Genius launches new token buyback mechanism, GSTOCK becomes the first applicable token.

BlockBeats news, November 5th, according to official sources, Genius.fun has launched a token buyback mechanism based on fee revenue, with GSTOCK being the first applicable token. According to the announcement, 20% of the Genius Foundation fee revenue generated from GSTOCK trading pairs will be specifically used to buy back GSTOCK. Furthermore, this mechanism is not limited to GSTOCK.

Other tokens with a market cap exceeding $2 million are also eligible to apply for the same arrangement, whereby a portion of the Genius Foundation fee revenue generated from their trading pairs is used for token buybacks. This means that eligible projects can apply to link fees generated from trading activities to token buybacks, with GSTOCK becoming the first pilot token for this mechanism.

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