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The Orderly Network Token Generation Event (TGE) is scheduled for August 26, 2024 and marks a major milestone for the Orderly Network. The $ORDER token plays a key role in the Orderly Network ecosystem, supporting decentralization and growth and serving as an incentive tool for users. The launch marks another important milestone in the evolution of Orderly and its transformative impact on DeFi trading.
Notably, the Orderly Network team has also planned a major airdrop for the TGE at 8:00 am UTC. The airdrop is scheduled to take place on the Ethereum mainnet (ERC20) and will distribute 100 million $ORDER tokens to various eligible participants, including Orderly Merits contributors, social campaign participants, and traders on NEAR and EVM.
Ran Yi, co-founder of Orderly Network, commented on the development of the project as follows:
“We are incredibly excited to see Orderly Network become increasingly community owned going forward. The launch of this token represents a significant step in our journey and allows us to reward our early backers and engage with our growing community in new and meaningful ways. We are excited to see how this next phase unfolds and together we will continue to push the boundaries of DeFi trading.”
 The total supply of the $ORDER token is capped at 1 billion tokens. 55% of these tokens have been allocated to the community, including rewarding early backers through the airdrop. 15% will be used for strategic investors, 20% for teams and advisors, and 10% for project building, including liquidity provision and ecosystem development.
Orderly Network combines an order-based trading infrastructure and a robust liquidity layer to offer spot and perpetual futures order books. It aims to provide DeFi projects with institutional-grade liquidity and ensure seamless trading across order books across multiple networks. Additionally, Orderly leverages Celestia for Layerzero and Modularity for cross-chain messaging.
Since its launch, Orderly Network has achieved many milestones including a total trading volume of over $80 billion, deployment of six major blockchain networks, a user base of over 290,000 unique wallets, and a total value locked (TVL) of over $50 million. The network has also entered into various strategic partnerships, onboarded 20 brokers, launched Orderly Quantum Pools, its first user-facing product, and listed over 50 EVM perp symbols. Other DEXs and products powered by Ordely include Quickswap, WOOFi Pro, LogX, and Elixir.
Prior to launch, the Orderly team introduced “The Road to the Order” campaign, which rewards active traders with “Merits” points that can be exchanged for Orderly Network tokens. The gamified initiative allowed traders to earn merits for every trade they made. Users can now view their earned merits and claim their airdrop once $ORDER goes live.
After the airdrop, the team behind the project plans to list the $ORDER token on several notable exchanges, including Bybit, BItMart, Bitget, and Bitrue.
