Frequently Asked Questions
Genesis is an NFT creation platform that everyone can participate in. Genesis is a partner of Opensea
and it allows creators to publish their works on Genesis in advance in order for their works to gain
visibility and awareness quickly after which NFTs can be published in Opensea. Genesis users need to
hold a certain amount of USDT in their decentralized wallets to collect NFTs on Genesis. During the
operation of the smart contract, NFTs will be traded frequently between participants and each
transaction will be recorded by the blockchain, allowing NFT works to rapidly increase in price in a
short period of time.
How do Genesis users gain
profit?
Each time a Genesis user participates in collection of NFT works, at the end of the collection time, the
NFT creator will distribute a portion of the profit to the participants equally, and the participants
will earn 1% to 30% of the profit which is calculated based on the price of each NFT, the commission set
by the NFT creator, and the number of participants.
Why do we need to use
USDT?
USDT is a stable coin issued by Tether and used as a digital dollar for the internet, each token is
worth $1.00 and is backed by a $1.00 physical reserve. When the smart contract is running, USDT is
automatically exchanged for ETH, Solana and other currencies for NFT, and immediately exchanged for USDT
at the end of the transaction, as a way to ensure stable earnings for the participants, which would
cause financial losses to the participants if other cryptocurrencies that go up or down are used.
Why don't you need to
transfer USDT to Genesis?
Genesis technical team developed the blockchain smart contract after 3 years, the technology is Genesis
team's unique innovation in the blockchain field. Participants only need to connect their wallets to
Genesis's smart contracts, and transactions are completed on the blockchain smart contracts from start
to finish, and participants' funds do not pass through any platform or institution, ensuring that
participants' funds are in their own wallets from start to finish.
How do I withdraw my
profit?
Participants get their profit after collection time is over and can proceed withdrawal anytime. Mimimum
withdrawal amount is equal to 20 USDT. Smart contracts will automatically transfer the amount to your
wallet address within 24 hours after applying for withdrawal when gas fee is optimal.
When you use Genesis, the system will automatically score you based on your usage, activity and many
other dimensions. The higher your credit score, the more opportunities you have to participate in
welfare activities and participate in higher profit collections.