AI Computing Power tokenization startup GAIB has collapsed, dropping to zero upon listing! The founder is a top student with a double major in Electrical Engineering from National Taiwan University!
Whistleblowers have warned: GAIB's funding is not transparent.
The cryptocurrency KOL CBB previously warned: if I had money in GAIB AI, I would withdraw immediately. After a thorough investigation, I still don't know where the funds or collateral have gone. They even removed the link to the transparency page from the website. Why? 75% of the reserves (1.5 billion USD ) do not have third-party certification. The situation is not optimistic.
Unexpectedly, during the airdrop of the protocol tokens, some users reported anomalies when interacting with the smart contract, spending gas fees but interacting with a black hole address. Subsequently, some added that this was a very basic mistake, as the protocol team forgot to include the GAIB token address when designing the airdrop contract. Many people on Twitter also complained that the tokens issued by the protocol team were pitifully few, leading to a wave of discontent ( participating in interactions and buying YT but losing money ).
The new star startup GAIB, with its token price rushing and tumbling.
GAIB once approached 0.2 USD after its launch, but quickly fell to 0.075 USD, marking a decline of about 62% over three days. As of the time of writing, the price of the (23 token is only 0.052 USD.
GAIB is a project that turns AI computing power into bonds, packaged in token form. By staking the AI computing power yield token AID issued by GAIB, one can receive earnings from GPU rentals and computing services. It has received investments from VCs such as Hack VC, Hashed, and Animoca Brands. Ironically, after the GAIB incident, the leading investor HackVC deleted posts supporting the protocol.
) ETH Taipei | GAIB focuses on “GPU Bond Tokenization”, disrupting the investment threshold for enterprise-level AI computing power (
The founder of GAIB is a PhD from National Taiwan University in Electrical Engineering and Cornell University.
Among the three founders of GAIB, Jun Liu, who also serves as the Chief Technology Officer, has a double major in Electrical Engineering and Computer Science from National Taiwan University and obtained a Ph.D. from Cornell University, subsequently working in several venture capital firms.
After controversies arose regarding the airdrop and the team’s alleged sell-off of their holdings, one of the founders, Kony, stated that rumors circulated about 5 wallets selling approximately 1 million tokens each. These are not team wallets, but rather partners who are selling tokens in violation of regulations.
This article discusses the collapse of the AI computing power tokenization startup GAIB, which plummeted to zero upon listing! The founder is a high achiever with a double major in electrical engineering from National Taiwan University! It first appeared in Chain News ABMedia.
