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

Genesis Shards GS

Genesis Shards Historical Markets