Genshiro (GENS) Airdrop Details: How It Worked, What Happened, and If There’s Still a Chance
Mar, 5 2025
GENS Token Value Calculator
Calculate the value of your GENS tokens from the 2022 airdrop. The original price was $0.063 per GENS token, and the current price (as of September 2025) is $0.00001301 per GENS token.
Back in early 2022, if you were active on MEXC or Gate.io, you might have gotten free GENS tokens - no purchase needed. That was the Genshiro airdrop. It wasn’t just a random giveaway. It was a structured, voting-based distribution tied to real engagement. Today, those same tokens are worth less than a penny. In fact, they’ve dropped over 99.98% from their original value. So what happened? And could there be another airdrop down the road?
How the Genshiro Airdrop Actually Worked
The Genshiro airdrop didn’t work like most others. You didn’t just hold a token and get rewarded. You had to vote. On MEXC, users needed MX tokens to cast votes. You needed at least 10 votes to qualify. You could vote up to 500,000 MX tokens, but those tokens got locked during the event. Once the voting window closed - which lasted just six hours on January 22, 2022 - your MX tokens were unlocked again. That meant you could vote multiple times if you had enough MX, but you couldn’t use them for anything else while voting. The reward pool on MEXC was 885,000 GENS tokens. At the time, the reference price was $0.063 per GENS. That made the total airdrop value around $55,755. It wasn’t the biggest airdrop ever, but it was meaningful for active users on the exchange. The tokens started trading later that day at 14:00 UTC. Gate.io ran a separate campaign, distributing 1,277,825 GENS tokens - even more than MEXC. But unlike MEXC, Gate.io didn’t require voting. It was a free offering: sign up, meet basic requirements, and get tokens. No locking, no voting. Just direct distribution. Both campaigns targeted users already familiar with crypto exchanges, not random newcomers.What Genshiro Actually Is
Genshiro is the DeFi platform built on Kusama, Polkadot’s test network. Think of it as a one-stop shop for decentralized finance - lending, borrowing, yield farming, and trading - all connected across multiple blockchains. It’s not just another Ethereum-based DeFi app. It uses Kusama’s parachain structure to move assets between chains safely, reducing the risk of smart contract exploits common in single-chain systems. It has eight core components working together: a cross-chain bridge, lending markets, liquidity pools, oracle systems for real-time pricing, a DAO for governance, layer-2 scaling for speed, smart contract tools for developers, and security audits. The goal? To make DeFi safer, faster, and more accessible without relying on Ethereum’s congestion or high fees. The team behind it is still active. They’ve published a roadmap stretching to 2030. 2025 is about expanding cross-chain support and adding new DeFi products. 2026 focuses on risk controls. 2027 brings new staking and farming features. And by 2030, they want Genshiro to be a full financial ecosystem - not just a trading app.Why the GENS Token Plummeted
Here’s the hard truth: GENS dropped from $0.063 in January 2022 to $0.00001301 by September 2025. That’s not a market dip. That’s a collapse. Why? Three big reasons:- Market conditions: The entire crypto market crashed after 2022. Bitcoin and Ethereum lost over 70% of their value. DeFi tokens got hit even harder.
- Limited adoption: Genshiro never broke out of the Kusama ecosystem. Most users still stick to Ethereum, Solana, or BSC for DeFi. Kusama is niche, even among crypto-savvy users.
- No real utility yet: The tech is solid, but users didn’t flock to it. Without volume, liquidity dried up. Without liquidity, prices crashed. It became a cycle no one could escape.
Was the Airdrop Worth It?
If you got GENS in 2022 and held it? No, it wasn’t worth it. Financially, you lost almost everything. But if you look at it differently - as an experiment in community-driven token distribution - it worked. The voting system ensured that only active users got tokens. It wasn’t just a giveaway to whales. People who cared enough to vote, lock their MX, and engage got rewarded. That’s rare. The real question isn’t whether you made money. It’s whether you believed in the project. If you thought Genshiro’s multi-chain DeFi model could solve real problems - and you stuck with it through the crash - then you’re part of a small group still betting on the long-term vision.Could There Be Another Genshiro Airdrop?
Right now? Unlikely. There’s no official announcement about a new airdrop. The team hasn’t hinted at one. The token price is too low to attract exchange partnerships. MEXC and Gate.io won’t run another campaign unless the token regains serious traction. But here’s the catch: Genshiro is still developing. Their roadmap is active. If they launch a major upgrade in 2025 - say, a new cross-chain bridge or a staking pool that pulls in real volume - exchanges might reconsider. A new airdrop could follow to spark adoption. If that happens, here’s what to watch for:- Official announcements on genshiro.network or their Twitter/X account
- Partnerships with major exchanges (MEXC, Bybit, OKX)
- Increased activity on their governance DAO - more proposals, more votes
- Real price movement - not just speculation, but actual trading volume
What to Do Now
If you still have GENS tokens:- Don’t panic-sell. The price is low, but it’s not zero.
- Keep an eye on their roadmap updates. If they hit 2025 milestones, the token could rebound.
- Join their Discord or Telegram. Stay informed. The community is small, but active.
- Don’t buy GENS hoping for a quick flip. The risk is extreme.
- If you believe in cross-chain DeFi, watch how Genshiro evolves. It might be a hidden gem - or it might fade away.
- Consider learning about Kusama and Polkadot ecosystems. They’re where the next wave of multi-chain DeFi might emerge.
Final Thoughts
The Genshiro airdrop was a smart, engagement-based distribution. But it happened in a different market. The token’s value collapse shows how fragile DeFi projects can be - even those with strong tech. Genshiro’s architecture is still one of the most advanced in the Kusama ecosystem. But technology alone doesn’t drive adoption. Price, liquidity, and user trust do. The next chapter for Genshiro won’t be written by airdrops. It’ll be written by real usage. If people start lending, borrowing, and farming on Genshiro again - and not just holding tokens - then maybe, just maybe, the story isn’t over.Did Genshiro have multiple airdrops?
Yes. The two major ones were on MEXC and Gate.io in early 2022. MEXC distributed 885,000 GENS through a voting system using MX tokens. Gate.io gave out 1,277,825 GENS in a free offering with no voting required. Both campaigns targeted active exchange users, not random holders.
How much was the Genshiro airdrop worth in 2022?
On MEXC, the 885,000 GENS tokens had a reference price of $0.063 each, totaling about $55,755. On Gate.io, the 1.28 million GENS tokens were distributed at no cost, but no official price was given. Both were valuable at the time, especially compared to today’s price.
Why did GENS drop so hard?
The price fell from $0.063 to $0.00001301 because of three things: the broader crypto market crash after 2022, low adoption on Kusama compared to Ethereum or Solana, and a lack of real DeFi usage on Genshiro. Even though the tech is strong, no one used it enough to create demand.
Can I still get GENS tokens for free today?
No. There are no active airdrops for GENS as of October 2025. Any website or social media post claiming to offer free GENS is likely a scam. Only trust official announcements from genshiro.network or verified social channels.
Is Genshiro still being developed?
Yes. The team continues development according to their public roadmap. Updates for 2025 focus on expanding cross-chain features and launching new DeFi products. Regular community updates are posted, and the core tech remains active on Kusama.
Should I buy GENS now?
Only if you’re willing to take extreme risk and believe in the long-term vision. The token has lost 99.98% of its value. There’s no guarantee it will recover. Don’t invest money you can’t afford to lose. Watch for real usage growth - not just price speculation - before considering any purchase.
What’s the difference between Genshiro and Equilibrium?
Equilibrium is the parent company that built Genshiro. Genshiro is the DeFi platform running on Kusama. Think of Equilibrium as the team and Genshiro as the product. They’re connected, but Genshiro is what users interact with for lending, borrowing, and trading.
Kirsten McCallum
October 29, 2025 AT 21:46Woke up one day and realized: no one cares about Kusama DeFi. Not even the Kusama community.
Henry Gómez Lascarro
October 31, 2025 AT 14:35Will Barnwell
November 1, 2025 AT 16:12Lawrence rajini
November 2, 2025 AT 13:23Yeah the price is trash but the tech? 🔥
People forget - this isn’t just a token. It’s a *movement*. Cross-chain DeFi is the future. Kusama is the proving ground. Genshiro’s team is still grinding. I’m still holding. Not for the money. For the vision.
Keep building. We’ll get there. 💪🚀
Matt Zara
November 3, 2025 AT 01:43Some of us chase pumps. Others chase purpose.
If you voted in that airdrop because you believed in multi-chain DeFi - you already won. The token price doesn’t define your contribution.
Keep showing up. Even if it’s quiet. Even if no one’s watching.
That’s how real change happens.
Jean Manel
November 5, 2025 AT 00:18William P. Barrett
November 5, 2025 AT 15:05Or maybe we won’t.