Content
@
https://warpcast.com/~/channel/geny
0 reply
0 recast
0 reaction
C O M P Ξ Z
@compez.eth
Important clarification on the GENY migration: Holding millions of tokens in the old GENY (Clanker-based) contract does NOT directly translate to holding millions in the new GENY. Why? Because: - The old GENY had an inflated supply (e.g., 100 billion total). - The new GENY will have a controlled total supply of 256 million tokens, with 44 million tokens planned to be released at the Token Generation Event (TGE). So instead of using token count, we’ll use a value-based conversion method. What matters is how much you paid, not how many tokens you got. For example, if someone bought 10 million old GENY for $5, they will receive the equivalent of $5+ value in the new token, based on the average post-launch market price — not 10 million new GENY.
5 replies
0 recast
26 reactions
Mustafa Gok
@skyzora
If I buy it now, will you give it at the current price? But how much will you accept the Geny price?
1 reply
0 recast
0 reaction
C O M P Ξ Z
@compez.eth
Super question efendi! For legacy holders, their allocation will be calculated based on an average price derived from previous peak values. New buyers of old geny may be calculated under different terms, but current clanker base geny prices will serve as the minimum value considered for any allocation. Final decisions are still pending and may involve community voting.
1 reply
0 recast
0 reaction
