Huo Xing Cai Jing reports that on April 13, Genius, a Perp DEX trading terminal supported by YZi Labs, announced the addition of a "refund" feature to its airdrop program in response to widespread community concerns regarding token distribution. According to the official announcement, users may choose to burn their entire GENIUS airdrop allocation within 48 hours after the TGE (Token Generation Event) in exchange for a refund of net fees paid to the platform. Genius emphasizes that refunds are based on net fees, not gross fees—platforms have already distributed over $7 million in trading rebates and over $1.3 million in referral rewards, both of which have been deducted from the refundable amount. Additionally, refunds cover only fees collected by Genius itself; fees charged by third-party protocols (such as PancakeSwap) are not eligible. The official statement notes that users may freely choose whether to hold GENIUS or apply for a refund, and warns that any false claims regarding "partial refunds" will be addressed immediately.
Genius Adds Refund Option for Airdrop in Response to Community Concerns
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Summary
On-chain news broke on April 13 as Genius, a Perp DEX terminal backed by YZi Labs, added a refund option to its airdrop plan. Users can burn their GENIUS tokens within 48 hours of TGE to receive a refund of net fees. Genius clarified that the refund excludes third-party fees and noted that over $7 million in fees and $1.3 million in referral rewards have already been deducted. The platform urged users to avoid false claims regarding partial refunds. New token listings continue to attract attention as projects adapt to community feedback.
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