Once the token swap has been completed, Genesis will be known as Storex with the new token being STRX.
As we outlined in our post last month, we feel that the name Genesis is not unique and is used by too many other projects. such as Genesis Global Capital
will the HODL program continue to work?after the swap
Genesis currently has a supply of 16 million tokens. As agreed by the community, this will be reduced greatly to just 2 million tokens, making us one of the projects with the smallest supply of tokens.
The token swap will be conducted at a 10:1 ratio. For every 10 Genesis coins you hold, you will receive 1 STRX token.
For example, if you currently have 1000 Genesis Coins, you will receive 100 STRX tokens. do you think it will cause more attraction in this token?
At the moment we haven't announced that the HODL Program will be continuing but we have a few schemes in mind aimed at keeping members of the community active in the project and resulting in them being able to earn tokens. More on that will be posted at a later date.
We certainly hope this will cause more attraction in the token! Of course, we're excited for everyone to see our marketplace that we have built and we have worked hard to integrate the token into this ecosystem to ensure that it has an actual, viable use.