Orderly Network Launches Points Program Ahead of Token Launch
Orderly Network, a decentralized trading infrastructure protocol, has introduced its points program as part of its preparations for the upcoming token launch in the summer. The points program is accompanied by an airdrop campaign called “The Road to The Order,” which will consist of multiple epochs lasting approximately one week each. During this campaign, participants will have the opportunity to earn Merits based on their involvement in Orderly Network activities.
The Orderly Network Token and Distribution
The total supply of the Orderly Network token will be one billion. To prevent any malicious actors from launching tokens with the same ticker symbol before the official token launch, the team has chosen not to disclose the ticker symbol at this time. However, it has been confirmed that a significant portion of the token’s total supply will be allocated for airdrops.
The majority of the token supply will be distributed to the community, with the airdrop being a key component of this distribution strategy. This ensures that participants who actively engage with Orderly Network during “The Road to The Order” campaign will receive a portion of the airdrop.
The Road to The Order Campaign
The “Road to The Order” campaign specifically applies to traders on Orderly’s Ethereum virtual machine chains, including Arbitrum, Optimism, and Polygon. It’s important to note that NEAR traders are not included in this campaign. However, their activity on Orderly during the campaign period will still count towards their eligibility for the airdrop.
Traders who utilize NEAR before and during “The Road to The Order” campaign will qualify for the Orderly Network airdrop. In summary, all traders on Orderly from its inception until the launch of the Orderly token will receive a portion of the airdrop.
No Unlocks for Orderly’s Investors
Orderly Network has received backing from prominent investors such as Sequoia China, Pantera Capital, Dragonfly, and Jump Crypto. The company was valued at $200 million during its funding round last year.
When asked about the vesting schedule for investors, Orderly Network’s CEO declined to provide specific details but confirmed that there would be no unlocks for investors at the token generation event or for a significant period afterward.
About Orderly Network
Orderly Network was incubated in 2021 by Near and Woo Network. It offers a trading infrastructure for decentralized exchanges, with a focus on the Near blockchain. However, the team plans to expand its protocol to support both EVM and non-EVM chains in the future, creating an omnichain solution.
Hot Take: Orderly Network’s Points Program and Airdrop Campaign
Orderly Network’s launch of its points program and airdrop campaign marks an exciting development in its journey toward the token launch. By rewarding participants with Merits based on their engagement with the platform, Orderly aims to create a vibrant and active community ahead of the token distribution.
The inclusion of multiple epochs during “The Road to The Order” campaign ensures that participants have ample opportunities to accumulate Merits and increase their chances of receiving a substantial portion of the airdrop. This incentivizes traders to actively participate in Orderly Network activities and fosters a sense of community ownership.
Furthermore, by allocating a significant portion of the token supply to the community through airdrops, Orderly Network demonstrates its commitment to decentralization and inclusivity. Traders who have been with Orderly since its inception will be rewarded for their loyalty and support.
Orderly Network’s decision to exclude NEAR traders from “The Road to The Order” campaign may raise questions. However, it’s important to note that NEAR traders can still qualify for the airdrop by trading on Orderly during the campaign period. This approach ensures that all traders, regardless of their chosen blockchain, have an opportunity to benefit from the token distribution.
The absence of unlocks for investors indicates a long-term commitment to the project’s success. By delaying investor unlocks, Orderly Network aligns its interests with those of the community and encourages a sustained focus on building a robust and thriving ecosystem.
As Orderly Network continues to expand its trading infrastructure and explore new opportunities in the decentralized exchange space, its points program and airdrop campaign serve as important milestones in its journey towards becoming a leading player in the crypto industry.
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