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Futures
Futures
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Hundreds of contracts settled in USDT or BTC
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New
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New
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Auto-invest on a regular basis
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Pledge one crypto to borrow another
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VIP Wealth Hub
New
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
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BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
New
Use USDT/USDC to mint GUSD for treasury-level yields
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- 🎃 Halloween is here! Four GDOGs line up! 👻
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Game company Neon Machine is in financial trouble, with the project token SHRAP experiencing a big dump of 98%.
According to the Gate.io News bot, Blockworks reports that the game company Neon Machine is currently facing serious financial issues. The company has not repaid millions of dollars in debt to external suppliers. The company has gone through multiple rounds of layoffs, reducing its workforce from a peak of about 100 people to the current 12 full-time employees.
The company’s project token SHRAP has dropped in price by more than 98%, while reports indicate that the co-founder is conducting a token sell-off. It is worth noting that Neon Machine previously secured $20 million in funding led by Polychain Capital.