GSTOCK, a token launched on the BSC-based genius. fun platform, surged more than 217% over the past 24 hours, according to GMGN market data cited by BlockBeats on Sept. 21. Its market capitalization climbed to $27 million, while 24-hour trading volume topped $17 million. The token is paired in a liquidity pool with BNCB, the on-chain token of BNB treasury company BNC. The move comes after Genius Terminal, an on-chain trading terminal backed by YZi Labs and advised by CZ, said 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 ownerless foundations and unwrapping them, with the aim of attempting to exercise equity-related rights off-chain. BlockBeats also warned that tokens tied to the platform carry sharp price swings and that users should be cautious when investing.
GSTOCK, a token launched on the BSC ecosystem platform genius. fun, rose more than 217% over the past 24 hours, according to GMGN market data cited by BlockBeats on Sept. 21. Its market capitalization reached $27 million, and 24-hour trading volume exceeded $17 million.
GSTOCK is paired in its base pool with BNCB, the on-chain token of BNB treasury company BNC. Earlier, Genius Terminal, an on-chain trading terminal backed by YZi Labs with CZ serving as an advisor, announced the official launch of its token issuance platform genius. fun on BNB Chain. The platform supports creators in transferring tokenized stocks such as bSTOCKS into ownerless foundations and unwrapping them, then attempting to exercise equity-related rights off-chain.
BlockBeats warned that price swings in related tokens are large and that users should be cautious with investments.
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