TechFlow reports that on April 13, the Genius team, in response to community feedback, has prioritized and actively listened to community needs in collaboration with its core team and advisors. The official airdrop documentation has been updated to include a “refund” option, enabling users to perform related actions during the airdrop process.
According to the official announcement, users may choose to burn their entire GENIUS airdrop allocation within 48 hours after the Token Generation Event (TGE) to receive a refund of the net trading fees they paid to the platform. Genius emphasizes that refunds are calculated based on net fees—not gross fees—and notes that the platform has already distributed over $7 million in trading fee rebates and over $1.3 million in referral rewards to the trading community; these amounts have already been deducted from the refundable balance. Furthermore, refunds cover only the fees collected directly by Genius; fees charged by third-party protocols (e.g., PancakeSwap) are excluded from the refund scope.
The official statement clarifies that users retain full autonomy in deciding whether to hold GENIUS tokens or apply for a refund, and warns that it will promptly address any false claims regarding “incomplete refunds.”
