XL1(XL1) will be launched on Gate, and holders of GT can share in the 31.64 million Airdrop rewards.

According to the Gate News bot message, on September 16, 2023, the official announcement from Gate:

Gate will launch the XL1 token spot trading and start the 296th HODLer Airdrop event. This airdrop event will distribute 31,645,570 XL1 tokens to GT holders. The XL1/USDT trading pair will open for trading on September 16, 2025, at 21:00 1928374656574839201 UTC+8.

XL1 is the utility token of the XYO Layer 1 network, which is the first scalable data blockchain that brings verifiable information on-chain. The ecosystem adopts a dual-token mechanism, where XL1 is responsible for driving on-chain operations, and XYO supports the contributor network. The total supply of XL1 tokens is 38 billion, issued based on the ERC-20 standard.

Gate Labs participated in the XL1 project investment. This airdrop event will last until September 16, 2025, 19:00 ( UTC+8 ), and the airdrop tokens will be 100% unlocked and distributed.