Genius Responds to Airdrop Controversy: “Refund” Feature Added to Airdrop Plan Based on Community Feedback

The Genius team has prioritized and listened to community needs in collaboration with the core team and advisors, based on community feedback. The official airdrop documentation has been updated to include a “refund” option, enabling users to perform related actions during the airdrop process. According to the official announcement, users may choose to burn their entire GENIUS airdrop allocation within 48 hours after the Token Generation Event (TGE) to receive a refund of the net trading fees charged by the platform. Genius emphasizes that refunds are calculated based on net fees—not gross fees—and notes that the platform has already distributed over $7 million in trading fee rebates and over $1.3 million in referral rewards to the trading community; these amounts have already been deducted from the refundable balance. Additionally, refunds cover only the portion of fees collected directly by Genius—fees charged by third-party protocols (e.g., PancakeSwap) are excluded from the refund scope. The official statement clarifies that holding GENIUS tokens or applying for a refund is entirely at the user’s discretion. It also warns that any false claims regarding “incomplete refunds” will be addressed immediately.