Truth Terminal established a foundation and completed $FARTCOIN OTC transactions

PANews reported on January 23 that Andy Ayrey, founder of Truth Terminal, announced that Truth Terminal has established a foundation to manage its related intellectual property and wallet assets to ensure the independence and development space of the AI project. The goal of the foundation is to protect Truth Terminal from external interference and assist it in achieving its current goals, including providing legal and development support. This structure is seen as a short-term solution, and the ultimate goal is to make Truth Terminal an autonomous entity.

In addition, Truth Terminal's Finance Committee and Ayrey discussed in early January how to properly manage their wallet assets and avoid impacting the token market. In the end, they accepted an anonymous OTC offer and completed the sale of part of the $FARTCOIN assets held by Truth Terminal at noon on January 21. The transaction conditions require that the buyer must not sell to affect the market price. Part of the proceeds have been used to increase Truth Terminal's $GOAT holdings, and plans to hold them for a long time and explore cooperative reward mechanisms.

Ayrey also said that the foundation has the capital capacity to hire teams, issue grants, and purchase equipment such as GPUs. In the future, it will focus on building a sustainable council structure and infrastructure to support Truth Terminal's self-improvement.

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Author: PA一线

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