Odaily Planet Daily reported that Elys Network will be launched on Gate Startup from December 15, 22:00 to December 17, 18:00 (UTC+8). During the initial launch period, participating users can share a total of 237,500 ELYS tokens, with trading opening on December 17 at 22:00 (UTC+8).
As a Layer 1 application chain focused on DeFi infrastructure within the Cosmos ecosystem, Elys Network provides users with a one-stop cross-chain asset management platform through innovative chain abstraction and wallet abstraction technologies. The platform's testnet has accumulated 2.40 million independent wallets and 300 thousand monthly active users.
To accelerate ecosystem development, Elys Network will also launch a Bootstrapping plan lasting 1 to 3 months, offering users up to 93.75% APR in EDEN token rewards and dual earnings in USDC. Users can participate in ecosystem construction through various features such as spot trading, perpetual contracts, liquidity mining, and staking.