CODEX 24-hour increase of 14.87%, Gate Launchpool Episode 356 distributes 955 new coins for free

Gate Launchpool Issue 356 officially kicks off, with the CodexField (CODEX) project launching. Users can stake BTC or CODEX tokens to share 955 CODEX tokens for free within three days, with 100% of the tokens unlocked immediately. Notably, CODEX has increased by 14.87% in the past 24 hours, with a current price of $34.57. This new project is attracting market attention.

Activity Mechanism and Participation Value

Core activity parameters

The core appeal of this activity lies in its zero threshold. Unlike traditional project financing, Launchpool allows users to participate without additional costs or holding specific tokens—staking either BTC or CODEX is sufficient. Rewards are distributed hourly proportionally, so the earlier you participate and the more you stake, the higher your returns.

Project Features Interpretation

CodexField is a decentralized infrastructure protocol built on BNB Greenfield and BNB Smart Chain. Simply put, it aims to turn code, algorithms, models, and technical content into on-chain assets. Developers can publish their code on the platform to obtain verifiable ownership, usage rights, and reputation. The core value of this design is that technical content can now be priced, traded, and rights-verified, opening a brand new market.

This direction is relatively unique. Most blockchain projects either focus on infrastructure or applications, but CodexField has chosen a niche—code assetization. If this concept can be realized, there is considerable potential for imagination.

Market Performance and Points to Watch

Price Trends and Market Response

CODEX has performed strongly in the short term. As of the latest data:

• 1-hour increase: 0.36%
• 24-hour increase: 14.87%
• 7-day increase: 7.91%
• 30-day increase: 8.17%

This indicates that the project has gained market attention early after launch. The 24-hour trading volume reached $13.67 million, which is not huge in the overall market but a good start for a newly launched project.

Important Details to Note

According to the latest data, CODEX has a current circulating supply of 0, a total supply of 120 million, and a fully diluted market cap of $415 million. The circulating supply being zero is unusual, suggesting that the CODEX tokens traded on the market may come from specific channels (such as the Launchpool activity itself). This means tokens obtained from participating in Launchpool could become a scarce supply in the market. However, it’s also important to recognize that if a large number of tokens are unlocked and enter circulation in the future, the price may face downward pressure.

Participation Recommendations

From a personal perspective, this activity is worth participating in but requires rational judgment. There are three reasons:

First, it’s a zero-cost participation—staking already-held BTC or CODEX involves no additional risk. Second, the project’s direction is innovative; if the code assetization concept proves successful, there is long-term potential. Third, Launchpool itself is a mechanism Gate uses to select projects, at least indicating the project has passed basic review.

At the same time, it’s important to realize that a circulating supply of zero means the project is still in very early stages, with market liquidity and price stability uncertain. Before participating, it’s best to review the project’s whitepaper and technical details rather than just focusing on price increases.

Summary

Gate Launchpool Issue 356 CodexField activity offers users a low-risk, zero-cost opportunity to participate in a new project. The innovation of the CODEX project in the direction of code assetization is worth关注, and the 14.87% increase in the past 24 hours also reflects initial market recognition. However, as a super-early project with zero circulating supply, participants should do thorough research, understand the project logic, and not chase the hype. The activity will start tonight at 20:00, and interested users can prepare their staking assets in advance.