GAIB Faces Transparency Doubts as Binance Launches AI-Driven Token Amid Scrutiny

Binance Alpha and Futures Contract will launch GAIB (GAIB) on November 19th according to reports, marking a significant milestone for the AI-focused token. The project, which aims to tokenize real-world AI infrastructure, will debut on Binance Alpha at 10:00 UTC on November 19, followed by the launch of the GAIBUSDT Perpetual Contract on Binance Futures 30 minutes later as per announcements. The futures contract will offer up to 40x leverage, 24/7 trading, and a funding interval of every four hours based on specifications.

Eligible Binance users can claim an exclusive airdrop of GAIB tokens by redeeming Alpha Points between November 19 and 20 according to the schedule. The airdrop is part of Binance's broader strategy to incentivize participation in emerging AI-related projects, a sector gaining traction as blockchain and artificial intelligence converge. GAIB's total supply of 1 billion tokens is capped, with 40% allocated to the community and the remainder distributed among investors, contributors, and ecosystem development per the project's whitepaper.

GAIB's whitepaper positions the token as a "building block" for AI infrastructure, enabling the tokenization of assets like GPUs, robotics, and computing power. The project's economic model includes AID and sAID tokens, designed to stabilize liquidity and reward users who fund real-world AI equipment according to the whitepaper. Earlier this year, GAIB secured $15 million in funding from investors such as Amber Group, underscoring confidence in its vision as reported.

However, the project has faced scrutiny. Critic CBB questioned GAIB's transparency, citing the removal of reserve information from its website and querying the verification of its claimed $150 million in reserves according to reports. GAIB's CEO, Kony, responded by emphasizing normal withdrawal operations and attributing the website changes to an ongoing redesign for an upcoming upgrade. The team also announced proof-of-reserve and USDC redemption features will go live on November 21 per the official announcement.

The listing on Binance follows a period of regulatory and market turbulence for AI-related tokens. GAIB's entry into futures trading on the same day as its spot listing is rare, according to market analysis, reflecting Binance's aggressive push to attract AI-focused traders. The platform's decision to offer both Alpha and Futures trading highlights GAIB's potential as a speculative asset, particularly as AI-driven technologies gain mainstream adoption.

Analysts suggest GAIB's success hinges on its ability to deliver on its infrastructure tokenization promises while maintaining transparency. The project's partnership with Binance, a dominant exchange, provides immediate visibility but also raises expectations for performance. As the crypto market continues to integrate AI advancements, GAIB's listing could signal a broader trend of blockchain platforms aligning with AI innovation.