icon - Genie Protocol
GNP Genie Protocol
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$ 0.00038364
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    Genie Protocol
    $ 0.00038364
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    0 GNP
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Genie Protocol. Price of cryptocurrency: $ 0.00038364

The first protocol for buying sets or "funds" of native multichain token is the Genie protocol. There are people in this picture The governance token of the Genie Dao is the GNP and will be used to decide the evolution of the protocol. There are people in this picture Through voting, the user will be able to buy a set of BEP20 and ERC20 token with a single transaction. There are people in this picture The "funds" or sets composed of different token (10, 20 or more) will be able to replicate the trend of the most capitalized token by category and therefore will be "funds" or index sets. There are people in this picture Limits on the exposure to certain token will become more stringent, and user-managed funds will have a number of limitations to reduce the risk of adverse selection and moral hazard on the part of managers. There are people in this picture The manager will be able to vote on whether or not to remove or make more stringent the limits on the choice of token. There are people in this picture To find the best price in the market and to weight purchases according to the best conditions, these "funds" will be composed by interface with different AMMs. There are people in this picture When a user invests using BNBs or ETHs, he will be allocated a token representing his share of the fund which he can use to redeem his investment in a way similar to a share of a Liquidity Pool. There are people in this picture The token representing a share of a fund can be freely transferred to a secondary market created by individuals. There are people in this picture A user will be charged an entry fee when he buys a "fund" or a set of token with Genie Protocol. The user will be charged a performance fee when dis investing. There are people in this picture The entry and performance fees will be used to buy back GNP/BUSD token from the GNP/BUSD Liquidity Pool on Pancake swap and to redistribute the bought token to hodlers through staking. There are people in this picture There are 4 different staking pools that can be used to gradually distribute GNP governance token to the community. There are people in this picture The lock-in periods for the four staking pools are 30 days, 90 days, 180 days and 360 days. There are people in this picture For every 100 GNP allocated in the first 30-day pool, 200 GNP will be allocated in the 90-day pool, 400 GNP in the 180-day pool, and 800 GNP in the 360-day pool. There are people in this picture The 30-day pool, the 90-day pool, the 180-day pool, and the 360-day pool have the same number of multipliers. There are people in this picture GNP is potentially deflationary if it can proceed to burn all or part of the token bought through the buy back.