BitMart, a premier global digital asset trading platform will list Genie Protocol (GNP) on January 25, 2021. For all BitMart users, the GNP/USDT trading pair will be officially available for trading at 07:00 AM EST.
What is Genie Protocol?
Genie protocol is a defi protocol for buying sets or “funds” of tokens governed by Genie Dao and is the first protocol for buying sets or “funds” of native multichain tokens.
The GNP token is the governance token of the Genie Dao and will be used to decide Genie Protocol evolutions.
Genie: how does it work from a user perspective?
Among GNP DAO members you will find the best of the Cryptocurrency analysts!
The members of the DAO will be able to analyze, choose and vote the best tokens to be included in the various funds
Powered by the Ethereum and Binance Smart Chain blockchains
GNP protocol allows you to easily diversify among multiple Dao created index funds.
Earn the protocol fees
The fees generated by the Genie Protocol will be used in a token buyback mechanism, some will be redistributed to the community of hodlers who stake their project tokens and a last portion will be burned (subject to DAO approval) according to deflationary models.
About BitMart
BitMart Exchange is a premier global digital assets trading platform with over 5 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 370+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About Genie Protocol
The engagement between a VIP and the community is sometimes impossible and social networks are not always the solution. However, Genie Protocol is here to provide an experience where you can be part of something that actually is possible. Staking mechanisms will be used to distribute the remaining GNPs to the community and incentivise capable handlers with diamond hands.The commissions generated by Genie Protocol will be used to buyback GNP tokens, which will be distributed among the staking pools to reward the most faithful hodlers. To learn more about Genie Protocol, please visit their website, follow their Twitter and join their Telegram.
