Genius Announces Launch of GENIUS Token Buyback and Burn Mechanism, Adds Fee Discounts and Other Benefits for Token Holders

TechFlow reported on November 1 that Genius Terminal announced it will expand the utility of the GENIUS token in its ecosystem, introduce an application-revenue-based token buyback and burn mechanism, and provide more benefits for token holders.

Under the new mechanism, Genius App will allocate part of its revenue to buy back GENIUS tokens from the market and burn them permanently, linking token supply to platform business revenue. In addition, GENIUS holders will be able to enjoy fee discounts in Genius App and other ecosystem applications in the future.

Meanwhile, users holding at least 1,000 GENIUS will be eligible for in-app verification and will be displayed as "Top Genius," and may also receive airdrops and other in-app benefits in the future.

Source: TechFlow