Web3 security company Goplus Security started an investigation after the token fell 60% on one day and noted that it was not informed about the list in advance.
Goplus Security (GPS), a Web3 company that says it is working on the ‘first decentralized security layer’, is research into a steep fall in his native GPS -token, which suddenly lost more than 65% of its value after mention on Cryptocurrency -exchange.
In an X thread On March 7, the company denied rumors about the dumping of Insider, adding that it was not informed in advance about the list that took place on March 4. According to Goplus Security, the team only learned about the list when the public announcement was made. In response to the price decrease, which the value of the token dived by more than half within 24 hours, the company has formed a research team to explore the cause of the fluctuations.
“Everything happened quickly and our team only learned about the list when the public announcement was made, after which we immediately worked to work with Binance to facilitate any additional requirements on our side.”
Goplus -protection
The native token of Goplus Security, GPS, is designed to be a utility programs, allowing users to receive incentives for protecting the network by putting general practitioners to perform security junctions or to offer security data, as Crypto.News explains earlier.
In addition to starting his research, Goplus Security also revealed that on the day of the offer it transferred 500 million GPS to Tokens to Binance, 300 million of which have already been distributed as rewards for the BNLER program of Binance. The remaining 200 million tokens will be used for future marketing efforts, the company said.
After the price decrease, Binance said It would expand the monitoring labs to GPS due to a “significant price fall immediately after the spot list and certain market behavior of one of GPS” market makers. “
Goplus Security assured the public that it is investigating the problem with Binance and will provide further updates as more information becomes available. From the moment of printing, GPS acts at $ 0.061, per data from Crypto -price aggregators.
