According to the Gate News bot message and the official announcement from Gate on July 30, 2025:
Gate will launch the 293rd Launchpool project from 20:00 on July 31, 2025 to 20:00 on August 3, 2025 (UTC+8). This project is Aleo (ALEO). Users can participate in mining by staking ETH or ALEO, with a total reward pool of 77,942 ALEO tokens. The system will distribute rewards every hour based on the percentage of user stakes.
Aleo is a developer platform focused on privacy, utilizing zero-knowledge cryptography to move smart contract execution off-chain, aiming to build fully private, scalable, and cost-effective applications. The platform is capable of supporting thousands of transactions per second.
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