Early Trading Bonanza? Understanding Genius' New Rules in One Article
- Core Viewpoint: Decentralized exchange Genius has updated its GP points rules, clarifying the total supply and distribution method for Season 1 points, and set the token TGE time window, increasing project certainty and attracting user attention.
- Key Elements:
- The total GP points for Season 1 is fixed at 200 million. 75 million have already been distributed to early trading users, with the remaining 125 million to be distributed weekly with weighting starting from January 20.
- Under the new rules, the only way to earn GP points is by generating trading volume through spot trades. Task-based points like referral rewards have been removed, and stablecoin swap trading volume carries half the weight.
- The platform has introduced a fee tier system based on cumulative trading volume and retains the incentive where referring friends to trade earns a 35% fee rebate.
- The official confirmed that the GENIUS token will have its TGE (Token Generation Event) at a random time point before April 12, 2026 (the end of Season 1).
- Despite technical issues on the platform, its clear TGE plan, limited total point supply, and strong funding background (having received tens of millions of dollars in investment from YZi Labs) have boosted its market attention.
Original | Odaily (@OdailyChina)
Author | Asher (@Asher_ 0210)
Yesterday, DEX Genius, which generated significant discussion last week, announced on X new points rules: Season 1 will end on April 12, and the airdrop allocation will increase by 50%.
It's worth noting that the Genius team stated that GP points earned from generating trading volume through transactions have been retained. Congratulations to those who participated early using the points farming guide shared by Odaily (Click here to read the article: YZi Labs Invests Tens of Millions, CZ Serves as Advisor, How to Farm Genius Points?). They might have already "earned a ton" of GP points (Platform official website: https://www.tradegenius.com/).
Early users "aggressively farmed" trading volume, earning massive transaction GP points.
Below, Odaily interprets Genius's new GP points rules to help users better participate in platform interactions and earn GP points.
Season 1 Total: 200 Million GP Points, 125 Million GP Points Still to be Distributed
Previously, the community had many questions about GP point distribution. The official team now emphasizes that Season 1 has a total of 200 million GP points, with no additional issuance. The specific allocation is as follows:
- 75 million GP points have been distributed. This portion consists of trading points earned by users before the platform's whitepaper update; GP points from referral rewards have been reclaimed.
- 125 million GP points remain to be distributed. The total points for the wheel spin reward are 5 million GP. Referral reward points and the task for earning points through transaction count have been canceled.
The remaining 125 million GP points will start distribution from 5:00 AM Beijing Time today (January 20), occurring once every weekend, with 10 million GP points distributed each time. Furthermore, points are allocated using a weighted distribution to ensure whale-level traders do not monopolize all GP releases, allowing smaller traders to also receive GP allocations.
It's worth noting that the trading volume weight for stablecoin swaps between USDT and USDC has been adjusted to 0.5x, while the weight for all other spot trading volumes remains at 1.0x.
Interpretation of Other Changes in the New Rules
As explained by team members in the official Telegram regarding the new rules, on one hand, all previous GP task points (trading tasks + referral tasks) have been cleared. On the other hand, under the new rules, GP points can only be earned by generating trading volume through spot trading.
Official explanation of the new rules
New Trading Tiers
The new rules define trading tiers and corresponding fee discounts as follows:
- Level 1——Smart: Cumulative trading volume $100,000, trading fee 0.3%;
- Level 2——Ultra Genius: Cumulative trading volume $1 million, trading fee 0.2%;
- Level 3——Mastermind: Cumulative trading volume $10 million, trading fee 0.1%;
- Level 2——Mogger Genius: Cumulative trading volume $100 million, trading fee 0.05%.
Currently, the platform is still in a zero-fee trading promotion. The end date for this activity has not been announced.
Referral Rewards
Referring friends for trading no longer generates GP point rewards. However, after the platform ends the zero-fee activity, users can earn a 35% commission from the trading fees paid by their invited friends.
For example, if an invited user's trading fee tier is 0.2%, the referral commission earned would be 0.07% (35% * 0.2%).
GENIUS Token to be Created Before April 12, 2026
According to the documentation, the GENIUS token will be created before the end of Season 1. Therefore, the TGE (Token Generation Event) will occur randomly between now and April 12.
Platform Has Many Bugs, But Strong Funding Background and Confirmed TGE Make It Worth Watching
Since its launch a few days ago, Genius has been overloaded due to a massive influx of workshops, resulting in frequent bugs. Although the team has been working hard to resolve issues, some functionalities remain problematic and unsatisfactory for users. As of now, referral points and trading tasks are still not fully deactivated, and the wheel spin reward is still under maintenance.
With the new rules update and the TGE confirmed before April 12, the certainty of "farming" Genius has significantly increased. With only 200 million GP points distributed before TGE, it means GP points will be exceptionally "valuable," and the cost of acquiring GP points will only rise. KOL Nathan stated, "With tens of millions in investment, the FDV should be around $300-500 million. Congratulations to those who got on board in the past few days, earning 37.5% of the total airdrop allocation in 3 days." Based on the data below, assuming a $300 million FDV and a 10% airdrop allocation, each point would be worth $0.15.
Genius Points Value Estimation
Perhaps it's still worth interacting with, especially during the first week of the new rules while trading fees are still zero.
