Genius Terminal has released first-day figures for Genius. fun, its token launch platform backed by YZi Labs and advised by CZ. According to the update published on Sept. 19, the platform created 13,001 tokens within 24 hours of launch, paid a total of $529,400 in fee-sharing to creators, and recorded $303,100 in buybacks. Genius. fun officially went live on BNB Chain on the evening of Sept. 17. The platform supports creators who want to move tokenized stocks such as bSTOCKS into ownerless foundations and unwrap them, with the stated aim of attempting to exercise equity-related rights off-chain. Market data from GMGN shows that GSTOCK currently has the highest market capitalization among tokens issued on Genius. fun, at $6.9 million. After launch, the token briefly surged past $10 million in market cap. GSTOCK is paired in a liquidity pool with BNCB, the on-chain token of BNB treasury company BNC. BlockBeats noted that price swings in related tokens are large and said users should be cautious when investing.
Genius Terminal, an on-chain trading terminal backed by YZi Labs and advised by CZ, released 24-hour launch data for its new token issuance platform, Genius. fun, on Sept. 19.
The platform said 13,001 tokens were created in its first 24 hours. It also paid $529,400 in fee-sharing to creators and recorded $303,100 in buybacks.
Platform went live on BNB Chain on Sept. 17
Genius. fun officially launched on BNB Chain on the evening of Sept. 17. The platform supports creators in moving tokenized stocks such as bSTOCKS into ownerless foundations and unwrapping them, then attempting to exercise equity-related rights off-chain.
GSTOCK leads by market capitalization
According to GMGN market data, GSTOCK currently has the highest market capitalization among tokens issued on Genius. fun, at $6.9 million. The token briefly passed $10 million after going live. GSTOCK is paired in a liquidity pool with BNCB, the on-chain token of BNB treasury company BNC.
BlockBeats warned that related token prices are highly volatile and said users should be cautious with investments.
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