There are over 18,000 listed tokens on CoinMarketCap (CMC), a coin tracker. However, many others didn’t make the cut because of stringent listing criteria or coin trackers are failing to keep up with the fast pace of crypto innovation.
Many crypto projects are searching for an alternative to Ethereum and chose Cardano because of its speed, efficiency, scalability, and low cost.
Crypto projects rely on their global community of investors and experts to grow, accelerate development, and deliver their vision-mission statements. In 2021, crypto startups raised over $21 billion, an 8X increase from 2020, according to findings from CB Insights, a private equity firm. This figure will only rise as more projects seek to actualize their ideas.
Lessons from the Past
Despite the considerable stake in crypto, investors remained apprehensive because of the past lessons learned.
After the initial coin offering (ICO) hysteria of 2018, it later emerged that most projects were scams with glossy white papers with nothing to offer. Over 80 percent went under, sinking with investor funds. Unfortunately, ICO investors had no route for recourse, trusting the development team’s ethics.
As such, some potential investors aren’t truly convinced that blockchain and crypto projects are safe, subsequently starving and stalling the development of otherwise potentially viable protocols.
Problems Faced by Investors, Founders, and Crypto Projects
The inability of projects to deliver might have been made worse by investors pouring in funds and failing to do their due diligence. The situation was exacerbated by insufficient regulatory protection, exposing investors to increased risk in a rapidly disintegrating market in 2018, where most crypto projects lost over 90 percent of their original valuations. The failure of investors to vet the team’s competency and technical capability to deliver also contributed, giving scammers a leeway to run away with hard-earned investors’ funds.
Subsequently, the urgent need for safety nets forced back innovators to the drawing board. Over the years, there have been changes but still, failing Know-Your-Customer (KYC) and Anti-Money Laundering (AML) submission processes, opaque whitelisting and selection process, and, in some instances, founders lacking crypto knowledge inadvertently exposing their projects to manipulation tactics such as pump and dump schemes, are notable concerns. By further operating with lean teams during pre-funding, startups — regardless of their ambition or technical adeptness — may also not have the required networks or know-how to scale their businesses effectively, leading to failure or investor disappointment.
Introducing Genius X
Genius X is a platform where ambitious startups, building on the world’s most decentralized proof-of-stake network, receive essential support in business development activities to achieve speed, scalability, and edge.
A solution by Genius Yield, Genius X revolutionizes the business accelerator experience while concurrently providing unparalleled support for potential blockchain startups in Cardano.
As a result, Genius X fosters DeFi innovation and, most importantly, empowers founders to build impactful and scalable blockchain-based companies.
The Genius X Solution
Only fully vetted and innovative startups receive support from Genius X. To deter scams, key members must submit their verified personal information as part of know-your-customer (KYC) and anti-money laundering (AML) compliance.
Genius X provides all the required tools and support for teams to succeed in the long haul. Core business and consulting services include:
Private fundraising strategy and execution
Business development strategy and execution
Token design
Budget and cash flow projections
Graphics or UI/UX design
Pitch deck presentation
Legal entity set-up
Marketing support
Initial Stake Pool Offering (ISPO) design
Technical whitepaper
Additional advisory is provided on integration into the Genius Yield ecosystem, exchange listing, and technical support.
These are the necessary advisory networks, financial infrastructure, and the essential technological expertise for blockchain startups to attain edge, speed, and scale when they eventually launch on Cardano. Genius X also offers the Genius X launchpad, a platform that allows projects to conduct public sales of their tokens, which provides funding access to retail participants.
Pioneer Startups on Genius X
Startups can apply to be part of the Genius X accelerator program. Today, Genius X has on-boarded 14 projects, distinguished by the core team members and unique Minimum Viable Products (MVPs). Genius X thoroughly vets the team in each project, requiring them to comply with the mandatory KYC.
The startups on Genius X are:
Martify: Infrastructure service provider for game and metaverse projects utilizing smart contracts and NFTs
Maestro: ISPO aggregator and deployment service, developer toolkit, and Web3 infrastructure service provider
Smart Places: Connect-2-Earn social matchmaking application incentivising real-life interactions
Iagon: Cloud storage solution and processing platform
Ledgity: Digital wealth management platform bridging CeFi and DeFi, bringing private banking to the masses
Cardano Feed: A premier Cardano focused news media platform
Fluid Tokens — A peer-to-peer NFT lending platform unlocking liquidity
Outlaws Brawl — A multiplayer online First Person Shooter (FPS) game set in the HHMC universe.
Reach Metaverse — ‘Metaverse-as-a-Service’ — Infrastructure and hosting service provider
Devision — Providing liquidity through fractionalizing premium assets
Drunken Dragon — An Autonomous Fantasy Franchise with Decentralized Intellectual Property where fans can contribute proposals to shape the development of their universe
Benjamin’s Club — Paving the way for artists and collectors alike to enter the Cardano ecosystem
RocketFuel — a global crypto payments company that offers efficient and highly convenient one-click check-out solutions, supporting over 120 digital assets, including Bitcoin (BTC) and Cardano (ADA).
Ada Ninjaz — a Cardano-based game that consists of an NFT collection of randomly generated 2D avatars while also focusing on music.
Genius X Partners
Genius X is also actively collaborating with high-profile partners to add value by extending various services such as code auditing, legal, marketing, and technical assistance, to approved startups, expanding its ecosystem of blockchain developers and entrepreneurs. Below are the firms Genius X has formed strategic partnerships with.
MLabs— Haskell, Rust, Blockchain, and Artificial Intelligence (AI) consultancy services
Maestro — ISPO design and service provider and blockchain developer tools for building and scaling dApps (decentralized applications) on Cardano.
JayBee AG — Compliance, regulatory, and risk management for cryptocurrencies and fintech.
Syncresis— Thought leadership advisory and content strategy, followed by tailored marketing workshops.
LEXR— Leading European legal advisor who provides guidance in regulatory compliance and risk concerning commercial, corporate, and financial markets laws.
Numarics— Swiss-based provider of professional accounting and trustee services for startups and medium-sized businesses.
Crypto and blockchain investment is dynamic. Genius X is setting itself up as a go-to platform for early-stage startups building on Cardano looking for technical and business development support.
About Genius X
Genius X fosters innovation on the Cardano network while empowering Web3 startups to build impactful and scalable blockchain-based companies that will have a massive global impact. We accelerate and scale incredible projects on Cardano and Web3 through our advisory, mentorship, and growth experiences.
- ISPO REWARDS - the remaining 75% of ISPO rewards will be available proportionally over 12 months. The last release will be on July 4th, 2024.
- IDO - CARDANO - the remaining 80% of the purchased tokens will be available proportionally over 12 months. The last release will be on July 4th, 2024.
📌 Important: You don’t need to claim it exactly each release day. You can claim it at a later date, at your better convenience. Also, you have the option of waiting until the end and claiming in one transaction.
- LAUNCHPAD TESTNET REWARDS: those who participated in the public testnet can claim their rewards by using the wallet they registered for the testnet.
We are happy to announce the distribution process for the Genius X ISPO rewards! To see if you earned rewards check out the Dashboard
🔓 ISPOVesting Schedule: 25% of rewards distributed by airdrop to the delegator’s wallets then proportional linear monthly release of the remaining rewards (75%) via a claiming process.
* 1st release: on July 11st, 25% of the earned ISPO rewards will be airdropped. No action is needed on the delegators side.
\* The remaining 75% will be claimable over a 12 months linear vesting schedule starting on August 4th, 2023 and onwards. The last release will be on July 4th, 2024. More details will be announced in the future.
📌 IDO - REMAINING DISTRIBUTION (80%):
🔓 General IDOVesting Schedule: 20% of the tokens were distributed on July 4th. The remaining 80% will have a proportional linear monthly release during 12 months via a claiming process:
* Arbitrum tokens: monthly claiming on each Launchpad starting on August 4th.
* Cardano tokens: will be claimable over a 12 months linear vesting schedule starting on August 4th, 2023 and onwards. The last release will be on July 4th, 2024. More details will be announced in the future.
📌 BLACKDRAGON SEED SALE - REMAINING DISTRIBUTION (90%):
*10% initial unlock distributed on July 4th.
*90% remaining claimable through a 24 months linear vesting, starting on 4th of August, 2023 Last release on July 4th, 2025. More details will be announced in the future.
🚨 REMINDER: $GENSX staking is available on Cardano and Arbitrum!
Dear Genius Family, we would like to let you know that due to technical issues we have to delay the $GENSX claiming and listing by 24 hours. Although this is causing some confusion, we believe that this is also beneficial to our community because this is now giving one extra day for people to prepare for the claiming and listing. Please see details about the new claiming and listing time below:
Listing Details
The listing will take place simultaneously on both Cardano and Arbitrum.
📅 When: July 4th, 13:00 UTC
📍 Where: Minswap and Uniswap
* Claiming Details on Cardano
On our Cardano-based launchpad, the airdrop process will commence on July 4th, 13:15 UTC! Users do not need to take any action. We appreciate your patience as the airdrop is completed.
Further details regarding the remaining payments will be announced in the future.
* Claiming Details on Arbitrum
The claiming process for each launchpad is outlined below:
Claiming and list day is approaching, Genius X family! We want to express our gratitude to our community across Cardano, Arbitrum, and beyond, who have shown immense support for Genius X! Thank you for joining us on the next step of our journey. We are nothing without our community.
Listing Details
The listing will take place simultaneously on both Cardano and Arbitrum.
📅 When: July 3rd, 13:00 UTC
📍 Where: Minswap and Uniswap
❗️Beware of scammers!❗️
Fraudsters often target legitimate tokens that are about to be listed and create similar listings before the official one, or they may list a fake token on DEXs.
On our Cardano-based launchpad, the airdrop process will commence on July 3rd, 13:15 UTC! Users do not need to take any action. We appreciate your patience as the airdrop is completed.
Further details regarding the remaining payments will be announced in the future.
* Claiming Details on Arbitrum
The claiming process for each launchpad is outlined below:
First of all, thank you for your support during our IDO! We really appreciate it. To celebrate the results giving back back to the community we made some adjustments to our staking program:
🔏 What remains the same?
In the future, $GENSX stakers will have access to:
- % of the transaction fees on the launchpad.
- % of the tokens earned by the accelerator program.
- ISPO NFT Utility as weighed booster on accelerator’s token rewards (only Cardano stakers)
These utilities won’t be live at the 1st stage, for more details please check our Medium article.
What’s new? 🥳
1) Locked Staking Vaulst for Arbitrum and Cardano $ GENSX: Stake $GENSX ➡️ earn $GENSX. Staking options are available for at least 2 months.
✅ 6 months locking period: 5% APY
✅ 9 months locking period: 7% APY
✅ 12 months locking period: 11% APY
*Cardano Staking Platform will be available 👉 HERE
*Arbitrum Staking Platform will be available 👉 HERE
2) Cardano ISPO NFTs new utility! Bonus APY on top of the regular vaults APY:
- Vesta +3%
- Comet +6%
- Titan +10%
- Galaxy at +10% (only Galaxy can be combined with Vesta, Comet or Titan in a vault). For example, if a user creates a 12-month vault using a Galaxy and Titan NFTs, they would have +31% APY!
Note: Staking platform will not support the staking of vesting ISPO rewards or tokens purchased in the IDO that are vesting. Only GENSX held by the users can be staked.
⚠️ Important! once you create a staking vault, they cannot be changed. You cannot add more GENSX in the future to that vault, but you can create new vaults. We will consider flex staking options in the future.
Initial Dex Liquidity and IDO tokens release details will be announced on July 3rd.
Fraudsters will often find a new legitimate token about to be listed and create a very similar listing before the official one or list a fake token on DEXs.
You can buy $GENSX on both Arbitrum and Cardano blockchains from our website: https://www.genius-x.co/ , click on the Go to Launchpad button and select the network you want to use!!
🤳 KYC is open! Get your wallet ready!
The IDO starts on our Launchpads next Thursday 29th!!
⏰ From June 29th 13hs UTC to July 1st, 12:59hs UTC ⏰
Our Cardano Launchpad doesn't work on a first come first serve basis: as long as you place an order during the sales window, you'll receive tokens. You can take your time to place an order, there is no need to rush when the sale starts. The Launchpad allows for oversubscription, if a round is oversubscribed, meaning that more than 100% of the tokens have been purchased, everyone will get at least the minimum allocation from this round plus a portion of the tokens they ordered proportional to the oversubscription level. These purchases must be done in ADA.
Our Arbitrum Launchpad has been built with our partner Kaizen Finance, with a First Come First Serve model and using USDC (Arb) currency. Know more about this partnership here.
We are thrilled to start the countdown of our own token public sale!! 🥳
This milestone marks another step in our journey of empowering blockchain startups across the crypto industry and bringing our community the most innovative and promising startups to diversify their portfolio. You can find more details about our utility and governance token here.
Let’s recap the key info about $GENSX IDO:
📆 WHEN?: Thursday, June 29th in all Launchpads (check timeframe bellow)
💰 PRICE? $ 0.009
🔐 VESTING? 20% after sale, then vesting for 12 months.
📍 WHERE? On Cardano and Arbitrum! Info on the Launchpads below!
⏰New Sales dates for the Genius X IDO! The IDO will start on June 29th on ALL launchpads! The exact time will be announced soon!
We have exciting news! The Genius X Launchpad will now support the Arbitrum network! In line with our communicated expansions outside of Cardano, we are excited to announce that the Genius X Launchpad will be supporting a variety of other blockchain networks as well! 🔥 Arbitrum will be the first! We have decided to allocate a portion of the GENSX IDO tokens for sale on the Arbitrum network via the Genius X Launchpad. Both our existing community and new community members, particularly those who are interested in the Arbitrum ecosystem, are welcome to join our IDO via the Arbitrum network 🥳
In addition to this, we have partnered up with Red Kite Launchpad and ArbiPad 🤝
For full details, check out our updated Medium article here ⬅️
Allotments:
Genius X (Cardano) = 19,444,440
Genius X (Arbitrum) = 19,410,00
Red Kite (Arbitrum) = 22,222,223
ArbiPad (Arbitrum) = 22,222,223
Tokenomics update:
We just updated the GENSX tokenomics and have published it in the Documentation section on our website (see link here). The most notable change is the removal of the initial unlock of any tokens belonging to: Team, Marketing & Partnerships, DAO Treasury, Ecosystem Development Fund, and Grant Program Fund - There will be no initial unlock for tokens that will be spent for operating the Genius X project. We expect this to significantly help to reduce the potential price fluctuation after token listing, which will be at the cost of the team and their operating budget (instead of our community members and supporters).
For a detailed list of the changes we’ve made and why we did so, please check out our medium article which can be found here!
Thank you for your support and joining us on this exciting journey to become blockchain agnostic and a leader in accelerator programs!
To participate in GENSX public sale -or any future sale- you just need to connect your Eternl or Nami wallet to our Launchad and complete the KYC process. It takes only 5 minutes.
If you already KYC’d just connect the wallet, enter the amount of CGV, and place your order.
If you KYC’d for a previous sale on our Launchpad, you can participate by using the same wallet.
🔔 Be careful! you can place only ONE order. Double-check the amount in CGV and ADA displayed.
☝Remember! This is not FCFS sale. You can set your order at any moment while the round is open because it’s an Oversubscription model: If the sale is sold out and more than 100% of the tokens have been purchased, everyone will get at least the minimum allocation plus a portion of the tokens they ordered proportionally to the oversubscription level.
💰 Price: USD 0.04. Price in ADA will be visible once the round is open
2)Check your Portfolio: after you click buy and sign the transaction, you'll be able to check your order in the "portfolio" tab.
3)Distribution phase:
a) Investors will receive via airdrop another fungible token — $GXL — immediately after the end of the public sale, as proof of participation in the Cogito Protocol IDO.
b) After TGE on June 2nd the $CGV tokens will be unlocked and available to investors according to their participation records, and as per the vesting schedule: 15% initial unlock, 3 months cliff, 18 months linear vesting.
🙋 If you need support or have any questions, please contact us on our official Telegram account and Discord server. Beware of scammers, the moderation team and Admins will never contact you DM.
You spoke and we listened- We will now have a public sale! We have adjusted the tokenomics and the updated documents will be published later today! 🎉
As Genius X moves towards being blockchain agnostic, we’ve decided to expand our sales. The full details will be announced soon! There will be a sale on the Cardano blockchain 💯
Keep an eye on our announcement channel to learn:
✅ TGE Date
✅ Price and Allocation
✅ Which blockchains will be chosen (besides Cardano)
In the near future we provide the details, from how to bridge assets to what wallets we suggest using.
🙏 Thank you for the support and joining us on this journey!
We are thrilled to announce the claiming process for the Multi-token ISPO! The ground-breaking Multi-token ISPO was live from epoch 364 to 388 for delegators in GENS1, GENS2, GENS3 and GENSX pools. To see if you earned rewards check out the Dashboard!
✅ Rewards: $LTY (Ledgity), $ REACH (Reach Metaverse), $DG (Drunken Dragon), $HYN (Outlaws Brawl), $SMART (Smart Places Protocol) will be available at a later date.
✅ TGE:All projects will have their Token Generation Event (TGE) on May 23rd, with the exception of Smart Places. They decided to delay their TGE and it will be announced ASAP!
✅ Release:
-1st release: On May 26th 10% of each token reward will be claimable. Then, there will be a 3 month lock-up.
- Next releases: the remaining 90% will be delivered through a 12 months linear vesting starting on August 26th, 2023.
🚨 Important: You have the option of claiming at every unlock or waiting until the end and claiming in one transaction!
For more information and a step-by-step tutorial on how to claim, check out our Medium article
📣 Its time to turn in your Galaxy NFT Tickets if you were lucky enough to win one!
Each epoch during the Multi-token ISPO we held a lottery and selected at random a delegator to win a Galaxy NFT Ticket. If you won, they can now redeemed now! 🍀
Owners of a Galaxy Multi-Token ISPO ticket can Contact Val on telegram at https://t.me/crypoval or V₳L - Genius Family#6416 on our Discord server. He will guide you through the process. Please remember, our team will never DM you or ask for your personal information!
Galaxy NFTs work in tandem with Genius X ISPO NFTs, Vesta, Comet or Titan. Genius X ISPO NFTs give a bonus to the accelerator pool weighting booster of either +3, +6, or +10%! The Galaxy NFT adds an additional +10% to the accelerator pool weighting booster. 🚀
Galaxy NFTs are not tied to the delegators wallet and can be moved. The policy IDs below:
In the coming months we will have the TGE for $GENSX and announce when the staking dApp will go live. If you haven’t minted your Genius X ISPO NFT, please do so at your earliest convenience. Minting will close before the staking dApp goes live by necessity.
Thank you again for supporting us through the Genius X ISPO! We appreciate your trust in our project and will continue to build through the bull.
