🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Canadian social media company faces SEC lawsuit, may terminate messaging app operations.
Recently, a Canadian social media company is considering terminating the operation of its messaging application. The company has issued layoff notices to 70 employees in Israel. The company's CEO released a statement on September 24, confirming the closure of the application and streamlining the company team to 19 people.
The company is currently embroiled in a legal dispute with the U.S. Securities and Exchange Commission (SEC), with the focus of the controversy being its unregistered $100 million token issuance. A senior official from the SEC's enforcement division has stated that by selling this token, the company "deprived investors of the legitimate information they should have received and impeded their ability to make informed decisions."
This messaging application was founded in 2009 by several Canadian students and has received investments from well-known tech companies and venture capital firms. In 2017, the company conducted an initial coin offering (ICO), raising approximately $98 million while launching its own cryptocurrency.
This event has sparked widespread discussion in the industry about the relationship between blockchain startup projects and regulatory agencies. Many projects are actively seeking to strike a balance between innovation and compliance to preserve the development space for the cryptocurrency industry.