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Crypto DeFi

Genius Delays 70M GENIUS Token Unlock to 2028 After Points Rule Change

Genius, an on-chain trading terminal backed by YZi Labs, has pushed back the unlock of 70 million GENIUS tokens from October 25 to February 2028. The project also cut daily Season 2 points to 50,000 from 1.5 million and removed the season’s end date from its documentation, which had listed April 10 to August 10. Some participants are demanding the original unlock schedule or refunds of Season 2 fees.

Original source

AI take

Pushing an unlock out by more than two years is a governance signal as much as a tokenomics one: it removes near-term supply pressure but also rewrites the deal participants thought they were farming under. Cutting Season 2 points by such a wide margin while deleting the season's end date compounds that perception, since both changes land on the people who paid fees for a schedule that no longer exists. The open question is whether the project treats the original terms as binding, and whether the demands for the prior unlock or refunds gain any formal response.

Generated by AI for reference only.

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