Introducing the Genshiro (GENS) Price-Rasing Crowdpooling on DODO BSC on June 16

Hello CommanDODOs,

Genshiro is Equilibrium’s Kusama-based canary network. It inherits an experimental spirit that’s quite common for the Kusama network, and will be a testing site for our future products before they’re deployed to Polkadot. This means we get to implement some new features for future iterations of Genshiro, like derivatives, perpetual swaps, and futures contracts on gold, ETFs, commodities, and stocks.

GENS is the native utility token for Genshiro. Its use cases include voting for validators, transaction fees, interest rates, and liquidity for bailouts and collateral (when GENS will become a more established asset). Check out the GENS tokenomics here.

At the moment, the only way to get GENS tokens is to participate in the upcoming IDO on DODOex. This will help us release more GENS tokens into the wild. The first 12 million GENS tokens will be available on Binance Smart Chain and will be distributed among IDO participants.

How will it work?

Users will stake BUSD stablecoin in the crowdpooling module and receive GENS in return. GENS price will increase as the amount of staked BUSD increases. This approach is also known as Bonding Curve.

As such, Genshiro will conduct a Bonding Curve Crowdpooling where the GENS token price will increase as the amount staked by participants increases. GENS price is allowed to increase up to 0.0375 USD (150% of the initial offering price of 0.025 USD). Respectively, if the total stake amount by participants is over the Crowdpooling hard cap, then all participants will receive tokens proportional to their shares of the pool, at the Crowdpooling cap price.

The GENS token price will stop increasing once the cap of 12 million GENS available for sale is reached. The BUSD amount staked by participants that exceeds the hard cap (12 million GENS * 0.025 * 150%) will be refunded back to the participants once the Crowdpooling period ends.

Anyone who wants to buy GENS during the IDO is eligible — you can read more about DODO’s crowdpooling process here.

What happens after IDO?

At the end of the crowdpooling event, the GENS liquidity pool will be open for spot trading on DODOex.

We have allocated another 12 million GENS for the AMM liquidity pool. All funds raised via IDO will be also transferred to this pool and locked for at least 30 days to guarantee sufficient pool liquidity.

We acknowledge that not everyone will be able to participate in the coming IDO due to increasing interest around it. Fortunately, those who weren’t able to get in will also have an opportunity to grab their GENS. After the IDO all users will be able to participate in our parachain lease offersing on Kusama, and earn up to 30% APY on staking KSM for our Genshiro parachain. Join our PLO whitelist!

What do I need to know to participate?

Our IDO starts on Wednesday, June 16, at 12 PM UTC and ends on Thursday, June 17, at 12 PM UTC . The token price will increase as the amount of staked BUSD increases — that rate is defined by DODO’s Proactive Market Maker (PMM) algorithm.

Crowdpooling Link:

Whitelist Link:

Token Contract Address: 0x2CD14cbA3F26254beeD1d78158cd2B6F91809600

Token Allocation Chart/Tokenomics & Distribution:

Total Number of Tokens Provided by Project Team: 12,000,000,000 GENS

Crowdpooling Token Allocation (Number of Tokens for Participants): 12,000,000 GENS (0.1% of the Total Token Supply)

Liquidity Protection Period: 30 Days

How to Participate

Additional Notes on Crowdpooling

  1. Do NOT send tokens to or interact with the Crowdpooling contract address before or after the Crowdpooling campaign. Your tokens may be lost forever and DODO is not liable for any asset losses due to user contract interactions outside the Crowdpooling period.
  2. You can freely adjust your Crowdpooling stake amount at any time before the Crowdpooling campaign ends.
  3. If the total staked amount by participants is below the Crowdpooling hard cap, then all participants will receive tokens normally (i.e. the number of tokens received = the amount participants staked / token price). The leftover tokens will be put into the liquidity pool and become available for spot trading.
  4. If the total staked amount by participants is over the Crowdpooling hard cap, then all participants will receive tokens proportional to their shares of the pool, at the initial offering price. Any difference between the amount participants staked and the actual cost of the tokens (i.e., token price * the number of tokens actually received) is then refunded back to participants. Note: Due to the flexibility of DODO’s Proactive Market Maker (PMM) algorithm, the opening price, once spot trading begins, can be equal to the Crowdpooling token price, even if the hard cap is not reached. That is, the opening price is not determined by the amount of assets in the resulting liquidity pools. How it works under the hood is that the PMM algorithm truncates part of the bonding curve and assumes that there is a certain amount of buying support in the market. Even if the amount of capital contributed by participants is low, the opening price can still be the Crowdpooling price, and the resulting bonding curve will have a minimum/floor price. Funds staked by users can then push the token price from the minimum price to the Crowdpooling token price.

##Project Profile
Name: Genshiro (GENS)
Official Website:

GENS (Genshiro Token) 的白名单申请,后来收到了邮件主题为You won Genshiro’s IDO whitelist lottery on DODOex! 邮件,点击链接后到界面不怎么会操作结果操作错误直接用metamask钱包 地址0xE2e8B4D45deF71bfEFd67eC9c4D5dF7ffAC509AE 向0xb5022fa8ef7152183963af4bd436b24edfad66a3转了1002busd,后来知道怎么操作后发现我并没有在白名单内,没有认购额度。诉求:1.请查看我是否在白名单内 2.找回我误操作转的1002busd。

误操作交易id bsc 交易id 0xd8880e9d9f74b64275b3f196575bf1416b9dbfbca4fd83d1bb0d069b4d28d94c