Must-watch next week EigenLayer will open airdrop applications; Mode will release governance tokens and airdrop (5.6-5.1

Next weeks highlights

ZeroLend: ZERO TGE will be launched on May 6th, with 15%-17% of the total supply used for airdrops ;

Mode will release the governance token MODE on May 7 and open airdrop applications ;

meson.network: Mainnet mapping is scheduled to take place on May 7 ;

EigenLayer plans to open token claims on May 10 ;

Avail: The first phase of airdrop applications has ended, and more relevant information will be announced next week .

From May 6 to May 12, more noteworthy events in the industry are previewed below.

May 6

Horizen is expected to perform a network upgrade on May 6

Odaily Planet Daily News Horizen will upgrade its network at block height 1,554,150 (expected at 11:00 on May 6). Binance is expected to suspend the token recharge and withdrawal services of the Horizen (ZEN) network at 10:00 Beijing time on May 6 to support its network upgrade.

ZeroLend: ZERO TGE will start on May 6th, 15%-17% of the total supply will be used for airdrops

Odaily Planet Daily News Multi-chain lending protocol ZeroLend announced on the X platform that the ZERO TGE will be launched on May 6, of which 15%-17% of the total token supply will be used for airdrops, 5% will be issued through the Zero Gravity plan, and 10-12% will be issued through earlyZERO (exchangeable with ZERO 1: 1).

ZeroLend will launch its governance mechanism on Linea at 16:00 on May 6

Odaily Planet Daily reported that Linea posted on the X platform that ZeroLend will launch its governance mechanism on Linea at 16:00 next Monday (May 6).

Earlier news, multi-chain lending protocol ZeroLend announced its ZERO token economics, with a maximum supply of 100,000,000,000 (100 billion pieces) and an initial circulating supply of 25,000,000,000 (25 billion pieces or 25%).

35% of the total supply will be used for private placement, 18% for airdrops, 10% for liquidity, 20% for reserved release to stimulate growth (vesting period is 1200 months), 5% for the treasury, 7% for advisors, and 5% for the team.

May 7

Gitcoin Grants Stack launches strategic funding program, application deadline is May 7

Odaily Planet Daily reported that according to official news, Gitcoin Grants Stack announced a partnership with Aave Grants DAO (AGD) to launch the strategic financing plan AaveGHO Ecosystem Advancement QF Round, which will allocate a matching pool of US$50,000 to support influential projects and contribute to the development of the blockchain ecosystem. It is reported that the application opening period will last until May 7.

Mode will release the governance token MODE on May 7 and open airdrop claims

According to official news, Mode, an L2 network built on OP Stack, announced that it will release the governance token MODE on May 7, with a total supply of 10 billion (the initial circulation supply is 1.3 billion), of which 5.5% will be used for the first round of airdrops (which will end on May 5), and airdrop claims will be open at 19:00 on May 7. Users will have 30 days to claim the tokens, and unclaimed tokens will be used for future rewards for users and developers on Mode.

The second round of airdrops will run from May 5 to September 6, when another 500 million tokens (5% of the total supply) will be distributed.

According to the information disclosed, 38% of MODEs supply will be allocated to investors and core contributors, 27% will be allocated to the foundation treasury, and 35% will be used for airdrops to users and developers.

Metis community testing rewards claims will be open until May 7

Odaily Planet Daily reported that the Ethereum Layer 2 network Metis community test reward application is open until May 7, and eligible users can claim xMetis before May 7. Metis disclosed that the eligibility criteria include: the top 33% of contributors in the community test; users who have completed all tasks in the first and second seasons of the community test; and those who abide by the fair competition guidelines of Elite Helmets and do not involve any form of Sybil attack strategy.

meson.network: Mainnet mapping is planned to be carried out on May 7

Odaily Planet Daily News: meson.network posted on the X platform that the Sepolia testnet snapshot will be completed today, and the entire testnet to 1% mainnet mapping is scheduled to take place at 14:00 on May 7, 2024.

Nostr Assets Protocol to launch MicroNode early access testing on May 7

Odaily Planet Daily News Nostr Assets Protocol posted on the X platform that it will conduct MicroNode early access testing on May 7, 2024, which is expected to last for 2 weeks, depending on the test results.

May 8

None

May 9

Story Protocol: Plans to launch the first hackathon v1.0 Buildathon on May 9

Odaily Planet Daily reported that according to official news, Story Protocol announced that it plans to launch its first hackathon v1.0 Buildathon on May 9. The event will end on May 26 and involve three tracks: creator tools, AI and DeFi.

May 10 聽

EigenLayer plans to open token claims on May 10

Odaily Planet Daily News: The re-staking agreement EigenLayer plans to open token applications on May 10. The newly established independent non-profit Eigen Foundation will become the entity that issues tokens. The total supply of Eigen tokens at the time of issuance is 1.67 billion. The foundation has allocated 45% of the tokens to its community, which is further divided into equity investment (15%), community initiatives (15%) and ecosystem development (15%). In addition, 29.5% of the tokens will be allocated to investors, while early contributors will receive 25.5%. It is reported that the total lock-up period for investors and early contributors is three years, with a complete lock-up in the first year, and then gradually releasing their holdings at a rate of 4% per month in the next two years.

It is worth mentioning that EIGEN tokens will be non-transferable in the first few months after claiming. (The Block)

Taiko Katla testnet will be shut down on May 10

Odaily Planet Daily reported that Taikos Katla testnet, the Ethereum second-layer network based on zkRollup, will be deactivated on May 10, and the latest EIP-4844 testnet Hekla has been opened to the public.

May 11

None聽

May 12

Aethir Cloud Drop will last until May 12

Odaily Planet Daily News: The decentralized GPU cloud infrastructure Aethir airdrop event Aethir Cloud Drop will last until May 12. Users can purchase Aethir Checker nodes, participate in social media, participate in testing, invite recommendations, and become one of the specific NFT/token communities to obtain airdrop qualifications.

Others (specific time undetermined)

Avail: The first phase of airdrop claims has ended, and more relevant information will be announced next week

Odaily Planet Daily News: Avail officials posted on the X platform that the first phase of airdrop claims have ended and the official claim window is now closed. More information about the second phase of airdrop claims will be released next week, including more rewards for more Clash of Nodes participants, rewards for Polygon PoS validators and LST holders, and other information.

This article is sourced from the internet: Must-watch next week EigenLayer will open airdrop applications; Mode will release governance tokens and airdrop (5.6-5.12)

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