Get Ready for ORDER: Token Launch, Airdrop Dates, and What’s Next for Orderly Network

Key Takeaways

• Orderly Network's ORDER token will have its Token Generation Event (TGE) on August 26, 2024, with trading commencing two hours later on various CEXs.
• The airdrop claims for ORDER will be conducted on the Ethereum mainnet (ERC20), and emissions for the staking reward token VALOR will begin on August 27, 2024.
• The ORDER tokenomics feature a capped supply of 1 billion tokens, with allocations designed to incentivize community engagement, support the platform’s growth, and reward stakeholders.

Orderly Network is poised to make a significant impact with its upcoming Token Generation Event (TGE) and the subsequent listing of its native token, ORDER, on various centralized exchanges (CEXs). The airdrop claims will commence on August 26, 2024, at 8:00 AM UTC, with the token becoming available for trading just two hours later, at 10:00 AM UTC.

New TGE Timeline and Airdrop Insights

The revised TGE schedule, shared by Orderly Network on Twitter, outlines a strategic rollout of the ORDER token. The airdrop claims will be facilitated on the Ethereum mainnet (ERC20), marking a crucial moment for early adopters and the broader DeFi community. Following this, the token will be listed on multiple CEXs, allowing for broader market access.

In parallel, the platform has scheduled the commencement of emissions for VALOR—the staking reward token generated by holding ORDER. These emissions, along with trading and market-making rewards, are set to begin on August 27 at midnight UTC. This sequence of events underscores Orderly Network’s commitment to expanding its decentralized finance (DeFi) ecosystem and engaging more participants.

ORDER Tokenomics and Utility

The ORDER token is central to Orderly Network’s ecosystem, playing a pivotal role in decentralizing the platform, fostering growth, and incentivizing user participation. The tokenomics are meticulously designed to balance the interests of all stakeholders—market makers, traders, and developers—ensuring a sustainable and thriving ecosystem.

Key utilities of the ORDER token include:

• Governance: Staking ORDER grants holders the right to participate in governance decisions, shaping the future of the platform.
• Incentives: ORDER tokens can enhance trading and market-making rewards, motivating users to contribute liquidity and stay actively engaged.

The ORDER token has a capped supply of 1 billion tokens, allocated as follows: 55% to the community, 15% to strategic investors, 20% to the team and advisors, and 10% to the foundation for ecosystem development and liquidity provision on exchanges. Of the community allocation, 13.3% is reserved for early supporters, including airdrop participants.

About Orderly Network

Orderly Network is a permissionless liquidity layer designed to address the liquidity challenges in DeFi by providing a unified trading orderbook across multiple blockchains. This innovative platform leverages Orderly Chain and LayerZero technology to create a seamless liquidity cloud, facilitating efficient cross-chain trading.

The platform's comprehensive Software Development Kit (SDK) enables Web3 teams to rapidly deploy advanced omnichain trading applications, thereby enhancing the overall functionality of the ecosystem. With significant backing—including a recent $5 million strategic investment from OKX Ventures and Manifold Trading, among others—Orderly Network’s valuation has surged to over $200 million.

As the DeFi community eagerly anticipates the ORDER token airdrop, Orderly Network continues to solidify its position as a key player in the decentralized finance space, offering innovative solutions and expanding opportunities for participants across the blockchain ecosystem.

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FAQs

• When will the ORDER token be available for trading? The ORDER token will be available for trading on centralized exchanges starting at 10:00 AM UTC on August 26, 2024.
• What is the schedule for the ORDER airdrop and VALOR emissions? Airdrop claims for ORDER will start on August 26, 2024, at 8:00 AM UTC, and emissions for VALOR will begin on August 27, 2024, at midnight UTC.
• How is the ORDER token supply distributed? The ORDER token has a capped supply of 1 billion tokens, with 55% allocated to the community, 15% to strategic investors, 20% to the team and advisors, and 10% to the foundation.