The Fundamentals of DeFi are a filter utilized to point people to safe and dependable projects of value. A standard exemplified by self-custody, transparency, trust through consensus, and permission-less value exchange without the counterparty risk as originally envisioned by Satoshi’s white paper.

These standards are not designed to guarantee any kind of return but instead help create a tool to make good financial decisions. The Fundamentals of DeFi are as follows:

Trust-less Immutable Code

Immutable (or unchangeable) code means that no change can happen over time. The code is completely closed and impossible to reopen. DeFi must be censorship resistant by being truly decentralized on the blockchain. Many projects claim to be decentralized, but actually rely on administrators to not change the code. Genius Smart Financial Contract is immutable and has no admin keys. Trustlessness in blockchain ecosystems simply means you do not need to place your trust in any one stranger, institution, or other third party in order for a network or payment system to function. Honest people have lost billions to scams, thefts and hacks because they gave up control of their money.

Completely Transparent

Investors in DeFi value their independence and security, which is why we prefer decentralized exchanges where there is no sign up KYC and no counterparty risk. When all transactions are on chain, you can inspect every address seeing what it bought or sold. In doing so, this transparency ensures users can have access to real data so users can make the most informed decisions. Genius Token has no “developer coins” so user’s cannot be “rug pulled.”

Distributed Initial Supply

$GENIUS will be the first ever initial token distribution {via sacrifice phase} to launch on Etherum and Binance Smart Chain September 9th 2022 at 1:44 pm EST ~ not only is the initial distribution fair and transparent, but launching on three different chains (PulseChain launch date still TBD) is monumental. With the added bonuses for sacrificers and holders of Legacy Genius token to mint 1,000x during the first 4 days of launch, these incentives for distribution are truly genius tokenomics! When you mint your own coins, you create something out of nothing. When a large decentralized community benefits vastly from Genius’s novel approach to distribution and its altruistic objectives, this is what drives the token’s value higher.

Permission-less Value Exchange That Pays Yield Without Counter-Party Risk

In a world where yield is drying up, many investors are looking into non-traditional vehicles for return-on-investment. The average annual returns for Simple Genius Miners are ~9.93% and the average annual returns for Advanced Genius Miners are ~32.14% — both scenarios yielding these returns while never having to give your crypto to middlemen.

This standard filter has been created around principles that promise true DeFi. Although there are other helpful filters to have in place when it comes to investing in Crypto, These Fundamentals of DeFi are the bedrock of sound judgment in true DeFi ecosystems.

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