Gate will list Pell Network (PELL ) for spot trading at 10:00 on March 13th, 2025 (UTC). To reward our users, you can stake PELL/GT/BTC in Pell Network (PELL) Launchpool to earn 7,002,801 PELL airdrop for free, with rewards distributed every hour.
Pell Network(PELL) Spot Trading:
Trading Starts: 10:00 on March 13th, 2025 (UTC)
Deposit PELL: https://www.gate.com/myaccount/deposit/PELL
Trade PELL in USDT Market Via: https://www.gate.com/trade/PELL_USDT
Airdrop Details
Staking Period: 10:00 on March 13th - 10:00 on March 25th, 2025 (UTC)
Unlocking Rule: 100% Unlock
Participation Requirements:
(1)The system will take multiple snapshots of personal staking amounts hourly, and take the average staking amount as the valid staking amount. Hourly staking reward = (Latest 1-hour valid staking amount of individual / Total staking amount in the pool) × Hourly reward pool.
(2)Token rewards will be distributed into the spot accounts of eligible users hourly.
Launchpool FAQ
How to Participate: Log in to your Gate account and complete identity verification → Navigate to the Launchpool → Hold at least 10 PELL/ 0.01 GT/ 0.000001 BTC → Click ‘Stake Now’.
Project Information
(Provided by the Pell Network (PELL) team. Please follow the Pell Network (PELL) website for more details）
-Introduction：Pell Network has built an Omnichain Decentralized Validated Service Network driven by BTC restaking to extend BTCFi into the cryptoeconomic security domain and fully unlock Bitcoin’s security potential. Pell enhances capital efficiency for stakers and provides developers with an efficient, secure, and affordable way to build validated services. Building upon our pioneering Omnichain BTC Restaking Network, Pell will accelerate our expansion into building a comprehensive omnichain infrastructure for AI-driven decentralized Finance (DeFAI).
-Token Name: Pell Network
-Token Symbol: PELL
-Max Supply: 2,100,000,000
-Token Type: BEP-20
-Token ID: https://bscscan.com/token/0xc65d8d96cdddb31328186efa113a460b0af9ec63
-Token Distribution Ratio and Unlocking Rules:
Community & Launch 25%, 40% TGE + 36 months vesting;
Ecosystem Growth 22%, 9.09% TGE + 36 months vesting;
DAO Treasury 18.33%, 16.36% TGE + 36 months vesting;
Investors 16.67%, 20% 6 months cliff + 80% 24 months linear release;
Public Sale 3%, 33.33% TGE + 66.67% 6 months linear release;
Team 15%, 2% 6 months cliff + 98% 30 months linear release.
-Website: https://pell.network/
-Whitepaper: https://pell.gitbook.io/pell-network-docs
Notes:
-GateToken (GT) is the unique exchange token of Gate exchange and the native token to Gatechain public chain. Hold GT now: https://www.gate.com/trade/GT_USDT
-Please complete Identity Verification before participating in Launchpool to enhance the security of your account and assets.
-Please adhere to the relevant rules of the event when participating. Any cheating behavior is prohibited. An occurrence of any dishonesty will result in the disqualification of the rewards.
-Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
-Gate reserves all rights to the final explanation.
-This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the User Agreement for further details on Restricted Locations.
Gate Labs Investment Disclosure
Gate Labs did not invest in Pell Network(PELL).
Risk Warning
-The project team does not guarantee that token price will not be lower than its initial sale price. Please invest with caution, and don’t invest beyond your financial capacity.
-The crypto project is still in its initial stage, factors including the operation and underlying technology of the project, and other related regulatory activities might contribute to significant risks.
-Advanced technical and financial knowledge is required to understand, and evaluate the inherent risks of crypto-asset investment.
-The market volatility is high, and the price of a token might fluctuate drastically due to technical, regulatory, and marketing factors.
-Users may not be able to withdraw all the purchased tokens due to technical issues of the project or Gate.
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Gate Team
March 12, 2025
