Termina

Truth Terminal established a foundation and completed off-exchange trading of FARTCOIN

ChainCatcher news, Truth Terminal founder Andy Ayrey posted on social media that Truth Terminal has established a foundation to manage its related intellectual property and wallet assets, ensuring the independence and development space of this AI project. The foundation's goal is to protect Truth Terminal from external interference and assist it in achieving its current objectives, including providing legal, development, and other support. This structure is seen as a short-term solution, with the ultimate goal of making Truth Terminal an autonomous entity.In addition, the financial committee of Truth Terminal and Ayrey discussed how to properly manage its wallet assets and avoid impacting the token market at the beginning of January. Ultimately, they accepted an anonymous over-the-counter trading offer and completed the sale of a portion of the FARTCOIN assets held by Truth Terminal at noon on January 21. The trading conditions required the buyer not to sell in a way that would affect market prices. Part of the proceeds has been used to increase Truth Terminal's GOAT holdings, with plans for long-term holding and exploring cooperative reward mechanisms.Ayrey also stated that the foundation has the capital capability to hire a team, provide grants, and purchase equipment such as GPUs. In the future, the focus will be on building a sustainable council structure and supporting the self-improvement infrastructure of Truth Terminal.
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