GateToken Surges on Gate Launchpool Campaign
The recent price surge of GateToken (GT) by 6.09% over the past 24 hours can be attributed to the launch and promotion of Gate Launchpool #372.
This campaign allows users to stake GT, alongside USDT and ALIGN, to earn ALIGN rewards. The launch of this program increases GT's short-term utility, encourages staking and temporary supply lock-up, and is being actively promoted on X to both existing and potential Gate users.
The promotion has been effective in increasing attention and interest in GT, with many posts emphasizing '躺赚模式' / 'passive income' and 'let assets work for you,' framing GT staking as a low-effort yield strategy rather than an active trade.
The campaign's impact is not limited to existing Gate users; it has also attracted new users who hold mainly USDT, who might choose the GT pool for its perceived upside or to diversify, which in some cases means buying GT first.