Pell Network, which was developed with BTC Restaking Service Network (DVS), announced that Pell was officially listed on Bybit, Gate.io and Mexc stock exchanges on March 13th at 13:00 of the local Altcoin project Pell. In addition, the Bybit stock exchange will launch the Pell Launchpool project. Users will be able to participate in this pool by stak Pell, MNT or USDC. A total of 20 million Pell award pools will be offered and the stake process will continue from March 13 at 18:00 to March 20 at 18:00.
New Altcoin project Pell has received many investments
Pell Network is listed today in Bybit, Gate.io and Mexc. In October 2024, Mirana Ventures, Paper Ventures and Halo Capital completed a 3 million dollar pre-seed investment tour. In January 2025, with the support of various well -known investment organizations, it provided a strategic financing of $ 3.5 million. In addition, a funding process of $ 1.5 million was experienced within the scope of IDO (Initial Dex Offfering) on the Xlaunchpad, and this process received more than 480 %demand.
Supported by Mirana, Paper Ventures and Halo Capital, Pell Network also announced the $ Pell Token economy and AirDrop details. Total Supply: 2.1 billion Pell Initial Circulation Supply: 336 million Pell (16 %of the total supply). Token distribution was determined as follows:
- Community: 25 %
- Ecosystem Development: 22 %
- Dao Treasury: 18.33 %
- Investors: 16.67 %
- Team: 15 %
- Public sales: 3 %
Pay attention to stinging and community tasks
The amount allocated for Airdrop corresponds to 25 %of the community fund. Since Pell Network has previously regulated many task events, Airdrop distribution addresses are expected to be quite high. This may cause some difficulties in preventing identity fraud. Pell allows users to earn Pell points through community tasks and stinging tasks. Staging tasks:
- 0.001 BTC 7 days Stake: 350 Points
- 0.01 BTC 14 days Stake: 300 Points
As an important detail, there is a 7 -day waiting time to retreat the stacked assets. Pell Network’s Token Economy and Airdrop announcement are considered as an unexpected development, while especially as a strategy to prevent rival Restaking protocols such as Bedrock. Pell’s support for multiple blockchain and integration with different token species allows users to win awards in various ways. Stake transactions are generally stated that the multiplier rates vary between 1x and 1.25x, while Mantle’s FBTC (1.5x) or Bedrock’s UNIBTC offers a higher multiplier.
