Whales Market Founder: Launches GM Compensation Plan, Will Conduct On-Chain Buyback and Airdrop
Whales Market Founder Outlines Compensation Plan and Future Plans for GM
Dexter, the founder of Whales Market, posted on the X platform outlining a compensation plan for GM investors and presale participants, along with details about the project's future, including both short-term and long-term plans. He emphasized that this compensation plan will continue until most, if not all, presale participants are compensated. The project will continue operating throughout this process.
Short-Term Plans:
- Buyback: The team will initiate direct on-chain buybacks to increase liquidity and drive the growth of GM. All buyback wallets will be made public for transparency.
- Additional Airdrop for GM Investors: A portion of the GM tokens purchased through buybacks will be airdropped to presale participants who sold their GM tokens at a loss, or to early buyers of GM tokens. Further details will be released accordingly.
- Partnership with Market Makers: Tier-1 market makers have joined to ensure liquidity and trading volume.
Long-Term Actions:
- Partnership with Asian Fund/Accelerator: A soft agreement has been reached with an Asian fund/accelerator that heavily invests in the future of Crypto x AI. Due to the current situation, they wish to remain anonymous until the team addresses past issues. The partnership plan includes:
- The fund will provide resources and funding to the team for the continued development of 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 agreement has a duration of 6 months.
- Any revenue generated will be redirected to the compensation plan in the long run. This will naturally translate into value for token holders once the plan ends.
Dexter concluded that while the FUD surrounding the project is not unfounded, calling it a scam without anything built is completely inaccurate. The official gm.ai Twitter account will continue to publish product updates, a revised roadmap, and an improved marketing plan.
