📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
The Web3 social media application Phaver has ceased operations.
According to Techub News, X user @DefiIgnas disclosed that the Web3 social media application Phaver has ceased operations, with its Token price falling by 99% since the TGE in September 2024. Phaver team members stated that there were technical issues during the TGE and Airdrop, causing users to be unable to claim their rewards in time, which led to FUD; additionally, Phaver incurred over $1 million in fees to launch on 5 CEXs, and the team did not sell Tokens at the TGE, resulting in insufficient operating funds. As a Finnish company, Phaver also needs to pay 1 to 2 months of severance for employees. @DefiIgnas mentioned that some former team members are currently developing SocialDAO to seek new uses for the SOCIAL Token.
Phaver completed a $7 million seed round financing in October 2023, with investors including Polygon Ventures.