Orderly Network has exciting plans to share 60% of net fee rewards with stakers of ORDER following the Genesis milestone.

Omnichain liquidity layer Orderly Network ORDER has laid out the specifics of its much-anticipated airdrop, scheduled for August this year.

Once the new ORDER token is launched, holders will be presented with the opportunity to stake their tokens, collectively earning them a lucrative cut of the network's trading fees. This staking reward will be distributed at the time of redemption, with the network already amassing over $8.1 million in net fees thus far. USDC The sooner and longer a token holder engages in staking, the greater the rewards they can anticipate reaping. Moreover, engaging in staking with ORDER will yield additional perks for users trading via a decentralized exchange (DEX) that collaborates with Orderly Network, significantly influencing both trading and market-making rewards moving forward.

The token will adhere to the OFT Standard, which streamlines the process of sending, receiving, and organizing assets across various blockchains. This utilizes a mint-and-burn protocol for token transfers between chains, doing away with the necessity for wrapped tokens.

Furthermore, the organization plans to branch into two distinct entities: a development team and a foundation aimed at supervising the protocol. The ORDER token will play a critical role in this strategy, embedded within the platform to create a positive feedback loop that boosts adoption while aligning the interests of stakeholders. Token holders will gain governance rights, allowing them to participate in decentralized decision-making processes. Additionally, they will earn Valor, a metric assessing user staking positions based on both quantity and duration, enhancing their trading and market-making benefits.

According to the tokenomics for ORDER, a total of 1 billion tokens will be issued at launch. Out of this figure, 55% will be dedicated to ecosystem growth, 20% allocated to the Orderly team and advisors, 15% designated for strategic investors, and 10% set aside in the treasury of the Orderly Foundation. Moreover, 13.3% of the total supply is earmarked for the airdrop.

Traders and market makers stand to gain significant advantages in this evolving ecosystem.

Orderly Network: What Is It?

Orderly Network Just recently, it has made its debut on the Ethereum mainnet, providing users with the ability to trade directly on the base layer. The DEX on this mainnet now also facilitates perpetual contract trading through Orderly Network. perpetual futures Please remember that the content shared on this page does not constitute legal, tax, investment, or financial advice, nor should it be viewed as such. Always invest responsibly, starting with what you can afford to lose. If any uncertainties arise, seeking independent financial advice is encouraged. For further insights, we recommend reviewing the terms, conditions, and support resources provided by the issuer or advertiser. MetaversePost is committed to delivering accurate and impartial coverage, however, market conditions can evolve without prior notice.

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