Gate News bot message, according to the official announcement from Gate on July 10, 2025:
Gate will launch the Velvet (VELVET) project mining activity on Launchpool. The activity will take place from July 10, 2025, 20:00 to July 15, 20:00 ( UTC+8, with a total mining reward of 500,000 VELVET tokens. Users can participate in mining by staking ETH or VELVET, and the system will distribute rewards to users hourly based on the staking ratio.
Velvet is a DeFAI operating system focused on simplifying on-chain research, trading, and portfolio management. The project has launched on multiple chains including BNB Chain, Base, Solana, Ethereum, and Sonic, with over 100,000 users. The platform integrates a multi-agent AI Co-Pilot feature, allowing users to discover and execute investment opportunities through natural language. Currently, there are over 10,000 vaults created by KOLs, traders, and crypto hedge funds.
It is worth noting that Gate Labs has participated in the Velvet )VELVET( project investment.
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