Pell Network has created a decentralized Omnichain validation network powered by BTC staking to extend BTCFi into the realm of cryptoeconomic security and fully unlock Bitcoin's security potential. Pell enhances capital efficiency for stakers and provides developers with an efficient, secure, and accessible way to build validated services. Based on our initial Omnichain BTC staking network, Pell will accelerate our expansion into building comprehensive Omnichain infrastructure for the artificial intelligence-driven decentralized financial industry (DeFAI).

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How to participate

Here is a step-by-step guide on how to participate in Gate Launchpool projects.

Via the exchange website

1. Go to the Gate.io website.

2. In the top menu, click on the "Startup" button and select the "Launchpool" section.

3. Then click on the ""Upcoming" (or "Going Now") tab and select the desired pool to proceed with staking and start earning tokens for the selected project.

4. Next, click on the "Stake" button. Choose the desired coin, specify the required amount, accept the terms, and click "Confirm."

Read more in the Launchpool FAQ

Via the mobile application

1. Download the official exchange application from Gate.io.

2. In the main menu, click on the "Logo," where all sections of the exchange will be visible. Then look for "Earn" and select the "Launchpool" section.

3. Then click on the "Upcoming" (or "Going Now") tab and select the desired pool to proceed with staking and start earning tokens for the selected project.

4. Next, click on the "Stake" button. Choose the desired coin, specify the required amount, accept the terms, and click "Confirm."

Terms

Stake your funds and receive tokens for free.

During this period, stake PELL/GT/BTC and receive a share of 7,002,801 PELL for free!

To participate in staking on Gate Launchpool, you must complete KYC verification

The system will take several snapshots of hourly staking amounts and use the average staking amount as the effective staking amount. Hourly staking reward = (Last 1-hour effective staking amount of an individual user / Total staking amount in the pool) × Hourly reward pool.

Token rewards will be distributed to the spot trading accounts of qualified users hourly.

Listing and launch occur simultaneously, and accrued rewards can be sold on the exchange daily. If you are a holder of BTC and GT coins (GT is the exchange token of Gate), you should consider participating in this pool!

Results

Actual profit may vary as the value of the coins you receive from the pool will fluctuate. Some users prefer to sell coins at the current price daily, while others may realize them at the end of the term or even keep them in their portfolio. The coin price can both decrease and increase. For example, you may sell a coin daily at a price of $1, while later someone else might sell it for $2 or, conversely, for $0.5 per coin. In this matter, each person makes their own decision. As practice shows, free coins obtained from pools are better sold immediately after accruals or at the start of listing if the given coin will be available for sale after the pool ends.

The following results are recorded based on staking:

APR (Annual Percentage Rate) — this is the annual interest rate that shows the basic investment return without considering the effect of compound interest. In the context of crypto investments, APR represents a simple percentage of the principal amount that you will receive over a year.