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Author Topic: [ANN] [GEN] Genesis Coin | Deflationary Currency | Stable | 1.5% Burn Rate  (Read 144 times)
taha567
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September 30, 2019, 02:21:04 PM
Last edit: October 01, 2019, 10:39:52 AM by taha567
 #1

GENESIS (GEN) - A Stable Deflationary Token

CoinGecko Price/Metrics Tracking: https://www.coingecko.com/en/coins/genesis-coin

Genesis (GEN) is a deflationary (self-destructing) token, operating on the Ethereum main-net. It has been designed according to the ERC-20 token standard. The total originating supply of Genesis is 200 million (200,000,000) tokens, as enforced and fixed by the smart contract. It has a deflation or burn-rate of 1.5% (or 0.015) per transaction, since deflation is an intended characteristic of the token.

Genesis burns 1.5 tokens over a transaction of 100 tokens (1.5% or 0.015 deflation rate). This self-destructive functionality makes the asset’s supply scarce over time, thus solving the problem of token velocity or increasing supply for an asset, which is a detriment factor in the increase of an asset’s worth. The token is divisible up to 8 decimals, ensuring the asset’s life well into the future and increasing usability. No new tokens can ever be minted and the supply can only decrease from now on.

Genesis (GEN) is a deflationary project with emphasis on stability and development of use cases – a problem which plagues majority of crypt-projects especially deflationary tokens. It’s an open-source, decentralized and verifiable project with community participation. Our proprietary smart contract combines an extremely high supply of tokens (200m) with normal burn rate of 1.5% to ensure that the token supply doesn’t run out with heavy usage, after some time. Compared to other deflationary tokens, our token is intended for long term stable usage.

We intend to develop actual use-cases, including but not limited to 1. Integration with e-commerce platforms 2. Branded wallet application for multiple platforms 3. E-gaming and betting platform to promote usage of our proprietary token.

Specifications

Name: Genesis
Ticker: GEN
Ethereum ERC-20 Compatible Token
Contract Address: 0x334425Ef9a828e31fF27e0754A3198eDb714C57B
Decimal: 8
Total Supply: 200 Million (200,000,000)
Burn Rate: 1.5% or 0.015
Block Explorer: https://etherscan.io/token/0x334425Ef9a828e31fF27e0754A3198eDb714C57B

Official Links

Official Website: http://www.genesis-crypto.com
Telegram Global: https://t.me/Genesis_en
Reddit: https://www.reddit.com/user/Genesis_token
Twitter: https://mobile.twitter.com/Genesis94320501

Language Specific Telegram Groups:

Spanish Telegram: https://t.me/Genesis_Spa
English Telegram: https://t.me/Genesis_en
Italian Telegram: https://t.me/Genesis_ita
French Telegram: https://t.me/Genesis_FR

Exchanges

BITREVEX

GEN/BTC https://bitrevex.com/exchange/basic_trade/GEN_BTC
GEN/ETH https://bitrevex.com/exchange/basic_trade/GEN_ETH

EXNCE

GEN/ETH https://www.exnce.com/market/GEN-ETH
GEN/DAI https://www.exnce.com/market/GEN-DAI
GEN/BTB https://www.exnce.com/market/GEN-BTB
GEN/TUSD https://www.exnce.com/market/GEN-TUSD
GEN/XRP https://www.exnce.com/market/GEN-XRP
GEN/XLM https://www.exnce.com/market/GEN-XLM

CashPAYZ

GEN/CPC https://cashpayz.exchange/exchange/btc/cpc
GEN/BTC https://cashpayz.exchange/exchange/gen/btc
GEN/ETH https://cashpayz.exchange/exchange/gen/eth
GEN/TUSD https://cashpayz.exchange/exchange/gen/tusd

BITSTEN

GEN/BTC https://www.bitsten.com/exchange/gen_btc
GEN/ETH https://www.bitsten.com/exchange/gen_eth

iNDOEX

GEN/BSV https://international.indoex.io/trade/GEN_BSV
GEN/BTC https://international.indoex.io/trade/GEN_BTC
GEN/ETH https://international.indoex.io/trade/GEN_ETH
GEN/EUR https://international.indoex.io/trade/GEN_EUR
GEN/LTC https://international.indoex.io/trade/GEN_LTC
GEN/USD https://international.indoex.io/trade/GEN_USD
GEN/USDC https://international.indoex.io/trade/GEN_USDC
GEN/USDT https://international.indoex.io/trade/GEN_USDT
GEN/XRP https://international.indoex.io/trade/GEN_XRP

CryptloCEX

GEN/ETH https://trade.cryptlocex.com/exchange/?market=GEN2_ETH

bamboorelay

GEN/WETH https://bamboorelay.com/trade/GEN2-WETH

SatoExchange

GEN/ETH https://www.satoexchange.com/market/GEN/ETH
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