PANews: Whales Market Founder Apologizes for gm.ai's Failure and Outlines Compensation Plan

On September 16th, PANews reported that dexter, founder of Whales Market, posted on X (formerly Twitter) acknowledging that gm.ai has faced a series of setbacks due to mismanagement, poor timing, and most importantly, lack of team communication. He accepts responsibility for these failures and pledges to provide a clear path forward for investors.

dexter explains that over the past five months, the team has continuously strived to fulfill its promise of building an AI project and a potential SOL product ecosystem. This has resulted in the development of AnotherUs, Intent.Trade, gm.fun, and the gm core model that powers them. However, none of these products have achieved product-market fit, contributing to the delay in the token launch.

The team has faced significant pressure and hesitated to move forward with the token launch, which dexter admits was a "flop." He refutes accusations that the project took funds without delivering, stating that efforts were made.

Looking forward, dexter outlines a compensation plan for investors, offering a few options to partially reimburse GM investors for their losses. To ensure transparency and facilitate the compensation process, the remaining presale funds will be transferred to a public wallet.