The Genesis Staking Pool
A unique single sided staking pool that will evolve into a multi-layered DeFi ecosystem
Genesis Pool (GPool) recently announced the launch of its loyalty scheme called the Genesis Pass (GPass). This scheme is designed to encourage GPool holders to stake and hold their tokens to qualify for a Gold, Silver or Bronze GPass.
Today we announce details of the Genesis Staking Pool:
Genesis Pool as a cross chain, interoperable and decentralized launchpad, will launch projects from all parts of the crypto universe. We feel strongly that our staking pool should reflect this diversity and so we will ask all projects that launch their IDOs through us to allocate 0.2 to 2% of their tokens to the Genesis staking pool.
GPool will use the single staking mechanism to allow our investors to earn rewards in multiple tokens at the same time. All the rewards will be distributed in an equal ratio amongst the GPass holders depending on their GPass level, further democratizing the reward process.
As GPool launches more and more projects the Genesis Staking Pool will be populated by token allocations from all these projects and so very quickly, investors participating in the staking pool will be earning a diverse range of tokens and generating an impressive yield from their holdings.
“Genesis Pool will lead the way by giving 2% of its tokens to fund the Genesis staking pool at its inception.”
GPool also hopes that as it builds partnerships and affiliations with other organizations, we will be able to secure token allocations from them for the Genesis Staking Pool.
Staking Rewards for GPass Holders
To own and maintain membership of the Genesis Pass (GPass), GPool will ask its investors to hold their tokens in the Genesis Staking Pool. Investors who join us at inception will automatically become Gold GPass holders and will receive the highest allocations in the staking pool, dramatically increasing the yield on their holdings.
Monitoring Rewards
Through the GPool dashboard on our website, investors will be able to connect their wallets, stake their $GPool tokens and monitor the rewards they earn.
APY interest will be able to be calculated on a regular basis once the staking pool has been launched.
The Genesis DeFi Ecosystem
The staking pool will naturally evolve over time with feedback from our community and we are confident it will only be the start of what we hope will become a multi-layered DeFi ecosystem, offering our investors various options to maximize their yields.
For further information please register your email on our website for all future whitelistings.
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