Gate.io Launches Pell Network on Launchpool with 760.42% Annualized Rate

Gate.io, a leading cryptocurrency exchange, has announced the launch of Pell Network (PELL) on its Launchpool platform. The initiative began on March 13, 2025, at 18:00 (UTC+8) and will continue until March 25, 2025, at 18:00 (UTC+8). During this period, users can stake PELL, GT, and BTC tokens to participate in the Launchpool and share a total of 7,002,801 PELL tokens for free. The PELL mining pool is expected to offer an annualized rate of 760.42%, while the GT mining pool is anticipated to provide an annualized rate of 29.59%, and the BTC mining pool is expected to yield an annualized rate of 12.31%.

This move by Gate.io is part of its ongoing efforts to support innovative blockchain projects and provide users with opportunities to earn rewards through staking. By participating in the Launchpool, users can not only support the Pell Network but also potentially earn significant returns on their staked assets. The initiative underscores Gate.io's commitment to fostering the growth of the cryptocurrency ecosystem and offering its users a diverse range of investment opportunities.

The launch of Pell Network on Gate.io's Launchpool is a strategic move that benefits both the exchange and its users. For Gate.io, it represents an opportunity to attract new users and increase liquidity on its platform. For users, it provides a chance to earn rewards while supporting a promising blockchain project. The high annualized rates offered by the mining pools make this initiative particularly attractive, as it allows users to maximize their returns on staked assets.

The success of this Launchpool initiative will depend on several factors, including user participation and the overall performance of the Pell Network. If the project gains traction and attracts a significant number of users, it could lead to increased demand for PELL tokens and potentially drive up their value. Conversely, if user participation is low or the project fails to deliver on its promises, it could result in a less favorable outcome for both Gate.io and its users.

In summary, Gate.io's decision to launch Pell Network on its Launchpool platform is a significant development in the cryptocurrency space. It offers users a unique opportunity to earn rewards while supporting an innovative blockchain project. The high annualized rates and the potential for significant returns make this initiative particularly appealing, and it underscores Gate.io's commitment to fostering the growth of the cryptocurrency ecosystem.