Gate Launchpool Episode 359 launches Echelon(ELON), stake USD1 or ELON to share 350,000 ELON tokens for free.

Gate News bot message, according to the official Gate announcement on February 4, 2026

Gate Launchpool will open the 359th project, launching an airdrop event for the Echelon (ELON) token. Users can participate by staking USD1 or ELON tokens. A total of 350,000 ELON tokens are available for distribution, with airdrop rewards automatically distributed to spot accounts every hour.

The mining period is from 20:00 on February 4, 2026, to 20:00 on February 25, 2026 (UTC+8). All rewards are 100% unlocked immediately. The staking cap for the USD1 pool will be determined based on users’ trading volume over the past 60 days, calculated using spot trading volume, futures trading volume (weight 40%), and options trading volume (weight 5%). Participants must meet a minimum trading volume requirement of 60,000 USD. The system will distribute rewards hourly based on each user’s staking proportion.

Echelon Market is a decentralized non-custodial lending protocol designed for the Move programming language, deployed on the Aptos, Movement, and Initia networks, providing users with over-collateralized loan solutions. Gate Labs did not participate in the investment of this project.