According to @EmberCN, Gate Startup has announced an exciting new initiative involving a $1 million Powerloom (POWER) token pool. The program offers two primary opportunities for $GT token holders: an airdrop and a new coin mining feature. The airdrop is available to those holding at least 10 $GT tokens, allowing them to share in a pool of 869,565 POWER tokens, valued at $200,000 USD based on a price estimate of $0.23 per POWER token. This distribution is proportional to the $GT holdings, offering a direct incentive for existing token holders to maintain or increase their holdings in anticipation of the airdrop, which is a common strategy to increase liquidity and interest in the new token. The airdrop will be distributed based on a snapshot of $GT holdings, ensuring fair distribution among eligible participants.

The second opportunity comes in the form of new coin mining, where participants can stake $GT or $USDT to earn a share of a 3.478 million POWER token pool, valued at $800,000 USD. The current annualized yields are reported to be 36% for USDT mining and 22% for $GT mining, providing competitive returns compared to other staking options. This initiative is particularly attractive to active traders and investors looking to diversify their portfolios with potentially high-yielding staking rewards. The mining event is set to last for seven days, offering a limited-time opportunity to maximize returns. This strategy not only encourages liquidity in the POWER token but also reinforces the utility of $GT and $USDT within Gate's ecosystem.

New users who registered after January 4, 2025, are eligible for a special USDT novice pool with an annualized yield of 143%, which is significantly higher than the standard rates. These users can invest up to 20,000 USDT, potentially earning up to $400 in seven days. This promotion aims to attract new users to the platform, increasing overall user engagement and expanding the user base. Gate's strategy of offering dual benefits to $GT holders—both through the airdrop and mining—enhances the attractiveness of holding $GT, as participants can benefit from both initiatives simultaneously. Such strategies are effective in fostering user loyalty and maintaining high levels of trading volume, crucial for a vibrant trading ecosystem.

Source: @EmberCN, January 8, 2025.