Frequently Asked Questions

What is the total supply and recommended slippage?

The total supply of $GENYEN is 1,000,000,000 ( 1 Billion ) and the proper slippage to execute a transaction is 10% or more. By setting your slippage, you are allowing the transaction to pay tax to the smart contract.

Why is there no auto-liquidity tax?

Genyen wants full-manual control of critical components of the economics of the token, like our liquidity pool size. Allowing manual adds of liquidity allows our token to behave in a way which we control, not determined by fate and investor trading. This allows the Genyen team to be more strategic and have additional leeway with growth.

How does the treasury get utilized?

The treasury acts as our farm, or the primary utility of a Faas token. Genyen will utilize the capital aggregated in the treasury to perform portfolio management, which allows us to provide real value to investors.

How are marketing funds spent and recorded?

Secured by a multi-signature wallet, Genyen will have every transaction verified by at least 3 individual parties, and each transaction is automatically recorded on the blockchain. All funds allocated from Genyen will be used for the benefice of the project's investors only.

What is Metamask or a Crypto Wallet?

Crypto wallets store your private keys, keeping your crypto safe and accessible. They also allow you to send, receive, and spend cryptocurrencies like BNB and Ethereum. This is different from apps like Coinbase or Crypto.com, because those platforms operate by selling you tokens from pools where the tokens belong to the exchange, not to you.

What is a DEX/CEX?

Centralized exchanges (CEX), like Binance, are online trading platforms that match buyers and sellers via an orderbook. They function essentially the same way as online brokerage accounts, which is why they are so popular among investors. Decentralized exchanges (DEX), like are autonomous financial protocols powered by smart contracts that enable crypto traders to convert one digital asset for another with all transactions viewable on the blockchain.

What is FaaS?

FaaS, or Farming-as-a-Service tokens, acts to provide gained rewards to investors. By owning a FaaS token, you own part of the treasury that the team uses to gain yield in various markets. After, investors get paid dividends based on farming profits as well as transaction volume in the native token itself. Effectively, investors can own tokens to gain access to opportunities and rewards without worrying about effective risk and over-leveraging small capital.

What are the key risks associated with FaaS projects?

1. ) Price stability of the native token: consistent sell pressure on the token could mean the mark-to-market losses on your investment are larger than dividends you receive

2.) Treasury investments are based on team decisions: unlike most DAOs where decisions are put to a vote, treasury investment decisions are taken by the team in most FaaS projects. Hence, you maybe be exposed to investments which you would not have made yourself and thus I do think its of paramount importance that potential investors familiarize themselves with the strategies of the investment team and also that the investment team be completely transparent with investors.