GM.ai acknowledges mismanagement and promises to launch an investor compensation plan.

Jinse Finance reported that the Gm.ai team released a statement acknowledging that the project disappointed investors due to poor management, mistiming, and ineffective communication. The team stated that they have taken responsibility and promised to take remedial measures, planning to compensate investors. In the statement, the GM.ai team emphasized that all the funds invested in the previous development projects were used for development, without embezzling team tokens. After some projects failed, they even used their own money to compensate early investors. The team clarified that they did not cash out or conduct the so-called "Rug Pull", and plans to transfer the remaining presale funds to a public Wallet. The presale of Gm.ai took place in March this year, and despite the team developing multiple AI projects in the past 5 months, none of them have achieved market fit, resulting in Token release latency. The full investor compensation plan will be announced this Friday.