Griffin AI completes $GAIN token swap with funding from Binance, activating $1 million tranche of buyback fund

0
11

This week, Griffin AI efficiently accomplished a $GAIN token swap on Binance Alpha. After finishing the swap for eligible customers, Binance Alpha resumed buying and selling in $GAIN on October 13, 2025 (12:00 UTC). That is the ultimate milestone within the token swap and buying and selling restart course of. It was efficiently executed on all exchanges concerned within the preliminary token launch. This transfer marks the start of a brand new chapter of progress for the challenge and its neighborhood.

By mutual settlement, Binance Alpha and Griffin AI have collectively assured a 1:1 token swap for eligible Binance customers who bought $GAIN previous to the buying and selling suspension (topic to Binance verification). Binance funded 50% of the alternate tokens from its personal treasury, and Griffin AI funded the remaining 50%. This shared accountability mannequin achieved two targets. One was to guard Binance customers and provide a brand new 1:1 token swap. However, we’ve created a mechanism to scale back the affect of elevated circulating provide by co-funding buybacks that cowl your complete 180 million GAIN allotted to Binance customers.

Restricted token provide and sound tokenomics are essential to the long-term success of the GriffinAI challenge. Receiving funding from the Binance aspect as a part of the token swap decision is a ground-breaking transaction, a primary within the trade that has by no means been achieved by any founder or challenge earlier than.

Moreover, Griffin AI activated the primary $1,000,000 tranche of its beforehand introduced $2,500,000 restoration and repurchase fund. This system is designed to take away extra circulating provide created by the attacker’s unauthorized mint through the BNB bridge that was compromised on September twenty fifth, and to help orderly market situations within the post-swap section. The redeemed tokens might be despatched to the burn deal with month-to-month with on-chain transparency and printed observe document.

Restoring token integrity and rebalancing provide

As a part of the restoration, Griffin AI has additionally accomplished a provide rebalance to make sure customers might be healed with out growing their most provide.

  • Present circulating provide after token swap: roughly 450 million GAIN,
  • That is approx. +210 million enhance in comparison with the unique Tokenomics plan.
  • Most provide stays at 1,000,000,000 GAIN.
  • Swaps and sources of liquidity (redistribution quite than inflation):
    • 100 million GAIN was taken from workforce funds. Staff allocations have been diminished by 100 million GAIN to 50 million from a complete of 150 million GAIN.
    • A further 20 million was added from the investor allocation, which was diminished to 205 million.
    • 90 million GAIN node operation and staking fund retired. This system has been redesigned and might be coated from the ecosystem allocation sooner or later.
See also  Santa Monica to totally embrace Bitcoin in new Metropolis Corridor

The tokens used to finish the consumer swap and re-establish new GAIN official liquidity stay at 1 billion GAIN, not from a rise in most provide, and have been raised from these inside reallocations. On October thirteenth, official PancakeSwap liquidity for the challenge was re-established with $1,000,000 in funding (break up into $500,000 in new GAIN and $500,000 in USDT).

Why $2.5 million and the way does the buyback work?

The dimensions of the buyback fund displays the whole income earned by the attackers from promoting counterfeit tokens to the neighborhood, estimated at $3,000,000. From this, Griffin AI had already absorbed $500,000 by intercepting faux tokens by PancakeSwap’s official liquidity pool in the course of the incident. The remaining $2,500,000 will fund open market buybacks that can scale back circulating provide towards the supposed trajectory. That is how GriffinAI will tackle the total affect of economic losses brought on by hackers to customers who bought faux tokens.

Two-step restoration mechanism:

  1. Person Safety: Finishing a 1:1 swap for eligible Binance customers (excluding suspicious addresses) will enhance their preliminary circulating provide.
  2. Restore provides: Implement buybacks (first $1 million now, remaining $1.5 million to be deployed tactically over roughly 12 months). Burn month-to-month to normalize circulating provide and help orderly worth discovery.
See also  Charlotte Strikes Again: Recovering $110,000 in Startup Losses with Crytocoin

What this deal means

The $GAIN reboot marks a defining second not just for Griffin AI, however for the broader DeFi ecosystem and crypto neighborhood. This units a brand new precedent for the way founders, exchanges, and communities can come collectively after an exploit and turn out to be stronger by working collectively.

Oliver Feldmeyer, founder and CEO of Griffin AI, stated:
“Initially, the state of affairs appeared unstable. Incidents like this usually go away initiatives with two dangerous choices: a blanket 1:1 alternate that floods the market with extra provide, or a delisting that harms customers and destroys belief.
We have been in a position to negotiate with Binance in a 3rd method. By agreeing to share the burden 50:50, we restored 1:1 to all eligible Binance customers, whereas retaining the ability to keep up $GAIN’s wholesome token economics.

What makes this decision actually noteworthy is that Binance used its personal treasury funds to cowl its customers. That is nearly unprecedented. It is a landmark deal and a robust demonstration of confidence in Griffin AI and our neighborhood. We admire Binance’s professionalism and partnership. ”

Official liquidity and market steering

  • On October thirteenth, official liquidity for the challenge on PancakeSwap was re-established with $1,000,000 in funding (break up into $500,000 in new $GAIN and $500,000 in USDT). Official pool (through CoinMarketCap DEX view):
    https://dex.coinmarketcap.com/token/bsc/0xa890F8BA60051ec8a5B528F056DA362Ba208a96F/
  • New $GAIN contract for BNB Chain (BSC):
    https://bscscan.com/token/0xa890f8ba60051ec8a5b528f056da362ba208a96f
  • Exchanges which have accomplished the token alternate and are acknowledged by the challenge: HTX, MEXC, KuCoin, Gate, WEEX, Binance Alpha.
    Word: Please make sure that the alternate has formally accomplished the token swap earlier than buying and selling.
  • Aggregator standing: As of the date of this publication, some third-party aggregators are within the strategy of updating their $GAIN pages to mirror new agreements, token provides, and venues. For instance, CoinGecko might not but listing all exchanges buying and selling new tokens, and CoinMarketCap might listing each legit new contract markets and legacy/third social gathering swimming pools, however whole circulating provide has not been up to date as of the publication date of this press launch. Please examine the official contract deal with and buying and selling venue above on your reference.
See also  Cryptocurrency shares carry out combined as Bitcoin rises to $67,700

Trying to the long run

With the restoration full, Griffin AI returns to its give attention to constructing the very best AI brokers for DeFi and crypto finance. The corporate continues to scale.

  • TEA Turbo — the primary conversational transaction execution agent for DeFi deployed on
  • No-Code Agent Builder — The #1 AI agent builder for DeFi, powered by 15,000+ reside brokers with real-time knowledge, multi-agent workflows, and full on-chain deployment throughout main chains and wallets.

About Griffin AI

Griffin AI is the main no-code AI agent builder for decentralized finance, enabling anybody to create, deploy, and scale autonomous crypto-native brokers. Our flagship TEA Turbo performs swap, yield, and cross-chain operations by pure language. Agent Builder, alternatively, permits authors to launch brokers in minutes with no coding required.
Based by Oliver Feldmeyer, who beforehand based considered one of Europe’s first regulated digital asset exchanges and listed on NASDAQ, Griffin AI combines confirmed fintech management with deep AI engineering to make DeFi easy, clever, and accessible to all.

media contact
(e-mail protected)
X (Twitter): @Griffin_AI • Web site: griffinai.io

Disclaimer: The data contained on this article is a part of sponsored/press launch/paid content material and is for promotional functions solely. Readers are inspired to train warning and conduct their very own investigation earlier than taking any motion associated to the content material on this web page or our firm. Coin Version will not be accountable for any loss or injury suffered because of or in reference to using any content material, services or products talked about.