On-chain trading terminal Genius announced that part of the revenue from Genius App will be used to buy back and permanently burn GENIUS, with plans to provide token holders with fee discounts, verification, and potential benefits.
X account @ytflzyyds stated that GENIUS an unspecified decision by CZ only emerged after an adviser's approval, and criticized an unnamed DAO. The post provided no decision details or supporting evidence.
The Genius Foundation announced the voting results, allocating approximately 125000 USD that cannot be unwrapped and redeemed BNB an equal amount to GSTOCK and GENIUS, with the execution results to be announced on X after completion.