Genius responds to Airdrop Controversy, Opens Airdrop Refund Option within 48 Hours of TGE

BlockBeats News, April 13th, Genius, the Perp DEX trading terminal supported by YZi Labs, announced the addition of a "Refund" function to its airdrop plan in response to widespread community questions about token distribution.

According to the official announcement, users can choose to burn all GENIUS airdrop shares within 48 hours after the TGE (Token Generation Event) to receive a refund of the net transaction fees charged by the platform. Genius emphasizes that the refund is based on net transaction fees rather than total transaction fees — the platform has cumulatively refunded over $7 million to the trading community and paid out over $1.3 million in referral rewards, both deducted from the refundable amount. Additionally, the refund only covers fees charged by Genius itself, and fees charged by third-party protocols (such as PancakeSwap) are not included in the refund.

The official statement indicates that the decision to hold GENIUS or apply for a refund is entirely up to the user, and warns that any misinformation regarding "partial refunds" will be dealt with immediately.