Gate.io To List PUFFER For Trading And Launch Token Mining On October 14

Printed: October 11, 2024 at 7:25 am Up to date: October 11, 2024 at 7:25 am

Edited and fact-checked:
October 11, 2024 at 7:25 am

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Gate.io plans to listing Puffer Finance’s token and host a mining occasion, permitting customers to stake GT or PUFFER to earn challenge tokens.

Gate.io To List PUFFER For Trading And Launch Token Mining On October 14

Cryptocurrency alternate Gate.io introduced that it’ll listing Puffer Finance‘s PUFFER token, with buying and selling set to start at 20:00 UTC+8 on October 14th.

Alongside the itemizing of PUFFER for buying and selling, Gate.io can even host a PUFFER mining occasion on its Startup Mining platform. It’ll present customers with the possibility to earn challenge tokens as rewards by staking both GT or PUFFER. A complete of 1.5 million PUFFER shall be allotted for this marketing campaign, which is scheduled to begin at 20:00 UTC+8 on October 14th and proceed till 20:00 UTC+8 on October twenty first.

Startup Mining is a brand new platform that enables customers to have interaction in staking or offering liquidity whereas incomes new challenge tokens as rewards. By staking designated tokens, customers can take part within the early phases of initiatives and earn token rewards.

Notably, the PUFFER mining occasion will incorporate the newest “Multi-Mining” characteristic of Startup Mining. It allows customers to generate a number of new token rewards by holding a single asset throughout totally different staking swimming pools concurrently. This strategy permits customers to handle their belongings extra successfully and flexibly, enhancing their incomes alternatives and maximizing their returns. Presently, Startup Mining helps “Multi-Mining” for GT holders.

What Is Puffer Finance?

It has emerged as a key innovator in Ethereum infrastructure, specializing in superior rollup options often called Based mostly Rollups, that are supported by liquidity restaking (LRT) and pre-confirmation know-how AVS. Via merchandise like Puffer UniFi Rollup and Puffer UniFi AVS, the challenge goals to assist the decentralization of Ethereum whereas sustaining credible neutrality.

PUFFER is a governance token of Puffer Finance that can allow the group to participate in governance selections, equivalent to setting protocol parameters, figuring out charges, and establishing safety measures.

The whole token provide is 1 billion, and its preliminary provide of 102.3 million. The distribution plan contains 40% allotted for ecosystem and group initiatives, 13% for airdrops, 1% for Ethereum core improvement, 20% for early contributors and advisors, and 26% for traders.

Just lately, Puffer Finance has introduced plans to conduct PUFFER airdrop, with a claiming window set to open subsequent week.

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Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.