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Project Overview
Gems is a blockchain launchpad platform that supports project fundraising through private token sales. The platform fosters a community of investors and creators. Holding GEMS tokens grants early access to sales, supporting promising projects.
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Huobi HTX Launches 13th Anniversary "Resilience Towards the Future" Campaign, Million-Dollar Prize Pool Opens Simultaneously
According to the official announcement, on the occasion of the 13th anniversary of Huobi HTX, the platform will launch the "13th Anniversary Carnival Month — Resilience Meets Future" event from 13:13 on August 13 to 13:13 on September 13 (UTC+8), inviting global users to participate in growth challenges. During the event, users can light up Future Gems by completing designated tasks and unlock anniversary benefits level by level. Grand prizes include a 2,000 USDT Future Exploration Fund, a Singapore TOKEN2049 flight and hotel package, 13th Anniversary High-End Limited Gifts, and more. In addition, Huobi HTX is also simultaneously launching a Million Prize Pool Referral Event, covering trading scenarios such as spot, contracts, and leverage. Users can participate in sharing the rewards by completing designated tasks.
ZachXBT Warns: Rain Protocol Likely Linked to Serial Scam Team—Investors Advised to Avoid
According to an investigation by on-chain detective ZachXBT, Rain Protocol ($RAIN), a prediction market project with a market cap of approximately $8.8 billion, faces serious risks. ZachXBT traced on-chain addresses and found that RAIN’s team funding is linked to the Gems hot wallet. The same addresses previously transferred funds simultaneously for the failed projects DOP and TOMI—suggesting possible team overlap. TOMI, DOP, and Sirin Labs all trace back to controversial Israeli businessman Moshe Hogeg, who was detained in 2021 for crypto-related fraud and charged by police in 2023 with orchestrating a $290 million cryptocurrency fraud scheme. Additionally, $RAIN’s token price appears to be manipulated on-chain; its Total Value Locked (TVL) consists almost entirely of its own highly illiquid native token, and its annual fee revenue amounts to only about $1 million. Gems.vip—the launchpad that incubated these projects—is reportedly preparing a new presale for Kai Platform. Meanwhile, DOP’s previously raised $162 million remains unaccounted for, prompting ongoing complaints from retail investors.