GENX is EVODEFI's official farming token. It is supported by a revolutionary elastic burning system, where part of the protocol's revenue is used to perform daily buybacks. While performing them the team grants a strong price floor, protecting holders and farmers from impermanent loss.
You can earn GENX through farms and pools. It's also possible to boost your rewards through exclusive NFTs, that give both permanent and temporary APR increasing effects. As a true cross chain token, you can choose to farm it in Binance Smart Chain or Polygon Chain.
Both sides have a fixed emission rate of 0.07 tokens per block. GENX max supply is capped at 5,000,000 tokens between both chains. Currently, 1,440 GENX are emitted everyday while 5,000 are burned - a true deflationary token.