This week, Griffin AI successfully completed of the $GAIN token swap on Binance Alpha. Following completion of the swap for eligible users, Binance Alpha re-opened trading for $GAIN on 13 October 2025 (12:00 UTC). This is the final milestone of the token swap and trading reopening process. It was successfully conducted on all exchanges involved in initial token launch. This move marks the opening a new growth chapter for the project and its community.
Under the mutual agreement, Binance Alpha and Griffin AI jointly ensured a 1:1 token swap for eligible Binance users who purchased $GAIN before the trading suspension (subject to Binance verification). Binance funded 50% of the replacement tokens from its own treasury, while Griffin AI funded the remaining 50%. This shared-responsibility model achieved two goals: on one side, it protected Binance users giving them 1:1 new token swap; on the other side it created the mechanism to mitigate the impact of the increased circulating supply by joint funding of the buy-back covering entire 180m GAIN allocated to Binance users.
For long term success of GriffinAI project, limitation of the token supply and healthy tokenomics is of significant importance. Getting the financial contribution from Binance side as a part of the token swap resolution marks industry-first, landmark deal that no founder or project had achieved before.
In addition, Griffin AI has activated the first $1,000,000 tranche of its previously announced $2,500,000 Recovery & Buy-Back Fund. The program is designed to remove the extra circulating supply created by the attacker’s unauthorized mint via a compromised BNB bridge on 25 September, and to support orderly market conditions during the post-swap phase. The repurchased tokens will be sent to a burn address monthly with on-chain transparency and a public track record.
Restoring token integrity and supply realignment
As part of the recovery, Griffin AI also completed a supply realignment to ensure that users could be restored without increasing maximum supply.
- Current circulating supply post token swap: approximately 450 million GAIN,
- This is ca. +210 million more in comparison to the original tokenomics plan.
- Maximum supply remains unchanged at 1,000,000,000 GAIN.
- Sources for swap & liquidity (reallocation, not inflation):
- 100 million GAIN was taken from the team fund: the team allocation was reduced by 100 million GAIN from total of 150 million GAIN to 50 million.
- 20 million was added from the Investor allocation, which was reduced down to 205 million.
- Node Ops & Staking fund of 90 million GAIN retired; the program has been redesigned and will be covered in the future from the Ecosystem allocation.
Tokens used to complete the user swap and to re-establish official liquidity for the new GAIN were sourced from these internal reallocations—not by increasing maximum supply, which remained at 1 billion GAIN. On 13 October, the project’s official PancakeSwap liquidity was re-established and funded with $1,000,000 (split $500,000 in new GAIN and $500,000 in USDT).
Why $2.5M and how the buy-back works
The buy-back fund size mirrors the gross proceeds the attacker extracted from selling counterfeit tokens to the community – estimated at $3,000,000. From this, Griffin AI had already absorbed $500,0000 by intercepting fake tokens via its official liquidity pool on PancakeSwap during the incident. The remaining $2,500,000 will finance open-market buy-backs that will reduce the circulating supply toward its intended trajectory. This is the way how GriffinAI takes on itself the full impact of the financial loss the hacker put on users buying fake tokens from him.
Recovery mechanics in two steps:
- Protect users: complete a 1:1 swap for eligible Binance users (excluding suspicious addresses), resulting initially in higher circulating supply.
- Repair supply: conduct buy-backs (first $1M now; the remaining $1.5M deployed tactically over ~12 months); burn monthly to normalize circulating supply and support orderly price discovery.
The meaning of this deal
The relaunch of $GAIN marks a defining moment not only for Griffin AI, but for the broader DeFi ecosystem and crypto community. It sets a new precedent for how founders, exchanges, and communities can unite after an exploit and emerge stronger by working together.
Oliver Feldmeier, Founder & CEO of Griffin AI, said:
“At the start, the situation looked precarious. In incidents like this, projects are often left with two bad options: a blanket 1:1 swap that floods the market with excess supply, or delisting—which hurts users and destroys trust.
We managed to negotiate with Binance a third way. By agreeing to share the burden 50–50, we restored all eligible Binance users 1:1 while at the same time retaining the power to preserve $GAIN’s healthy token economics.
What makes this resolution truly remarkable is that Binance used its own treasury funds to help cover users—something virtually unheard of. It’s a landmark deal and a strong vote of confidence in Griffin AI and our community. We’re grateful for Binance’s professionalism and partnership.”
Official liquidity and market guidance
- On 13 October, the project’s official liquidity on PancakeSwap was re-established and funded with $1,000,000 (split $500,000 in new $GAIN and $500,000 in USDT). Official pool (via CoinMarketCap DEX view):
https://dex.coinmarketcap.com/token/bsc/0xa890F8BA60051ec8a5B528F056DA362Ba208a96F/ - New $GAIN contract on BNB Chain (BSC):
https://bscscan.com/token/0xa890f8ba60051ec8a5b528f056da362ba208a96f - Exchanges that have completed the token swap and are recognized by the project: HTX, MEXC, KuCoin, Gate, WEEX, Binance Alpha.
Caution: Always verify that an exchange has officially completed the token swap before trading. - Aggregator status: As of the date of this publication, some third-party aggregators are still updating $GAIN pages to reflect the new contract, token supply numbers and venues. For example, CoinGecko may not yet show all exchanges trading the new token, and CoinMarketCap may list both legitimate new-contract markets and legacy/third-party pools, while the total circulating supply has not been update as of the date of the publication of this press release. For reference please rely on the official contract address and the trading venues listed above.
Looking ahead
With the recovery completed, Griffin AI is returning to its focus: building the best AI agents for DeFi and crypto finance. The company continues to scale:
- TEA Turbo — the first conversational Transaction Execution Agent for DeFi deployed on
- No-Code Agent Builder — the #1 AI agent builder for DeFi, powering 15,000+ live agents with real-time data, multi-agent workflows, and full on-chain deployment across major chains and wallets.
About Griffin AI
Griffin AI is the leading no-code AI agent builder for decentralized finance, enabling anyone to create, deploy, and scale autonomous crypto-native agents. Its flagship TEA Turbo executes swaps, yields, and cross-chain operations through natural language, while the Agent Builder lets creators launch agents in minutes—no coding required.
Founded by Oliver Feldmeier, who previously founded and took one of Europe’s first regulated digital-asset exchanges public on NASDAQ, Griffin AI combines proven fintech leadership with deep AI engineering to make DeFi simple, intelligent, and accessible for all.
Media Contact
[email protected]
X (Twitter): @Griffin_AI • Website: griffinai.io
Disclaimer: The information presented in this article is part of a sponsored/press release/paid content, intended solely for promotional purposes. Readers are advised to exercise caution and conduct their own research before taking any action related to the content on this page or the company. Coin Edition is not responsible for any losses or damages incurred as a result of or in connection with the utilization of content, products, or services mentioned.
