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Genesis Shards is a decentralized ecosystem built on Polkadot, reframing NFTs as DeFi options and establishing a permissionless layer of interchain liquidity for pre-IDO tokens. By tokenizing time-locked fungible assets as NFTs, Genesis Shards is developing a market for tokens that were previously hard to trade.
The $GS token serves as the native utility token within the Genesis ecosystem. It is used for Genesis Access, Genesis NFTX, and is also an important element of governance across the Genesis network. The different uses of the $GS token across the Genesis ecosystem:
Gen Access
$GS Tokens must be exchanged for Genesis Access NFTs in order to join the Genesis network. Access tiers are determined by how many tokens a user holds, which in turn grants different rights to those users.Gen NFTX
$GS is the primary token used on the NFTX platform, letting users receive reduced Swap fees for tickets, access cards, or Gen smart contracts.Gen Governance
$GS tokens grant governance privileges to members who can vote on proposals throughout the ecosystem. The amount of $GS held reflects the voting power each member has in the network.NEW TOKENS
Tokens that remain illiquid for different reasons, including those that interfere with the IDO planNFT WRAPPERS
NFT-wrapped liquid tokens that segregate circulating supply. This supports early price discovery and provides crowd-sourced visibility similar to a launchpad.IDO
NFTs that hold Pre-IDO tokens, designed to be swapped for Post-IDO tokens| Exchange | Pair | Last Price | Change (24H) | High (24h) | Low (24h) | Spread | Volume (24h) |
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