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Avalon Labs
Launchpool on Gate
Past
22 Feb - 27 Feb 2025
Avalon Labs provides a seamless platform where users can use $BTC for lending, staking, and other decentralized financial opportunities. There are some tools such as the ability for users to access $BTC-backed stablecoins, cross-chain lending, and the CeDeFi lending platform with fixed interest rates. It is powered by the native $AVL token, which is utilized for governance votings and accessing various platform features.
On February 22nd, 2025, Avalon Labs introduced a launchpool event on the Gate exchange where users can stake $AVL and $BTC to earn rewards in real-time.
CoinLaunch Score:
Last update:
Medium
25 Feb 2025
Avalon Labs - Launchpool on Gate Overview
start date:
22 Feb 2025
end date:
27 Feb 2025
Reward Distribution:
27 Feb
More about Avalon Labs
Reward
N/A
Reward Pool:
56000
Winners:
N/A
How to join Avalon Labs - Launchpool on Gate?
To participate in the Avalon Labs ($AVL) Launchpool on Gate.io, you need to log in or create an account on Gate.io, complete KYC verification if you haven’t done so yet, and ensure you have one of the eligible assets in your balance: $AVL or $BTC.
Starting from the launch of the event, you can stake these assets into separate pools:
1. BTC Pool:
- Total Rewards: 145K $BTC;
- Minimum Staking Amount: 0.000001 $BTC;
- Maximum Staking Amount: 30 $BTC.
2. AVL Pool:
- Total Rewards: 30K $AVL;
- Minimum Staking Amount: 0.5 $AVL
- Maximum Staking Amount: 30K $AVL.
The rewards are distributed among participants based on their share of the total staked amount in the specific. The more you stake relative to others, the more you earn.
The system will take several snapshots of hourly individual bet amounts, and take the average bet amount as the actual bet amount. Token rewards will be distributed to users every hour. Users can stake in both $AVL and $BTC pools simultaneously to earn separate rewards.
Find more details about allocations in the Gate blog post.
Once you are done with staking, you will start earning a share of rewards from a specific staking pool, which depends on your staking share. The Launchpool event will run for 5 days, and since it's a post-listing event, you can sell your $AVL tokens once you received them.
Good Luck! 🍀
Step-by-step Guide
Log in or create an account on Gate;
Complete KYC verification if not done yet;
Visit the Gate launchpool page for Avalon Labs;
Stake your $AVL or $BTC in the relevant pool;
Earn $AVL rewards hourly based on your stake share;
Receive your tokens.
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