Gm.ai Acknowledges Project Failure, Promises Compensation

Golden Finance reports that Gm.ai has released a statement acknowledging investor disappointment due to mismanagement, poor timing, and communication issues. The team states they take full responsibility and are committed to taking remedial actions, including plans for investor compensation.

The statement emphasizes that all project funds were used for development and no team tokens were misused. The team further clarifies that they did not cash out or "run away" with funds. In fact, they even used personal funds to reimburse early investors after some projects failed. Gm.ai plans to transfer the remaining presale funds to a public wallet.

Gm.ai's presale took place in March this year. Although the team developed multiple AI projects over the past five months, none achieved market fit, leading to delays in the token launch. A complete investor compensation plan will be announced this Friday.