Dear Gofam, we deeply understand and value your concerns regarding the recent fluctuations in the $GPS token price. As a project dedicated to Web3 security, we always regard the trust of our community as our most precious asset. To express our gratitude for your ongoing support and to reaffirm our commitment to the long-term development of the GoPlus project, we hereby announce the following remedial and improvement plans: 1. Market Maker Fund Repurchase Commitment The USDT assets generated from $GPS transactions in the original market maker account (current balance of 4.34 million USDT) have been frozen by Binance and will be transferred to Binance’s control after the regulatory process is completed. We commit to: - Using these funds for a $GPS 90-day token repurchase, complying with laws and regulations and market rules, to support healthy market development. - Optimizing market liquidity through this repurchase plan, reducing the impact of early market-making activities, and rebuilding market confidence. - Ensuring the transparency and compliance of the repurchase process, regularly updating the community with information and maintaining close communication with stakeholders. Repurchase Principles: - Method: Placing limit orders on the Binance GPS/USDT trading pair - Frequency: Multiple small purchases daily to avoid causing market fluctuations - Token Destruction: All repurchased tokens will be permanently destroyed to prevent future impacts on the market. The entire transfer and destruction process will be executed on-chain and publicly visible. The basic multi-signature address for receiving repurchased tokens is: 0xeADB0F37FC39611800826AE618522284398DFDa0 Transparency Principles: - Regularly publish repurchase progress, including the funds used, average repurchase price, and quantity repurchased - Announcements of repurchase and destruction on GoPlus official community channels - The exchange will monitor the entire repurchase process to ensure that all operations comply with applicable laws and regulations 2. Additional Reward Program The GoPlus team recognizes that there is still room for further optimization in market management, risk assessment, ecological governance mechanisms, and market maker behavior norms after listing. To actively address community concerns and safeguard user interests, the team has allocated an additional $2 million in funds for direct compensation to users. This compensation will be distributed directly by Binance to users who made net purchases on the Binance platform between March 4, 21:00:00 and March 5, 17:55:59 (UTC+8). Eligible users will receive a reward of $2 million worth of USDC. Eligibility Criteria: - Participation Eligibility: Users who made net purchases of $GPS tokens on the Binance platform between March 4, 21:00:00 and March 5, 17:55:59 (UTC+8) - Definition of Net Buyer: The total number of $GPS tokens purchased during the specified period minus the total number of $GPS tokens sold must be a positive number Note: Both spot and margin users are included in this compensation plan. Compensation Calculation: Proportional Distribution Formula: - Individual Compensation = [User's net purchase value (equivalent to $USDT) ÷ Total net purchase value of all eligible users (equivalent to $USDT)] × $2,000,000 USDC - Net Purchase Value = GPS Net Purchase Volume * Average Purchase Price during the period - GPS Net Purchase Volume = Total GPS Purchase Volume – Total GPS Sales Volume - Average Purchase Price during the period = (Total Expenditure Amount (in USDT) ÷ Total GPS Purchased Volume) Distribution Process: - Compensation will be directly distributed to the user's Binance spot wallet in the form of USDC, and users do not need to take any action to receive the compensation - Compensation tokens will be credited to the user's spot account within 30 days (by April 11) 3. Staking User Incentive Program We are very grateful to the community members who stake $GPS tokens at higher prices and have confidence in the project. To thank these steadfast supporters: - On March 13 at 10:00 (UTC time), we will take a snapshot of all staking wallets, recording the staking duration and amount - These loyal stakers will receive additional $GPS token allocations in the next season’s airdrop - The specific allocation ratio will be determined based on the staking duration and amount and will airdrop SBT to all snapshot wallets as on-chain proof We appreciate their stand with GoPlus during this critical moment to face challenges together. 4. Enhanced Token Utility The practical application scenarios for the $GPS token remain at the core of our focus: - We are accelerating the development of the “Security Gas Fee” model, which will soon allow users to directly use $GPS for security services - The GoPlus plugin product is set for a major upgrade, bringing more practical value to token holders - Recognizing the importance of the community, we will soon launch a governance voting interface, where $GPS holders can directly vote using $GPS 5. Optimizing Liquidity Management To ensure market liquidity, stability, and trading depth, we are adjusting market maker relationships to ensure that market operations are more transparent, efficient, and compliant: - We are currently in discussions with multiple professional liquidity providers to ensure a healthy and orderly trading environment - Strengthening market maker regulatory mechanisms to enhance risk control capabilities The GoPlus team will continue to commit to building a security layer for Web3, safeguarding every transaction of yours. I firmly believe that as product functionalities continue to enrich and the ecosystem expands, the value of the token will be fully realized. We appreciate the community’s understanding and support at this stage and invite everyone to continue participating in the construction of the GoPlus ecosystem.#gps补偿 #GPS $GPS
