Home/FAQs

FAQs

Frequently Asked Questions

1. What is the weallgenius community platform?
It is the official community hub for discussing the Genius AI project. Here, you can ask questions, share your thoughts, and learn new things from other experts in our network.
2. How will the new Genius AI upgrade affect transaction costs?
The Genius AI Upgrades is estimated to significantly reduce transaction costs. Currently, all functionality is estimated to have a transaction cost lowered by as much as 99%, with an estimated average gas savings of 40%.
3. What are Sub-Accounts or “Blockchain Trusts”?
The purpose of these sub accounts is to add a backup safety mechanism if the user’s blockchain account becomes compromised. If you lose access to your wallet or it becomes compromised by hackers, the RU is able to regain access to your miners. All Genius Miners are allowed to specify a single account “Co-Owner”. As with the RU, the CO may assume ownership of the Miner.
4. What is Early Reward Access (ERA)?
Early Reward Access (ERA) Miners are permitted to collect their Mining Rewards early-without requiring the Miner to end. The following is required to collect: 1. Must have an active Genius NFT subscription 2. Must burn 1 GENFT.
5. What are Genius Edition NFTs?
Additional functionality can always be attached and embedded into the Genius AI framework. This is done via Genius Edition NFTs. You can think of Genius Edition NFTs as “apps” in the Genius AI “app store”.
6. What is the Genius Vault?
Genius AI has its own wallet, known as the “Genius Vault”. The Vault has gone under many different names: the Stability Pool, the Collateral Vault, and simply the Vault. This is a contract that describes how Genius AI will spend its tokens. Genius AI’s “benevolent wallet” is programmed to forever benefit the economy without the need of human attention.
7. What does it mean when a Miner is marked as “Guaranteed”?
The owner declares that this Miner can never change ownership, effectively pinning the Miner to the owner’s account. Furthermore, the Miner is guaranteed to serve its Promise Days. The Miner cannot end early.
8. What are Genius Auctions and Collateral Auctions?
New to the Genius economy will be a special type of auction that allows users to tap into the appreciating value of Genius Shares. These are called Collateral Auctions, and they allow Genius Miners to be auctioned for any Collateral that is accepted by the Collateral Vault.
9. How is the Total Supply different from Max Supply?
Aggregators can now simply use only the “Total Supply” function to know the total supply of GENI in circulation. Since Genius does not have a maximum future supply for its token, this value is considered the theoretical maximum supply: the Total Supply in circulation plus the Advanced, Basic, and Unminted Supply.
10. What is Proof of Benevolence (POB)?
The Proof of Benevolence (POB) functionality is similar to POE, and its purpose is to provide a method to export tokens and miners to another contract. When tokens or miners are POB’d, a portion of the tokens are given to Advanced Miners as extra revenue, a small portion is given to the Treasury, and a slightly larger portion is removed from supply indefinitely.

Questions that need additional work or that are not a good fit for this site may be put on hold by experienced community members. While questions are on hold, they cannot be answered, but can be edited to make them eligible for reopening.
Questions that need additional work or that are not a good fit for this site may be put on hold by experienced community members. While questions are on hold, they cannot be answered, but can be edited to make them eligible for reopening.
Questions that need additional work or that are not a good fit for this site may be put on hold by experienced community members. While questions are on hold, they cannot be answered, but can be edited to make them eligible for reopening.
Questions that need additional work or that are not a good fit for this site may be put on hold by experienced community members. While questions are on hold, they cannot be answered, but can be edited to make them eligible for reopening.
Questions that need additional work or that are not a good fit for this site may be put on hold by experienced community members. While questions are on hold, they cannot be answered, but can be edited to make them eligible for reopening.
Questions that need additional work or that are not a good fit for this site may be put on hold by experienced community members. While questions are on hold, they cannot be answered, but can be edited to make them eligible for reopening.
Questions that need additional work or that are not a good fit for this site may be put on hold by experienced community members. While questions are on hold, they cannot be answered, but can be edited to make them eligible for reopening.
Questions that need additional work or that are not a good fit for this site may be put on hold by experienced community members. While questions are on hold, they cannot be answered, but can be edited to make them eligible for reopening.
Questions that need additional work or that are not a good fit for this site may be put on hold by experienced community members. While questions are on hold, they cannot be answered, but can be edited to make them eligible for reopening.
Questions that need additional work or that are not a good fit for this site may be put on hold by experienced community members. While questions are on hold, they cannot be answered, but can be edited to make them eligible for reopening.
Questions that need additional work or that are not a good fit for this site may be put on hold by experienced community members. While questions are on hold, they cannot be answered, but can be edited to make them eligible for reopening.