Token Utility
$GENS token is a Cardano native token.
Native token is a new feature that enables the transacting of multi-assets on Cardano. Users can transact with ADA, and with an unlimited number of user-defined (custom) tokens natively.
Native tokens offer distinct advantages for developers: there is no need to create smart contracts to handle custom tokens since the ledger takes all token-related functionality.
The native tokens feature extends the existing accounting infrastructure defined in the ledger model.
$GENS tokens are the native tokens of the Genius Yield Protocol.
The $GENS token acts as a governance token, and anyone holding $GENS is part on the decision making of the platform upgrades.
The Genius Yield ecosystem enables users to earn rewards. 20% of the platform fees on the DEX & Yield Optimizer fees will go to $GENS stakers.
Last modified 6mo ago