📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
China warns that high-profit transactions of Web3 and DeFi conceal classic Ponzi motives.
The Beijing Internet Finance Industry Association (BIFA) issued a notice on July 9, calling on retail investors to reject pyramid-style sales materials that use cryptocurrency terminology. BIFA warns about "stablecoin asset plans" and "Web 3.0 dividends" promising fixed returns.
The announcement lists five characteristics of illegal fundraising, including unlicensed activities and misleading guarantees. BIFA advises the public to verify the company's license and to be aware that high returns often come with high risks.
In addition, BIFA reminds victims that they may be held responsible for any losses under Chinese regulations. The association also recommends reporting any unlicensed activities to the police or financial supervisory authorities.