Whales Market Founder Outlines Compensation Plan and Future Plans for GM

On September 21, PANews reported that dexter, the founder of Whales Market, posted on the X platform outlining a compensation plan for GM investors and presale participants, along with further details regarding the project's future, including short-term and long-term plans.

dexter stated that the compensation plan will continue until the majority (if not all) presale participants are compensated. The project will continue its operations despite the current situation.

Short-Term Plans:

1. Buyback: To increase liquidity and drive GM's development, the team will begin direct on-chain buybacks. All buyback wallets will be publicly disclosed for transparency.

2. 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 early buyers of GM tokens. Further details will be announced accordingly.

3. Collaboration with Market Makers to Ensure Liquidity and Trading Volume: Tier-one market makers have joined the project.

Long-Term Actions:

1. Partnership with an Asian Fund/Accelerator: A soft agreement has been reached with an Asian fund/accelerator heavily invested in the future of Crypto x AI. Due to the current circumstances, they wish to remain private until the team addresses past issues. The partnership details are as follows:

   • The fund will provide resources and funding for the team to continue developing AI x Crypto products in exchange for equity/shares in the team.

   • The transaction will only proceed if gm.ai successfully executes the compensation plan and continues developing the gmAI model and new product ideas.

   • The transaction has a 6-month deadline.

   • Any income generated in the long run will also be reinvested in the compensation plan. This will naturally translate into value for token holders once the plan is completed.

dexter concluded by stating that while FUD regarding the project is not unfounded, directly labeling it a scam with nothing built is completely wrong. The official gm.ai Twitter account will continue to publish product updates, a revised roadmap, and an improved marketing plan.