727 FinancePANews reported on October 3 that Genius announced that the second season has officially ended. This season, it was originally planned to distribute 200 million GP, but actually distributed 173 million GP. In addition, any user who chooses to receive a refund will receive a full refund of Genius fees, and the corresponding GENIUS tokens will be destroyed. The refund window will be open from 0:00 on October 7th to 0:00 on October 12th. Users who request a refund will receive a 100% refund of the fees paid to Genius and lose GP earned during Season 2. All repurchased $GENIUS will be destroyed.
PANews October 3 news: Genius announced that Season 2 has officially ended. This season was originally planned to distribute 200 million GP, but actually distributed 173 million GP. In addition, users who choose to claim a refund will receive a full refund of Genius fees, and the corresponding GENIUS tokens will be burned. The refund window will open from 0:00 on October 7 to 0:00 on October 12. Users who apply for a refund will receive a 100% refund of the fees paid to Genius and will lose the GP earned during Season 2. All repurchased $GENIUS will be burned. Users who do not choose a refund can, starting October 12, choose in a second 5-day window to unlock their allocation immediately, but with an 85% deduction, or lock it for 24 months and receive 100% of the airdrop allocation. The 173 million GP already distributed this season corresponds to a potential claimable allocation of up to 6.055% of the total GENIUS supply, and the remaining 0.945% will be automatically burned. The GENIUS corresponding to refunds will also be permanently burned.