- GoPlus launches a $10M GPS Security Fund.
- Aim is to marketize Web3 security.
- Potential rewards for reporting malicious activities.
GoPlus has launched a $10 million GPS Security Fund to tackle Web3 security risks. Announced on July 24, 2025, the initiative aims to marketize security.
The fund addresses growing Web3 security concerns, potentially revolutionizing how security is incentivized within the crypto space.
GoPlus has initiated its 500 million GPS Security Fund, a substantial step to reinforce Web3 security amid rising risks. The project plans to implement a marketization model, with a total fund equivalent to $10 million USD.
The initiative was introduced by GoPlus, backed by its development team since 2021. GoPlus has taken steps to further its commitment to Web3 infrastructure, with significant backing from early supporters.
Market reactions have been cautiously optimistic. Immediate effects are being evaluated, though there have been no significant impacts on major cryptocurrencies like ETH or BTC. No reported regulatory impacts from government bodies have surfaced.
Experts predict financial and technological shifts. Emphasizing data and historical trends, the initiative might foster community engagement in security enhancements through its reward-based approach. These shifts could redefine how security measures are incentivized.
The GPS listing on major exchanges, including Binance, underscores the fund’s significance. Providing listing details could bolster wider adoption of the token, driving further market interest. Major liquidity changes, as yet, remain undisclosed in the available resources.
GoPlus announced today the launch of a 500 million GPS Security Fund (currently valued at $10 million USD), pioneering a ‘security marketization’ model in response to the current Web3 security landscape, where assets worth $157,000 are lost to the dark forest every second. – GoPlus Security, Official Announcement [1]
For a detailed understanding of GoPlus initiating a major fund to tackle crypto security threats, the implementation of the fund is a crucial step.
The GPS listing, including Binance, is altogether an important milestone as highlighted in the official Binance announcement.
