🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
Time to prove if you’re a true Gate veteran!
💰 Join the challenge — 5 lucky winners will share $50 in GT!
👉 How to participate:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Comment with your answer
🗓️ Deadline: October 8, 2025, 24:00 (UTC+8)
True or false😨
Plasma $XPL team is the original crew of Rug chain Blast!
1. Plasma has almost nothing to do with Tether; Tether co-founder only personally invested $50,000 during Plasma's $24 million valuation round.
2. The main operator of Plasma is Framework Ventures, and the strong point of their VC and team is that they created an information gap, packaging it as the favored child of tether.
3. The entire team basically has no genes related to payments or stablecoins. Plasma's current model is almost identical to Blast's, which is to find a hot track, then latch onto a big player, and implement a deposit-attracting model. Then issue tokens and end.
As for the virtual card (U card) business, it is no different from all U cards on the market, being at the downstream of the payment chain, it will still be choked if it needs to be.
4. Pacman (Chinese name: Tie Shun) has fallen out with all the original team members, and aside from Tie Shun, the main members of the original team have gone on to create Plasma.
5. The Blast team, apart from Pacman who has publicly identified himself, has not disclosed the identities of other team members. Therefore, there is no relevant experience related to Blast found in the resumes of all Plasma team members.
6. The well-known KOL "Wuy" communicated with key figures from Tether in South Korea, and the other party stated that Plasma has no direct relationship with Stable and that it is just something to observe.