Genesis Shards is a whole new marketplace for pre-IDO tokens on NFTs powered by Polkadot. It was created to usher in a new paradigm for DeFi transforming NFTs into a liquidity vehicle for pre-IDO tokens and introducing a whole new suite of DeFi products across multiple blockchains. The $GS token is the native utility token of the Genesis ecosystem. The token gets used for Genesis Access, Genesis NFTX, and plays a significant role in Genesis network governance. **Gen Access**: $GS Tokens are required to be swapped for Genesis Access NFTs to be a part of the Genesis network. Based on the number of tokens held access tiers are decided to enable different access rights to its users. **Gen NFTX**: $GS token is the native token on the NFTX platform allowing users to benefit from a reduction in Swap fees for tickets, access cards or Gen smart contracts. **Gen Governance**: $GS tokens would provide governance rights to its members where they can vote on different proposals within the ecosystem. The number of tokens held would be a representation of voting power within the network.
