Gate.io, one of the leading cryptocurrency exchanges, has announced the launch of the CandyDrop event where participants can win 140,112 SHM. This event aims to increase trading and liquidity activities on the platform.
Participation Conditions for Airdrop
To participate in the airdrop, users must trade at least 50 USDT of SHM in the spot market or 500 USDT in contract markets. Participants can also earn additional SHM rewards by staking GateToken and Ethereum through the Launchpool.
Impact of the Event on the Market
The event is designed to stimulate activity around SHM, which could boost TVL and liquidity in related crypto pairs. Derivatives trading with up to 20x leverage for SHM has been introduced, which may increase interest in the token.
History of Previous Airdrop Events
Past airdrop events on Gate.io have led to surges in token activity and trading volume. Analysis shows that strategies aligned with staking and trading thresholds have contributed to the success of similar initiatives.
The announcement of the new airdrop from Gate.io may lead to increased user participation in the cryptocurrency space, which, in turn, will impact token prices and liquidity levels.
