🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
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🗓️ Deadline: October 8, 2025, 24:00 (UTC+8)
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Everyone shouldn't always think that the big players in the crypto world are so impressive. In fact, compared to the big players in the stock market, the "scissors" in the crypto world are really not worth mentioning, far from it. The key point is that cashing out and cutting leeks in the stock market is compliant and legal, and it’s solid and reliable; there’s no need to worry about rights protection and such.
For example, the most absurd listed company in the A-share market this year is *ST Chuangxing.
The company has 68 employees who worked hard for half a year, but the final revenue was only 374,000.
As a company mainly engaged in architectural decoration, it surprisingly received no orders in half a year, with business revenue being zero.
The revenue of 374,000 still comes from other businesses.
There is no business to speak of, and even the current chairman Liu Peng has been taken away by the public security bureau and is still in detention cooperating with the investigation.
Yet, such a company has allowed the founder Chen Rongsheng's family to successfully cash out 1.5 billion and enjoy the sun across the ocean in the United States.
With no business and no money, the funds on the books are less than 2 million. *ST Chuangxing truly lives up to its reputation as a well-known "shell" company.
If we say that the current chairman Liu Peng may not be known to many, but when it comes to the appointed controlling shareholder Yu Zengyun, I believe there are definitely not a few people who are aware of him.
Because Yu Zengyun, as the first "straw buyer", is the actual controller of Jiu Bian Li, who ran away due to fundraising fraud.
If it weren't for the year 2024, the Overseas Chinese Fund under Yu Zengyun would have been criminally investigated for suspected fundraising fraud and gone bankrupt. It is estimated that the company would not have ended up in the hands of the current actual controller, Wang Xiangrong.
As the chairman of Zhejiang Lioo Co., Ltd., you should ask Wang Xiangrong why.