Introduction of a New System for MV Staking! Also, Information Regarding ROND Staking.

2/29/2024
Introduction of a New System for MV Staking! Also, Information Regarding ROND Staking.

Thank you for always playing GENSO PROJECT.

First of all, we sincerely express our gratitude for your continuous support and involvement in the GENSO PROJECT. Thanks to all of you, we are able to constantly evolve in a positive direction.

Regarding the system we previously mentioned under development, the "ROND Staking", we have been exploring new directions to further the growth of the project and maximize benefits for everyone involved.
During this process, we have determined that adopting the staking system not for "ROND" but for "MV" would lead to better results for the project as a whole. Therefore, we are currently in the process of developing the "MV Staking" system.

The reasons behind the change in direction are as follows: ROND, after being distributed to everyone, circulates through exchanges, DEXs, and contributes to the circulation of funds or the purchase of MV.

Considering the current situation where ROND circulates among everyone and contributes to the circulation of funds and the purchase of MV through activities on exchanges and DEXs, we have decided that staking ROND, which restricts its liquidity, is not necessarily the optimal strategy at this stage as the value of ROND gradually recovers and approaches a healthy circulation cycle.

n the other hand, regarding MV, while we have been providing staking services for some time, it has been challenging to propose a sufficient dividend amount in the form of ROND, and we feel that we have not been able to provide sufficient value to everyone.
This was an area where we needed to improve to ensure fair evaluation of our staking services.

Therefore, we have decided to redesign the staking system developed for ROND to be for MV instead.  In addition to the dividend rewards for ROND through MV staking, we will build a system where NFTs are distributed through MV staking separately.
We aim to provide flexible and attractive staking services to everyone with this new approach.
This new approach aims to support the sustainable growth of our token economy and enhance the value of everyone's participation.

The new MV staking system is scheduled to be released in March, and we will inform you once the release date is confirmed.

We sincerely apologize for the sudden change in direction regarding ROND staking. However, we believe it is in the best interest to introduce the new MV staking system instead. We hope for your understanding and support as we move forward with this change.

Thank you for your continued support of the GENSO PROJECT.