Genopets are managed by the GENE token, meaning they are so-called Genopets tokens that are used for both general use and management. Players can vote for new in-game features, get VIP access to new game content and earn money by accumulating Genopets tokens (GENE token).
The total GENE token offering is 100 million, of which 250,000 GENE tokens (0.25% of the total) are allocated to the project on the Bybit Launchpool.
GENE token are planned to be distributed in four areas: private bidding, public bidding, project team and consultants, and community and “play and earn.” With the exception of publicly traded tokens, GENE tokens will be locked down and/or distributed linearly over a 1-5 year period. More information about the GENE token can be found at https://geno-pets.net/token/.
Genopets (GENE token) – a good investment?
Genopets has a lot of advantages. First of all, it is built on the powerful Solana blockchain, which provides a convenient way to issue new tokens. Moreover, the concept of Genopets is the first of its kind, and the beautiful user interface only adds to the advantages of this game.
On top of that, Genopets game has received $8.3 million in support, which proves the credibility of the project. The project has been supported by leading investment funds Pantera Capital and Konvoy Ventures, business angels, such as Twitch co-founder Kevin Lin and many other investors.
At the time of this writing, Genopets has not yet been officially released. So, you can't download GENE (Genopets) yet. While it is still too early to try to figure out if GENE token is a good long term investment, we can already see how this project is setting a trend and inspiring others to release similar games.
How to invest in GENE token
To participate at the Bybit Launchpool, you will need to lock in a BIT based on the 5-day average daily BIT balance in your spot account and Bybit Earn account. From 00:00 UTC on November 12, 2021 until 23:59 UTC on November 17, 2021, the average daily BIT balance in your spot account and Bybit Earn account will be recorded using hourly snapshots. The snapshot of the current day's average BIT balance will be updated at 03:00 UTC the following day.
To participate in the free giveaway, click the “Fix” button. The maximum amount of BIT you can commit depends on the average daily BIT balance in your spot account over the 5-day commitment period. Please note that committed BITs will be locked and cannot be withdrawn, transferred or exchanged until the GENE token allocation period is over.
Your final GENE token distribution amount will be calculated from the amount of BIT you have committed. Based on the results of the GENE token distribution, the corresponding equivalent in BIT will be deducted from the recorded amount. The resulting GENE tokens (Genopets token) and the remaining BIT will be credited to your spot account. Ready to Invest in Genopets and GENE token?