🚀 Gate Square “Gate Fun Token Challenge” is Live!
Create tokens, engage, and earn — including trading fee rebates, graduation bonuses, and a $1,000 prize pool!
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💡 How to Participate:
1️⃣ Create Tokens: One-click token launch in [Square - Post]. Promote, grow your community, and earn rewards.
2️⃣ Engage: Post, like, comment, and share in token community to earn!
📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
The Compound DAO rejected the proposal to "recover $13 million worth of tokens" from the special representative office.
PANews September 18 news, according to DL News, the DeFi lending protocol Compound community voted nearly 70% against a proposal to reclaim 13 million dollars worth of Tokens. These Tokens were allocated to DAO representatives through the “representative competition” program in August 2024, aimed at increasing governance participation. The proposer accused the allocation plan of abusing treasury funds, benefiting only insiders. The whale “Humpy” mobilized $3 million worth of COMP tokens to support the recovery. However, beneficiary representatives from PGov, Arana Digital, and others jointly vetoed the proposal. An anonymous representative revealed that the current allocation plan can effectively prevent whales like “Humpy” from implementing “DAO control”—that is, manipulating voting results by accumulating governance power.