According to the Gate News bot, Gate's official announcement states that Gate will launch XL1 Token spot trading and start the 296th HODLer Airdrop activity. This airdrop event will distribute a total of 31,645,570 XL1 Tokens to GT holders. The event will last until September 16, 2025, 19:00:( UTC+8. The XL1/USDT trading pair will open for trading at 21:00 on the same day. XL1 is the utility token of the XYO Layer 1 network, serving as the native token of the first scalable data blockchain. The project adopts the ERC-20 standard, with a total supply of 38 billion coins. XL1 is primarily used to pay for gas fees and transaction fees, and supports smart contracts, decentralized applications, and validator rewards. Gate Labs has participated in the investment of the XL1 project.