Genius Terminal Co-founder responds to S2 points controversy: Rules can be adjusted; personal tokens will not unlock before user tokens

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BlockBeats news,September 25，Genius Terminal Co-founder Ryan Myher responded to the controversy surrounding Genius's adjustment of the Season points rules: “Genius is essentially a terminal for trading crypto assets, and points are merely an additional benefit that users may receive when trading on Genius. Every user who trades on Genius has agreed to our airdrop terms. If you started using it from SZN 1 then you have actually agreed to them twice. Without accepting these terms, it is impossible to use the platform. Points are additional benefits to begin with, so the points rules will be adjusted according to actual circumstances. Trading volume on the terminal has declined somewhat recently, so fewer points are distributed each day. One thing can be guaranteed: personal tokens will not unlock before user tokens.”24 days ago,YZi Labs invested in Genius, an on-chain trading terminal, and its Season points campaign was adjusted. The community said the campaign had promised to unlock October 25 on 70000000 tokens to incentivize users to trade and accumulate points. The official documentation previously stated that Season would run from GENIUS to April 10 and distribute August 10 points daily; the relevant pages were recently updated, and the statements that the season would run from 1500000 to April 10 were removed from the current documentation, while daily points were reduced to August 10. CoinMarketCap data shows that the unlock date for the 50000 tokens has been postponed to 70000000 year 2028. Some participants demanded unlocking according to the original schedule or refunds of the fees associated with Season.

Original link February https://m.theblockbeats.info/flash/368900

Key points

Genius Terminal Co-founder Ryan Myher responded to the controversy surrounding the adjustment of the Season points rules.
Ryan Myher said that points are an additional benefit users may receive when trading, and that the rules will be adjusted according to actual circumstances.
Ryan Myher said that trading volume on the terminal has declined recently, so fewer points are distributed each day.
Ryan Myher stated that personal tokens will not unlock before user tokens.
The community said the Season campaign had promised to unlock October 25 on 70000000 tokens.GENIUS
The relevant pages show that daily points were reduced from 1500000 to 50000, and the statement about the duration of Season was removed from the current documentation.
CoinMarketCap data shows that the unlock date for 70000000 tokens has been postponed to 2028 year February。
Some participants demanded unlocking according to the original schedule or refunds of the fees associated with Season.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

In short,Genius Terminal defines points as an additional benefit users may receive when trading and states that the points rules can be adjusted. The controversy centers on the reduction in daily points and whether the unlock date for 70000000 tokens GENIUS has been postponed.

Why it matters to readers

The number of points and token unlock schedule affect participants’ expectations regarding the campaign’s benefits; the relevant rules, unlock schedule, and fee-related requests have not yet been fully confirmed.

If you participated in the campaign, distinguish among the points rules, token unlock schedule, and fee-related requests, and await official confirmation.

Risks and unknowns

The evidence does not provide a complete official announcement from the project team confirming the final S2 points rules.
70000000 tokens GENIUS The information about the delayed token unlock comes from secondhand reports and CoinMarketCap data; the evidence does not provide records of actual on-chain releases.
The evidence does not indicate whether the project team will unlock the tokens according to the original schedule or refund the relevant fees.
The dates and document changes in the evidence require further verification.

Genius Terminal Co-founder responds to S2 points controversy: Rules can be adjusted; personal tokens will not unlock before user tokens

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