# buyback process meta update!
we have been working day and night to fulfill our buyback commitment. we’re excited to share that we’ve successfully completed the know your business (kyb) [process](https://www.bing.com/search?q=know+your+business&cvid=81863f9078714a0ea261e42db7bc2cf5&aqs=edge..69i57j0j69i59i450.2651j0j6&pglt=l), establishing our corporate account with binance, which required extensive documentation from relevant authorities. now, we don’t anticipate any further delays in retrieving the frozen funds and finalizing the buybacks!

to keep you updated on what you can expect in the next few weeks:
– a detailed breakdown of how much of the total gps supply will be bought back using frozen funds;
– expected price increases based on these buybacks to provide more transparency.

thank you for your patience as we finalize this important step toward enhancing goplus's growth. our commitment is unwavering, and we're thrilled about what's coming next! stay tuned over future fridays!