The Genesis HODL Program will allow holders of Genesis Coins to earn additional coins for free just by hodling. All you have to do is ensure that on the last day of each month you have at least 5000 GEN in your wallet.
On the last day of each month, wallet addresses get checked and every address that meets the minimum threshold will receive GEN based on that month’s interest rate which is outlined below. Your Genesis Coins must be held in your own wallet and not on an exchange to qualify.
This is how it will work.
Every wallet address holding GEN will be checked on the last day of each month. Each address that is holding more than 5,000 GEN will earn interest each month, payable on the 1st day of the next month.
Here’s an example.
On December 31, Address A has 5000 GEN in their wallet. As they have reached the threshold to qualify, on January 1, Address A will receive a payment of 50 GEN which is 1%.
On December 31, Address B has 10,000 GEN in their wallet. As they have reached the threshold to qualify, on January 1, Address B will receive a payment of 100 GEN which is 1%.
On December 31, Address C has 2000 GEN in their wallet. As they have not reached the threshold to qualify, on January 1, Address C will NOT receive a payment.
The following month the process repeats itself. So long as a wallet has 5000 GEN or more, they will receive their interest payment. Any address that does not have 5000 GEN or more on the last day of each month will not receive interest for that month. However if they then have 5000 GEN or more the next month, they will of course gain interest.
The first payments will be made on January 1 2018, meaning that to qualify you must have 5000 GEN in your wallet on December 31 2017.
The interest rate and minimum threshold amounts are subject to change. Any changes will be announced 30 days before the next interest period.
Here are the interest rates for the following months:
December 2017: 5%
January 2018: 5%
February 2018: 3%
March 2018: 3%
April 2018: 2%
May 2018: 2%
June 2018: 1%