GoPlus Launches $500 Million Security Fund to Enhance Web3 Security

The newly established $500 million GPS token security fund aims to transform Web3 security by rewarding contributions from users and developers.

Summary

GoPlus has launched a $500 million GPS token security fund to enhance Web3 security, featuring a basic reward pool of $400 million and a $100 million bounty pool. Users can earn rewards through staking tokens and submitting security reports, with contributors eligible for up to 10,000 GPS tokens. The fund promotes decentralized security innovations and aims for long-term stable returns with transparent data management.

Terms & Concepts
  • GPS tokens: The native tokens of the GoPlus network, used for rewards and incentives within the platform.
  • Web3: The decentralized internet that utilizes blockchain technology to give users control over their data and digital assets.
  • security bounty program: A program that rewards individuals for identifying and reporting security vulnerabilities or malicious activities.