Genius Terminal, an on-chain trading terminal backed by YZi Labs and advised by CZ, said it officially launched its token issuance platform genius.fun on BNB Chain on the night of Sept. 17, according to BlockBeats. The platform is designed to let creators move tokenized stocks such as bSTOCKS into ownerless foundations and unwrap them, then attempt to exercise equity-related rights off-chain.
Market data from GMGN showed that GSTOCK stood out among the tokens launched through genius.fun. After going live, the token’s market capitalization moved past $10 million in the early hours and was later quoted at $11.72 million, with trading volume exceeding $15.4 million. GSTOCK is paired in its liquidity pool with BNCB, the on-chain token of BNB treasury company BNC.
BlockBeats added a risk warning, saying that prices of related tokens are highly volatile and that users should be cautious when investing.
Genius Terminal, an on-chain trading terminal backed by YZi Labs and advised by CZ, announced on the night of Sept. 17 that it had officially launched genius.fun, its token issuance platform, on BNB Chain, according to BlockBeats.
The platform supports creators who want to move tokenized stocks such as bSTOCKS into ownerless foundations and unwrap them, then attempt to exercise equity-related rights off-chain.
Data from GMGN showed that GSTOCK emerged as a standout among the tokens launched on genius.fun. After listing, its market capitalization passed $10 million in the early hours and was later quoted at $11.72 million, while trading volume topped $15.4 million.
GSTOCK is paired in its liquidity pool with BNCB, the on-chain token of BNB treasury company BNC.
BlockBeats warned that prices of related tokens can be highly volatile and said users should be cautious with investments.
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