Genius X is Initial Stake Pool Offering (ISPO)
“Aiming to revolutionize the business accelerator experience and provide unparalleled support for ambitious crypto startups, Genius X is raising funds through a public ISPO and helping foster innovation in the Cardano ecosystem”.
Genius X is proud to announce the launching of its Initial Stake Pool Offering (ISPO) scheduled to begin from May 15, 2022 to September 12, 2022.
As they will use live stake to calculate reward, people will need to stake starting May the 10th 21:45 UTC to be eligible for the first rewards.
How to participate in Genius X ISPO?
Current Genius Yield ISPO delegators don’t have to change their delegation to be part of the Genius X ISPO.
The Genius Yield ISPO is already a big success. By early April 2022, there were over 13,500 participants cumulatively locking over 2.5 billion ADA. The Genius X ISPO presents another opportunity for Genius Yield ISPO ADA delegators to earn more rewards.
New delegators can enter Genius X ISPO by staking to Genius X ISPO pools if the pools are not saturated. Any ADA added after saturation will not earn any $GENSX rewards for 100% Genius X pools nor $GENSX/$IAG Rewards for 50%$GENSX/ 50% $IAG pool (GENS2).
What are the benefits of staking into the Genius X ISPO?
$GENSX is a utility token. Holders can stake $GENSX to receive a share of the platform revenue and clients’ tokens besides participating in governance and gaining early access to Genius X launchpad sales starting Q4 2022.
Genius X is also incentivizing ADA delegation by rewarding bonus NFTs whose utilities will be announced in the weeks ahead. The type of NFT awarded depends on the delegation period.
There are three categories of Utility NFTs:
- Titan NFTs will be awarded to users who stake at least 500 ADA for 21 epochs and more.
- Comet NFTs will be awarded to users who stake at least 500 ADA for 14 epochs and more.
- Vesta NFTs will be awarded to users who stake at least 500 ADA for a minimum of 7 epochs.
About Genius X
Genius X is an accelerator program launched by the world-class team behind Genius Yield. Their goal is to foster innovations on Cardano by providing early-stage blockchain startups with all the tools they need to become successful.
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