Whales Market founder Dexter posted on the X platform that it will provide more details about the compensation plan for GM investors and pre-sellers and the future of the project, including short-term and long-term plans.
At the same time, it stated that this compensation plan will continue until most (if not all) pre-sellers have been compensated. In the meantime, the project will continue to operate.
Short-term plan:
1. Buyback: In order to improve liquidity and promote the development of GM, the team will start buying back directly on the chain. For transparency reasons, all buyback wallets will be made public.
2. Additional airdrops for GM investors: A portion of the GM tokens purchased by the buyback will be airdropped to pre-sellers who sold GM coins at a loss, or to early purchasers of GM tokens. Details will be released accordingly.
3. Collaborate with market makers to ensure liquidity and trading volume: Tier 1 market makers have joined.
Long-term action
1. A soft deal has been reached with an Asian fund/accelerator that has invested heavily in the future of Crypto x AI. Due to the current situation, they want to remain private until the team fixes past issues. However, the cooperation plan is as follows:
-The fund will provide the team with resources and funding to continue launching AI x Crypto products in exchange for equity/shares in the team.
-The transaction will only occur under one condition: gm.ai successfully executes the compensation plan and continues to develop the research and development of gmAI models and new product ideas.
-The term of the transaction is 6 months.
- In the long term, any revenue generated will also be channelled back into the compensation scheme. This will naturally translate into value for token holders once the scheme ends.
Finally, it stated that although the FUD about the project is not unfounded, it is completely wrong to directly call it a scammer who has built nothing. At the same time, the gm.ai official Twitter will continue to release product updates and updated roadmaps, as well as improved marketing plans. #ETH
