Genopets MMORPG Opens Staking Mechanism

Genopets offers a unique model of real-world map with move-to-earn, as well as evolving NFT characters.
  • Genopets lines up among top gainers in move-to-earn space.
  • GENE is highly liquid after FTX exchange listing.
  • Genopets NFT use Solana network to spread to OpenSea.

Genopets, one of the promising NFT games with multiplayer mode, is now offering a staking mechanism for its native GENE token. Immediately, almost 10% of the circulating supply was staked.

GENE staking can be selected for a period of 1 to 24 months. GENE will also be a governance token, additionally granting rights to NFT and in the future, to KI in-game token rewards.

Genopets is still in the pre-Beta stage, and staking may be a way out to offer earnings to early token buyers. In its initial months, Genopets has mostly relied on NFT sales to boost adoption, as well as on GENE token trading. This is the chief reason why Genopets lines up among prominently traded P2E projects, moving along with the likes of Stepn (GMT), which enjoy prominent listings.

The Genopets metaverse also includes a move-to-earn model, and is one of the few games to combine inspiration from Pokemon, playable characters and a real-world dimensions map. The Genopets game lined up among the top token gainers from the move-to-earn space.

GENE Token Rises on Staking News

After the news, GENE turned into one of the best-performing assets among P2E tokens. GENE is listed on the FTX exchange, which took over as one of the primary crypto markets in 2021. GENE is also listed on Bybit, and has traded since December 2021. 

GENE was up another 7.8% on Monday, rising to $13.87. The token, based on Binance Smart Chain, also lined up among top P2E gainers in the past week. GENE peaked above $28 at the end of 2021.

Genopets is not yet ready with its in-game earning model. Another token, KI, will be available for players, but only for those that minted habitat NFTs. Genopets is also a game that uses the Solana ecosystem, already sells its items on OpenSea with a 50 SOL floor price. At the same time, the game is almost inactive on the smart contract tracked on Binance Smart Chain. GENE is held in 5,386 addresses on BSC.

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