Recapitulation of GENIUSYIELD PROJECT AMA event held at AMA LOVERS CLUB.

Venue: https://t.me/amaloversclub
Date: Wednesday, 26th May, 2021
Time: 19:00 UTC

The GENIUSYIELD PROJECT team was represented by @Laubecr who judiciously shared with us detailed knowledge and information about GENIUSYIELD PROJECT.

1st Segment: INTRODUCTION

Q1: Can you please introduce yourself and your background, also introduce the team working on GENIUSYIELD?

ANS: I am laurent Bellandi , 43 years old and living in Zurich. I am a serial entrepreneur with an experience of 20 years. When I moved in Zuirch 3 years back, I was astounded by the crypto valley and I started to see the new revolution happenning so I started to learn about the blockchain and crypto world, a friend of mine Remy Baldo ( seed investor of Genius) learned how DeFi works, I started to invest in yield farming but to start from the basics when you are not a crypto guy it’s very hard at the beginning and that's when we thought why nobody built a platform which is easy to use for the mass adoption?
When Binance smart chain started with the explosion of DeFi projects, I understood that it was the right time to start Something meaningful for the DeFi world and Genius became a reality, we met Charles Azanlekor our CTO and we decided to create a solid international team.
I am Founder and Ceo of Genius Yield.
Blockchain will disrupt the entire economy, and I want to be a part of that and help for a mass adoption.

TEAM

Laurent Bellandi : CEO
https://www.linkedin.com/in/laurent-b-324b4a24/

Charles Azanlekor : CTO
https://www.linkedin.com/in/azanlekor/

Remy Baldo: COO

Harman Puri : Blockchain Expert
https://www.linkedin.com/in/harman-puri/

Dany Luc: Cyber Security Expert

Gleb Katagorov : Solidity Developper
https://www.linkedin.com/in/gleb-katagorov/

Alexia Picaud : Business Development
https://www.linkedin.com/in/alexia-p-3b2b6217/

Q2: Can you introduce GENIUSYIELD, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?

ANS: PROBLEM

Searching for profitable farming APY is a cumbersome task because users have to :

• Go manually on all Defi staking protocols.
• Swap and deposit their collateral
• Exit when the Yield is not attractive anymore

SOLUTION

Genius Yield farming aggregator
• Automate your liquidity staking.
• Select and invest in the most appropriate protocol for staking.
• Monitor and generate the best possible profits.
 
 You can manage all your liquidity staking in a single place.

Q3: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?

ANS: May 2021
Website live, White Paper, Token smart contract audit. ACHIEVED

Private Sale, Pre-Sale

June 2021
IEO
July 2021
Marketing and communication Building awareness, listing DEX
August
GENIUS Governance
September 2021
Genius Yield V1 ( yield optimizer on pancake), Genius ACADEMY
December 2021
Genius Yield V2 (yield optimizer on other bsc yield farming), Mobile app
March 2022
Genius Wallet
June 2022
Multichain yield optimizer using Artificial Intelligence (Ethereum, Polkadot, Cardano)
In the next two years, Genius Yield’s mission is to be a major actor in the DeFi world. Further, we are also launching a Genius academic with tutorials and videos to understand the necessary concepts.
In 5 years, we have a global vision and Genius will be only the start of an entire DeFi environment and dapps, we will multiply with meaningful partnerships and develop a project incubator.

Q4: Can you briefly describe your PARTNERSHIPS so far?

ANS: Technology partners BAND PROTOCOL and CHAINLINK.

Q5: Can you give an overview of your Tokenomics, and the UTILITY of the $GENS Token?

ANS: $GENS token is the heart of Genius. These tokens can be used to open an account on Genius and start earning optimized yields. This is the primary use case of GENS.
Apart from this, $GENS also allows users to create a passive income by staking the GENS tokens. The tokenomics has been defined in such a way that the value of the GENS tokens will increase multi-folds over time.
They are also used for maintaining decentralized governance of the protocol. Anyone holding $GENS will get voting right in the protocol’s decisions.
Users have to stake in the lp vault and become the liquidity provider of the platform. As the reward mechanism for the protocols, 20% of the transaction fee collected by the platform will be given to the $GENS holders.
Tokenomics of GENS is as follows:
TOKEN ALLOCATION
● Pre-Sale (MAY)
TOKEN PRICE : 0.08$ - 0.20$ ( 3 ROUNDS ) TOTAL TOKEN AVAILABLE : 2,100,000 GENS
● IEO
TOKEN PRICE : 0.3$
TOTAL SUPPLY TOKEN : 21,000,000 HARDCAP : $2,000,000
SOFTCAP : $500,000
ACCEPTED CURRENCY : BNB
Reserve Fund : 10% Product & Tech : 15% Team & Advisors : 5 % Presales : 10 %
Liquidity Pool & IEO : 60%
USE FUNDS
Advisor : 5%
Marketing & Communication : 10 % Employee & Operations : 20% Referral Program : 5 %
Product development : 30% Liquidity Pool : 30%
NO more GENS will be created
GENS will be use to unlock new features on Genius Yield
30% of GENS used to unlock features will be burned each month PreSale GENS Token will be vested for 6 months
Team GENS Token will be vested for 1 year
Rest of GENS Token not sold will be burn.

2nd Segment: LIVE Questions

Q1: One of the features of Genius Yield is Algorithmic liquidity management. Kindly elaborate more on this feature and why do you think this feature will go a long way in positively impacting the platform on the long run?
https://twitter.com/BelloABDUL0192/status/1397621098590650368?s=19

ANS: Genius automatically builds your liquidity pool (LP) tokens from a base deposit asset, such as BNB. When the time has come that you want to withdraw from an LP vault, Genius also supports withdrawing back into a base asset with a limit sell. This saves you the hassle of manually adding and removing liquidity at a yield farm.

Making DeFi easy to use has been our primary goal which led the idea of Genius. Not just for the technical people but even the non-technical people can easily use the Genius platform. Further, we are also launching a Genius academic with tutorials and videos for people to understand the necessary concepts.

Q2: Most of investor just focus on the price of token in short term instead of real value of project.Can you tell us the motivation and benefits for investors to Your Project token long term?
https://twitter.com/asma17089690/status/1397609675214917635?s=20

ANS: Our core team consists of publicly known and trusted personalities in the Blockchain and crypto space. Therefore, our project brings authenticity and credibility to the table. Moreover, we always try to give back to the community which is why we have a policy where we will share 20% of the platform’s fee among the community members who hold the GENS tokens. This acts as an added motivation and allows the retention of the GENS token.

Considering the limited supply of GENS, the supply becomes constant while the demand will keep increasing over time, allowing GENS to be a favorable investment option carrying the utmost credibility and usability.

Q3: The algorithms of the Genius project are programmed to make their users win by constantly improving the APY through increasing the intensity of the interactions but how the algorithm copes with networks with high gas rates like Ethereum where many transactions could end up eating the profits of the users?
https://mobile.twitter.com/Godpelpa/status/1397626390669844487

ANS: We will not be launching on Ethereum unless the V2 of the Ethereum chain comes out. With the expectation of a transaction fee reducing 2000%, Ethereum will be a great platform as it already has a great userbase and adoption. But we will deploy only once we are sure that our users can make good profits without the ridiculous transaction fees.

Q4: Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?
https://twitter.com/mdmamun86073603/status/1397605398962606085?s=20

ANS: NO more GENS will be created
GENS will be use to unlock new features on Genius Yield
30% of GENS used to unlock features will be burned each month
PreSale GENS Token will be vested for 6 months
Team GENS Token will be vested for 1 year
Rest of GENS Token not sold will be burn.

Genius ecosystem provides staking to allow users to earn a significant passive income. All the users who hold GENS will get a reward. The 20% of the transaction fees on the platform will go to the users.

Q5: I have a question how do you plan to attract users, incentivize them in the early stages of deployment?
https://twitter.com/alam57055743/status/1397577383691964418?s=20

ANS: We have an army of influencers, youtubers and community managers.

we have also an ambassador program with great incentive

GENIUS ACADEMY aims to convert Non crypto users to the Defi world.

Q6: What are the Major Utilities of #GENS Tokens Which would be beneficial to #GENS Investors/Holders too ?
https://twitter.com/Mamun0252al/status/1397576611516452865?s=20

ANS: The fact that people think of GENS as a good investment model shows that they already understand its potential. What will make the people stay is the fact that GENS will be used to activate their GENIUS plans with which they can use the platform.

Imagine you want our superior yield aggregator but you do not have the GENS to use it.
Furthermore, GENS will also give a staking reward to the users as an added motivation.

The governance model of Genius allow GENS holders to be a part of the ecosystem’s critical decisions. Every GENS holder gets a vote in the protocol’s changes.

Genius ecosystem provides staking to allow users to earn a significant passive income. All the users who hold GENS will get a reward. The 20% of the transaction fees on the platform will go to the users.

Q7: How are you planning to promote your project in different countries, wherein English is not spoken well? Do you have a local communities for them to better understand your project?
https://twitter.com/Lawrenc_0/status/1397629247469072384?s=19

ANS: We are a strong community of more than 50000 members in only 3 weeks. Our core team of developers, marketing experts, advisors, industry veterans, business owners, and community managers are publicly known people.

we have communities in Japan, Asia, Arabic, Sweden, Pakistan...

Follow Us On Our Various Social Media Communities For More Update;

⭐️Private Sales :⭐️

Start : 30th MAY - 2pm UTC
Price 1 $GENS = $0.05

TOTAL $GENS : 500 000
Minimum 0.3 BNB - maximum 15 BNB

Private sales winners will get access 2 hours in advance.

⭐️Pre-sales :⭐️

Start : 31st MAY - 2pm UTC

ROUND 1
Price 1 $GENS = $0.08
TOTAL $GENS : 500 000

ROUND 2
Price 1 $GENS = $0.12
TOTAL $GENS : 500 000

ROUND 3
Price 1 $GENS = $0.20
TOTAL $GENS : 500 000

Minimum 0.3 BNB - maximum 15 BNB

⭐️IEO:⭐️

Price 1 $GENS = $0.3

Date TBC

Audited by https://cybercrimeshield.org/
https://cybercrimeshield.org/secure/geniusyield/

🌐 Website : https://www.geniusyield.co/
◻️whitepaper : https://docs.geniusyield.co/
📢 Medium : https://link.medium.com/LmG57BE9dgb
🐦 Twitter : https://twitter.com/GeniusYield
💬 Official Telegram : https://t.me/geniusyield
🇪🇬Arabic community : https://t.me/Genius_Yield_Officil_Arabic
🇪🇸Spanish community : https://t.me/GeniusYieldES
🇯🇵Japanese community : https://t.me/geniusyieldJP
Asia community: https://t.me/GeniusyieldAsiacommunity
Pakistan community :https://t.me/joinchat/nPRj7ZMJiiUyNTlk
🇸🇪Sweden community : https://t.me/GeniusYieldSwe

JOIN OUR COMMUNITY +50 000 MEMBERS

FOLLOW AMA LOVERS CLUB ON:

Twitter: http://twitter.com/amaloversnews

Telegram Group: https://t.me/amaloversclub

Telegram Channel: https://t.me/amaloversclub_channel

Medium: https://amaloversclub.medium.com

Discord: https://discord.gg/tpbyv9

A decentralized community for crypto enthusiasts interested in AMA, crypto-gems, trading, investments, and giveaways.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store