GAIB debuts with steep decline amid reserve verification fears
The AI-infrastructure compute-tokenization startup GAIB debuted on Wednesday on Binance, Bybit, Bitget, and other major crypto exchanges with a sharp drop of almost 45%. The decline was driven by the broader negative crypto market sentiment and user concerns that the project’s reserves may be insufficiently funded.
GAIB is one of the few projects offering tokenization of physical compute power and revenue generated from GPU equipment and other infrastructure components.
To enable this, the GAIB protocol features a multilayer architecture: a liquidity layer, a tokenization layer, a financialization layer, an asset-validation layer, and a blockchain settlement layer.
The GAIB ecosystem uses three tokens: AID (a synthetic USD-pegged stablecoin), sAID (a staking token that earns yield), and the native GAIB token.AID is fully backed by U.S. Treasury bonds and other stable assets, and when AID is staked, the holder receives sAID, which earns yield from both real AI-infrastructure assets (GPU, robotics) and Treasuries.
However, ahead of the listing, trader CBB publicly questioned GAIB’s transparency, claiming that the “Transparency” section disappeared from the official website, and that roughly 75% of reserves (about $150 million) lacked third-party verification.
Late clarifications failed to help
GAIB CEO Kony stated that the accusations were inaccurate and that the page was removed temporarily for redesign. He also said all AID and sAID users had been informed about withdrawal mechanisms, capital-conversion procedures, and upcoming transparency modules. He pledged to publish a full proof-of-reserves report and an AID-to-USDC redemption mechanism on November 21.
GAIB token price dynamics over the past 24 hours. Source: CoinMarketCap
Nevertheless, the controversy affected the listing and accelerated the sell-off of GAIB tokens. Some users also complained that they did not receive the expected airdrop amount.
As a result, GAIB plummeted after trading began and, at the time of writing, was trading around $0.16 — down 43% from its launch price. The situation may improve if the promised reserves audit is released and overall altcoin-market conditions stabilize.
As we wrote, Linea token falls 22% after listing amid airdrop selling
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