1st Accelerator’s Token Distribution! · Cardano Feed

The Genius X Accelerator project has distributed its first tokens to eligible $GENSX token stakers. This distribution includes $FLDT, $DG, $REACH, $HYN, and $ADA. Stakers can claim their rewards through the Genius Yield's Rewards dashboard, with the snapshot taken on January 31st, 2024.

Genius X Accelerator Project Token Distribution: Empowering Stakers with Exclusive Rewards

The Genius X Accelerator is proud to announce the inaugural distribution of project tokens to eligible $GENSX token stakers, marking a significant milestone in our commitment to inclusive growth and community-driven success. This initial distribution marks the first of many planned token allocations, offering stakers the opportunity to participate in the success of the accelerator's promising portfolio of blockchain startups.

Initial Token Distribution Details

• Distribution Date: March 20, 2024
• Claimable Rewards: $FLDT, $DG, $REACH, $HYN, and $ADA (derived from launchpad sales fees)
• Snapshot Date: January 31, 2024, at 12:00 UTC
• Eligibility: Stakers who held $GENSX tokens between July 7, 2023 (token launch date) and January 31, 2024

Eligible stakers can access their rewards through the Genius Yield Rewards dashboard.

Upcoming Token Distributions

All $GENSX token stakers are entitled to participate in future accelerator token distributions. These distributions will occur on the 25th of each month, with the next scheduled for April 25, 2024.

Eligibility Criteria

To qualify for upcoming token distributions, stakers must maintain an active $GENSX Staking Vault in the month preceding the distribution. Wallet snapshots will be taken on the last day of each month (e.g., March 31, 2024, for the April 25 distribution).

Reward Calculation

The allocation of tokens will be based on the following factors:

• Duration of the $GENSX Staking Vault
• Amount of $GENSX staked
• Galaxy NFT ownership

Example

For the upcoming token distribution on April 25, 2024, the snapshot will be taken on March 31, 2024. GENSX Staking Vaults created before April 1, 2024, will be eligible for the distribution. However, a Stake Vault created on March 31, 2024, will receive a lower allocation than a Stake Vault created on March 1, 2024 (assuming equal $GENSX staked and no Galaxy NFT ownership).

$GENSX Token Utilities

By staking $GENSX tokens on the Genius Yield Platform, holders unlock a suite of exclusive benefits, including:

• 20% of tokens acquired through the Genius X Accelerator and fees generated by the Genius X Launchpad
• Governance participation
• APY-boosting NFT Lottery participation

APY Boosters

Stakers can further enhance their rewards through APY boosters based on staking duration:

• 20% fee/rewards-based token distribution: APY booster for ALL tokens in the program

• Locked staking vaults:

  • 6-month: 3% weighting booster in various tokens
  • 9-month: 6% weighting booster in various tokens
  • 12-month: 10% weighting booster in various tokens

• APY booster for $GENSX tokens:

  • 6-month: 5% APY in $GENSX tokens
  • 9-month: 7% APY in $GENSX tokens
  • 12-month: 11% APY in $GENSX tokens

• Additional APY booster for locked $GENSX tokens with Genius X ISPO and Galaxy NFTs:

  • Vesta NFT: +3% APY in $GENSX tokens
  • Comet NFT: +6% APY in $GENSX tokens
  • Titan NFT: +10% APY in $GENSX tokens
  • Galaxy NFT: +10% APY in $GENSX tokens

About Genius X

Genius X is a pioneering tokenized, blockchain-agnostic business accelerator and launchpad for meticulously vetted early-stage blockchain startups. Our mission is to foster a decentralized and inclusive future driven by the brightest minds leveraging blockchain technology.

The Genius X Accelerator provides tailored support to ambitious founders, empowering them to transform their startup visions into scalable solutions that contribute to multiple blockchains. We accelerate the most promising startups through comprehensive advisory services, including marketing, business strategy, token design, fundraising, and token sales, equipping them for success.

The Genius X Launchpad is an advanced smart contract-based platform that supports various major blockchain networks. It offers a secure and streamlined platform for participants to invest in early-stage blockchain projects. Unlike other launchpads, the Genius X Launchpad operates non-custodially, with smart contracts managing platform operations.

Contact Information

• Venture Capital / Accredited Investors: Contact here
• Startups seeking Genius X Accelerator membership: Apply here