Recently Go plus Security aka ( $GPS ) tweet for Compensation criteria & Distribution.
Eligibility Criteria:
- Qualifying Period: Users who made net purchases of GPS tokens between March 4th at 21:00:00 and March 5th at 17:55:59 (UTC+8) on Binance platform
- Net Buyer Definition: Total $GPS tokens purchased minus total $GPS tokens sold during the qualifying period must be positive
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 in $USDT) ÷ Total Net Purchase Value of All Eligible Users(equivalent in $USDT)] × $2,000,000 USDC
- Net Purchase Value = GPS net buy qty * avg buy price during the period
- GPS net buy qty = Total GPS bought – Total GPS sold
- Avg buy price during the period = (Total amount spent in USDT) ÷ (Total GPS bought)
Distribution Process:
- Compensation will be distributed directly to users' Binance Spot wallets in USDC, no action required from users to receive compensation
- Compensation token will be distributed to users’ Spot Accounts within 30 days (by April 11th)
So now, i think it's good news hope the token go up and fulfill the users bag 💰
