edgeX Receives 50 Million USDC Ahead of EDGE Token Generation Event

According to Gate’s official announcement, the exchange will list edgeX (EDGEX) spot trading on March 31 and run a Launchpool reward event through April 7, adding a concrete market rollout update for the project.

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Summary

Gate officially announced it will list edgeX (EDGEX) for spot trading on March 31 and launch a Launchpool distributing 428,571 EDGEX tokens. The event will run from March 31 to April 7, and users can participate by staking BTC, ETH, or GUSD. Gate also said GUSD minting APR is currently 3.3%. This adds a new exchange-listing and token-distribution update to the existing edgeX topic, which previously noted that edgeX had received 50 million USDC ahead of its EDGE token generation event.

Terms & Concepts
  • Launchpool: A token distribution program that lets users stake selected assets to earn newly offered tokens over a set period.
  • APR: Annual percentage rate, a standardized yearly yield figure used to show the return offered on staked or deposited assets.
  • GUSD: Gemini Dollar, a U.S. dollar-backed stablecoin designed to maintain a 1:1 peg with the dollar.