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Genius has revealed the conditions for the first season airdrop of 70 million GENIUS
Perp DEX Genius, supported by YZi Labs, will distribute 70 million GENIUS tokens as part of the first season airdrop. Participants can claim tokens immediately within 7 days, but then 70% of the amount will be automatically burned, and only 30% will be issued to them, or they can do nothing and receive 100% after 1 year following the lock-up in the smart contract. The company explained that this is intended to encourage long-term participation and reduce short-term speculation.