Good afternoon, ladies and gentlemen, let's talk about Pell Network (PELL).

PELL will launch Gate.io spot trading on March 13, 2025, and start staking mining activities, where users can share 7.02 million PELL rewards by staking PELL, GT, and BTC, of which the PELL mining pool is expected to have an annualized rate of 760.42%. In the early stage, the TVL exceeded 200 million US dollars within three weeks of the project's pre-launch, and the number of independent addresses reached 410,000. However, after the opening surge, the price has continued to fall in the past few days, and there is no sign of stabilization and recovery.
Pell Network (PELL) is a general-purpose secure network built based on Bitcoin restaking, aiming to empower the full-chain AVS (Active Verification Service) ecosystem by sharing the security of Bitcoin. Through the integration of cross-chain atomic communication and ZK-Rollup technology, the project team solves the problem of decentralized Bitcoin liquidity, supports a variety of staking forms (such as native BTC, LSD, LP tokens, etc.), and has reached cooperation with more than 10 networks such as BNB Chain, Bitlayer, and MerlinChain.
As the core project of the BTCFi (Bitcoin DeFi) track, Pell Network unlocks the trillions of liquidity of Bitcoin through the full-chain AVS network, and its TVL rapid growth and ecological expansion (such as testnet activities and node operator cooperation) may drive token demand. In the short term, staking activity (which lasts until March 25) may maintain the popularity of the token; It is necessary to pay attention to the competition and regulatory risks of the BTCFi track in the long term, but its technical architecture and cooperation network provide it with differentiated advantages. The relevant links are as follows, if you are interested, you can click to view:
1. Spot trading link: https://www.gate.io/trade/PELL_USDT
2. Staking Mining Rewards: https://www.gate.io/launchpool/PELL?pid=237
3. Event Trading Benefits: https://www.gate.io/announcements/article/43851
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