PerpDEX Trading Terminal Releases Official Airdrop and Points Whitepaper, Distributing 10 Million GP Every Week
);)
GENIUS tokens issued before the end of Season 1… Airdrops increased by 50%.
Genius, supported by YZi Labs, announced its official airdrop and points white paper on the 19th.
According to the white paper, Season 1 will end on April 12th, and GENIUS tokens will be generated before that date. By specifying the timing of token issuance, users can now predict when they will receive their airdrop.
With the release of this white paper, Genius announced a 50% increase in airdrop distribution compared to the original plan. At the same time, the value of each point will also be increased by 50%, providing greater rewards to early participants.
10 million GP distributed weekly… Retroactive application based on spot trading volume
From now until April 12th, GENIUS will distribute 10 million GP (Genius Points) every week. GP is awarded based on user activity on the GENIUS platform and will serve as the basis for future GENIUS token airdrop distribution.
It's important to note that GP is distributed retroactively. This means that trading activity prior to the white paper's release is also included in the point calculation, creating a structure that benefits existing users.
GP is distributed solely based on spot trading volume. Points are awarded only for spot trading, not perpetual futures trading. Genius stated that the value of GP earned through trading volume will remain the same as before.
Competition in the airdrop market intensifies… User acquisition strategies
Recently, cryptocurrency projects have been actively utilizing large-scale airdrops and point programs to secure early users. Genius is also pursuing an aggressive user acquisition strategy, increasing airdrop distribution by 50% and increasing point value.
An industry insider analyzed, "The fact that Genius increased the airdrop size by 50% shows that competition in the PerpDEX market is intensifying," and "It seems to be a strategy to prevent the loss of existing users while promoting the influx of new users by adopting a retroactive distribution method."
He continued, "Distributing GP based solely on spot trading volume is a measure to encourage real trading activities and prevent Sybil Attacks," adding, "10 million GP will be distributed every week for approximately three months until April 12, so a total of approximately 120 to 130 million GP is expected to be distributed in Season 1."
The issuance and airdrop of GENIUS tokens by Genius is expected to be a significant milestone in expanding the user base in the PerpDEX market. Further information regarding token economics and governance structure is expected to be released in the future.
Joohoon Choi joohoon@blockstreet.co.kr
