Orderly Network To Distribute 60% Of Net Fee Rewards To ORDER Stakers After Genesis
In Brief
Orderly Network unveiled the details of its airdrop, enabling token holders to stake ORDER and earn 60% of the network’s net trading fees.
Omnichain liquidity layer Orderly Network (ORDER) announced the details of its upcoming airdrop, which is scheduled for August.
Once the new token is released, token holders will have the option to stake the token and, in return, will collectively get 60% of the network’s net trading fees. Staking incentives will be distributed in USDC upon redemption. To date, the network has accumulated over $8.1 million in net fees.
The earlier and longer a token holder stakes, the greater their potential value accumulation. Additionally, staking ORDER will offer extra rewards to traders using a decentralized exchange (DEX) integrated with Orderly Network and will play a crucial role in determining both trading and market-making rewards in the future.
The token will utilize the OFT Standard, which facilitates the sending, receiving, and composition of assets across multiple blockchains. OFTs employ a mint-and-burn mechanism for cross-chain token transfers, eliminating the need for wrapped assets.
Moreover, it intends to separate into two entities: a developer organization and a foundation responsible for overseeing the protocol. The ORDER token will be central to this strategy, as its utility will be integrated into the platform to foster a flywheel effect, boosting platform adoption and aligning stakeholder interests. Token holders will have governance rights, allowing them to engage in decentralized decision-making. They will also earn Valor, a metric that evaluates each user’s staking position based on amount and duration, and benefit from enhanced trading and market-making rewards through staking.
According to the ORDER tokenomics, 1 billion ORDER tokens will be issued at launch. Of this total, 55% will be allocated for ecosystem development, 20% will go to the Orderly team and advisors, 15% will be assigned to strategic investors, as well as 10% will be kept in the Orderly Foundation treasury. Additionally, 13.3% of the total supply is designated for the airdrop.
Orderly Network: What Is It?
Orderly Network combines an orderbook-based trading infrastructure with a liquidity layer that supports spot and perpetual futures order books. In contrast with traditional platforms, it functions as a foundational element within the ecosystem, providing essential services to projects integrated with it.
Recently, it was launched on the Ethereum mainnet, allowing users to trade directly from the base layer. Additionally, its DEX on the Ethereum mainnet now facilitates perpetual contract transactions through Orderly Network.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
