Genesis event on 21st November, and USDm skyrocketed 80% to $1.80, and USDm mining returns reached 3000% + APR. Can you tell us more about this event?
Yes, of course. The first Genesis event was successfully completed on 21st November. Within 2 hours, users committed 16.61 million BUSD, exceeding the USDm minting cap by 3.3 times. As a result, 5 million BUSD were successfully minted into USDm. Many users in the market immediately snapped up USDm as they could immediately stake USDm to earn mainstream tokens such as XMS, BTC, ETH, BNB, CAKE and enjoy an APR of over 3000%. As a result, the price of USDm went up as high as $2.50 and was stabilised at $2 before the Genesis Event 2. Thus, all users who participated in the first Genesis Event were rewarded heavily in a short period.
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