Genius.fun Sets 20% of Foundation Fees From GSTOCK Pairs for Buybacks

Genius.fun announced Nov. 5 that it will direct 20% of fees the Genius Foundation earns on GSTOCK trading pairs toward purchases of GSTOCK. The arrangement ties the planned buybacks to fee revenue from those pairs. GSTOCK is the first token covered by the mechanism. Other tokens with market capitalizations above $2 million may apply for a similar setup, under which part of the Foundation fees from their trading pairs would go toward token purchases. The announcement did not specify a fee share for other tokens.

Source: TokenPost