Mode has earmarked 5% of its total token supply for their DevDrop initiative, which we have distributed in the form of “Mode Photons” and “Mode Orbs” NFTs! Ironclad has received a selection of these NFTs as Mode’s native credit layer and have distributing them straight to our community, who are the backbone of our product.
For the first round of the DevDrop, Ironclad has been allocated 7,840 Photons and 784 Orbs NFTs. All of these NFTs will have a future utility. Read on for how we distributed these NFT’s.
Please note that to be eligible for the DevDrop, you need a Mode wallet address with a transaction on it.
DevDrop Distribution 1 Details
The 784 Orbs have been dropped to the following:
- 200 Orbs to the first 50 Ironclad users.
- 400 Orbs split between the next 400 users.
- 100 Orbs shared between the top 50 ETH suppliers (since the beginning of the Embers Campaign).
- 50 Orbs split between rank 51-100 ETH suppliers (since the beginning of the Embers Campaign).
- 19 Orbs were given away via the Wheel of Rewards during the Ironclad Takeover of the Granary Office Hour. Wheel spins can be seen here.
- 4 Orbs were given away via the Wheel of Rewards after the event. Wheel spins can be seen here.
- 11 Orbs sent to the Discord members with Metal Magnate role or higher.
The 7,840 Photons have been dropped to the following:
- 3,500 additional Photons distributed to a larger pool of the top ETH suppliers (since the beginning of the Embers Campaign), where the sum of total Embers from ETH supply / by each users ETH supply embers and then distributed pro rata if the users photon share is > 1.
- 2,500 additional Photons distributed to LRT (ezETH, weETH.mode and wrsETH) suppliers, where the sum of total Embers from all LRT supply / by each users LRT supply embers and then distributed pro rata if the users photon share is > 1.
- 1,840 Photons distributed to the top Ember forgers, where the sum of total Embers / by each users Embers total. Then distributed pro rata if the users photon share is > 1.
What’s Next…
For more information regarding the utility of the NFT’s, follow modenetwork on X. Also keep an eye out for Distribution 2 announcements on the Ironclad X account.
For more information, check out the Mode blog article.
Thanks for your support so far, IronChads!