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The Genius project team has just updated the airdrop and points white paper. This update involves several key milestones and distribution details.
The first quarter is scheduled to end around April 12, with the TGE( token generation event) expected to launch before April 12. Based on this schedule, the progress can be considered rapid. The total airdrop allocation is set at 200 million GP, with 75 million GP already distributed and 125 million GP remaining to be allocated. The remaining points will be gradually released at a rate of 10 million GP per week.
To ensure fairness, the project has implemented a strict measure — all points earned through invitations in the first week will be fully reclaimed. This measure aims to prevent early arbitrage behavior by rapidly accumulating points through invitation spamming, ensuring the rights of subsequent participants.
Wait, TGE so soon? Before April 12th? Are you sure the timeline is this tight?
A release speed of 10 million per week, it seems like the ones taking over will have to queue up later
With only 125 million remaining to be gradually released, it looks like we’ll have to wait a few months.
All invitation points recovered in the first week? Haha, now those who spammed invitations are probably crying.
But on the other hand, this anti-cheating approach really helps ensure fairness, so I do approve.
Wait, if 10 million are released weekly, how long will it take to distribute the remaining amount? Has anyone calculated it?
Wait, is the entire invitation revoked in the first week? So I’ve been wasting my time these past few days?
1.25 billion GP slowly released, at this pace... we’ll be waiting until the Year of the Monkey.
To be honest, this anti-spam invitation tactic is really ruthless, but it seems latecomers didn’t get any bargains either.
Caught right before the TGE, let’s see how it plays out on April 12.
Does TGE really have to be before April 12? It feels like the major trading pairs haven't settled yet.
Wait, 125 million GP divided over 52 weeks? How much can each participant expect to get? I'm not sure.
This time, it seems pretty serious, at least not just a pure money-grabbing scheme.
Why did all the invitations disappear in the first week? That's a bit unfair... but I understand the need to prevent cheating.
But speaking of which, the TGE on April 12th is indeed coming soon, feels like I just participated not long ago.
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1.25 billion GP is being released gradually, with such a long cycle, it feels like the airdrop vibe is fading more and more.
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Reclaim invitation points? It sounds good to say it's to prevent arbitrage, but actually it's just to avoid being exploited.
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TGE before April 12th, this progress is indeed fast, but I'm just worried it will be so fast that it turns into chaos.
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Distributing a total of 200 million across multiple phases is a cautious approach in the long run, but who can hold out in the short term?
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I've heard this strict measure explanation too many times; in the end, it's just various forms of disguised arbitrage.