On May 20th, 2021, the Gene Finance development team upgraded the staking contract of the ETP Deer staking pool. The security of our community’s funds is our utmost priority, thus deposits and withdrawals from this pool were paused temporarily. Please note that no other pools were affected during this process.
All funds were safe during this migration and we will deposit all ETP + Interest Received + Additional Compensation to the original address owners. …
On April 23rd, 2021, our team launched Gene Finance on Metaverse, and within 72 hours of launch, over 3.7 million ETP (native token of Metaverse) was staked on the platform. The migration to Metaverse is part of an effort to ensure that the community will no longer be priced out, and will be given the freedom to pursue their strategies without worrying about how expensive they will be.
On May 10th, 2021, Stickers — a cross-chain Non-Fungible Token (NFT) artwork platform powered by Gene Finance, will launch its liquidity mining pools on the Metaverse blockchain. Built on the Metaverse infrastructure…
In April, our core product team focused on launching Gene Finance on Metaverse. The Gene Finance cross-chain decentralized platform is built to help crypto enthusiasts easily deploy and optimize their digital assets within the DeFi space.
Gene Finance on Metaverse: https://mvs.classic.gene.finance/
Gene Finance on Ethereum: https://eth.classic.gene.finance/
The decision to migrate over to Metaverse follows our community’s feedback for a much faster, cheaper, and more efficient transaction experience. Metaverse is ideally suited to host such consumer-focused applications, whereas other platform’s…
The total circulating supply of GENE token is 210 million tokens and its current circulating supply across Ethereum and Huobi Eco Blockchain is approximately 174 million. As a result, we will issue an additional 36 million GENE tokens as liquidity mining incentives on Metaverse.
While we will keep the same number of GENE rewards per block as on Ethereum: 100 GENE/block, we have updated GENE tokenomics on Gene Finance in the following manner.
We will now offer two different tokens as rewards to liquidity providers: GENE and ETP depending on the pools in which they stake their tokens and LP.
As we prepare for our official release of Gene Finance on Metaverse on April 23rd, 2021 at 9:00am EST, our team has put together a comprehensive guide on our docs page to help you navigate Gene Finance once the migration to Metaverse is complete.
Note: Some links are not complete, be sure to check back on April 22nd and 23rd for the complete guides. We will also be announcing in the community.
Below, we will briefly explain each section and link you to the full guide.
We are extremely excited to announce the launch of Gene Finance on Metaverse ETP and we would like to provide the community with additional details regarding the launch of Gene Finance on Metaverse.
We will support the migration of 6 pools to Gene Finance on Metaverse:
Gene Finance, a multi-chain decentralized finance (DeFi) platform has announced that it will be launching on Metaverse on April 23rd, 2021 at 9:00am EST.
Exciting updates will follow in the next few days.
Stay connected on Twitter: https://twitter.com/genefinance
Bringing Gene Finance to Metaverse
The Gene Finance cross-chain decentralized platform is built to help crypto enthusiasts easily deploy and optimize their digital assets within the DeFi space. …
Gene Finance Migration to Metaverse ETP
After an incredible month in February, our team has continued to further develop our vision for a cross-chain DeFi ecosystem. The month of March has been intense, to say the least, as we have been working with the Metaverse ETP team on testing and deploying Gene Finance contracts on the Metaverse Virtual Machine. We are the first decentralized application to partner with Metaverse and are getting very close to going live in April 2021.
Below is a sneak peek at our testnet interface for our farms and swap on Metaverse:
The month of February has been incredible, to say the least for Gene Finance and our community. With a focus on usability and data transparency, our team released the new Gene Finance interface at the beginning of the month…
We are excited to announce that we will be migrating to Metaverse ETP! As a result, we will temporarily pause the mining of GENE tokens on Gene Finance as we prepare for this migration. Gene mining will pause on March 6th, 2021.
The New Metaverse ETP brings the first Hybrid Consensus Algorithm to Substrate, establishing a resilient network without sacrificing its scalability potential in the process. The improved algorithm is optimized from three dimensions: throughput, latency, and scalability. The Metaverse Virtual Machine (MVM) provides full compatibility with EVM and can be deployed on ETP chain from Remix, Truffle, or compatible…