Genshiro Crowdloan Rewards Are Doubled For Early Supporters!
The Genshiro crowdloan is off to a great start, and we’re so far seeing the most dynamic community participation among those competing for the last two Kusama parachain auctions. Just check out how these projects compare at the moment:
We’re completely grateful for the incredible support from our community, and we furthermore think it’s fair to hedge possible risks of the current contributors if Genshiro doesn’t win a slot in the first five parachain auctions.
That’s why we will double the reward for those who contributed to our crowdloan in the first batch. We’re pleased to offer them twice as many GENS on each KSM if they participate in our crowdloan during the second batch of Kusama parachain auctions.
For example, if you contribute 50 KSM or more right now, you’ll receive 4,800 GENS on each KSM during the second campaign (as opposed to 2,400 GENS).
As GENS is a tradable asset on exchanges like KuCoin, BKEX, DODOex right now, you can even determine monetary value for your potential rewards. That means these doubled rewards may reach up to 145% APR based on the current market prices.
We have just two requirements for participants who expect doubled rewards:
1. You will need to contribute to both crowdloan campaigns from the same address, as we will be tracking your previous participation.
2. Your second contribution that is eligible for doubled rewards cannot exceed your contribution in the first five auctions. For example, let’s imagine that you were staking 10 KSM during the first batch of auctions and you are staking 100 KSM in the second one. Then, only 10 KSM of 100 KSM will receive doubled rewards of 4,800 GENS while the remaining 90 KSM will receive regular rewards of 2,400 GENS.
We are confident that Genshiro will take its rightful place in the Kusama ecosystem, delivering loads of value to its community as a full-fledged DeFi one-stop-shop. If you are interested in learning more about our Kusama parachain, please check out this article.
