GoPlus Security launches buyback plan and user compensation plan

Odaily reports that in response to the price fluctuations of the GPS token, GoPlus Security has released a remedial and improvement plan on the X platform: 1. Market maker fund buyback commitment - Binance has frozen the USDT assets (current balance of 4.34 million USDT) generated through GPS trading in the original market maker account. Once the regulatory procedures are completed, these funds will be transferred under our control. We commit to: using these funds to repurchase GPS tokens within 90 days, in accordance with laws, regulations and market rules, to support the healthy development of the market; optimizing market liquidity through this buyback plan, reducing the impact of previous market making activities, and rebuilding market confidence; ensuring the buyback process is transparent and compliant, providing regular updates to the community, and maintaining close communication with relevant parties. Buyback principles: setting limit orders on the GPS/USDT trading pair on Binance; making multiple small-amount purchases per day to avoid causing market fluctuations; all repurchased tokens will be permanently destroyed to prevent impact on the future market. 2. Additional compensation plan: the team has allocated $2 million in additional funds to be directly compensated to users. This compensation will be distributed directly through Binance to users who made net purchases on the Binance platform during the period from March 4, 21:00:00 to March 5, 17:55:59 (UTC+8). Eligible users will receive a corresponding share of the $2 million USDC. Net buyers are defined as those whose total GPS tokens purchased during the eligibility period exceed the total GPS tokens sold. Note: this compensation plan includes both spot and leverage users.