Orderly Network ICO: The New Kid on the Blockchain
Quick Overview
- ORDER is gaining traction in the blockchain infrastructure sector, promising innovation in decentralized finance.
- Sale scheduled for June 27, 2024, along with a retroactive airdrop of 100 million ORDER tokens from June 13-27, 2024.
- Raised $20 million in Q2 2022 from investors like Jump Crypto and Sequoia Capital China, reflecting strong confidence.
- Deployment of omnichain vault on Ethereum, enabling cross-chain trading with over $50 billion in trading volume.
- Ambitious roadmap including further network expansions and feature enhancements to solidify its place in the DeFi landscape.
Orderly Network, symbolically represented as ORDER, has been making waves in the infrastructure sector of the blockchain universe. This dynamic network, poised to revolutionise decentralised finance, invites the curious to explore further on its website, and engage with its updates on popular social media platforms like Dropstab and Twitter.
A Grand Event on the Horizon
The buzz around Orderly Network is palpable, with the highly anticipated Token Generation Event (TGE) and distribution slated for June 27, 2024, at 13:10. Moreover, this upcoming token launch promises to be a milestone for the network, cementing its place in the blockchain ecosystem.
Adding to the excitement is the active retroactive airdrop, which began on June 13, 2024, and will run until June 27, 2024. During this period, a whopping 100 million ORDER tokens, equivalent to 10% of the total supply, will be distributed to eligible participants. This event, leveraging the Near Protocol blockchain, has also captured the interest of the crypto community, marking an auspicious start for Orderly Network.
$20M Raised in Q2 2022 from Major Investors
Orderly Network’s journey has been bolstered by substantial financial backing, notably from its strategic round which concluded in Q2, 2022. This private funding round raised an impressive $20 million. Moreover, investments from prominent entities such as Jump Crypto, Sequoia Capital China, Crypto.com, and Dragonfly Capital bolstered the latter. Such robust financial support also underscores the confidence major players have in Orderly Network’s potential to reshape decentralised finance.
Omnichain Vault Launch on Ethereum with $50B Volume
June 13, 2024, marked a significant day for Orderly Network as it announced the deployment of its omnichain vault on the Ethereum mainnet. This development is a game-changer, enabling seamless omnichain perpetual trading, and facilitating cross-chain deposits and withdrawals. Moreover, with over $50 billion in total trading volume, 14+ brokers, and more than 45 assets listed, Orderly Network is expanding its reach across major EVM chains and Layer 2 solutions.
Arjun Arora, COO of Orderly Network, expressed high hopes for the future, stating, that this project would become synonymous with omnichain liquidity layer of Defi. Similarly, Ran Yi highlighted the significance of this deployment, noting that it has always been a pivotal milestone for Orderly Network.
2024 Updates: Mainnet Launch and New Features
The year 2024 has been a bustling period for Orderly Network, also marked by a series of updates and new feature rollouts:
May 28, 2024
Testnet and Mainnet Launch: The testnet launched on May 24, 2024, followed by the mainnet on May 28, 2024.
New Features: Expansion to Mantle, as well as support for USDC.e on the Mantle network.
Updates: Introduction of a new WebSocket topic for maintenance status, optional “order-tag” parameter in the public campaign user API, and more.
April 16, 2024
New Features: Bracket order support and realised PnL visibility in order APIs.
Updates: New WebSocket topics for broker volume per market and new endpoints for verifying and checking referral codes.
March 12, 2024
New Features: Chain-specific brokers and a max slippage setting for market orders.
Updates: Automation of rebates for trades with order tags, and updated endpoints for order tag retrieval and referral info.
Orderly Network’s Ambitious Future Roadmap
Orderly Network has an ambitious roadmap, as well, with upcoming milestones that are sure to keep the community engaged. However, the TGE and distribution event on June 27, 2024, and the ongoing retroactive airdrop are just the beginning. The roadmap outlines a series of developments aimed at enhancing the network’s functionality and expanding its ecosystem.
Building a Permissionless Liquidity Layer for Web3
Orderly Network is not just about trading. It’s also about building a comprehensive, permissionless liquidity layer for Web3 trading. Besides, its robust SDK is a boon for developers. In addition, it enables seamless integration with various centralised exchanges (CEXs), decentralised exchanges (DEXs), aggregators, and wallets. This integration is crucial for fostering a cohesive and interconnected trading environment.
Moreover, Orderly Network is carving a niche for itself in the blockchain world with its innovative solutions and strategic developments. Its upcoming token launch and retroactive airdrop are just the tip of the iceberg. With strong investor backing, a series of impressive updates, and a clear roadmap, this project is well on its way to becoming a key player in the decentralised finance sector. So, keep an eye out for ORDER, as it promises to bring order to the world of blockchain trading.
The post Orderly Network ICO: The New Kid on the Blockchain appeared first on FinanceBrokerage.
