The L2 Savior on Ethereum? --- Let’s Navigate Eclipse on Gate

Written in advance: Gate has launched the star project Eclipse and started the ES launchpool and the 11th phase of the Alpha ES special event, bringing plenty of mid-year benefits. Let's talk about the prospects of Eclipse and how to maximize gains in these two activities 💰💰💰

✨Project Highlights - A synthesis of the advantages of ETH and SOL
Eclipse is the first chain to deploy SVM (Solana Virtual Machine) as layer2 on Ethereum. It provides developers with a single, powerful environment to develop dApps capable of handling massive user loads. Its main technical highlights are threefold:
1. As the only Ethereum layer 2 that operates using the Sol virtual machine, its unique architecture utilizes Sol's parallel execution mechanism to process transactions while settling on Ethereum, allowing users to access applications on Ethereum at extremely low costs and delays.
2. By accessing multiple ecosystems, a modular architecture is built, which has superior advantages in the three architectures of "execution layer - settlement layer - data availability."
--Execution Layer: Solana's parallel processing (SVM) achieves high throughput (thousands of TPS)
-- Settlement Layer: Ethereum ensures security
--Data Availability: Celestia provides off-chain data support.
3. Built-in Interoperability: Eclipse includes a native bridge connecting Ethereum, Solana, and Eclipse with very low fees, allowing you to freely move assets between these major ecosystems without using a third-party bridge. Gas fees are even below $0.01.
  
✨Token Economic Model
The ES token serves as the universal token for the Eclipse project, with a total supply of 1 billion. The specific allocation is as follows: airdrop + liquidity 15%; ecosystem development 35%; team contributors 19%; early investors 31%. Among these, only the tokens from the airdrop + liquidity are released instantly, which is the selling pressure currently faced by exchanges.
As a layer 2 token, ES incorporates a rich consumption mechanism throughout its main functions, ensuring an annual deflation rate of around 3%, for example:
--Fee Payment: Pay transaction fees and the use of premium features, of which 30% of the fees are automatically burned.
--Project ecological governance: Holding more than 100,000 coins allows participation in voting to decide on protocol upgrades, MEV distribution, etc.
--Ecosystem Access: Use ES in Eclipse dApp and services
--Staking: Earn economic benefits through staking

✨ ES Investment Market Analysis -- Short-term selling pressure may end, rebound is promising
Like other new coins with a large initial circulation, ES has experienced continuous selling pressure from airdrop profit takers after its launch, with the market price retreating from 0.4u to around 0.26u currently. However, the spot trading volume continues to shrink, indicating that the short-term selling pressure will soon come to an end.
In the short term, the 4-hour chart has broken through the resistance of MA10, suggesting that a rebound may be brewing. Currently, ES is listed on 21 exchanges, including Gate, with relatively abundant liquidity. In particular, the ES launchpool and Alpha points festival activities initiated by Gate have attracted a substantial amount of traffic to ES.
In the medium to long term, considering that Bitcoin and Ethereum are both in a new bull market with ample funds, ES will also benefit from this. Additionally, the world-class founding team members (such as CEO Vijay Chetty: former head of Uniswap and dYdX business, with a BlackRock background) have rich experience in both the Web3 and traditional finance sectors. The project has a strong technical barrier, and it is not impossible for it to experience a wave of daily or even weekly level increases. If the team can leverage the GSVM unicorn technology and continue to innovate in the layer2 field, the valuation may reach new heights.
Of course, the competition in the layer 2 field is currently very fierce, which is also a risk for future projects.

✨Experience the Gate ES launchpool and Alpha activities—my first experience with staking mining.
The third Alpha Points Carnival & ES Launchpool joint event launched by Gate has further boosted the investment enthusiasm for ES, allowing everyone to allocate funds according to their risk preferences and enjoy the rewards.
--Conservative investors: If you, like me, want to avoid risks and obtain stable returns, then the ES launchpool staking mining is a good choice. This is completely different from the traditional mining we understand; there is no need for mining machines, setting up environments, or connecting to mining pools. You just need to enter the launchpool, choose the type of cryptocurrency to stake (BTC/ETH/ES) and the amount, and click the participate button. You can earn returns every hour, comfortably earning money while lying down. The key is that all of this comes from a large platform like Gate, allowing you to enjoy the returns with peace of mind.
Given the current continuous rise in BTC and ETH prices, the staking yield is relatively low. It is recommended to use ES for staking, with the current annualized yield at around 160%. VIP users can also enjoy increased staking limits. However, please note that the event ends on July 26, so time is of the essence. For participation methods, click the link: https://www.gate.com/zh/announcements/article/46134
--Risk-tolerant investors: You can buy and sell ES in the Alpha zone, just like trading on a cex for on-chain transactions. Not only can you participate in the "Alpha Third Points Carnival Phase 11" ES zone activities, complete daily trading tasks to share the ES prize pool, but you can also earn Alpha points. For details, click here: https://www.gate.com/zh/announcements/article/46137
‍ #Gate Alpha 第三届积分狂欢节 & ES Launchpool#