You made this comment because you probably bought this coin and want to bottom out, right? Or you received advertising fees. The thoughts of retail investors are actually very simple; they just want to perish together with him. Willing to bet and accept losses, recovering capital is no longer important. Dragging the big players down together, everyone is happy.
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$GPS
Let's think from a different angle about Binance's voting and listing activities. Among the projects on the list that are not doing anything, GoPlus is one of the few that can still be saved.
It's not that I pity it; the fact that it plummeted 80% just half a month after listing is indeed irresponsible and treating everyone as mere fodder has led to this outcome.
The reason I say it can still be saved is as follows:
1. Its attitude is still decent. After the incident, they took out 2 million USDC to compensate the users who suffered losses (to be distributed by April 11).
2. They provided a buyback plan, but actually, it’s not entirely up to them. The market maker's account with 4.34 million USDT was frozen by Binance. They don’t want this money to be permanently frozen, so they can only use it for the buyback.
3. The voting ended on March 28, which is the deadline. The deadline will force GoPlus to take action. The processes required for the buyback have already been completed, and they are currently negotiating with Binance to unfreeze it. The next step should be to start the buyback.
Other project teams may be trying to save themselves by releasing some bullish rhetoric, but $GPS is genuinely trapped.
Moreover, if it gets delisted, it won't just be GoPlus that gets hurt. The retail investors who invested in GPS during this half month will also definitely be treated unfairly.
So I believe that delisting $GPS is not Binance's intention. Putting some pressure on GoPlus to return what it has consumed would be a happy ending for everyone.
There are 5 days left.
$GPS
Let's think from a different angle about Binance's voting and listing activities. Among the projects on the list that are not doing anything, GoPlus is one of the few that can still be saved.
It's not that I pity it; the fact that it plummeted 80% just half a month after listing is indeed irresponsible and treating everyone as mere fodder has led to this outcome.
The reason I say it can still be saved is as follows:
1. Its attitude is still decent. After the incident, they took out 2 million USDC to compensate the users who suffered losses (to be distributed by April 11).
2. They provided a buyback plan, but actually, it’s not entirely up to them. The market maker's account with 4.34 million USDT was frozen by Binance. They don’t want this money to be permanently frozen, so they can only use it for the buyback.
3. The voting ended on March 28, which is the deadline. The deadline will force GoPlus to take action. The processes required for the buyback have already been completed, and they are currently negotiating with Binance to unfreeze it. The next step should be to start the buyback.
Other project teams may be trying to save themselves by releasing some bullish rhetoric, but $GPS is genuinely trapped.
Moreover, if it gets delisted, it won't just be GoPlus that gets hurt. The retail investors who invested in GPS during this half month will also definitely be treated unfairly.
So I believe that delisting $GPS is not Binance's intention. Putting some pressure on GoPlus to return what it has consumed would be a happy ending for everyone.
There are 5 days left.
$GPS
