The startup Genius Yield, launched a new type of ICO on the Cardano blockchain, the initial distribution of shares among investors (Initial Stake Pool Offering). The developers plan to distribute 10% of the future issue of the utility token within 6 months as a reward to investors who have blocked ADA coins in the pools.
The advantage of ISPO is that participants will receive all investments back, along with the “harvest” of the GENS token.
Genius Yield will receive the necessary liquidity to launch and operate a multifunctional platform consisting of an automatic market maker, DEX exchange, staking service, etc. The GENS token will be credited in proportion to the investor’s share in the total ADA pool.
Upon completion of the ISPO, the developers will hold a pre-sale, where they will offer only 3% on IDO at a price higher than the remuneration rate. Obviously, investors have no doubts about the future boom in demand for the Genius Yield. In the first two days alone, they froze $ 118 million in pools.
Startup Genius Yield is the first AMM on Cardano to use artificial intelligence to route orders and manage platform liquidity. In addition, ISPO will return all invested funds, which only provides for the risks of hacking or scamming the project.
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