News list for " release governance"
The Orca Council has issued a governance proposal to use up to 55,000 SOLs to repurchase ORCA and pledge it to a validator. During the 5-day voting period and the 2-day cooling-off period, ORCA token holders can submit a veto vote. Details of the proposal: Capital size: All SOL and USDC in the treasury wallet are currently around 55,000 SOL and 400,000 USDC. Execution method: All SOLs in the treasury wallet will be pledged first...
L2 Network Mode, which is based on OP Stack, will release MODE, a governance token, on May 7. The total supply of the token is 10 billion, of which 5.5% is dedicated to the first of two user airdrops. The second airdrop will run from May 5 to September 6, at which time 500 million more tokens will be issued. 38% of MODE's supply is allocated to investors and core contributors, 27% to foundation coffers, and the remaining 35% to end users and developers. Since its launch in January, Mode has amas...
