2026-04-12 05:37:38

Gate News, April 12th, supported by YZi Labs, the Perp DEX trading terminal Genius announced the details of its first quarter airdrop event, distributing a total of 70 million GENIUS tokens.

Users can choose between two claiming methods: if they opt to claim immediately within the 7-day claiming window, they will face a 70% automatic burn penalty, meaning they will only receive 30% of their allocated amount, with the remaining 70% permanently burned; if they choose not to take action, the tokens will be locked in the smart contract for one year, after which they can claim 100% of their allocation.
Genius stated that this mechanism aims to attract community members with long-term goals and prevent short-term speculative behavior.

PERP-1.82%

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WaitPatientlyForTheR

· 5h ago

Gate News reports that on April 12, according to Coinglass data, a total of $90.75 million was liquidated across the entire network in the past hour. Among them, long positions liquidated amounted to $85 million, accounting for 93.7% of the total liquidation; short positions liquidated totaled $5.75 million, accounting for 6.3%.

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