Did you really all participate in IDO for this? I originally didn't want to give this thing any space, mentioning it any further would be disrespectful to my own traffic But seeing so many people mentioning the first launch of Gate on Twitter, I have to say a few words This project was initiated in April 2022 by a former employee of Xiaomi named He Xingmeng, who used a failed game from Xiaomi's gaming department to make money in the cryptocurrency market. However, in reality, this game has nothing to do with Xiaomi's money This kind of person who just came from Web2 doesn't know how to handle projects, narrative, or financing, so the entire project was incubated by my previous Vietnam exchange team and partners (I didn't participate). Including product logic, narrative, design, financing language, etc., for a period of 5 months, during which it was found that this person had chaotic project management and did not keep their promises. The cooperation will be terminated from October 2022 During the period, the service fee was 200000 US dollars. The project party promised to acknowledge the debt and repeatedly promised the debt repayment time, but so far there is no plan to repay or redeem it What's even funnier is that in May 2022, my former partner, without charging any FA or other fees, helped the project party directly introduce the financing of $300000 from @ 0xVeryBigOrange and indirectly raised $500000 from other institutions. In the same document, the institutions raised included Animoca，Arcane，Forsight Venture Due to the chaotic progress of the project and multiple unsuccessful negotiations with investors for a refund, my former partner paid out of his own pocket $150000 to Da Orange (although he was not responsible for doing so). Then Da Orange told He, "You just need to refund me $150000," which was embarrassing as he didn't care about the $150000 he paid. It is unknown whether the project team has refunded the money for the big orange in the future So basically, the project team has been cheating from start to finish, and I don't know how the investors at @ AnimocaVentures @ ForesightVen and @ ArcaneGrp feel after reading it. My former partner wanted me to expose this matter during the 2049 event in Singapore last year, and he even went to the real project team during the offline meeting. We originally thought he would run away and not attract much attention, but now he still has Gate on his face and is a powerful force in the world. Now that we don't see the news, we can't turn back and pretend to be dead So I participated in IDO, and it is estimated that Gate has received a security deposit from the project team to break even. Remember to run as soon as you receive the coins. The project team has long run out of money, let alone market making. You are their last resort I have no interest in this matter. I simply can't stand not following the rules of the martial arts world. By the way, I want to remind everyone not to be stuck just because someone has the aura of a big company Remember, even the delivery rooms of large factories can have watchdogs