GoPlus Security releases repurchase plan and user compensation plan

Odaily Planet Daily News: In response to fluctuations in GPS token prices, GoPlus Security has released a remediation and improvement plan on the X platform: 1. Market maker fund repurchase commitment, Binance has frozen USDT assets generated through GPS trading in the original market maker account (current balance is 4.34 million USDT). Once the regulatory process is completed, these funds will be transferred under our control. We promise to use these funds to repurchase GPS tokens within 90 days in accordance with laws, regulations, and market rules to support healthy market development; Optimize market liquidity through this repurchase plan, reduce the impact of previous market making activities, and rebuild market confidence; Ensure transparency and compliance in the repurchase process, regularly update the community, and maintain close communication with relevant parties. Repurchase principle: Set limit orders on Binance's GPS/USDT trading pair; Make multiple small purchases daily to avoid market fluctuations; All repurchased tokens will be permanently destroyed to prevent any impact on the future market. 2. Additional compensation plan: The team has allocated an additional $2 million in funding to directly compensate users. This compensation will be directly distributed through Binance to users who made net purchases on the Binance platform between 21:00:00 on March 4th and 17:55:59 on March 5th (UTC+8). Eligible users will receive a corresponding share of 2 million USD in USDC. Net buyer definition: The total amount of GPS tokens purchased during the qualification period minus the total amount of GPS tokens sold must be a positive number. Note: This compensation plan includes both spot and leveraged users.