According to the Gate News bot message, on September 16, 2023, the official announcement from Gate:
Gate will launch the XL1 token spot trading and start the 296th HODLer Airdrop event. This airdrop event will distribute 31,645,570 XL1 tokens to GT holders. The XL1/USDT trading pair will open for trading on September 16, 2025, at 21:00 1928374656574839201 UTC+8.
XL1 is the utility token of the XYO Layer 1 network, which is the first scalable data blockchain that brings verifiable information on-chain. The ecosystem adopts a dual-token mechanism, where XL1 is responsible for driving on-chain operations, and XYO supports the contributor network. The total supply of XL1 tokens is 38 billion, issued based on the ERC-20 standard.
Gate Labs participated in the XL1 project investment. This airdrop event will last until September 16, 2025, 19:00 ( UTC+8 ), and the airdrop tokens will be 100% unlocked and distributed.
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