Web3Observation

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Deep Dive on Mode Network An Ethereum Layer 2 within OP stack module that focus on application and growth layer of blockchain ecosystem Let’s delve into to figure out Why @modenetwork take a lead on "On-chain Cooperative" Narrative! In past few years, The development of blockchain focus on solving scalability problem.⛓️ With the rising of Layer2 and Modular blockchain. It is time to shift considerable resource from funding incremental improvements at the protocol layer to fostering world-class applications and growth layers in blockchain ecosystem And That is What Mode Network aims to do ❯ What is Mode Network Mode network is a ethereum Layer 2 designed to enhance on-chain coorperation. Mode believe a grow ecosystem with mature and first-tier applications plays key role in the future mass adoption of Blockchain. It needs users and developers to work together, so Mode design a strong incentivation system to encourage and support on-chain cooperative. 🔘 Users Incentives & potential Rewards • Referral Revenue: Users have chance to refer others to Mode Network and earn a portion of SFS revenue based on the transaction fees. • Campaign Reward: Mode, teams up with Galxe and Zealy, launch a incentive program with multiple task. Now it has over 30k users who have joined. • Potential Airdrops: Mode is likely to distribute airdrops to early participant. 🔘Developers Incentives & Services • Generate Revenue from the Network Sequencer: Developers can register contracts and received a proportion of Mode’s sequencer revenue through Mode’s Sequencer Fee Sharing (SFS) module. • One-stop deployment: Developers who familar with Ethereum can deploy apps on Mode Network seamlessly. • Low fees: With the help of Optimism’s bedrock upgrade, Developers can enjoy 95% fee reduction compared with Ethereum mainnet • Open Source: Collaborate with Optimism on the OP Stack enable source sharing and growing together. • Mode dashboard integrate with tool: Developers have access to Mode dashboard with instant feedback to help developers can allocate resources to scale their application. Meanwhile, Mode Supports various of tool to developers which help them to build sustainable on-chain business through relevant distribution channel. ❯ Mode Network Ecosystem Mode, get inspired by the success of Shopify, decide to use platform approach to ecosystem building by giving Web 3 developers a platform to understand their user data and integrate with the growth tools to help acquire users and liquidity. Mode has successfully get on board several famous protocols includes: - @PythNetwork - @blockscoutcom - @tallyxyz - @Hyperlane_xyz - @thirdweb - @Galxe - @SnapshotLabs - @Covalent_HQ - @MetaMask - @connextnetwork - @biconomy - @kado_money - @aori_io And More..... ❯ Coorperate, Not Compete Project Rug and Malicious competition is gradually destroying the spirit of openness, transparency and win-win cooperation in the crypto community which turn to the current stage of cryptocurrency resembling to zero-sum game. We are deviating from the track of mass adoption of blockchain, while Mode Network try to reverse this trend by supporting and encourage builders and users grow as the network grows. I believe Building business with win-win mindset will potential expand the possibility of blockchain and it will popularize in Web3 community. Let’s keep our attention to the development of @modenetwork and looking forward what’s coming next!