GoPlus announces a $4.34 million buyback plan and a $2 million user compensation scheme

2025-03-11 21:45:07

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ChainCatcher news, GoPlus Security officially announced several remedial measures in response to the recent price fluctuations of the $GPS token.

First, a market-making fund of 4.34 million USDT, which is frozen on Binance, will be used for a 90-day token buyback and permanent destruction.

Second, an additional allocation of 2 million USD will be directly compensated to users who net purchased $GPS on the Binance platform between March 4 and 5. The compensation will be issued in the form of USDC within 30 days.

In addition, GoPlus will take a snapshot of staking users on March 13 and provide additional rewards in the next season's airdrop. The team also stated that it will accelerate the development of the "security fuel fee" model, optimize liquidity management, and launch a governance voting interface to enhance the token's utility.

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