💎 Genie Reward Pool

The Genie Reward Pool is designed to distribute rewards at the 2028 Bitcoin Halving, while generating ongoing value for the ecosystem through liquidity fee harvesting. The reward pool holds Bitcoin, Ethereum, and TitanX, both in liquidity pools (LPs) and as standalone assets.

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Reward Distribution in 2028

At the 2028 Bitcoin Halving, the Genie Reward Pool will distribute its entire value—comprising Bitcoin, Ethereum, and TitanX and accrued $Genie—to users based on their Magic Points.

• Proportional Distribution: Rewards are based on each user's Magic Points at the halving.

• Dynamic Share Growth: Burning Magic Points before the halving increases the share for remaining holders.

• Accrued Genie Tokens: At the halving, users receive all rewards plus accrued Genie tokens. Claiming Genie tokens early forfeits access to the reward pool.

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Building Value Up to 2028

To maximize the reward pool's value by 2028, 70% of the protocol value generated during perpetual auctions is allocated to liquidity pools (LPs) and Standalone Bitcon.

Initial Allocations

• First 10 Days:

  • 60% of protocol value is held in WBTC outside of any LP, ensuring a guaranteed Bitcoin reserve in the Genie reward pool.

• Perpetual Auction Phase:

  • 30% of protocol value is allocated to the TitanX/Eth LP, generating fees and increasing liquidity while another 40% buys Bitcoin (WBTC)

Liquidity Pools

• TitanX/ETH LP:

  • Enhances TitanX liquidity, improving price stability and usability.

  • Generates an APR of 20%-30% in a full-range V3 LP.

  • Used to buy and burn TitanX, Volt and Genie token.

Yield Utilization

• Weekly LP fees are harvested and the TitanX is used as follows:

  • 20% buys TitanX (permanently staked). This means Bitcoin Genie protocol will participate in the 888 day titanX pool.

  • 20% buys Volt (sent to Treasure Volt).

  • 60% buys Genie, with allocations as follows:

    • 50% burned.

    • 30% sent to the Treasury.

    • 20% allocated to the Daily Drip mechanism.

• The ETH fees are buys Bitcoin.

Backing Genie Token

The LP allocations give $Genie tokens intrinsic value, effectively providing a form of collateral backing and enabling $Genie to be exchanged for Magic Points to access the reward pool.

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Genie Reward Pool Claim

On the 2028 Bitcoin Halving, participants’ Magic Points determine their share of rewards:

• Bitcoin Distribution: At the 2028 Bitcoin Halving, all Bitcoin, Ethereum, TitanX, and accrued Genie tokens in the Genie Reward Pool will be distributed based on participants' Magic Points.

• Protocol End Date: Bitcoin Genie is the first protocol with an end date, culminating at the 2028 Bitcoin Halving.

• Dynamic Share Allocation: Burning Magic Points to claim Genie tokens before the halving increases the reward pool share for remaining holders.

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Summary of Key Mechanics

1. Reward Maximization:

   • Full distribution of Bitcoin, Ethereum, TitanX, and accrued $Genie at the 2028 Bitcoin Halving based on Magic Points.

   • Dynamic share growth rewards long-term participants as others burn Magic Points.

2. Sustainable Value Creation:

   • Liquidity fee harvesting from TitanX/ETH LP and standalone Bitcoin holdings grows the reward pool value.

   • Weekly LP fees fund token buy-and-burns for TitanX, Volt, and Genie, enhancing scarcity and ecosystem value.

3. Intrinsic Token Backing:

   • $Genie tokens are collateral-backed through LP allocations, providing stability and usability.

   • Tokens can be exchanged for Magic Points, granting access to the reward pool.

4. Ecosystem Growth:

   • TitanX/ETH LP improves liquidity, price stability, and usability, with a 20%-30% APR in V3 LPs.

   • Protocol participation in the TitanX pool ensures long-term value alignment.

5. Participant Incentives:

   • Daily Drip mechanism offers ongoing rewards, balancing immediate incentives with long-term gains.

   • Claiming Genie tokens early increases rewards for remaining holders, promoting sustained engagement.

6. Unique Protocol Design:

   • First DeFi protocol with a defined end date, creating a clear timeline for value realization at the 2028 Bitcoin Halving.