Gate Launchpad Future Outlook: Value Explosion Under Mechanism Innovation and Ecological Expansion

As of August 1, 2025, Gate Launchpad's third phase project IKA has set a record with a total subscription amount of $348 million, and the token price reached a high of $0.03391, with nearly 20,000 users participating. This success not only highlights the market's pursuit of innovative projects but also reveals Gate Launchpad's strategic path in transforming from a simple token distribution platform to a designer of the encryption economic system. From PFVS's 450% first-day rise, PUMP's 306 times oversubscription, to IKA's dual-track mechanism experiment, the evolution of Gate Launchpad is redefining the competitive logic of the exchange ecosystem.

##Mechanism Innovation: From Capital Aggregator to Game Designer The economic experimental value of the dual-track subscription mechanism is fully manifested in the IKA project: the differentiated design of the USD1 pool (80%) and the GT pool (20%) creates a dynamic game scenario between stablecoin users and platform token holders. Subscription data shows that the investment in the USD1 pool reached 196 million tokens (approximately 196 million USD), while the GT pool only had 5.13 million tokens (approximately 94.1 million USD), reflecting that investors are more inclined to lock in risk returns with stablecoins during market fluctuations.

The deeper breakthrough lies in the time value design of the allocation rules. IKA adopts the "hourly snapshot + proportional allocation" mechanism, allowing early participants, even with smaller amounts of funds, to gain higher allocation weight based on time priority. This rule incentivizes users to lay out their plans in advance, enabling Gate to accumulate a substantial interest-free fund pool before the project starts, significantly enhancing its liquidity control capabilities.

##Platform Token GT: The Core Carrier of Ecological Value Capture The innovative mechanism of Launchpad is empowering the platform coin GT in a reverse manner:

• Scarcity premium: The ratio of the IKA GT pool is compressed to 20%, with an average yield of 220% for winning users (historical data), far exceeding the 150% of the stablecoin pool, stimulating demand for GT holding;
• Dynamic pricing arbitrage space: The subscription price of the GT pool is dynamically calculated based on the average price of the previous three days. If GT declines in the short term, investors may gain a cost advantage below the USD1 pool, creating a price stabilizer effect;
• Ecological Coordination: GT, as the unified certificate of the Gate ecosystem, has integrated scenarios such as Launchpad, trading fee deduction, and VIP rights, forming a "participation right - income right" closed loop.

##The Rise of Technical Projects: From Meme Narratives to Infrastructure Value Unlike early Meme projects, IKA marks the explosion of technology-driven assets on the Launchpad. Its core value lies in addressing the fundamental pain point of cross-chain interoperability:

• Realize cross-chain operations of native assets (such as BTC / ETH) through dWallet + 2PC-MPC protocol, avoiding the security risks of wrapped assets;
• With the high-performance chain of Sui, the signature delay is compressed to sub-second levels, achieving a throughput of 10,000 TPS, providing underlying support for DeFi and institutional-level applications;
• Has attracted more than ten ecological projects including Full Sail, Aeon, covering scenarios such as cross-chain DEX, institutional custody, and Bitcoin financialization.

The launch of such projects upgrades Launchpad from a "short-term profit platform" to an "ecological infrastructure incubator," attracting traditional financial institutions and long-term capital to enter.

##Stablecoin Strategy: The Struggle for Control of Exchange Liquidity The most notable byproduct of IKA subscription is that Gate's USD1 position has jumped to second place among global exchanges (only behind Binance):

• BSC chain holds $170 million, Ethereum chain holds $20 million, becoming the largest holder of the latter;
• USD1 is issued by World Liberty Financial, secured 1:1 by short-term U.S. Treasury bonds and cash, and its compliance attributes synergize with Gate's global licensing layout (Dubai VASP, Japan license, etc.).

This change reveals the essential evolution of competition among exchanges: the scale of stablecoin reserves has become a key indicator of liquidity control. The large accumulation of stablecoins allows Gate to compress trading spreads (the BTC / USD1 spread has decreased to 0.1%), lower borrowing rates, and thus attract higher-frequency large transactions.

##Future Path: Compliance, Cross-chain, and Institutionalization Based on the evolutionary logic of the three-phase project, the strategic direction of Gate Launchpad is clear:

1. Compliant issuance channel: Relying on licensing resources from over 10 countries worldwide, providing fiat deposit and withdrawal support for regulated assets (such as RWA Token);
2. Multi-chain asset compatibility: Integrated IKA-style MPC technology, supporting direct subscription of native assets such as BTC/ETH, breaking through the boundaries of the EVM ecosystem;
3. Institutional-level service module: Combining Gate's 100% reserve proof and zero-knowledge proof audit to provide white-label Launchpad access for hedge funds.

The ultimate battlefield of exchanges is not in trading depth, but in the discourse power of asset issuance rights—Gate Launchpad is quietly reconstructing the underlying rules of encryption value distribution by incorporating project parties, investors, and stablecoin issuers into a symbiotic system through mechanism design.