Gate Launchpad Historical Sale Project Review and Future Outlook

As of August 21, 2025, Gate Launchpad has successfully completed the issuance of three major projects - Puffverse (PFVS), PUMP, and Ika (IKA) - since its relaunch in May of this year. These projects not only achieved remarkable market performance but also revealed a new logic in the encryption asset issuance market.

##History of Issuance Projects Review: The Evolution of Three Iterations

First battle successful: Puffverse (PFVS) small-scale high-explosion experiment

In May 2025, Puffverse (PFVS) became the first project after the relaunch of Gate Launchpad, pioneering with its exquisite design. The project is positioned as a "Disney-like 3D metaverse," with a development team from companies such as Alibaba and Xiaomi, and has received investment from top institutions like Animoca Brands and HashKey.

Its core data validates the feasibility of the "retail-friendly model":

• The total token supply is only 10 million, with a subscription price of 0.07 USDT.
• Attract 35,553 participants, with a total investment of 656 million USDT (over-subscribed by 938 times)
• The subscription amount exceeded 20 million USDT within 5 hours of launch.
• The increase on the first day of launch reached 450%

The success of PFVS proves the high explosive potential of small-scale projects, laying the first cornerstone for subsequent mechanism innovations. It acts like a delicate fuse, igniting market attention on the restart of the Launchpad.

Path Switching: PUMP's High Throughput Persistence Verification

Two months later, the PUMP project switched its strategy path to explore market boundaries with a completely different design:

• The total supply of tokens has expanded to 2.5 billion, with the unit price dropping to 0.004 USDT.
• Create an industry record with 306 times oversubscription
• After going online, the average daily trading volume stabilized at 120 million USDT.

Unlike the "high surge" of PFVS, the core value of PUMP lies in verifying the durability and market depth of high circulation projects. Its stable trading performance shows that Launchpad projects can both pursue explosive growth and build a long-term liquidity foundation.

Mechanism Transformation: IKA's Dual-Track System and Stablecoin Strategy Upgrade

The real evolution happens in the third phase of the IKA project. From July 26 to 29, 2025, Gate will introduce the dual-track subscription mechanism of USD1 and GT for the first time:

• 80% allocation of stablecoin USD1 pool (fixed price: 1 IKA = 0.025 USD1)
• 20% of the quota is reserved for the platform token GT pool (dynamic pricing, arbitrage opportunities depend on GT price fluctuations)

The market reaction reveals a profound risk aversion preference:

• The total number of participants is nearly 20,000, with a total subscription amount exceeding 348 million USDT.
• USD1 pool exclusive 228 million, GT pool only 5.13 million GT
• The capital ratio is close to 4:1

The deeper impact lies in the shift of the funding pool war logic of exchanges: after IKA initiated the subscription, 190 million USD1 flowed into Gate through the BSC chain within 72 hours, propelling its total USD1 holdings to the second highest among global centralized exchanges, second only to Binance.

These deposited funds become the exchange's "zero-cost fund pool", which can enhance spot liquidity (e.g., the BTC/USD price spread narrows to 0.1%) or support lending activities.

Another breakthrough of IKA is the "hourly snapshot + proportional allocation" rule. The system calculates the distribution of tokens based on the average locked amount of users per hour, clearly emphasizing that "the earlier you subscribe, the higher the returns."

##Gate Ecosystem Synergistic Growth

The success of Launchpad directly drives the growth of the entire Gate ecosystem:

• Gate Alpha: Launched nearly a thousand on-chain assets, attracting hundreds of thousands of trading users.
• P2P business: Covers 80 countries with over 50 fiat currencies, more than 450 payment channels, and a month-on-month conversion rate increase of 5.7%
• Institutional Business: The number of users increased by 27% month-on-month, and contract trading volume rose by 33.59%

The transparency report for July 2025 shows that the user base of Gate exchange has surpassed 34 million, with derivatives trading volume soaring to 74 billion USD, a year-on-year increase of 46.5%. The total reserve size reached 10.504 billion USD, with a total reserve ratio of 126.03%, and excess reserves grew by 10.66% in the quarter, reaching 2.17 billion USD.

##Future Outlook: Building a New Moat through Triple Evolution Directions

Based on the accumulation of the three-phase project, the evolution trajectory of Gate Launchpad has become clear:

1. Mechanism Refinement: A dual-track system may become the standard configuration, and the time-weighted rules will more accurately balance the interests of large and small investors. In the future, more asset types (such as LST) may be introduced or the ratio may be dynamically adjusted to further optimize the allocation mechanism.
2. Stablecoin Ecologization: USD1 will expand from a subscription tool to a trading pair benchmark and lending collateral, forming a closed-loop financial ecosystem. Glassnode predicts that by 2026, the total holdings of exchange stablecoins will exceed 200 billion USD.
3. Global Compliance Deepening: Relying on the compliance network of more than 10 countries such as the Dubai VASP license, focusing on expanding the incremental markets in the Middle East and Southeast Asia. Gate has obtained licenses from multiple countries including Lithuania and Japan, continually expanding its compliance landscape.

The competition among exchanges has shifted from trading volume to the scale of capital pools. When platforms like Binance scale back their Launchpad operations, Gate has transformed a regular token issuance into a capital migration of $196 million through its dual-track system.

As the number of users surpasses 35 million, with reserves exceeding 10 billion USD and a compliance network covering more than 10 countries, this exchange, now ranked Top 3 globally, has quietly built a real moat. In the evolutionary prism of Launchpad, the historical process of the crypto economy transitioning from chaotic revelry to mechanized operation is reflected.