Genius: In Season 1, 70 million GENIUS tokens were distributed via airdrop, and choosing to claim immediately will result in a 70% token burn.

BlockBeats News, April 12th, Perp DEX trading terminal Genius, supported by YZi Labs, announced the details of the first season airdrop event, which will distribute a total of 70 million GENIUS tokens. Users can choose between two claiming options: if they choose to claim immediately within a 7-day window, they will face a 70% automatic burn penalty, receiving only 30% of their allocation, with the remaining 70% being permanently burned; if they choose not to take action, the token allocation will be locked in a smart contract for one year, and after that period, they can claim 100% of their allocation. Genius stated that this mechanism is designed to attract community members with long-term aligned incentives and prevent short-term speculative behavior.