Add as a preferred source on GoogleGenius Plans App-Funded Buybacks and Permanent Burns of GENIUS
The plan also outlines future trading-fee discounts and in-app status for holders, including users with at least 1,000 GENIUS.
Genius plans to use part of the revenue generated by Genius App to buy Genius token (GENIUS) on the market and permanently burn the tokens, linking app activity with the token’s supply.
The plans also include future trading-fee discounts for GENIUS holders in Genius App and other Genius apps. Users holding at least 1,000 GENIUS can receive in-app verification and a top-user label. Genius also outlined possible future giveaways and other in-app benefits for holders.
The tokenomics announcement follows Genius’ Oct. 27 announcement of the app’s BNB Chain launch. The app combines on-chain trading, social features and token creation on mobile. TokenPost previously covered Genius’ mobile expansion for BNB Chain trading and token issuance.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.