Gate News bot news, according to the Gate platform announcement on October 7, 2025:
Gate will launch Pipe Network on October 8, 2025, at 23:00 UTC+8, with the trading of ( PIPE) spot market and will open the 329th Launchpool project. This airdrop event will distribute 500,000 PIPE tokens from October 7, 2025, 14:00 to October 12, 2025, 14:00, and users can participate by staking GUSD or ETH.
Pipe Network is a decentralized super cloud project that integrates CDN, storage, and AI inference capabilities. This project is developed on the Solana chain, with a total token supply of 1 billion, and the contract address is 7s9MoSt7VV1J3jVNnw2AyocsQDBdCkPYz5apQDPKy9i5. The token distribution includes 33% for the community, 20% for venture capital, 17% for core contributors, 10% for the ecosystem, 10% for node operators, and 10% for angel investors.
Airdrop rewards will be distributed to the spot account every hour based on the proportion of users' staked assets. Users with VIP 5 and above can enjoy a maximum of 500% staking limit bonus rights. Gate Labs declares that it has not participated in the investment of the Pipe Network project.