Initially, the Genius X team designed a complex and interesting NFT bonus program. To unlock the weighting factor boosters in the redistribution pools, users needed a Genius X NFT. To earn a Genius X NFT, users would stake a predetermined amount of $GENSX for a certain amount of time and would receive these NFT boosters. While this feature was interesting and incentivized $GENSX holders to remain staked for long periods of time, it was highly subject to gamification. That’s why we implemented a strict rule: NFTs utilities would be tied to the wallet that earned it.
We received a copious amount of feedback from the community and it was clearly not a welcomed feature. Users want to be able to trade the NFTs and their utility as they deem fit.
We’ve listened to our community and now Genius X NFTs utilities are tradable!
Genius X is an accelerator program launched by the world class team behind Genius Yield. Its goal is to foster innovations on Cardano by providing early-stage blockchain startups with all the tools they need to become successful – not only by connecting them to investors but by offering technical mentorship and business guidance as well.
👀 Looking for more Genius X content?
⭐ Check out my playlist here – https://tinyurl.com/Genius-Yield-Playlist
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Website – https://www.genius-x.co/
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Medium – https://medium.com/@GeniusXOfficial
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Dapp Central is an educational channel, aiming to on-board new crypto enthusiasts into the space. The channel covers the latest news, reviews and tutorials surrounding the top projects in Cardano. If that interests you, then make sure to subscribe to stay updated! If you have any questions, then make sure to leave a comment down below. Thank you!👋
💌 Email: dapp.central.crypto@gmail.com
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The information discussed on this channel is not to be considered as financial advice. All of the content presented is for educational purposes only. Always make sure to do your own research and understand that cryptocurrencies are a new and emerging asset class.
===Video Content ===
00:00 – Intro
01:55 – NFT Utility & Eligibility
03:56 – NFT Minting Process
05:35 – Secondary Market Activity
