Gate, a global leading digital asset trading platform, announced that its Launchpad platform will soon open subscriptions for its 4th project, Plasma (XPL).
The subscription period runs from Sept. 23, 2025, 13:30 to Sept. 25, 2025, 10:00 (UTC), with a total subscription of 3,000,000 XPL, at a price of 1 XPL = 0.35 GUSD.
Tokens will be distributed uniformly within two hours after the subscription ends. For the first time, Gate Launchpad introduces GUSD as the sole subscription asset. GUSD is a high-yield asset backed by Gate ecosystem revenue, U.S. Treasury RWA, and stablecoins.
Users holding GUSD automatically earn a minting APR of 4.4%. By participating in this Launchpad, users can lock in premium XPL tokens while receiving stable interest returns, achieving a “subscription + yield” dual benefit experience.
This Launchpad will continue to follow a transparent allocation mechanism. The final number of tokens each user receives depends on the proportion of GUSD they contribute to the total subscription pool.
Additionally, the platform ranks users based on their cumulative spot and derivatives trading volume from Aug. 23, 2025,16:00 to Sept. 25, 2025, 08:00 (UTC); higher trading volumes correspond to higher subscription limits. This system ensures broad user participation while rewarding loyal high-activity traders with additional allocation.
The introduction of GUSD is not merely a product-level experiment. It represents Gate’s continued innovation in the dual model of “asset yield + new token subscription”. Currently, the on-chain supply of GUSD has exceeded 171 million and is widely used across the Gate ecosystem in spot trading, Earn, and Launchpool products.
By integrating GUSD into Launchpad, the platform unifies asset security, stable yield, and new token investment, allowing users to earn continuous returns while participating in new projects, effectively amplifying overall investment value.
This innovative model further strengthens Gate Launchpad’s position in the industry. Since its inception, the platform has successfully completed three projects, all achieving remarkable results.
The first Puffverse (PFVS) subscription attracted over 35,000 participants, with a total subscription amount near 657 million USDT, oversubscribed by 938 times, becoming a market phenomenon. Subsequent projects Pump.Fun (PUMP) and Ika (IKA) continued this momentum, with participation exceeding tens of thousands and subscription funds steadily rising, demonstrating the strong appeal and industry influence of Gate Launchpad.
With the launch of Plasma (XPL) subscriptions and the first-time application of GUSD, Gate Launchpad not only provides users with a more diversified subscription experience but also sets a new benchmark for industry launch platforms through the dual-yield model. Moving forward, Gate will continue to expand user value through innovative mechanisms and high-quality projects, consolidating its strategic positioning as the “next-generation crypto exchange.”
About Gate
Gate, founded in 2013 by Dr. Han, is one of the world’s earliest cryptocurrency exchanges. The platform serves over 38 million users with 3,600+ digital assets and pioneered the industry’s first 100% proof-of-reserves. Beyond core trading services, Gate’s ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions.
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Source: https://beincrypto.com/gate-launchpad-plasma-xpl-gusd-dual-yield/
