Gate.io has launched its own token, Sophon (SOPH), with a focus on expanding its blockchain ecosystem and engaging users through entertainment applications. The launch takes place on Gate.io’s Launchpool, signifying a significant step for the platform in integrating technology with consumer experiences. This new token launch is accompanied by staking opportunities and an airdrop program for existing users. Institutional investors have contributed over $70 million to bolster the project’s credibility, signaling confidence in its potential. Key figures within the crypto community are actively participating through Gate.io’s HODLer campaign, which will see 24 million SOPH tokens allocated to token holders. Partnerships with other exchanges like MEXC amplify this initiative, expanding reach and user engagement. The launch promises increased liquidity for SOPH on Gate.io and potentially triggers market fluctuations in related exchange tokens such as GT.