GoPlus Security has announced a plan to buy back GPS tokens and compensate investors after unusual price fluctuations following the listing on Binance. Founder Mike has apologized to the community and committed to encouraging market makers to buy back all sold tokens, while strategically collaborating, upgrading products, and communicating transparently to stabilize the market.
The plan is as follows:

1. Commitment to Buy Back from Market Maker Fund

Currently, 4.34 million USDT from GPS trading in the old market maker account is frozen on Binance. After the procedure is completed, this amount will be used to:

  • Buy back GPS within 90 days to stabilize the market.

  • Improve liquidity and regain market confidence.

  • Publicly disclose the entire process of buying back and burning tokens on-chain.

Buyback principle:

  • Method: Limit orders on the GPS/USDT trading pair on Binance.

  • Frequency: Multiple small transactions throughout the day to avoid strong fluctuations.

  • Token Burning: All repurchased tokens will be permanently burned.

2. Additional Compensation Plan

GoPlus has allocated 2 million USD to directly compensate users who net purchased GPS on Binance from 9 PM on March 4 to 4:55 PM on March 5.

Compensation conditions:

  • Net purchase of GPS on Binance during the above period.

  • The total GPS purchased minus the total GPS sold must be positive.

Calculation method:

  • Each user will receive a compensation portion based on their net purchase value compared to the total net purchase of all eligible users.

  • Compensation funds will be sent directly in USDC to the Spot wallet on Binance within 30 days (before April 11).

3. Incentivize User Staking

Those staking GPS at a high price will be recognized and supported:

  • Snapshot staking at 5 PM on March 13.

  • Allocate additional tokens $GPS in the next airdrop.

  • Issue Soulbound Tokens (SBT) as on-chain proof.

4. Expand Token Applications

  • Accelerate the implementation of the "Security Gas Fee" model allowing the use of $GPS to pay for security services.

  • Upgrade the GoPlus plugin to increase the real value of the token.

  • Launch a decentralized governance interface (DAO) that allows holders $GPS to participate in voting.

5. Improve Liquidity

  • Work with professional liquidity providers to ensure stable and transparent transactions.

  • Enhance monitoring and risk control of market makers.


Hope these measures will help reinforce community trust and promote sustainable development of the GoPlus ecosystem.
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