Gate.io Launches GM Trading, Offers 626.75% Staking Yield

Generated by AI AgentCoin World
Tuesday, Apr 29, 2025 6:53 am ET1min read

Gate.

io
has launched
GM
spot and contract trading on April 29 at 18:00 (UTC+8), marking a significant expansion of its trading services. Simultaneously, the platform opened its Launchpool for staking and mining, allowing users to participate in the staking of GM and ETH to share a free airdrop of 4,636,200 GM. The expected annualized yield for the GM pool is 626.75%, while for the ETH pool it is 14.99%. Early staking is now available, with specific details as follows:

The GM Staking Pool has a user staking limit of 1,000,000 GM and a total reward pool of 1,545,400 GM. The ETH Staking Pool, on the other hand, has a user staking limit of 1,000 ETH and a total reward pool of 3,090,800 GM. These pools provide users with an opportunity to earn significant returns on their investments while supporting the growth of the GM ecosystem.

This move by Gate.io is part of a broader strategy to enhance its offerings and attract more users to its platform. By launching GM spot and contract trading, Gate.io is providing traders with more options to engage with the cryptocurrency market. The Launchpool staking initiative further incentivizes users to participate in the ecosystem, fostering a more active and engaged community.

The expected annualized yields for the staking pools are notably high, with the GM pool offering a 626.75% yield and the ETH pool offering a 14.99% yield. These high yields are designed to attract users who are looking for substantial returns on their investments. The staking limits for both pools are set to ensure that the rewards are distributed fairly among participants, preventing any single user from dominating the pool.

Gate.io's decision to launch GM spot and contract trading, along with the Launchpool staking initiative, demonstrates the platform's commitment to innovation and user engagement. By providing users with more trading options and attractive staking rewards, Gate.io is positioning itself as a leading player in the cryptocurrency market. This move is likely to attract more users to the platform, further strengthening its position in the competitive cryptocurrency exchange landscape.