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 said that this compensation plan will continue until most (if not all) pre-sellers are compensated. At the same time, the project will continue to operate.
Short-term plan:
1. Buyback: In order to increase liquidity and promote the development of GM, the team will start to buy back directly on the chain. For transparency reasons, all buyback wallets will be made public.
2. Provide 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 early buyers of GM tokens. Details will be released accordingly.
3. Work with market makers to ensure liquidity and trading volume: Tier 1 market makers have joined.
Long-term action
1. A soft agreement 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 funds to continue to launch 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 gmAI model and new product ideas.
-The term of the transaction is 6 months.
-In the long run, any revenue generated will also be transferred back into the compensation plan. Once the plan ends, this will naturally translate into value for token holders.
It finally stated that while 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.