Through its innovative BTC restaking technology, Pell Network has built a fully decentralized validation service network across multiple chains, bringing breakthroughs in BTCFi and crypto-economic security. By integrating with DeFAI, PELL not only enhances capital efficiency but also provides developers with a high-performance and secure validation service platform.
PELL Token: Revolutionary BTC Restaking Technology
Pell Network has pioneered a decentralized validation service network powered by BTC restaking, an innovation that is transforming how we perceive Bitcoin’s potential. With BTC restaking, PELL tokens boost capital efficiency for stakers. They also offer developers an efficient, secure, and cost-effective way to build validation services. The current trading price of PELL tokens on Gate.io is $0.00963 PELL/USDT.
The core advantage of the PELL token lies in its unique BTC restaking mechanism. Traditional staking models lock assets within a single network, but PELL allows users to extend Bitcoin’s security to other blockchain networks while preserving its original value. This novel approach maximizes Bitcoin’s utility and injects new energy into the entire crypto ecosystem.
The Decentralized Validation Service (DVS) provided by Pell Network is its most notable technological breakthrough. This service enables developers to deploy and run validation nodes across multiple blockchains without the need to maintain separate infrastructures for each chain. It significantly reduces development and operational costs while improving the security and efficiency of the entire network.
Key Advantages of Pell Network’s DVS Service
- True Cross-Chain Interoperability: Facilitates seamless interactions between different blockchain networks.
- Scalability & Performance: Combines centralized management with decentralized validation to enhance network scalability.
- Unified Developer Platform: Developers can “build once, deploy on multiple chains,” simplifying blockchain application development.
This innovative validation service model has already attracted significant attention. According to Pell Network’s official data, more than 100 projects have adopted its DVS service since launch, spanning DeFi, NFTs, and gaming sectors. It demonstrates Pell Network’s leading position and immense potential in decentralized validation services.
How to Stake PELL Tokens on Gate.io Launchpool?
Gate.io Launchpool provides users with a convenient platform to stake PELL tokens and earn additional rewards. The staking process is relatively straightforward but requires attention to key steps.
Step-by-Step Guide to Staking PELL on Gate.io:
- Log into Gate.io and ensure your account has sufficient PELL tokens.
- Navigate to the “Earn” section and select “Launchpool.”
- Find the PELL staking project and click the “Stake” button.
- Enter the amount of PELL tokens you want to stake and carefully review the staking terms.
- Click “Confirm”, enter your fund password, and complete the staking process.
The system takes multiple snapshots of your staked amount per hour, allowing users to increase their stake anytime. However, maintaining a stable staking amount is recommended for consistent mining rewards.
Once staking is complete, users can check their mining rewards under “Reward History”. The expected annualized yield for PELL staking on Gate.io Launchpool is up to 760.42%, making it an attractive earning opportunity for PELL holders. However, investors should note that high returns often come with high risks, and a thorough risk assessment is advised before staking.
Additionally, Gate.io offers GT and BTC staking pools to earn PELL token rewards, with expected annual yields of 29.59% and 12.31%, respectively. These diversified staking options cater to investors with different risk appetites. Users can also participate in the Gate.io Startup program to receive free airdrops of promising new tokens.
Unlocking Bitcoin’s Potential: BTCFi in Crypto-Economic Security
Bitcoin Finance (BTCFi) is an emerging concept rapidly transforming the crypto economy’s security landscape. Pell Network extends BTCFi into crypto-economic security, unlocking Bitcoin’s untapped potential. It not only enhances Bitcoin’s usability but also delivers unprecedented security benefits to the broader crypto ecosystem.
BTCFi applications expand Bitcoin’s use cases and elevate crypto-economic security to new levels. According to Pell Network’s research, projects leveraging BTCFi technology reduce security incidents by over 50%, significantly strengthening the industry’s overall stability.
Conclusion
With its revolutionary BTC restaking technology, the PELL token is reshaping the crypto ecosystem. Pell Network’s decentralized validation service (DVS) enhances capital efficiency and provides developers with unparalleled convenience. Additionally, BTCFi applications in crypto-economic security and the development of DeFAI infrastructure further highlight PELL’s innovative potential. These groundbreaking advancements signal a new era of growth for the crypto economy.
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