Orderly Network to Launch Points Program Ahead of Token Release
In early April, the infrastructure DeFi protocol Orderly Network will initiate the Merits campaign for point farming, which will be converted into the project’s native token after its launch. This was announced by the platform’s CEO, Yi Zhang, in a conversation with The Block.
“We expect the program to include more than ten epochs, each lasting approximately one week,” he noted.
At the end of each epoch, developers will take a snapshot, based on which users will be credited with points.
According to Zhang, the total token issuance of the protocol will be 1 billion. He did not disclose the coin’s ticker due to the potential influx of fraudsters looking to counterfeit the asset.
The head of Orderly Network also did not specify the volume of tokens intended for the airdrop but clarified that it would be a “significant share.” The token launch is planned for this summer.
“Overall, the majority of our tokens will be distributed to the community, and the airdrop will be one of the key components,” he clarified.
Users in the Orderly virtual machine ecosystem, as well as Ethereum traders in L2 solutions like Arbitrum, Optimism, and Polygon, can participate in the campaign. Zhang added that NEAR Protocol users are not included in the initiatives, but their activity will also be considered.
Orderly Network was established in 2021 by Near and Woo Network. The project offers trading infrastructure for decentralized exchanges. The main blockchain of the project is NEAR, but developers plan to expand to other networks.
Available Activities
Prior to the CEO’s statement, Orderly Network had already launched several campaigns for earning points on various platforms.
On Galxe, users can engage in social activities like subscribing to X and Discord, as well as trading tasks on decentralized exchanges.
A number of tasks are available on the Zealy platform. These involve interacting with social networks and claiming NFTs.
Considering the CEO of Orderly’s statements, interacting with decentralized exchanges based on the protocol could be potentially beneficial:
Some of the listed platforms have also promised to conduct their own airdrops.
In March, COTI Network announced the distribution of 40 million v2 tokens worth $10 million for COTI token holders and treasury participants.
Earlier, CoinGecko experts identified the best time to sell assets received during airdrops.
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