💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
Parachain Polkadot Phala votes to fully transition to Ethereum L2
The Phala parachain network of Polkadot will transition to become a Layer 2 on Ethereum after the community approves the proposal to expand computing capacity for enterprise customers. According to the announcement, Phala token holders (PHA) will receive a new ERC-20 version at a 1:1 ratio, with the conversion process starting before November 20. Staking, rewards, and governance activities will continue seamlessly on the new platform.
Phala, a decentralized cloud computing network supporting AI, stated that transitioning to Ethereum would enhance scalability, security, and leverage a more robust EVM ecosystem. This proposal was submitted on September 27, arguing that maintaining a parachain on Polkadot would hinder development and consume many resources. Currently, the PHALA token has a market capitalization of approximately 80.6 million USD, ranking among the top 50 largest AI-related cryptocurrencies, according to data from CoinGecko.