Original | Odaily Planet Daily (@OdailyChina)
Yesterday, DEX Genius, which had a high discussion heat last week, announced new point rules on the X platform: Season S1 will end on April 12, and the airdrop quota will increase by 50%.
It is worth mentioning that the Genius team stated that the GP points earned through trading volume generated by transactions will be retained. Congratulations to those who participated in the interaction by sharing the point brushing strategy through Odaily Planet Daily (Click here to jump to the article: YZi Labs invests tens of millions of dollars, CZ personally serves as an advisor, how to brush Genius points?), you may have already "earned" GP points (official website: https://www.tradegenius.com/).
Early users "brushed" trading volume, earning huge trading GP points
Next, Odaily Planet Daily will interpret the new GP point rules launched by Genius to better participate in platform interactions and earn GP points.
Total of 200 million GP points for Season S1, with 125 million GP points still to be distributed
Previously, the community had many confusions about the distribution of GP points. This time, the official emphasized that there will be a total of 200 million GP points for Season S1, and there will be no additional issuance. The specific distribution situation is as follows:
- 75 million GP points have been distributed, which were the trading points earned by users before the platform updated the white paper, and the GP points earned from invitation rewards have been reclaimed;
- There are still 125 million GP points to be distributed, of which the total points for the spinning wheel rewards are 5 million GP, and the invitation reward points and trading frequency tasks for earning points have been canceled.
The remaining 125 million GP points will start to be distributed from 5 AM Beijing time today (January 20), with distributions occurring once every weekend, with a quantity of 10 million GP points. In addition, points will be distributed using a weighted allocation to ensure that whale-level traders do not monopolize the entire GP release amount, allowing smaller traders to also receive GP allocations.
It is worth mentioning that the trading volume weight for exchanging stablecoin USDT to USDC has been adjusted to 0.5 times, while the weight for other spot trading volumes remains at 1.0 times.
Interpretation of other changes in the new rules
As explained by team members in the official Telegram, on one hand, all previous GP task points (trading tasks + invitation tasks) have been cleared; on the other hand, under the new rules, GP points can only be earned through trading volume generated by spot trading.
Official explanation of the new rules
New trading levels
The classification of trading levels and fee discounts under the new rules is as follows:
- Level 1——Smart: Accumulated trading volume of $100,000, trading fee 0.3%;
- Level 2——Ultra Genius: Accumulated trading volume of $1,000,000, trading fee 0.2%;
- Level 3——Mastermind: Accumulated trading volume of $10,000,000, trading fee 0.1%;
- Level 4——Mogger Genius: Accumulated trading volume of $100,000,000, trading fee 0.05%.
Currently, the interpretation of 0 trading fees remains, and the end date for this activity has not been announced.
Referral rewards
Although referring friends for trading no longer generates GP point rewards, after the platform ends the 0 trading fee activity, users can earn a 35% commission reward from the trading fees of the friends they invited.
For example, if the trading fee level of the invited user is 0.2%, then the commission earned would be 0.07% (35% * 0.2%).
GENIUS token will be created before April 12, 2026
According to the document, the GENIUS token will be created before the end of Season S1. Therefore, the TGE will randomly occur between now and April 12.
Despite many bugs on the platform, its strong financing background and confirmed TGE still make it worth paying attention to
Since Genius went live a few days ago, the platform has been overloaded due to a large influx of studios, with frequent bugs. Although the team has been working hard to resolve these issues in recent days, there are still functional problems that do not meet user satisfaction. As of now, invitation points and trading tasks have not been taken offline, and the spinning wheel rewards are still under maintenance.
After the update of the new rules, the TGE will significantly increase the certainty of earning from Genius before April 12, with only 200 million GP points distributed before the TGE, meaning that GP points will become particularly "valuable," and the cost of obtaining GP points will only increase. KOL Nathan stated, "With tens of millions of dollars in investment, there should be a FDV of three to five hundred million dollars. Congratulations to those who got in during these days, as they have obtained 37.5% of the total airdrop in just three days." According to the data below, with a $300 million FDV and an airdrop ratio of 10%, each point is valued at $0.15.
Estimated value of Genius points
Perhaps during the first week of the new rules with 0 trading fees still in effect, it is still worth interacting.
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