Huo Xing Cai Jing reports that on April 12, Genius, a Perp DEX trading terminal supported by YZi Labs, announced details of its first-quarter airdrop, allocating a total of 70 million GENIUS tokens. Users can choose one of two claiming options: if they opt to claim immediately within the 7-day claiming window, they will face an automatic 70% burn penalty, receiving only 30% of their allocated amount, while the remaining 70% will be permanently destroyed; if they choose to take no action, their token allocation will be locked in a smart contract for one year, after which they can claim 100% of their allocated amount. Genius stated that this mechanism is designed to attract community members with long-term alignment and deter short-term speculation.
Genius Announces a 70M GENIUS Airdrop with a 70% Burn Option for Immediate Claiming
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Summary
Genius, a Perp DEX trading terminal backed by YZi Labs, announced a 70M GENIUS airdrop on April 12, 2026, as reported in on-chain news. Users can claim immediately with 70% of tokens burned, or wait a year to unlock 100%. The move targets long-term holders and discourages short-term speculation. Crypto news outlets highlight the strategy as a key step in building a sustainable community.
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