Supported by YZi Labs, the on-chain trading platform Genius announces a major upgrade to its points system. Starting from 8:30 AM on January 18 (UTC+8), dynamic points distribution will be paused, and the platform will transition to a retroactive points system.



All points previously accumulated through trading will remain in users' accounts and will not be lost. Notably, the first round of the retroactive activity will officially launch at 4:00 PM Eastern Time on January 19.

Regarding the specific retroactive rules and points calculation methods, Genius states that the airdrop white paper will be released soon, and detailed explanations will be provided at that time. If you are a long-time user of the platform, this system upgrade may bring new profit opportunities.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
rugpull_ptsdvip
· 10h ago
Another major overhaul of the points system, feels like this time it's a bit different Paused dynamic issuance changed to traceability? We'll have to wait for the white paper to see the rules clearly, this pattern feels a bit familiar Old users' points won't be lost, which is always reassuring, but how the traceability is calculated is the key Before the white paper is released, it's all just theoretical, so I'll keep observing for now
View OriginalReply0
NotSatoshivip
· 10h ago
Traceability system? Another white paper pending release, this routine feels a bit familiar. Here we go again, pause first and then trace back. Not losing points is pretty good. Long-time users might really benefit this time, it all depends on how the rules are written. Wait for the white paper, anyway the points won't run away from there.
View OriginalReply0
SatoshiNotNakamotovip
· 10h ago
Wait, you're already tracing before the white paper is out? This pace is a bit fast. The tracing rules are unclear, which makes people look forward to it, but it feels a bit like a routine. Not losing points is a good thing, but the specific calculation will have to wait until the white paper. Long-time users, is this really a chance to get some benefits, or is it another round of harvesting? Pausing dynamic issuance to switch to tracing sounds like a plan to redistribute weights?
View OriginalReply0
MercilessHalalvip
· 10h ago
Still playing the trace game here, same old routine Wait, not losing points is pretty good When will the white paper be released, and why is it "coming soon" again
View OriginalReply0
CompoundPersonalityvip
· 10h ago
Just pause if you want, anyway the points won't decrease, I'm just worried that the white paper will be a bunch of empty promises again. Retaining the points is somewhat considerate, but the lack of transparency in the retroactive rules is a bit off-putting. Let's wait for the white paper, the套路 are pretty much the same anyway. Old user benefits? They're right here, but next time it might be the same old trick of falling token prices and shrinking airdrops. Genius's upgrade this time is just to grab our expectations. This kind of stopping issuance and retroactivity, honestly, is just collecting data and cutting heads. See you tomorrow afternoon, who knows, maybe another surprise "optimization".
View OriginalReply0
BackrowObservervip
· 10h ago
Wait, loyalty points? Is this another new trick to trap users? --- It's good enough if the previous points can be retained. I'm just worried that once the white paper is released, there will be a bunch of incomprehensible rules. --- Old users? I just want to know how my points are calculated under the new rules. Don't make it more complicated than before. --- Starting at 4 PM tomorrow? That's a pretty harsh timing. Should I just rush after work? --- What is YZi Labs planning this time? To put it nicely, it's an upgrade; to be less nice, it's changing the rules. --- The promise that points won't be lost is somewhat considerate, but how to monetize them later is the key. --- Waiting for the white paper again. It’s always like this—once released, it’s dense and unreadable for everyone.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)