GS

Genesis ShardsGS

Rank #971
Token
On 2,969 watchlists

Genesis Shards Price (GS)

$1.17
1.00%

0.00002175 BTC3.97%

0.000294 ETH1.05%

Low:$1.17
High:$1.46
24h
GS  Genesis Shards GSPrice: $1.17 1.00%
Market Cap
$14,117,057
1.00%
Fully Diluted Market Cap
$245,134,652
1.00%
Volume
24h
$879,001
6.64%
Volume / Market Cap
0.06227
Circulating Supply
12,030,988.00 GS
Max Supply
--
Total Supply
208,911,248

Genesis Shards Chart

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GS Price Live Data

The live Genesis Shards price today is $1.17 USD with a 24-hour trading volume of $879,001 USD. Genesis Shards is down 1.00% in the last 24 hours. The current CoinMarketCap ranking is #971, with a live market cap of $14,117,057 USD. It has a circulating supply of 12,030,988 GS coins and the max. supply is not available.

If you would like to know where to buy Genesis Shards, the top exchanges for trading in Genesis Shards are currently Gate.io, Bilaxy, 1inch Exchange, and DODO BSC. You can find others listed on our crypto exchanges page.

What Is Genesis Shards (GS)?

Genesis Shards (GS) is a decentralized ecosystem based on Polkadot that reimagines non-fungible tokens (NFTs) as a decentralized finance (DeFi) option, creating a seamless cross-chain liquidity environment for pre-initial dex offering (IDO) tokens.

Genesis Shards recognizes existing problems in the pre-IDO space, including the low liquidity of tokens due to the lack of a tradable market and inconsistent OTC trading practices, resulting in a high risk of defaults.

Genesis Shards aims to enable network members to access and trade pre-IDO tokens in an efficient and secure manner. Projects can leverage token liquidity early in the lifecycle with community support. This is due to the availability of NFTs in the OTC market and the transformation of NFTs into a liquidity facility for pre-IDO tokens.

Genesis Shards was created in 2020 and raised $2.7 million in March 2021 to launch a new pre-IDO market. The list of investors includes 3Commas, Axia8, OKEx Block Dream Fund, LD Capital, Spark Digital Capital, Momentum 6 and others.

Who Are the Founders of Genesis Shards?

Garlam Won and Nilotpal Mukherjee are the co-founders of Genesis Shards.

Prior to founding Genesis Shards, Garlam Won served as head of marketing at Harmony and head of global partnerships at ICONIZ. He has also acted as an advisor for Kylin, PAID Network, Raze, PolkaFoundry, KPAD and SPLYT.

Won majored in finance at Garlam University. He has worked as an investment banker at JP Morgan and as a management consultant at Deloitte. He covered the blockchain ecosystem as the chief blockchain editor at Financial Street Media.

Nilotpal Mukherjee has held the position of an investment banker at Deutsche Bank and a strategic consultant at Accenture. In 2018, he joined Marlin Protocol as a business lead.

What Makes Genesis Shards (GS) Unique?

According to the team, Genesis Shards’ goal is to develop a comprehensive market for pre-IDO NFT liquidity and open up new opportunities for the DeFi market in general.

Genesis Shards provides a market for illiquid tokens by wrapping time-locked fungible tokens in NFTs.

The GS token is the native utility token of Genesis Shards. GS is used for Genesis Access, Genesis NFTX and enables participation in the governance of the Genesis network.

In order for GS tokens to become a part of the Genesis network, they must be exchanged for Genesis Access NFTs. The number of tokens held determines the access rights for members.

GS is the native token on the Genesis NFTX platform. The token allows users to benefit from a reduction in swap fees for tickets and access cards and Genesis smart contracts.

Holders of the GS token have certain governance rights with their voting power directly dependent on the number of tokens they own.

Read about SushiSwap.

Read about Polkadot.

Learn more about the potential issues with the NFT space on CMC Alexandria.

Deepen your knowledge of crypto with the CoinMarketCap blog.

How Many Genesis Shards (GS) Coins Are There in Circulation?

The public launch of the GS token took place on April 14, 2021, on the decentralized fundraising platform Polkastarter (POLS). Genesis Shards is a dual IDO on Polkastarter, so the launch happened simultaneously on Ethereum (ETH) and Binance Smart Chain (BSC).

The total supply was divided between the ETH pool (70%) on Ethereum for POLS holders and the BSC pool (30%) on Binance Smart Chain.

As of April 2021, GS has a circulating supply of 12,030,988 tokens and a total supply of 218,911,248 tokens.

How Is the Genesis Shards Network Secured?

Genesis Shards is a decentralized ecosystem powered by Polkadot which uses nominated proof-of-stake (NPoS) as its consensus algorithm to increase chain security. All parachains that are connected to the Polkadot Relay Chain benefit from the economic security that Relay Chain validators provide.

Polkadot's data validity and availability scheme allows chains to interact with each other. The chains are independent in governance but united in security.

Where Can You Buy Genesis Shards (GS)?

Genesis Shards (GS) can be traded on the following exchanges:

Read our step-by-step guide on how to buy Bitcoin and other cryptocurrencies.

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GS

Genesis Shards

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USD

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GS Price Statistics

Genesis Shards Price Today
Genesis Shards Price$1.17
Price Change24h$-0.01183
1.00%
24h Low / 24h High
$1.17 /
$1.46
Trading Volume24h$879,000.59
6.64%
Volume / Market Cap0.06227
Market Dominance0.00%
Market Rank#971
Genesis Shards Market Cap
Market Cap$14,117,057.31
1.00%
Fully Diluted Market Cap$245,134,652.30
1.00%
Genesis Shards Price Yesterday
Yesterday's Low / High
$1.16 /
$1.51
Yesterday's Open / Close
$1.41 /
$1.26
Yesterday's Change

10.85%

Yesterday's Volume$991,728.71
Genesis Shards Price History
7d Low / 7d High
$1.16 /
$1.97
30d Low / 30d High
$0.7807 /
$3.13
90d Low / 90d High
$0.7807 /
$3.13
52 Week Low / 52 Week High
$0.7807 /
$3.13
All Time High
Apr 14, 2021 (a month ago)
$3.13
62.50%
All Time Low
Apr 24, 2021 (18 days ago)
$0.7807
50.30%
Genesis Shards ROI

877.83%

Genesis Shards Supply
Circulating Supply12,030,988 GS
Total Supply208,911,248 GS
Max SupplyNo Data