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Bitcoin Genie introduces a new DeFi genre: Gamified Utility. It’s a mining protocol where part of the reward pool is held in an LP position, generating fees to support growth. The full distribution occurs at the 2028 Bitcoin halving, with the reward pool creating value as an LP until then. In it's essence Bitcoin Genie is a collateral based, yield generating reward system utilising real yield.
Purpose: There is one reward pool in Bitcoin Genie containing Bitcoin, Ethereum, and TitanX. It's distributed simultaneously at the 2028 Bitcoin halving.
Generating Continual Value: Protocol value is held in WBTC and a TITANX/ETH LP, which generates ongoing fees for the protocol while doubling as a reward pool for full distribution.
Game Mechanic: The Genie Reward Pool features a "last man standing" mechanic, where staying until the 2028 Bitcoin halving increases rewards as others exit.
The Daily Drip: This feature offers daily Genie token rewards to users on the Magic Carpet Ride, encouraging them to exchange their share of the Genie Reward Pool for instant rewards, balancing immediate gains with delayed gratification.
Ecosystem: Integrated with TitanX and Volt for growth and enhanced rewards.
Voting Dao: The DAO allows members to vote based on the number of magic points they hold. These votes determine whether the TitanX/ETH vs Bitcoin pool will increase or decrease.
End Date: Bitcoin Genie is the first protocol with an end date, concluding at the 2028 Bitcoin Halving.
Core Features:
ETH Input: Powers rewards, distribution, and buy-and-burn mechanisms.
Rewards: Earn Bitcoin, Ethereum, and TitanX at the 2028 Bitcoin halving.
Real Yield: LP fees drive a self-sustaining value into the protocol.
Quick Mining: A 10-day phase ensures fair token distribution.
BurnLock Mechanic: Burn $GENIE to earn Magic Points and unlock rewards.
Summary: Bitcoin Genie combines sustainable DeFi with a gamified experience. The protocol incentivizes long-term participation until the Bitcoin 2028 halving, offering increasing rewards for patience and commitment. It's a test of strategy and perseverance.
Token Distribution: Mining and Auction Bitcoin Genie starts with a 10-day mining phase, transitioning into a perpetual auction system.
Burnlock Decision Point: The core mechanic revolves around choice: when claiming $GENIE tokens, users must decide whether to claim them as liquid tokens or burn 100% in exchange for Magic Points, which grant access to the Genie Reward Pool. There are two ways to enter the Genie Reward Pool: the first involves burning $GENIE tokens, and the second uses liquid $GENIE tokens and Volt. This choice is the essence of the Burnlock mechanic.
Genie Reward Pool The Genie Reward pool distributes Bitcoin, Ethereum, and TitanX to participants during the April 2028 Bitcoin halving including all accrued GENIE tokens.
Magic Points and $GENIE Tokens: A Strategic Balance Magic Points provide access to the Genie Reward Pool while simultaneously accruing $GENIE tokens daily. The protocol continuously offers $GENIE tokens as incentives to burn Magic Points, presenting users with a strategic choice: delay gratification for the substantial 2028 rewards or burn Magic Points for immediate $GENIE tokens.
Summary Bitcoin Genie combines sustainable DeFi and gamified strategy, offering rewards for patience and commitment while creating a deflationary token economy backed by real yield and long-term incentives.
Choice 1: Enter the system using ETH. Choice 2: Decide whether to claim liquid tokens or burn tokens to earn Magic Points, which grant access to the Genie Reward Pool. Choice 3: Choose to burn your Magic Points to claim accrued Genie tokens, or retain your Magic Points for a share in the Genie Reward Pool payout during the 2028 Bitcoin halving. Everything else is done under the hood. Full decentralization, full magic.
Capped Supply and Deflationary Mechanics $GENIE tokens are fully capped after the initial 10-day mining phase. All tokens distributed from the are either removed from circulation through burns or redistributed, creating a deflationary ecosystem.
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