The Web3 Security firm Goplus Security launched an investigation after dropping 60% in a single day, given that it was not already informed about the list.
Goplus Security (GPS), a web3 firm, which says it is working on “the first decentralized security layer”, checking a steep value of its original GPS tokens, checking a steep value decline, which lost more than 65% of its price after listing on the Cryptocurrency Exchange Benns.
In An X thread On 7 March, the firm denied rumors of internal formula dumping, saying that it was not already informed about the listing, which was on 4 March. According to Goplas Security, the team learned only about the listing when a public announcement was made. In response to the price drop, which saw a decline of more than half in the value of the token within 24 hours, the firm formed an investigation team to detect the cause of the ups and downs.
“Everything happened rapidly, and our team only learned about the listing when a public announcement was made, after which we immediately worked to cooperate with Benance to facilitate any additional requirements in our favor.”
Goplas security
The native token, GPS of Goplus Security, GPS, is designed as a utility token, which has been enabled to get encouragement for the safety of the network by staying the GPS to provide safety nodes to the users or to provide safety data, as the Crypto.NUS had previously explained.
In addition to starting its investigation, the Goplas Security also revealed that on the day of listing, it transferred 500 million GPS tokens to Benance, out of which 300 million have already been distributed as prizes for BNB Hodeller’s BNB Hodler program. The remaining 200 million tokens will be used for future marketing efforts, the firm said.
After the price drop, benance Said This will expand the monitoring tags to include GPS, as “behave to create some markets of one of the market manufacturers of GPS and one of the GPS market manufacturers immediately after the spot listing.”
Goplus Security assured the public that it is investigating the issue with Binance and will provide further information and provide further updates. As the press time, GPS Crypto is trading at $ 0.061 per data from the price aggregators.
