On March 11, GoPlus Security officially announced that in response to the recent price fluctuations of the $GPS token, the GoPlus team announced a number of remedial measures.
First, the 4.34 million USDT market-making funds frozen in Binance will be used for a 90-day token repurchase and permanently destroyed.
Second, the additional allocation of $2 million will directly compensate users who bought $GPS on the Binance platform from 21:00:00 on March 4th to 17:55:59 on March 5th (UTC + 8), and the compensation will be paid in the form of USDC within 30 days.
In addition, GoPlus will also take a snapshot of pledged users on March 13 and give additional rewards in the next season's airdrop. The team also said it will accelerate the development of the "safe fuel fee" model, optimize liquidity management, and launch a governance voting interface to enhance the utility of tokens.
GoPlus Announces $4.34 million Buyback Program and $2 million User Compensation Program
2025-03-11 13:46:40
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