ChainCatcher news, yesterday, Bitget launched the Pop Social (PPT) Launchpool special event, with a total prize pool of 150,000 PPT.As of the time of writing, the novice pool has invested a total of 1,245,910 BGB, and the regular pool has invested a total of 6,105,510 BGB, with the total BGB invested in the prize pool exceeding 7.35 million. The event runs from: October 19, 22:00 -- October 24, 22:00 (UTC+8).

ChainCatcher news, Bitget announced the launch of Pop Social (PPT), with the deposit channel now open and trading starting on October 24 at 18:00 (UTC+8).In addition, the first-ever Launchpool special event is being launched across the network, with a total prize pool of 150,000 PPT. This Launchpool is divided into a novice pool and a regular pool, where users in the novice area can stake to share the prize pool, totaling 90,000 PPT; users in the regular pool can not only stake but also participate in invitation tasks to unlock the prize pool, totaling 60,000 PPT. The event runs from October 19 at 22:00 to October 24 at 22:00 (UTC+8).

ChainCatcher news, the Web3 social platform Pop Social has announced its economic model, with a total supply of 200 million PPT.Among them:60 million will be used for foundation reserves. The use of the foundation reserves will be decided by the community and the team through governance voting, for market operations, marketing, and partnerships. Funds will also be allocated for LP operations to provide liquidity and reduce volatility;10 million will be used for the strategic round, to fund development operations, community incentives, partnerships, research, and development. Similarly, 30 million will be allocated to the development team. The development team will retain 15% of the tokens to reward early contributors and founders of Pop. These tokens will help the team improve the protocol together with the entire Pop community. These tokens will be locked for the first six months and then gradually released over 36 months;4 million will be reserved for advisors, to reward those who help Pop establish strategic partnerships, fundraising, and creator relations within the Pop ecosystem;6 million will be strictly reserved for airdrops, to reward early users and provide flexibility for project operations;The Pop treasury will receive 4,594,286 tokens. The Pop treasury is the self-sustaining foundation of the Pop platform's socio-economy, collecting all platform fees, revenues, and token consumption, and then issuing more tokens after the initial token issuance period ends.The remaining PPT supply is allocated as follows: Launchpads/IDO (5,405,714 tokens), for market making (10 million tokens).According to the crypto data platform RootData, Pop Social completed a $4 million seed round and strategic round financing in September 2023, with participation from Fundamental Labs, Ceras Ventures, Chainlink, Cointelegraph, Fusion Labs, Promatrix Capital, and angel investors including former executives from Binance and OKX.