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Genius responds to airdrop controversy, offering an airdrop refund option within 48 hours after TGE
Mars Finance News, on April 13, the Perp DEX trading terminal Genius supported by YZi Labs announced that its airdrop plan adds a “Refund” feature, addressing the community’s widespread concerns about token allocation.
According to the official announcement, users can choose to destroy all GENIUS airdrop allocations within 48 hours after the TGE (Token Generation Event) in exchange for a refund of the net fees the platform charges them. Genius emphasized that the refund is based on net fees rather than total fees—the platform has already refunded more than $7 million USD to the trading community and paid more than $1.3 million USD in referral rewards, both of which have been deducted from the refundable amount.
In addition, the refund only covers the portion collected by Genius itself; fees charged by third-party protocols (such as PancakeSwap) are not included in the refund scope.
The official statement said that whether to hold GENIUS or to apply for a refund is entirely up to the user, and warned that any false information about “non-full refunds” will be handled immediately.