Genius Plans App-Funded Buybacks and Permanent Burns of GENIUS
Photo: TokenPost
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.
Source: TokenPost
