The more active the trading, the more buybacks: Genius.fun launches a fee buyback mechanism; tokens with a market cap over $2 million can apply to join.

Genius.fun, a decentralized trading terminal and token launchpad, launched a fee-funded token buyback mechanism on Nov. 5, 2026, with its ecosystem token GSTOCK as the first pilot, directing 20% of foundation fees from GSTOCK trading pairs into secondary-market purchases. The program sets a $2 million market-cap threshold for other projects to apply, concentrating buyback resources on tokens with sufficient liquidity depth rather than micro-cap pools. The move shifts launchpad economics from one-way fee extraction toward a recycling model in which trading activity generates a standing bid for the token, tying protocol revenue to token retention. GSTOCK's fee-split contract is live and the platform is accepting applications from third-party projects that meet the market-cap and pool-depth checks, with qualifying tokens to be onboarded in batches after review. What to watch next is whether the $2 million gate attracts enough established ecosystem tokens to make the buyback pipeline meaningful, and whether the recycled fees materially offset sell pressure during high-turnover periods.