A few days ago, @GAIB AI the official released a major update, summarizing the key points for everyone's reference:
1. The transparency page for AID & sAID has been officially updated, and now all assets, reserves, and cross-chain balances can be seen on the official website.
The total amount of AID is approximately 74 million, of which 41 million is staked as sAID, and the remaining 33 million is in circulation.
2. AID is open for a 1:1 exchange for USDC, which can be directly swapped on Ethereum with a fee of 0.1%, mainly to prevent arbitrage on the price difference between USDT and USDC. If your AID is not on Ethereum, you need to bridge it over before you can exchange.
3. sAID can start to be unstaked, but there is a 30-day cooling-off period. After unstaking, it will no longer generate returns or Spice.
Moreover, there can only be one unstaking request at a time; if you want to unstake again, you either have to wait 30 days or cancel the previous request first.
4. The endorsement of sAID has third-party audits, with 33.9 million already deployed in 3 GPU/robot financing cases, and another 7 million is on-chain reserves. The team expects to release the funds within 30 days, allowing those who wish to redeem to do so.
5. The returns of sAID will officially start distributing on 12/1. Those holding sAID in November will have a compensation pool distributed based on the duration of holding plus the amount held.
Overall, GAIB is addressing the transparency, reserves, and liquidity that everyone is most concerned about. AID can be exchanged, sAID can be unstaked, and assets also have audit proof. Next, we will see how the return distribution starts in December. At least at this stage, the information is all public and transparent, making it easier to make subsequent operational judgments.
#GAIB $GAIB
