Gate News bot message, according to the Gate platform announcement on July 10, 2025:
Gate will launch the Velvet token mining activity on Launchpool from July 10, 2025, 20:00 to July 15, 2025, 20:00 ( UTC+8 019283746656574839201. Users can earn VELVET token rewards by staking ETH or VELVET, with a total mining amount of 500,000 VELVET.
Velvet is a DeFAI operating system that focuses 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 multi-agent AI Co-Pilot functionality, allowing users to discover and execute investment opportunities through natural language.
Gate Labs has participated in the investment of the Velvet )VELVET( project. The system will distribute rewards to users' spot accounts every hour based on the proportion of the user's staked assets, and the rewards obtained will be 100% unlocked.