GoPlus announces compensation plan after Binance monitoring tag

GoPlus (GPS) has outlined a series of measures to address community concerns after being placed under Binance’s monitoring tag: -Market maker fund buyback: $4.34 million USDT, frozen by Binance Exchange, will be used over 90 days for gradual GPS buybacks via limit orders, with all repurchased tokens permanently burned. -User compensation: $2 million in USDC will be distributed to Binance users who made net purchases between March 4, 13:00, and March 5, 09:55 (UTC+8). -Staking rewards: A snapshot on March 13 will determine additional GPS and SBT airdrops for long-term stakers. -Token utility upgrades: GPS will soon support security service payments, governance voting and an enhanced GoPlus plugin. -Liquidity management: GoPlus is reforming market maker partnerships for greater transparency and stability.