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Points in the Platform
You collect points when you are active on the platform. The more that you are active, the more points you will have. For example, if you buy a Fancard, participate in a challenge or invite a friend to Sign up to the platform you will be rewarded with points.
You can track the number of points you have at the top right hand side of the application.
The different ways you can get points include:
- Buy a Fancard : +10 points
- Buy a Booster : +75 points
- Buy 3 Boosters : +50 extra points (on top of the 75 x 3 points for each booster bought)
- Buy 5 Fancards/Boosters : +75 extra points (on top of the points for each booster or Fancard bought)
- Claim a Prize : +25 points (after winning a challenge)
- Failing to win a Challenge : +5 points
- Refer a Friend : +25 points (whenever a friend uses your referral code to sign up)
- Friend Purchase : +50 points (whenever a friend using your referral code to sign up purchases their first Fancard)
- Friend Transaction : +5% in points (whenever a friend who has used your referral code after purchasing Fancards or Boosters)
- Signup with Referral Code : +25 points by signing up with a referral code
- Using a Referral Code : +100 points on your first purchase if you have signed up with a referral code
These points are an in-platform currency, allowing you to buy Fancards on the secondary market. If you do not have enough points to buy a specific card on the secondary market, then you can purchase more points on the platform.
Fancards bought and sold on the secondary market will use points as the currency. Consequently if you wish to sell one or more fancards, you will provide the number of points you wish to sell the Fancard(s) for.
The End Game
Genezys' mission is to create a new economy for sport between clubs, athletes and their fans. Using the latest Web3 technology and concepts behind the scenes, clubs and athletes can establish a more direct relationship with their fans and offer new services, while creating value for everyone.
To achieve this, the Genezys team will introduce a new crypto-active token called $GNZ. Genezys conforms to the financial laws and regulations in France and has obtained the corresponding AMF registrations.
The $GNZ token represents a major breakthrough in the sports industry allowing a new economy to be created between athletes, clubs and their fans. By eliminating traditional intermediaries, this token enables more direct and efficient exchanges, reducing financial costs for both parties.
In addition, $GNZ acts as a powerful incentive, offering fans, athletes and clubs tangible rewards for their commitment and contribution to the community. This emerging economy encourages collaboration between value creators and fans, creating a more transparent, flexible and motivating ecosystem where value is co-created and shared equitably.
The $GNZ token will replace the points system as the main platform currency. You will receive free $GNZ tokens at the end of each month based on the number of points accrued. The $GNZ token can then be used to buy and sell Fancards; or you can exchange the $GNZ token for money.
Don’t worry this will not impact the way you use the platform or add complexity in using the application. By introducing $GNZ we allow you to cash out at any time and reward your passion for sport.
Summary
- You receive points by being active on the platform
- At the moment, points are used as an in-platform currency
- In the future the $GNZ token will be introduced allowing you to use this as a new currency in the platform
- You can cash out your $GNZ tokens for money
