🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Lock-up Position Token holders suffered heavy losses over 12 months, with OTC prices falling by 50% compared to Spot.
According to Gate.io News bot, Taran, the founder of the crypto OTC trader STI, disclosed that lock-up position token holders have suffered significant losses in the past 12 months. Data shows that OTC prices have fallen by an average of 50% compared to spot prices.
During the same period, Bitcoin rose by 45%. Additionally, with the value loss of liquidity, Lock-up Position Token holders bear an extra opportunity cost of 31%.
Taran pointed out that over 40 billion USD worth of Lock-up Position altcoins will be unlocked in the future. Sellers need to bear a 50% discount when exiting through OTC. As the lock-up period for most Tokens ends in 2025, the shortening of the vesting period is leading to a decrease in the extent of discounts.
Source: Wu Shuo