Gene Finance on Metaverse: Tokenomics and Rewards

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.

Liquidity providers of the ETP Deer and ETP/USDT Dog pools will receive ETP rewards distributed by the Metaverse Foundation, which donated 1 million ETP to Gene Finance. The 1 million ETP tokens will be distributed. Liquidity providers of the GENE/USDT Taotie, DNA/USDT Dragon, GENE Tiger, and DNA Bull pools will continue to receive GENE rewards after the migration.

We invite you to review the new rewards breakdown introduced below:

ETP Farms:

GENE Farms


To learn more about Gene Finance, and stay updated on the latest developments:

Interoperable DeFi Liquidity Pool Platform $GENE Discord Channel:

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

A Summary of the AMA session between Reef DeFi and Kava Labs

AMA Recap CryptoNewsID with Soldex

MathWallet Newsletter 2020.10.30

Common Pitfalls Seen in Decentralised Data Storage

Why do we need a uniform communication protocol for blockchains?

How NFTs Can Create Real Value in the Physical World

JustLiquidity Farming Explained

Dear Evolutionaries,

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Gene Finance

Gene Finance

Interoperable DeFi Liquidity Pool Platform $GENE Discord Channel:

More from Medium

DeFi vs Banks, Web 3.0 on top of Web 2.0, The People’s DAO


Beginners Guide to Crypto Jargon: Decoding DeFi

Dawn Of The DAO