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Genius introduces an airdrop "Refund" option, allowing users to burn 100% of GENIUS to receive a platform fee refund.
Techub News, supported by YZi Labs, announced that the Perp DEX trading platform Genius has added a “Refund” feature to its airdrop plan based on community feedback.
Users can choose to burn all GENIUS airdrop shares within 48 hours after TGE in exchange for a refund of the net fees collected by the platform.
Genius stated that the refund applies only to net fees, not all costs; it has previously issued over $7 million in cash refunds and $1.3 million in referral rewards to the trading community.
If the total trading fee is 20 basis points (with 15 basis points from Pancake Swap and 5 basis points from Genius), only the 5 basis points collected by Genius will be refunded.
If users believe holding GENIUS has more long-term value, they can choose accordingly, and the team will continue listening and building together with the community.