Genius responds to Airdrop Controversy, Opens Airdrop Refund Option within 48 Hours of TGE

April 13 — Genius, the perpetual DEX trading terminal developed by YZi Labs, announced the addition of a "Refund" feature to its airdrop program in response to widespread community queries about token allocation. Per the official announcement, users may opt to burn all GENIUS airdrop allocations within 48 hours post-TGE (Token Generation Event) to claim a refund of net transaction fees collected by the platform. Genius stresses the refund is tied to net fees (not total fees): the platform has cumulatively refunded over $7 million to its trading community and distributed over $1.3 million in referral rewards—both amounts deducted from the refundable pool. Additionally, the refund only applies to fees collected by Genius directly; fees from third-party protocols (e.g., PancakeSwap) are excluded. The official statement notes users have full discretion to either hold GENIUS or request a refund, and warns any misinformation about "partial refunds" will be addressed immediately.