Earlier this month, tanX added one more impressive network to its ranks - Mode. This alliance enabled us to leverage the best of what the Mode network has to offer: reduced operational costs and access to a growing community, which in turn leads to active collaboration and greater user retention.

tanX’s partnership with Mode extends beyond the addition of the network to our platform; we are also teaming up with them for an airdrop next month. You can view more details about that here.

A closer look at the benefits Mode offers

For those seeking to explore or expand within DeFi, Mode offers multiple compelling reasons:

• Enhanced Scalability: Mode leverages a modular architecture, enabling seamless integration with existing EVM chains. This fosters a "superchain" effect, dramatically increasing transaction throughput and reducing gas fees.

  
  

• Reduced Operational Costs: The network's scalability translates to lower gas fees. This cost-effectiveness promotes wider adoption and user retention.

  
  

• Access to an Active Community: Joining the Mode ecosystem means becoming part of a thriving ecosystem of developers and users, who are rewarded for contributing to the network's growth. This fosters collaboration, participation, innovation, and a larger potential user base.

How to use Mode on tanX

1. Deposit funds: Choose the Mode network when depositing funds on tanX.

   
   

2. Trade effortlessly: Enjoy the benefits of low fees and fast transaction speeds while trading your favourite assets.

   
   

3. Withdraw profits: When you're ready to draw your funds, select Mode network for your withdrawal and receive assets promptly.

   
   

What’s in the cards for Mode?

The Mode developer team is building DeFi infrastructure that will stand the test of time in the crypto sphere. As their introductory blog outlines, Mode’s short-term goal is to “build the foundations of a leading L2” while their long-term goal is to “be the user and liquidity hub for the superchain”.

The team also believes that a growth-first approach is an ideal incentive to scale the ecosystem. So their primary focus will be on continuous/consistent innovation and expanding the ecosystem by forging fruitful partnerships with promising projects and thus attracting a wider audience.

Ready to experience the benefits of Mode? Try it out on tanX now!

On a different note

Stay updated on our latest activities by following @tanXfinance on X (Twitter) or joining our Discord while we continue striving to perfect the DEX trading experience.

Happy trading!