This is the original Cosmic Gate. It's a ridiculously long repetitive shmup that boasts whopping 64 STAGES! There are formation differences, but otherwise identical. It is a retro-styled game that aimed to replicate Galaga, so I can't complain that much... This also means this game has no bosses.
It has the piercing shot and the titular Cosmic Gate lets you skip stages! It's not good for your score, of course, but let's face it, for a completion do you even want to go through all of its 64 stages? This is the more normal playthrough using normal gates, so to speak. To open the cosmic gate, hit the flashing enemy as the very first target. If you hit other enemies, then the gate won't come out. When it appears, shoot the gate. Shoot enough and you'll get teleported to the next stages beyond.
If you want to speedrun the game, you can intentionally miss 64 shots until a red cosmic gate pops up on Stage 1 if you manage to hit 0 enemies. Yes, it's in the game, and yes, it's the final secret that got revealed 5 years after the game's in-game release on the in-game magazine. "HOW COULD THIS SECRET GET KEPT FOR THIS LONG!?"
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