We are thrilled to announce the first distribution of the Genius X Accelerator project tokens to all eligible $GENSX token stakers! This is a crucial milestone on the Genius X project roadmap and a testimony of our commitment to inclusive growth and community-shared success! In the first drop, stakers will receive $FLDT, $DG, $REACH, $HYN, and $ADA (from launchpad sales fee).

The 1st token distribution details

The distribution took place on the 20th of March, 2024. Rewards are available for claiming through the Genius Yield’s Rewards dashboard.

The snapshot was taken at 12:00 UTC on 31 January 2024.

If you ever staked $GENSX between our own token launch, on the 7th of July 2023, and 31st of January 2024, then you’ll see these rewards in the “My DEX Rewards” dashboard.

Stay tuned as more tokens are coming! If you wish to take part in the upcoming token distributions, then stake your $GENSX on the Genius Yield Platform now!

If you’re not sure how to create a staking vault, then check this step-by-step tutorial: https://www.youtube.com/watch?v=U6JHq-7kFkE

More details about the distribution of the Genius X Accelerator projects’ tokens: https://medium.com/@GeniusXOfficial/a-new-era-of-fee-sharing-for-accelerators-bc4b678c3904

Upcoming token distributions

$GENSX token stakers will be also eligible for all upcoming accelerator tokens distributions!

Distributions to eligible $GENSX stakers:

When: every 25th of each month. The next distribution will take place on the 25th of April, 2024.
Who is eligible: all $GENSX stakers, with the $GENSX Staking Vault active in the month preceding the distribution

Wallet snapshots:

When: On the last day of each month. The next snapshot will be taken on the 31st of March, 2024

Important: when calculating rewards, we’ll check the time length of each $GENSX Staking Vault, the amount of $GENSX staked, and Galaxy NFT ownership.

In short, the longer and the more you stake, the more token allocation you will get.

Example:

Next Genius X projects’ token distribution will take place on the 25th of April, 2024. The snapshot for this distribution will be taken on the 31st of March, 2024. Therefore, owners of GENSX Staking Vaults, created before the 1st of April, 2024, will be eligible for the next token distribution.

However, a Stake Vault created on the 31st of March will get a lower token allocation than a Stake Vault created on the 1st of March (assuming the same amount of staked $GENSX in both vaults and no Galaxy NFT ownership).

$GENSX Token Utilities Overview

$GENSX tokens offer unparalleled opportunities for holders through staking. By staking $GENSX on the Genius Yield Platform, holders gain access to unique benefits, including:

20% of tokens acquired through the Genius X Accelerator and fees generated by the Genius X Launchpad
Governance participation
APY-boosting NFT Lottery participation

APY Boosters

For those opting for locked staking vaults, we introduced various APY boosters to enhance rewards based on staking duration.

20% fee/rewards-based token distribution — APY booster for ALL tokens in the program!

6-month staking vault: 3% weighting booster rewarded in various tokens
9-month staking vault: 6% weighting booster rewarded in various tokens
12-month staking vault: 10% weighting booster rewarded in various tokens

APY booster for $GENSX tokens locked in the staking vaults:

6-month staking vault: 5% APY rewarded in $GENSX tokens
9-month staking vault: 7% APY rewarded in $GENSX tokens
12-month staking vaults: 11% APY rewarded in $GENSX tokens

Additional APY booster for locked $GENSX tokens — owners of the Genius X ISPO NFTs and Galaxy NFTs can further enhance their $GENSX rewards:

Vesta NFT: +3% APY rewarded in $GENSX tokens
Comet NFT: +6% APY rewarded in $GENSX tokens
Titan NFT: +10% APY rewarded in $GENSX tokens
Galaxy NFT: +10% APY rewarded in $GENSX tokens

About Genius X

Genius X is one of the first tokenized, blockchain-agnostic business accelerators and launchpads for fully-vetted, early-stage blockchain startups. Our mission is to create a more decentralized and inclusive future built by the brightest minds utilizing blockchain technology. The Genius X Accelerator helps ambitious founders turn their visions from startups into impactful and scalable solutions that add value across multiple blockchains. We accelerate the most promising startups by providing advisory support in areas such as marketing, business strategy, token design, fundraising, as well as token sales, giving them the edge to become successful.

The Genius X Launchpad is the most advanced smart contract-based Launchpad that will support various major blockchain networks. The launchpad provides a seamless way for participants to safely participate in early-stage project funding. The Genius X Launchpad is unique from other launchpads in that it is non-custodial, as operations on the platform are handled by smart contracts.

Venture Capital / Accredited Investors — Contact us here.

Startups wishing to apply for Genius X Accelerator program membership can fill out the form here.