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Genesis Shards

Genesis Shards GSPrice N/A

GS Price

N/A

General Info

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# Inactive

Funds and Backers

Description

Genesis Shards is a marketplace for pre-IDO tokens on NFTs.

Genesis Shards (GS) Chart

Genesis Shards price Index provides the latest GS price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

IDO

14 Apr 2021 — 14 Apr 2021

Raised

$ 125.00K

Price:

$ 0.120

Tokens For Sale:

1,041,666

Platform:

N/A

ATH ROI:

25.43x  +2,443%

Additional Data

ATH Market Cap

$ 36.72M

Total Supply

GS 208,969,354

IDO ROI

100%

0.00x

IDO Price

$ 0.120

14 Apr 2021

All Time High

$ 3.05

14 Apr 2021


All Time Low

$ 0.004

14 Feb 2025

Trending Genesis Shards Fiat Pairs

What is Genesis Shards (GS)?

Genesis Shards is a decentralized ecosystem powered by Polkadot redefining NFTs as DeFi options, creating a permissionless environment of interchain liquidity for pre-IDO tokens. By wrapping time-locked fungible tokens into NFTs, Genesis Shards is creating a new marketplace for previously illiquid tokens.

The Role of the $GS Token

The $GS token is the native utility token of the Genesis ecosystem. The token gets used for Genesis Access, Genesis NFTX, and plays a significant role in Genesis network governance. The various roles of $GS token in Genesis ecosystem:

Gen Access

  • $GS Tokens are required to be swapped for Genesis Access NFTs to be a part of the Genesis network. Based on the number of tokens held access tiers are decided to enable different access rights to its users.

Gen NFTX

  • $GS token is the native token on the NFTX platform allowing users to benefit from a reduction in Swap fees for tickets, access cards or Gen smart contracts.

Gen Governance

  • $GS tokens would provide governance rights to its members where they can vote on different proposals within the ecosystem. The number of tokens held would be a representation of voting power within the network.

NEW TOKENS

  • Illiquid tokens due to various reasons including interfering with IDO plan

NFT WRAPPERS

  • NFT wrapped liquid tokens that isolates circulating tokens. Enabling early price discovery and launchpad style crowd-sourced exposure

IDO

  • NFTs containing Pre-IDO tokens to be swapped for Post-IDO tokens

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