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Summary of Genshiro (GENS)
Overview
- Genshiro is a DeFi one-stop shop on Kusama, offering less risk and cross-chain capabilities.
- GENS is the native utility token used for various purposes.
Tokenomics
- Total GENS supply: 1.2 billion tokens
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Allocations:
- 45%: Lockdrop to EQ holders
- 5%: EQ staking bonus
- 15%: Liquidity farming
- 20%: Kusama IPO rewards
- 15%: Treasury</li
About Genshiro: Empowering a New Era of Cross-Chain Interoperability
Introducing Genshiro (GENS): A Revolutionary DeFi Platform
Genshiro is Equilibrium’s comprehensive DeFi hub on Kusama, empowering users to access a wide range of decentralized finance capabilities, while mitigating risk and facilitating seamless cross-chain interactions.
GENS is the native utility token, serving as a multifaceted medium of exchange, facilitating a wide range of interactions within the ecosystem.
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A token-based incentive for validators and collators operating blockchain nodes and engaging in parallel processing.
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A medium of exchange for settling transaction and interest fees.
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A mechanism for compensating transaction and interest fees.
A incentivization mechanism for validators and collators operating blockchain nodes, thereby facilitating concurrent processing.
A means of paying transaction and interest fees
A means of paying transaction and interest fees
Rescue financing and collateral liquidity in Kusama-based liquidity pools, where tokens accrue value.
- a decentralized governance token, empowering stakeholders to shape the future of the ecosystem
The Circulating Supply of GENS Coins: A Closer Look
The total GENS supply on Kusama amounts to 1.2 billion tokens. The allocation breakdown is as follows:
A generous 45% lockdrop allocation is reserved for EQ holders, ensuring their valued participation is duly recognized.
5% EQ staking bonus (additional rewards bestowed upon participants in)
Locked
Unlock 15% Liquidity Rewards through Farming
Twenty percent allocation of Kusama Initial Parachain Offering rewards
15% Treasury (providing a safeguard against catastrophic losses in the event of unforeseen “Black Swan” occurrences)
Delve into the intricacies of our GENS tokenomics:
Explore the comprehensive guide
.
The Visionaries Behind Genshiro: Meet the Founders
As a canary network of Equilibrium, Genshiro is spearheaded by its founder and CEO, Alex Melikhov. With a background in applied mathematics, Alex brings a strong engineering foundation to the table. Prior to venturing into the realm of blockchain, he was instrumental in driving fintech projects forward.
The current team has been collaborating since 2017, with a focus on Ethereum development. In 2018, they shifted their attention to EOS, marking the inception of a new development phase. Fast forward to April 2019, the team successfully launched the pioneering decentralized EOS-based stablecoin, EOSDT, as the inaugural product in the Equilibrium product suite. Today, EOSDT stands as the most liquid decentralized stablecoin and the largest DeFi project on EOS, boasting an impressive $14 million in total value locked within our smart contracts, with over 1,000 user positions generated.
Currently, the team is actively developing on Polkadot and Kusama, with the ultimate goal of achieving seamless cross-chain interoperability and transforming Equilibrium and Genshiro into a comprehensive, all-encompassing DeFi ecosystem.
Acquiring GENS: A Comprehensive Guide to Purchasing Options
GENS is now accessible for trading on an increasingly diverse range of exchanges, with its availability continually expanding.