GAIB launches official buyback plan in response to the early sale of tokens by external institutions.

PANews reported on November 20 that GAIB, the AI and Robotics Infrastructure Economic Layer project, has released an official statement regarding the external entities that prematurely sold Tokens on the day of the TGE. GAIB announced the initiation of an official buyback plan. In the statement, GAIB emphasized that the approximately 5 Wallets identified by the community, each selling about 1 million GAIB, are neither from the team, advisors, nor any internal entities. All Tokens from the team and core contributors are currently locked, and the GAIB team has not sold any Tokens. After an internal investigation, these wallets belong to external market institutions in multiple regions. According to their cooperation agreement before the TGE, the tokens they acquired can only be used for community activity incentives after the launch, and are explicitly prohibited from being sold in advance. However, some institutions violated the agreement and sold the tokens on the day of the TGE without authorization, constituting a serious breach of contract. GAIB has issued a formal notice to the relevant institutions, demanding the full repurchase of all sold GAIB tokens, providing on-chain repurchase proof, and bearing all consequences of the breach. However, the relevant institutions have not provided a clear response. GAIB will immediately initiate an official repurchase plan, with the team directly starting to repurchase the tokens that were improperly sold in the market, ensuring that the interests of the community are not affected by any third-party actions. GAIB stated in a statement: “We will not let the community bear any consequences. The buyback plan is our commitment to responsibility and transparency.” GAIB will announce the latest progress to the community as soon as it obtains further details on the buyback execution.