Genius said its second season has officially ended, with 173 million GP distributed versus the 200 million GP originally planned. According to PANews, users who choose refunds will receive a full refund of Genius fees, and the corresponding GENIUS tokens will be burned.

The refund window will open at 0:00 on October 7 and close at 0:00 on October 12. Users who apply for refunds will receive 100% of the fees paid to Genius and forfeit the GP earned during the second season. All repurchased $GENIUS will be burned.

Users who do not choose refunds can, starting October 12, select immediate unlock of their allocation in a second five-day window with an 85% deduction, or lock it for 24 months and receive 100% of the airdrop allocation. Genius said the 173 million GP distributed this season represents a potential claimable allocation of up to 6.055% of GENIUS total supply, while the remaining 0.945% will be automatically burned.