Genius DEX Implements Airdrop Refund Mechanism Following Community Feedback

Perpetual DEX trading terminal Genius, backed by YZi Labs, announced on April 13, according to Huo Xing Cai Jing, the introduction of a "refund" option for its airdrop program. This decision follows significant community feedback regarding token distribution. Under the updated policy, users can burn 100% of their GENIUS airdrop allocation within 48 hours of the Token Generation Event (TGE) to receive a refund of their net fees paid to the platform. Genius clarified that refunds are calculated on net fees, excluding over $7 million in trading rebates and $1.3 million in referral rewards already disbursed. The refund mechanism specifically applies to fees collected by Genius, not third-party protocols like PancakeSwap.