[Genius Terminal Co-Founder Responds to S2 Points Controversy: Rules Are Adjustable, Personal Tokens Will Not Unlock Before User Tokens] On September 25, Ryan Myher, Co-Founder of Genius Terminal, responded to controversies surrounding adjustments to the S2 points rules: “Genius is fundamentally a terminal for trading crypto assets; points are merely an additional benefit users may earn through trading on Genius. Every user who trades on Genius has agreed to our airdrop terms. If you’ve been using the platform since SZN 1, you’ve actually agreed twice. Without accepting these terms, you cannot use the platform. Points are inherently an additional benefit, so the points rules will be adjusted according to actual conditions. Recently, trading volume on the terminal has decreased slightly, so the daily points distributed have also been reduced. One thing we can guarantee: personal tokens will not unlock before user tokens.” Earlier on the 24th, it was reported that Genius, an on-chain trading terminal backed by YZi Labs, had adjusted its Season 2 points program. The community had been led to believe that 70 million GENIUS tokens would be unlocked on October 25 to incentivize trading and points accumulation. The official documentation previously stated that Season 2 ran from April 10 to August 10, with 1.5 million points issued daily. Recently, the relevant webpage was updated—the period “April 10 to August 10” has been removed from the current documentation, and daily points have been reduced to 50,000. According to CoinMarketCap data, the unlocking of these 70 million tokens has been delayed until February 2028. Some participants are demanding that the tokens be unlocked according to the original schedule or that fees related to Season 2 be refunded.
Genius Terminal Co-Founder Addresses S2 Points Controversy; Rules May Change
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Summary
Genius Terminal co-founder Ryan Myher addressed the S2 points controversy, confirming that cryptocurrency rules may be adjusted as needed. The company revised the daily points distribution from 1.5 million to 50,000 and delayed the unlocking of 70 million GENIUS tokens to February 2028. Some users are demanding the original schedule or a refund. Crypto news outlets such as Jinse Finance reported the update. The company clarified that personal tokens will not unlock before user tokens.
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