The GAIB/USDT 40x perpetual contract, originally scheduled to launch on November 20, has been officially announced by Binance as delayed, with no restart time given to date. The core reason cannot be hidden: five external institutions openly defaulted, collectively dumping tokens on the project launch day (TGE) with each selling 1 million tokens, totaling 5 million tokens flooding the market, directly causing the price collapse and raising concerns about the project's stability for Binance, leading to the postponement of the contract launch plan.
How severe was this wave of default selling pressure? GAIB was initially priced close to $0.2 at launch, but within just three days, it plummeted by 62%, hitting a low of $0.052, catching many early investors off guard. According to the agreement, these institutions' tokens were supposed to be used for activity incentives and were strictly prohibited from early sales, yet they chose to 'dump' at the launch point. Although GAIB's official team has issued a notice demanding buybacks and accountability, no clear response has been received to date, forcing them to initiate a buyback plan to stabilize the market. Binance originally intended to boost liquidity with the contract launch, but faced with this sudden selling pressure and in order to mitigate market risks, they naturally chose to delay the launch, as no one wants to pay for the consequences of institutional defaults.
Setting aside this wave of 'black swans', how does the GAIB project itself stack up? Let's discuss it in terms of core logic, highlights, and risks:
1. Project Core: Innovative gameplay of AI infrastructure + RWA, with solid logic
The essence of GAIB is the 'financial connector of AI computing power'. Simply put, it transforms GPU servers, robots, and other AI infrastructure into on-chain assets that ordinary people can invest in, and connects AI, real-world assets (RWA), and the DeFi market. Its core product design is very clear:
• AID (AI Dollar): Not an ordinary stablecoin, it is a 1:1 pegged synthetic asset to US Treasury bonds, backed by enterprise-level GPU debt (such as debts incurred for financing AI companies to purchase equipment) and liquid reserve assets, equivalent to 'on-chain AI infrastructure time deposits'. Holding it can preserve principal without depreciation, but it does not generate interest.
• sAID: 'Yield certificates' that can be obtained by staking AID. The platform will invest the staked funds into GPU leasing, robot financing, and other projects—currently, there is a huge gap in global AI computing power, and the GPU leasing market is booming. The rents and service fees earned from these projects will be distributed proportionally to sAID holders, with returns in two forms: debt-type agreements yield 10-20% annually, while equity-type can reach 60-80%, and they can be liquidated at any time, with liquidity much stronger than bank wealth management.
2. Project Highlights: Institutional endorsement + ecological landing, with tangible support
Don’t be misled by being 'taken advantage of' by institutions; GAIB's fundamentals are not weak:
• Financing is robust: Accumulated $15 million in financing, with investors including Amber Group, Hack VC, Animoca Brands, and over 30 top institutions. The seed round financing cost was about $0.0757, and the current price is already below the cost line of some institutions.
• Progress in implementation: Collaborated with Siam.AI, GMI Cloud, etc., tokenizing up to $30 million in GPU and robot assets, and supporting 13 blockchains including Ethereum and BNB Chain, with a total locked value (TVL) exceeding $200 million.
• Addressing real needs: AI computing power is the current 'hot commodity', but the threshold for ordinary people to invest in GPU infrastructure is extremely high. GAIB lowers the threshold to nearly zero, allowing retail investors to share in the dividends of AI infrastructure, and this track itself has immense market potential.
Originally, once this project went on contract, a market value of over 100 million was not a big issue. It can only be said that the teammates are too weak #GAIB @GAIB AI $GAIB
