Gate News Bot Message, December 30th, according to CoinMarketCap data, as of press time, POWER (Power Protocol) is trading at $0.36, up 10.17% in the past 24 hours, with a high of $0.41 and a low of $0.21. The 24-hour trading volume reached $13.3 million. The current market capitalization is approximately $75.2 million, an increase of $6.95 million compared to yesterday.
Recent Important News about POWER:
1️⃣ Gate Launchpool Staking Mining Continues to Drive Engagement
Gate Launchpool’s 349th campaign started on December 17th and runs for 10 days until December 27th, with a total of 280,000 POWER tokens allocated for airdrop distribution. Users can stake USDT, GUSD, and POWER assets to participate in mining. The system distributes rewards hourly based on the proportion of staked assets to spot accounts. This type of staking activity attracts capital inflow through economic incentives, expanding the token’s participation base within the platform, providing price support, and the new user experience coupon rewards further broaden the ecosystem engagement.
2️⃣ Platform’s First Liquidity Advantage and Official Ecosystem Incentives Create Sustained Momentum
POWER was launched on the Gate platform on December 11th, marking its global debut for spot trading, providing an official recognized trading channel and ample liquidity. Within two weeks of launch, POWER maintained a top-three ranking in market heat, and through the GT holder HODLer Airdrop plan (105,000 POWER tokens), the token holder base was expanded. The liquidity advantage from the platform’s debut combined with official ecosystem incentives has created ongoing market attention and support.
3️⃣ Application Ecosystem Deployment and Top-tier Institutional Endorsements Strengthen Fundamentals
Power Protocol is positioned as an incentive layer protocol that converts user behavior and application revenue into on-chain rewards, connecting Web2 applications to Web3. The protocol was launched alongside the Fableborne game application, which is among the first Web3 mobile games to achieve mass-market metrics and has received support from industry leaders such as Delphi, Spartan, Mechanism, and Sky Mavis. Clear progress in application deployment and top-tier institutional endorsements provide tangible recognition of the project’s practical value, boosting market confidence in its long-term development prospects.
This message is not investment advice; please be aware of market volatility risks.
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