Huo Xing Finance reports that on November 5, according to official announcements, Genius.fun has launched a token buyback mechanism based on fee revenue, with the first eligible token being GSTOCK. According to the announcement, 20% of the fee revenue generated by Genius Foundation from GSTOCK trading pairs will be dedicated to repurchasing GSTOCK. Additionally, this mechanism is not limited to GSTOCK; other tokens with a market capitalization exceeding $2 million are eligible to apply for the same arrangement—allocating a portion of the fee revenue generated from their trading pairs toward token buybacks. This means that qualifying projects can apply to link transaction-generated fees to token buybacks, with GSTOCK serving as the first pilot token for this mechanism.
Genius Launches Fee-Based Token Buyback Mechanism, GSTOCK as First Pilot
MarsBitShare
Summary
Genius.fun has launched a fee-based token buyback mechanism, with GSTOCK as the first pilot. The platform will allocate 20% of trading fees from GSTOCK trading pairs to repurchase the token. Altcoins to watch include other projects with a market cap above $2 million that may adopt the same model. Buyback amounts will be determined by the trading volume of these pairs.
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