Genius Season 2 Ends: 173 Million GP Distributed, GENIUS Corresponding to Fee Refund Applications Will Be Permanently Burned

Odaily News: Genius has announced the official end of Season 2, with 173 million GP distributed this season, against an originally planned total of 200 million GP. Genius has also introduced a full fee refund mechanism, with the refund window opening on October 6 at 11:00 ET and lasting until October 11 at 11:00 ET. Users who choose to request a refund can receive a 100% refund of the fees paid to Genius during Season 2, but will forfeit the GP earned this season, and the corresponding repurchased GENIUS will be permanently burned.

Users who do not opt for a refund can, starting October 12, choose in a second 5-day window to unlock their allocation immediately with an 85% deduction, or lock for 24 months and receive 100% of the airdrop allocation.

The 173 million GP distributed this season corresponds to a potential claimable allocation of up to 6.055% of the total GENIUS supply, with the remaining 0.945% to be automatically burned, and the GENIUS corresponding to refunds will also be permanently burned.