ROND BOND Announcement

Dear GENSO META Community Members,

First of all, thank you for your continued support of the GENSO META ecosystem!

Market Observation

After a period of market observation, we have identified the main factors affecting the price volatility of ROND:

1. Concentrated Withdrawal Times
　・Most users tend to withdraw ROND on DEX at 7 PM JST.
　・Due to the automated market maker (AMM) mechanism of DEX, concentrated withdrawals lead to significant price slippage.
　・The trading costs on DEX are significantly higher compared to Bybit.

2. Arbitrage Activity Impact
　・ The price differences between DEX and Bybit attract substantial arbitrage activity.
　・ MEV Bots frequently absorb low-priced ROND from both CEX and DEX.
　・ These large holdings are sold off on CEX, causing additional downward pressure on prices.

ROND BOND Solution

To address this situation, the GENSO META team is launching the ROND BOND program. To ensure the redemption capability of ROND BOND, we have prepared a dual guarantee:
　・A $10,000 equivalent of CIRCLE USDC stablecoin deposited in the AAVE protocol as collateral.
　・An equivalent ROND token redemption pool (including a 10% APY reward).

This means that ROND BOND holders can choose to:
　1. Redeem USDC using the collateral (enjoying AAVE interest).
　2. Redeem from the ROND token pool (enjoying an additional 10% APY reward).

What is ROND BOND?

ROND BOND is a principal-protected bond NFT:
　・Face Value: $100 equivalent in ROND
　・Purchase Method: Available for purchase from a dedicated shop NPC.
　・Lock-up Period: 30 days
　・Issuance Volume: 100 pieces (first phase)

Why Choose ROND BOND?

The specific benefits of using ROND BOND for you include:

1. Avoid Significant Slippage Losses
　・No need to worry about slippage losses on DEX.
　・Ensure a fixed redemption rate of $100 equivalent.
　・Save on gas fees during peak times.

2. Dual Revenue Options
　・USDC Option: CIRCLE-issued USDC stablecoin + stable interest from the AAVE protocol
　   (currently averaging around 4.5% annualized).
　・ROND Option: Original amount + 10% APY reward.
　・Flexibly choose the best option based on market conditions.

3.Principal Protection
　・The USDC option ensures principal safety with CIRCLE stablecoin.
　・Funds are deposited in the well-known DeFi protocol AAVE to generate stable returns.
　・Not affected by market volatility.

4. Holder Rewards
　・ROND BOND holders will have the opportunity to participate in a secret project reward plan,
      with specific details to be announced in the future.

5. Better Pricing
　・Avoid the impact of MEV Bot arbitrage.
　・Bypass the price differences between DEX and CEX.
　・Obtain a fairer redemption price.

Purchase Process

In the update on November 28, 2024, we will introduce an NPC selling ROND BOND for 1,000,000 free mROND.
Each account can purchase one ROND BOND.

Note: Since the purchase is determined by region, one item can be purchased per region, such as one from the Japan region and one from the Singapore region.
The number of ROND BONDs available for sale is limited, so if they are sold out, please wait for the next sales period.

Redemption Process

1. Connect your wallet to the official redemption platform.
2. Select the ROND BOND NFT you wish to redeem.
3. Choose your preferred redemption method (ROND or USDC).
4. Submit the redemption request.
5. Wait for the system to process (generally completed within 2-3 business days).

We believe that ROND BOND will not only provide users with stable revenue options but also improve the current market environment. The GENSO META team will continue to monitor market conditions and provide better solutions for the community.

If you have any questions, please feel free to ask in the community.

GENSO META Team

November 15, 2024

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