GAIB responds to external institutions' early sale of tokens and launches official buyback program.

Odaily Planet Daily reports that GAIB, the AI and Robotics Infrastructure Economic Layer project, issued an official statement today regarding the early sale of tokens by external institutions on TGE, and announced the launch of the GAIB official buyback program.

In its statement, GAIB emphasized that the approximately five wallets identified by the community as selling approximately 1 million GAIB tokens each are not affiliated with the team, advisors, or any internal entity. All tokens belonging to the team and core contributors are currently locked, and the GAIB team has not sold any tokens.

An internal investigation revealed that these wallets belonged to external market institutions in multiple regions. According to their pre-TGE cooperation agreements, the tokens they received were only to be used for community activity incentives after launch and were explicitly prohibited from being sold beforehand. However, some institutions violated the agreement by selling tokens without authorization on TGE day, constituting a serious breach of contract.

GAIB has issued a formal notice to the relevant authorities, demanding a full repurchase of all GAIB tokens sold, the provision of on-chain repurchase certificates, and acceptance of all consequences of the default. However, the relevant authorities have not provided a clear response. GAIB will immediately launch an official repurchase plan, with the team directly repurchasing the improperly sold tokens on the market to ensure that the community's interests are not affected by any third-party actions.

In its statement, GAIB said, "We will not leave the community to bear any consequences. The buyback program is our commitment to responsibility and transparency." GAIB will release updates to the community as soon as further details regarding the buyback implementation are available.