As a seasoned analyst with years of experience navigating the dynamic landscape of blockchain and cryptocurrencies, I find myself intrigued by Orderly Network’s revised TGE timeline. The upcoming airdrop and CEX listings are indeed significant events for any project, and Orderly Network seems to be no exception.
The Orderly Network has adjusted the schedule for their Token Generation Event (TGE). Starting from August 26, 2024, at 8:00 AM Coordinated Universal Time (UTC), users can make token airdrop claims. Later on, the tokens will be listed on centralized exchanges.
New TGE Timeline and Airdrop Details
As an analyst, I’ve just learned that Orderly Network has announced updates regarding their Token Generation Event (TGE) schedule on Twitter. The airdrop claims for the TGE are set to go live on the Ethereum mainnet using the ERC20 standard. Post this airdrop process, our native token ORDER is scheduled to be listed on several Cryptocurrency Exchanges (CEXs), with the listing beginning at 10:00 AM UTC.
Beyond the TGE events, it was also announced that emissions for the VALOR token, which is produced through staking ORDER and includes rewards from trading and market-making, will start on August 27 at midnight UTC. This sequence of actions represents a major advancement for Orderly Network as they broaden their influence and bring more individuals into their Decentralized Finance (DeFi) environment.
Tokenomics and Utility of ORDER
In the realm of the Orderly Network, I serve as the cornerstone, fostering decentralization, promoting network expansion, and encouraging user participation. The economics of ORDER are meticulously designed to harmonize the objectives of diverse participants, such as market makers, traders, and developers, thereby cultivating a well-balanced and enduring ecosystem.
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As a crypto investor, I’ve found myself drawn to the unique token supply structure of this project. The total number of tokens stands at a cap of 1 billion, meticulously divided into several sectors. For instance, a sizable 55% is earmarked for the community, with early supporters and airdrop participants like me making up approximately 13.3% of that portion. Other portions include 15% set aside for strategic investors, 20% for team members and advisors, and 10% reserved for the foundation to foster ecosystem growth and ensure liquidity on various exchanges.
What Is Orderly Network?
In simpler terms, the Orderly Network functions as a versatile liquidity platform dedicated to enhancing trading within the Web3 environment. By tackling DeFi’s liquidity problems, it provides a unified trading orderbook that operates across various blockchains. This system, powered by Orderly Chain and LayerZero technology, essentially serves as a ‘liquidity cloud’, facilitating seamless cross-chain trades for improved efficiency.
Orderly Network empowers the swift introduction of intricate multi-chain trading applications using a complete Software Development Package (SDK). With this toolset, Web3 development squads can effortlessly construct and release complex trading platforms, thereby improving the entire system’s capabilities.
1. The platform has recently received substantial investment, with an additional $5 million coming from a strategic funding round backed by OKX Ventures, Manifold Trading, and others. This brings its estimated worth to more than $200 million. The announcement of Orderly Network’s forthcoming airdrop has sparked great excitement within the DeFi sector.
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2024-08-23 16:06