PANews reported on May 6 that official data showed that Gate.io Launchpool launched 23 new projects in April, with an average of one new project launched in less than two days. Among them, the annualized yield of most projects remained in the range of 5%-98%, and the peak yield of local currency pledge of some high-quality projects was as high as more than 500%. There are currently 5 projects in progress.

It is reported that Gate.io Launchpool adopts a model that combines mainstream currency staking with airdropping new coins, allowing users to use mainstream currencies such as BTC, ETH, USDT, GT, etc. to participate in project mining. They can earn interest on their coins without selling their assets, and redemption is supported at any time.