GSTOCK, a token launched on the genius. fun platform in the BSC ecosystem, continued to rise on Sept. 18 and briefly pushed its market capitalization above $18 million, according to GMGN market data. The token was later quoted at $17.64 million, while trading volume moved past $16.7 million. GSTOCK is paired in its base pool with BNCB, the on-chain token of BNB treasury company BNC. The move came after Genius Terminal, an on-chain trading terminal backed by YZi Labs and advised by CZ, said the previous night that it had officially launched its token issuance platform, genius. fun, on BNB Chain. The platform supports creators in transferring tokenized stocks such as bSTOCKS into an ownerless foundation and unwrapping them, then attempting to exercise equity-related rights off-chain. BlockBeats also cautioned that the related tokens can see sharp price swings and that users should be careful when investing.
GSTOCK, a token launched on the genius. fun platform in the BSC ecosystem, continued climbing on Sept. 18 and briefly took its market capitalization above $18 million earlier in the day, according to GMGN market data. It was later quoted at $17.64 million, with trading volume exceeding $16.7 million.
GSTOCK is paired in its base pool with BNCB, the on-chain token of BNB treasury company BNC. The previous night, Genius Terminal, an on-chain trading terminal backed by YZi Labs with CZ serving as an advisor, announced that it had officially launched its token issuance platform, genius. fun, on BNB Chain.
The platform supports creators in transferring tokenized stocks such as bSTOCKS into an ownerless foundation and unwrapping them, then attempting to exercise equity-related rights off-chain. BlockBeats said users should be cautious, noting that prices of related tokens can be highly volatile.
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