Hey guys, to provide a minor update, we will launch the rebranded staking platform this week. The update won't change any functionality and is purely to bring the look in line with the new branding. As we mentioned last week, we are currently updating our systems, particularly the application process for projects. This update will be fairly significant. We will provide more details on this shortly.

When Genesis Pool launched a little over one year ago, our first tag line was:

'A new era in decentralized launchpads'

While plenty has happened in the first year of operation, the founding idea of being decentralized, automated and putting the power in the investor's hands is still at the forefront of the vision.

Soon after the initial release of the first web app, the team was conflicted on whether we should begin stage two of development on Ethereum or wait for other networks to launch. We designed many elements of the launchpad (such as the staking platform) to be cross-chain, although the backbone of the launchpad that automates essential processes would need to be built on one chain initially.

We decided to launch the staking platform first as it was critical to the core vision of Genesis Pool and could get built as an independent module separate from the launchpad. With the Gold Silver, and Bronze Genesis-Pass, the staking platform provides the format for all governance decisions and vote weighting in the system.

While there is still some debate on the perfect chain to build our launchpad infrastructure with, there is consensus that we need to move forward and complete the original vision of becoming automated, decentralized, and putting the power in the hands of investors.
We have received immense support from the Glitch team. The initial plan has always been to build on the Glitch network when they go live. All blockchains progress through cycles of adoption and stability, and we believe it is in the best interest of Genesis Pool to build on a well-established chain first and then consider other chains in the future,

We are investing our efforts and continuing development on the Ethereum chain following its successful merge upgrade on the Beacon Chain. A successful deployment on the EVM will allow us to swiftly expand to other EVM and Substrate-supported chains in the future. We wish Glitch well for the upcoming Mainnet launch and hope it achieves the goals it has set for itself and will continue to follow the progress closely.

This new development will allow for the following:

•. Automate an application process for all investors
•. Encourage the purchase of GPOOL from projects and project communities
•. Automate governance processes, including billing and fees
•. Allow a project to present itself to the Genesis Pool Community
•. Automate KYC via our KYC partner Fractal
•. Provide better security and protection for investors
•. Automate community-led AMA sessions
•. Automated project governance and community approval for all IDOs

The new Genesis Pool launchpad development will be unlike anything on the market or in the crypto space. The system will provide unrivalled automation, security and scrutiny to all projects and allow us to present a much larger volume of projects to the community. The design of this first phase is complete, and we will release screenshots and delivery times shortly.

We agree that it is essential that, as a launchpad, we run IDOs. We have more than twenty projects currently interested in running and IDO, some of them look very interesting, and we are very keen to facilitate them. We have debated moving forward with these IDOs with the current digital infrastructure, although we have chosen not to for the following reasons:

• Running an IDO with the current system requires a separate MOU, complicating things as the processes differ from the new system.

• Running IDOs with the current system doesn't provide as much security and protection for the community as we would like.

• Running IDOs will slow down the delivery of the next development stage as running IDOs is currently labour-intensive.

• Running IDOs now will mean running fewer IDOs in the long run, as the new system will allow us to present far more project opportunities.

There are other reasons but ultimately, getting the new system up as quickly as possible is our top priority so we can run more IDOs.

We can share some preliminary screenshots of the new system that demonstrate the following:

• Projects will have a secure login and detailed CMS for managing their project details, status and progress through the IDO process.

• An online community AMA (Q&A) to allow the community to communicate directly with project leads.

• An automated KYC process facilitated via the Fractal API.

• We will automate project application fees facilitated via the purchase of GPool tokens.

• A two-stage application process with community participation and voting weight based on membership status


We will share other new system elements shortly, but the screenshots and explanations should demonstrate the direction and scope of the new system. The development is substantial and will completely change the current processes and facilitate a far greater volume of projects.

The delivery timelines are currently getting finalized, and we will provide more details shortly.

Monday update, guys!

The Genesis Team has evolved over the last few months, with some new members joining. The team's new members are driving the current development that is underway. The new system will allow for a complete change in operation for Genesis Pool moving forward.

The team is very committed to seeing Genesis Pool through this bear market and coming out with an amazing and unique product offering. The screenshots of the new system we shared a week or so back is under construction. As we get a bit closer to completion, we will be able to share a delivery date.

When the new system is complete, we will begin running IDOs again. We are presently coordinating the timing of the new development and new projects who are looking to launch, so we can hit the ground running.

Concerning recent questions on listings, CMC only lists the price history for coins that reach a threshold of trading over a certain period. When trading levels fall below the threshold, the price history stops displaying. When the trading volume again reaches the threshold, the price history returns.

A brief update, guys.

The staking issues some people experience when claiming tokens are now fixed.

The new system development is progressing well, and we hope to have a beta version of the new system to demonstrate over the coming weeks. We have been in talks for a potential new partnership that could be lucrative for GPool and set things on a new path. We would love to share more, but discussions are ongoing, and we are unable to share details publicly at this point. We would hope to be able to share more information on this new partnership in the coming weeks, and we will inform the community as soon as we are able.

We want to clarify a few recent questions relating to Raise Finance. Several months ago, Genesis Pool held a vote for all Raise Finance investors to either cancel the raise or distribute the funding. The vote outcome was to distribute the funds. All investors should sign up for the mailing list and follow Raise Finance socials to keep up to date with progress.

We can provide a development update, being we have made significant progress and believe we are only weeks away from having a beta version of the new platform available for testing. The new system completely automates the application and fundraising process, providing significant power to investors to question projects and decide if they will get funded.
We are incredibly excited to see the new system coming together and are in discussions with several projects to be the first to trial the new system.

Hi Genesis Pool Community

We know there has been a lack of communication leading into the New Year's break. There has been plenty going on behind the scenes that we have been itching to tell you. However, we could not expand on the developments publicly until agreements were in place.

We are happy to say that Genesis Pool is in the process of being acquired, and a new project team will take control in the coming weeks. More information will be forthcoming, but we can inform you that the current GPool staking system will be closed down. All remaining rewards will get distributed and made available for collection, with details and timeframes provided soon. Discussions with Raise Finance and Rendezverse are taking place on the investor's behalf to clarify when token distribution will occur. We will keep you posted as new information becomes available.

As we speak, the details and plans for the future direction of GPool are being finalised. The new team will make announcements with assistance from the GPool team via the GPool Telegram and Twitter channels in the coming weeks. During this transition phase, the GPool Telegram channel will become an announcement-only channel to ensure easy access to critical information. The GPool team wishes everyone all the best with the new team, and we believe this will be the best solution for everyone involved, particularly you, the investor.

Hi GPool Community.
As we mentioned in the previous message, the GPool staking platform is getting shut down. We accelerated the distribution of rewards so that you can now collect all the remaining tokens owed to you.

To collect your rewards, connect to https://stake.gpool.app/ and click on the compleated rewards tab on the dashboard. Click the claim all button to claim any owed rewards. We would also ask you to un-stake your GPool tokens at the same time. Please do this before 09/02/2023, as the GPool staking system will be shut down shortly after this date, and claiming your rewards and tokens after this date will not be possible.

We'll be providing more information shortly.

Hi Gpool Community

The GPool staking system was due to close on the 9th of February, although many people have still not yet claimed their tokens. We will leave the staking platform open for a further week. The new closure date for the staking system will be:

GPool staking platform will close on 16/02/2023

We will not continue to extend the date, so if you want to claim your rewards, please do so before the 16th of February.

Any unclaimed tokens and rewards left in the staking platform after this date will be discarded and unredeemable.

If you are having trouble unstaking or claiming your rewards, please contact [email protected] for assistance. Please detail your issue and include your wallet address.

Hi Gpool community

We understand that several users have had issues unstaking and claiming their tokens. We have investigated the problem and have fixed the issue.

Due to this technical issue, we have extended the closure date of the staking platform to Friday, February the 24th, 2023.

Hi Gpool Community

Rendeverse informed us that they are not yet ready to set a date for TGE.

To make this easy for those who have invested, we have suggested that Rendeverse handle the token allocation directly when TGE occurs, which they have agreed to facilitate.

For all who invested in Rendeverse, we suggest you follow their socials and contact them if you have further questions via their website https://rendezverse.com/contact/ or email [email protected]

Hi Gpool community

Raise Finance has informed us that they will be performing a refund of investor funds to GPool participants.

We have returned the investor tokens provided to them

If you have further questions, please contact Raise Finance directly via their email [email protected] or social channels https://raisefinance.io/

Hi, Raise Finance Community

We have received confirmation from Raise Finance that the refund to all of the participant community members is now complete. Please check your relevant wallets and chains. If you have any further questions, please get in touch with them directly.

Thanks, GPool