Genesis Shards Fundamental Analysis

Economies around the globe are taking a new shape every passing day. A digital one, however, is the rage. Gaining massive popularity is the complex yet very successful; crypto market. Over time, different modifications have made it possible to buy, sell, trade, and exchange practically any form of an asset through a public network, accessible to anyone with an active internet connection.

Genesis Shards is one such system, reshaping the use of NFTs from a rigid form of an exchange token to a decentralized finance (DeFi) ecosystem. Powered by Polkadot, Genesis Shards aims to build a free-flowing system that offers interchain liquidity for pre-IDO tokens.

The driving force behind the setup is to provide the participants safe access to the pre-IDO tokens and their trade. This allows for different projects on the network to leverage token money early on in their life cycle, gain name and popularity among the people. This kind of involvement from the participants aid in the price discovery for most projects. The fundamentals of this whole process lie in changing the face of NFTs into a liquidity carrier for pre-IDO tokens.

Genesis Shard Vision

Genesis Shards holds the vision of catering to the community by building an interactive space and solving complications for its users. While the DeFi space is considered to be futuristic, it still has some loopholes. The projects face adversities at the time of pre-IDO trading. Their reach is minimal, their trust level with the community is next to none and they have no idea about price discovery when they are just entering the market space. There is no denying that the initial DEX offering is an excellent tool for token distribution. However, there aren’t many outlets for the community to take part in pre-IDO trading.

Genesis Shards addresses this exact same problem. Acknowledging the gravity of this gap between projects and their communities, an integrated solution has been introduced to the market. Genesis Shards connects DeFi projects with its community by creating a safe space for them to offer pre-IDO tokens. Changing the way NFTs were conventionally dealt in, liquidity would be created even for the previously unused tokens.

The bigger goal for Genesis Shards is to reimagine the horizon for nonfungible tokens as an active DeFi tool.

Gen Shards Ecosystem

Genesis Shards is a carefully designed ecosystem with layers of complex interfaces working simultaneously.  To understand the ecosystem better, it is essential to understand its architecture.

• Pre-IDO Tokens

• LA mere presence of the project with 0 liquidity and market while it is in the early stages. This buys them time to figure a sound IDO plan

• NFT Wrapped Tokens

• GEN Ecosystem

• GEN NFTX

• Post IDO Options

Gen Shards Partners

Genesis Shards has been very well perceived in the market by most tech and business giants. The team working for Gen Shards has worked remarkably well in establishing ties throughout the industry and also with collecting funds necessary for the operations. In their respective capacity, names such as Polygon, PolkaFoundry, Kylin, dART, Zeroswap, Raze network, and CardStarter have formed alliances with Genesis Shards.

The process of fundraising has been actively running and greatly successful. The latest cycle of fundraising ended with a staggering figure of $2.7 million in which notable names such as 3Commas, Block Dream Fund by OKEx, LD Capital, Spark Digital Capital, Santiago Roel Santos of Parafi Capital, and Momentum 6, among several others.

$GS Tokenomics

Much like all other marketplaces, there is a special currency to carry out different actions inside Genesis Shards. This currency is referred to as the $GS Tokens. The token is currently being traded at $1.30 each. These tokens carry utility and can be swapped for different functions.

Gen Access

Allows the holder to enter into the Genesis Shards Ecosystem and from there, acquire Gen Tickets for all other functions.

Gen Tickets

Gen Tickets have a specific amount of Pre-IDO tokens assigned to them. Each ticket carries a different value. These tickets are traded or swapped on GEN NFTX for post-IDO tokens.

Gen NFTX

The $GS tokens are publicly sold via a Polkastarter Dual IDO. The possession of these tokens allows the participants to fully take part in all the activities within the Genesis Shards ecosystem.

The tokenomics are carefully put together, much like the rest of the model. It is designed keeping in mind the long-term growth of the Genesis ecosystem, facilitating growth across the platform. The design is formulated to cater to an all-around high impact on the inflows and the outflows of the system. A reward system exists to ensure liquidity to the DEXs.

Periodically, a specific number of tokens are minted and released.

The Takeaway

Genesis Shards is practically a new market for the exchange of tokens, reimagining NFTs. It is powered by Polkadot, opening new possibilities in the DeFi space. It places a massive focus on interchain liquidity for pre-IDO tokens. $GS tokens are the regulating medium across the ecosystem. They hold the power to provide access to different outlets of the Genesis Ecosystem.  It has alliances with some of the most notable names in the industry. The aim is to reshape NFTs as DeFi options and disrupt the exchange of pre-IDO tokens.

The disruptive nature of Genesis Shards has been perceived very well by the public and the market. It has been seen as an invaluable innovation in the DeFi space that could change the face of public dealings.