Gate Launchpool Distributes Over $1M in August Airdrops
Gate Launchpool released its August cryptocurrency airdrop report, distributing over $1 million in rewards across 10 projects. Participants staked $1.148 billion worth of assets, achieving an annualized yield up to 1363.1%. Additionally, Gate introduced GUSD staking, allowing USDT or USDC conversion at 1:1 with an 84.04% APY. Meanwhile, the Gate HODLer Airdrop featured eight new projects, requiring just one GT token to join. Both Gate Launchpool and HODLer Airdrop attracted over 100,000 users, offering high-yield, low-risk opportunities and enhancing early access to tokens. Gate Launchpool supports multiple tokens (GT, BTC, ETH, USDT, GUSD), distributing new coin rewards hourly. Users can further stake redeemed assets in a 7-day fixed product to earn up to 116.6% extra airdrop yield on top of original staking returns.
Bullish
High APY from Gate Launchpool and extensive airdrop distributions incentivize staking and reduce token circulation, attracting over 100,000 participants. Historically, large-scale airdrops and high-yield staking drive platform engagement and token demand, supporting upward price pressure in both short and long term. Additional GUSD staking and extra bonus yields further enhance value proposition, creating a bullish outlook for Gate’s ecosystem and associated tokens.