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genesis

Genesis usually refers to the genesis block in the cryptocurrency field, which is the first block in a blockchain network. The genesis block is the starting point of blockchain history, containing the initial transaction data and network parameters. It is the foundation of the blockchain protocol, and all subsequent blocks are validated and linked based on the genesis block. The design and parameter settings of the genesis block are crucial for the security and functionality of the blockchain.
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first_img The on-chain derivatives protocol Variational has scheduled the $VAR TGE for the fourth quarter of 2026, with the genesis allocation accounting for 32%

The on-chain derivatives protocol Variational announced that the Token Generation Event (TGE) for the token $VAR is scheduled for the fourth quarter of 2026. The initial token distribution includes 32% genesis allocation, 18% ecological reserve, and 50% for team and investor shares. The genesis tokens will be airdropped according to the proportion of Variational points held and will be 100% unlocked at TGE; the ecological reserve will be retained by the Variational Foundation for ecological growth and distributed at its discretion.The team and investor tokens will be locked for 12 months after TGE, followed by a minimum unlocking period of three years. Team members are also subject to individual vesting arrangements, and the specific shares for both parties will be announced before TGE. Variational stated that it plans to use all revenue directed to the treasury for the repurchase and destruction of $VAR. Weekly point distribution will continue until TGE, with 150,000 points distributed each week; accounts must hold at least 1 point to qualify for signing terms and receiving the genesis allocation, and any unclaimed portion will be destroyed.Variational originally planned to end the points program in the third quarter of 2026 and subsequently launch $VAR, but this timeline has been delayed due to significant strategic partnerships. In the final weeks before TGE, the project will conclude private testing, launch Omni on the public mainnet, expand exchange functions, and release trading APIs, while also announcing details on repurchase and token usage, and disclosing the impact of new partnerships on Omni, Pro, and traditional financial markets on-chain when conditions permit.

first_img tread.fi announced the TREAD Genesis distribution, with a total of 100 million tokens

Digital asset retail and institutional execution layer tread.fi announced that its native token TREAD Genesis will take place on September 16, 2026, at 13:00 UTC. TREAD is a consumption-based utility token intended for use rather than staking, with utility defined through Tread Improvement Proposals. The total supply is 100 million tokens, with a fixed supply and no inflationary mechanism.The Genesis allocation accounts for 15.2%, which will be fully unlocked based on platform usage and sent directly to the user's registered HyperCore address, with no need to claim transactions or pay gas fees, and team members are not eligible to participate. The community and ecosystem account for 35.5%, the Tread Labs treasury accounts for 23.8%, the team accounts for 18.0%, and the foundation treasury accounts for 7.5%. Tokens from the team and Tread Labs treasury will be locked for one year and then unlocked linearly over three years. There are no private investors, venture capital, CEX, presale, or SAFT allocations.TREAD will be launched as HIP-1 spot asset on Hyperliquid, with the main trading pair being TREAD/USDC. The supply is non-inflationary, does not pay yields, and has no staking emissions. tread.fi has processed over $100 billion in trading volume for more than 30,000 retail traders and institutional clients, covering over 20 centralized and decentralized exchanges.

DGrid AI Genesis revenue surpasses 20 million USD, accelerating the integration of AI and the Crypto community

The decentralized AI infrastructure network DGrid AI announced the latest data on its Genesis membership program: cumulative revenue has surpassed $20 million, with over 13,000 paid subscribers. Funds are deposited into a publicly verifiable BNB Chain Safe multi-signature treasury wallet, ensuring on-chain transparency.It is understood that the growth is supported by the four core product matrices built by DGrid: AI Gateway unifies API aggregation of mainstream models such as Claude, GPT, and Gemini, offering discounts of up to 55%; AI Arena has over 300,000 participants in blind review competitions, producing high-quality manually labeled data; DClaw supports minute-level local AI assistant deployment, with persistent memory and modular plugin capabilities; a decentralized model marketplace is about to launch, supporting high-quality asset tokenization. The platform also launched the model recommendation agent Dori, which helps developers instantly match the optimal model solutions.On the technical side, DGrid prevents model providers from delivering low-quality models, fabricating data, or hiding computation costs through its self-developed Proof of Quality (PoQ) consensus mechanism, ensuring service quality and pricing transparency at the protocol level. The project has previously received seed round investments from Waterdrip Capital, IoTeX, Paramita VC, and Zenith Capital.
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