Airdrop claims are about to open, what is the valuation of Mode Network token MODE?

1. Mode Network will launch the governance token MODE on May 7 and open the first quarter airdrop application.
2. Mode Network is a Layer 2 network built on OP Stack, focusing on DeFi services, and has built a Layer 3 network Mode Flare by integrating Celestia's DA solution.
3. MODE tokens have dual functions of governance and incentives, with a total supply of 10 billion and an initial circulation supply of 1.3 billion.
4. Mode Network uses a points mechanism to measure community contributions. Users can accumulate points by bridging assets and using applications to affect airdrop shares.
5. Although MODE has not yet TGE, some pre-market trading markets have opened OTC transactions. Whale Markets data shows that the current quote is US$0.11, the initial circulation market value is US$143 million, and the full circulation valuation is US$1.1 billion.