Recently on X (formerly known as Twitter) the Official account of Orderly Network has announced the Token Generation Event date along with Airdrop claims and staking going live. This news is making waves and creating excitement in the crypto Market
Orderly Network is set with its Token Generation Event (TGE) on August 26, 2024. The highly anticipated event will kick off at 8:00 AM UTC with airdrop claims and staking going live simultaneously.
The airdrop will be conducted on the Ethereum mainnet (ERC20) marking the beginning of a significant expansion for the network.
The upcoming airdrop involves distributing 100 million ORDER tokens to various eligible participants, including Orderly Merits contributors, Orderly traders on EVM and NEAR, and social campaign participants.
Eligible users are encouraged to verify their status and prepare for the claims process
Orderly Network’s revised TGE schedule was shared via Twitter, highlighting the strategic planning behind this major event.
The ORDER token is central to the network’s ecosystem and is designed to foster decentralization, support growth, and incentivize user engagement.
With a capped supply of 1 Billion tokens, ORDER’s distribution is carefully structured as:
55% for the community,
15% for strategic investors,
20% for teams and advisors,
10% for the foundation (including liquidity provisions and ecosystem development)
Notably, 13.3% of the community allocation is earmarked for early supporters participating in the airdrop.
Following the airdrop, the ORDER token, Orderly Network’s native asset will be listed on various centralized exchanges (CEXs):
This will starts at 10:00 AM UTC on August 26.
This listing will provide increased accessibility and liquidity for the ORDER token, allowing more participants to engage with the ecosystem.
The timeline continues with further developments as August 27 brings the launch of Orderly Network VALOR emissions, along with trading and market-making rewards starting at midnight UTC.
VALOR is generated through staking ORDER tokens and will serve as a key component in the network's DeFi offerings.
This phase marks an important progression as Orderly Network deepens its integration into the decentralized finance space.
As Orderly Network gears up for this pivotal event, the DeFi community's excitement is palpable. The launch of the ORDER token and the associated airdrop represent a significant step in expanding the network’s reach and engaging a broader audience in its decentralized finance ecosystem.
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