Shareholders of the record date February 28, 2023, will be able to redeem the coupon NFT and iGEMs for discounts on courses or products.
By Anastasia Samaras
This week, Genius Group Limited (NYSE American: GNS), a leading entrepreneur EDtech and education group, announced their redeemable discount coupons (NFTs) are now available to shareholders of the record date February 28, 2023 to claim on Upstream.
Genius Group is the second company to launch a digital coupon strategy on Upstream.
“By incorporating Upstream’s Web3 digital coupons into our strategy, we aim to provide our shareholders with first-hand experience of our products which we hope will convert them into proud customers and brand ambassadors, driving additional engagement, revenue, and sales to our Company.”
-Genius Group CEO, Roger Hamilton
Upon a successful claim, shareholders may redeem the NFT for iGEMs on Genius Group’s Edtech platform, GeniusU equivalent to $10 per share.
Who can participate?
Shareholders of the record date February 28, 2023, will be able to redeem the coupon NFT and iGEMs for discounts on courses or products. The iGEMs are for the use of each named investor and neither the NFT coupon nor iGEMs can be transferred, traded, or sold.
Complete details on how to claim and redeem discount coupon NFTs can be found on their Investor Relations website.
How to claim the discount coupon NFT
Shareholders can claim their discount coupon NFT by downloading Upstream from their preferred app store at https://upstream.exchange/, tapping sign-up; and completing a simple KYC identity verification.
The email address used for KYC identity verification on Upstream should match the email address used to create your GeniusU account. Once KYC is approved, shareholders can tap Investor, NFT, NFT claim, and enter the claim code “GNSCOUPON”, then Claim.
For non-objecting shareholders of record that currently maintain positions in brokerage accounts, their ownership will be verified via Genius’s shareholder list. Shareholders that are objecting may receive a request from Upstream via email to provide a copy of their brokerage account statement for the record date of February 28, 2023, that shows a long position of Genius Group.
How to redeem a discount coupon NFT
Once verified, shareholders will find their discount coupon in their Upstream portfolio with a face value equal to $10 per share owned, typically within 48 hours. Shareholders may then redeem the discount coupon NFT on Upstream by tapping Investor, NFT, NFT Redeem, and selecting the digital coupon NFT ticker symbol “GNSDC.”
Shareholders will receive an email from GeniusU containing a unique link to the Investor Campus showing their GEM balance and all the products that are eligible for iGEM discounts. Shareholders may claim their discount coupon until June 15, 2023, and may redeem their claimed coupons until September 15, 2023, at which time the discount coupons shall expire.
Upstream’s digital coupon strategy for issuers aims to turn shareholders into customers and customers into shareholders.
Digital coupons can increase corporate revenue potential by driving shareholders and other traders back to your locations, increasing engagement, and rewarding loyal supporters.
Upstream is actively accepting dual-listing applications from issuers currently trading on U.S. markets and Alternative Trading Systems (ATSs), including NASDAQ, NYSE, and OTC Markets, that are seeking to offer their shares to a modern-day investor pool that accepts digital currency and traditional payments. Learn more at: https://upstream.exchange/GetListed or reach the team at firstname.lastname@example.org.
This email shall not constitute an offer to sell securities or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation is not permitted.
NFTs received have no economic value, royalties, equity ownership, or dividends with exception of the $10 coupon being issued. NFTs are for utility, collection, redemption, and display only.
U.S. investors are not permitted to purchase Upstream listed securities. U.S. and Canadian citizens will only be able to trade in securities they currently own, that have been listed on Upstream, for liquidation purposes only.
This communication contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) difficulties in obtaining financing on commercially reasonable terms; (ii) changes in the size and nature of our competition; (iii) loss of one or more key executives or brand ambassadors; and (iv) changes in legal or regulatory requirements in the markets in which we operate. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events, or otherwise.