Genius to fund token buybacks and burns from app revenue
Genius plans from 31 October 2026 to use part of its app revenue to buy GENIUS tokens on the market and burn them permanently, per CoinMarketCal.
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what happened
According to CoinMarketCal, Genius intends to start buying back and burning tokens with revenue on 31 October 2026. A share of income from the Genius App will be used to purchase GENIUS on the open market, and the acquired tokens will be removed from circulation for good.
Genius has not disclosed what portion of revenue goes to buybacks or how many tokens will be burned.
why it matters
The scheme ties product activity directly to token supply: higher app revenue means more funds for purchases and burns. The mechanism alone does not determine price moves, and with volumes undisclosed, the scale of the effect is hard to judge.
tags
instruments
sources
- Genius: Introduces revenue-funded GENIUS buybacks and burns - 31 Oct 2026 — coinmarketcal.com, 31 October 2026 at 18:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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