Genius, a Perp DEX trading terminal backed by YZi Labs, has unveiled its first-quarter airdrop, distributing 70 million GENIUS tokens. Participants have two options: claim immediately within a 7-day window and incur a 70% burn penalty, receiving only 30% of their allocation, or leave their tokens locked in a smart contract for one year to claim the full amount later. This strategy aims to encourage long-term community engagement and discourage short-term speculation.