Orderly Network will launch a points program and airdrop tokens in the summer

Author: Yogita Khatri, The Block; Compiler: Deng Tong, Golden Finance

• < p>Orderly Network has launched a points program in preparation for the launch of its token this summer.

• The points program will begin next week and is expected to continue for several weeks.

Orderly Network is a decentralized trading infrastructure protocol that has Launching points program ahead of token launch this summer.

Orderly Network said Monday that a points program called "Merits" will begin next week. Co-founder and CEO Ran Yi said, Users can earn points that will be converted into Orderly Network tokens at launch , but declined to comment on proportions because there is "some flexibility" in the design of the scheme, such as its end date.

Orderly will have airdrop snapshots and call its points and airdrop campaign “The Road to The Order.” “We currently anticipate that the campaign will have more than ten phases, each lasting approximately a week, ” Yi said. Depending on the ongoing online activity during the overall "The Road to The Order" campaign, certain eras will bring more goodness than others.

Orderly Network Token

Yi said that the total supply of the token will to 1 billion. He declined to reveal the code to prevent bad actors from issuing tokens with the same code before the official coin launch.

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He also declined to comment on the percentage of the total token supply that will be airdropped, but said it will be a "significant portion." “Overall, the majority of our token supply will flow to the community, of which airdrops are a key component," he said.

It is worth noting that The "Road to The Order" event is only applicable to Orderly's Ethereum Virtual Machine chain and traders, namely Arbitrum, Optimism and Polygon. He noted that traders will not participate in the event, but their activity during the event will still count towards the airdrop. “Transactions via NEAR before and during The Road to The Order will still be eligible for the Orderly Network airdrop,” Yi said, adding, “At the end of the day, All traders on Orderly from inception to launch will be eligible for the Orderly Network airdrop." Ordered tokens will receive a portion of the airdrop. ”

Orderly investors "cannot unlock"

Orderly is backed by several high-profile investors including Sequoia China, Pantera Capital, Dragonfly, and Jump Crypto. When it raised funds through a token round a year ago, its valuation is $200 million.

When asked about investors’ redemption timetable, Yi said that during the token generation event or “a long time after that” Neither has been unlocked for investors, but declined to comment on a specific timeline.

Orderly Network was incubated by Near and Woo Network in 2021. It provides trading infrastructure for decentralized exchanges. While Near It is still the core of Orderly, but it plans to create a full-chain protocol that will support EVM and non-EVM chains in the future.