🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
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Altcoin Team Offers Solution for $200 Million Debt Crisis: Here are the Details - Coin Bulletin
THORChain took an important step to solve its $200 million debt crisis.
The new proposal approved by the governance body includes the conversion of unpaid debts to a stock-like new token (TCY – Thorchain Yield). This move will allow debt holders to have a stake in the ecosystem instead of receiving repayment in BTC or ETH.
THORChain, which suspended its THORFi services on January 23, has activated a 90-day restructuring plan to resolve the debt crisis. The majority of validators participating in the vote approved Proposal 6, giving their approval for the debt to be resolved using this new method.
200 Million TCY Tokens Will Be Released
According to the plan approved by the community, 200 million TCY tokens will be generated, and 1 TCY token will be given to debt holders for every 1 dollar of debt. TCY holders will have the right to permanently share 10% of THORChain's revenues.
The THORChain team plans to create a RUNE/TCY liquidity pool for TCY. This pool will provide $500,000 in liquidity at a price of $0.1, and $5 million in funds will be allocated from the treasury for this transaction. However, it remains uncertain how long it will take for investors to recover their assets.
This decision has caused a great stir in the THORChain ecosystem. Creditors will no longer be able to reclaim their assets as Bitcoin or Ethereum, but will have a new investment instrument tied to THORChain’s long-term revenue model.