Genius Yield (GENS) ISPO
Stake REVU to earn GENS
Last updated
Stake REVU to earn GENS
Last updated
Revuto is regularly exploring new ideas to provide additional benefits for REVU holders, and thanks to our recent collaboration with DeFi protocol Genius Yield, Revuto users will now have the chance to earn GENS tokens through the first Initial Stake Pool Offering (ISPO) of its kind!
For the first time in history, Revuto users now have the unique opportunity to participate in the initial distribution of supply for a new Cardano Native Token by staking REVU tokens under the most competitive terms in the Cardano ecosystem.
In the Revuto Staking Center, users can now stake to earn GENS, and rewards will be distributed as a part of the initial distribution of GENS tokens. The best part is that Genius Yield ISPO rewards in the Revuto Staking Center will be almost 3X boosted, meaning GENS rewards in the Revuto Staking Center will be significantly higher in comparison to regular Genius Yield ISPO rewards!
The good news for Revuto users doesn’t stop there. It is also important to emphasize that distribution of GENS rewards earned through the Revuto Staking Center will be distributed in the next 24 hours after the end of the 90-day staking period, or, if the staking period ends before Genius Yield Token Generation Event, GENS tokens will be distributed 10 days after the GENS Token Generation Event. Users who delegate ADA in the standard ISPO will need to wait for the distribution of GENS tokens for 6 months after the Genius Yield TGE for the first 50% of ISPO rewards, and 12 months for the remaining half.
• Staking Pool Hard Cap: 10,000,000 REVU (first-come, first-served)
• GENS token allocation: 100,000 GENS
• Minimum staking amount per user: 2,000 REVU
• Maximum staking amount per user: 200,000 REVU
• Subscription period: 14 days
• Staking period: 90 days - start April 21, 2022 at 13:00 UTC
100 REVU Staked = 1 GENS reward
You cannot stake more than one time. No multiple transactions per user. One user = one transaction. The staking period will start on April 21, 2022 at 13:00 UTC and will last for 90 days. One more important caveat to highlight is that in the event that we fill up the pool and reach the Hard Cap in the first 24 hours, the pool will promptly be locked and no more tokens can be added.
Feel free to watch our video instructions on "How to stake REVU for Special GENS ISPO"
For any additional questions please check the .
