If passed, the BMX native incentive campaign on Mode (BIP-10) will end immediately due to ineffective attraction of users and volume.
Mode as a chain has struggled to attract users, TVL, volume, and growth. Following the Ionic exploit, TVL plunged across the chain. The team's opinion is that the outlook for Mode is bleak and continuing to distribute BMX is wasteful. Products operating on Mode will be maintained as normal, only ending native incentives.