📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Kik in Trouble: May Shut Down App, Lay Off to 19 People, SEC Charges as the Tipping Point
Canadian social media company Kik Interactive is considering terminating the operation of its messaging app Kik. The company has issued layoff notices to 70 employees in Israel. On September 24, Kik Interactive CEO Ted Livingstone released a statement announcing the closure of the Kik app and the reduction of the company's workforce to a core team of 19 people.
Since the U.S. Securities and Exchange Commission (SEC) charged the company with conducting a $100 million token offering without registration, Kik has been legally defending itself regarding the initial public offering of its tokens. Steven Peikin, co-director of the SEC's enforcement division, stated that by selling Kin tokens, Kik "deprived investors of the legitimate information they should have received, and hindered their ability to make informed investment decisions."
Kik was founded in 2009 by several Canadian students and gained the favor of well-known investment institutions. In 2017, Kik conducted its initial token offering (ICO), raising as much as $98 million and issuing a virtual currency called Kin.
This event has sparked people's thoughts on the relationship between blockchain startup projects and regulatory agencies, highlighting the regulatory challenges faced by the cryptocurrency industry.