On-chain trading terminal Genius announced the repurchase and destruction of GENIUS using application revenue

The on-chain trading terminal Genius posted on X that it is expanding the role of GENIUS in the ecosystem, introducing revenue-driven buybacks and burns, and adding new benefits for token holders within the Genius App.

The official announcement listed three arrangements. First, a portion of the revenue generated by the Genius App will be used to buy back GENIUS from the market and permanently destroy it, directly linking product activity to token supply. Second, holding GENIUS will provide discounts on subsequent transaction fees within the app and other Genius applications. Third, users holding at least 1,000 GENIUS will be certified and displayed as top users within the app, while also potentially receiving subsequent gifts and other in-app benefits.

Genius's official profile describes it as an on-chain trading terminal, supported by YZi Labs and in collaboration with the Genius Foundation. The team announced on October 27 the launch of the Genius App on the BNB Chain, integrating trading, social interaction, and token creation into mobile.