Genius

Established in 2022 and based in New York, US, Shuttle Labs, Inc, trading under the name Genius is a cryptocurrency trading platform that simplifies access to a wide variety of digital currencies, enabling users to engage in trading without traditional KYC requirements and providing a secure, non-custodial wallet solution. Genius operates a decentralized cryptocurrency trading platform, enabling seamless buying, selling, and swapping of cryptocurrencies. Founded by Armaan Kalsi and Brihu Sundararaman, the company is headquartered in an undisclosed location.Genius Crypto offers a decentralized cryptocurrency trading platform that allows users to buy, sell, and swap a wide range of cryptocurrencies without the need for traditional Know Your Customer (KYC) requirements. The core product is a cloud wallet created within seconds, enabling seamless transactions across various blockchain networks, including Ethereum, Solana, Arbitrum, and Avalanche. By utilizing a protocol-managed liquidity model and sharding users' private keys across multiple nodes via Lit Protocol, Genius ensures a non-custodial and secure trading experience. This solution addresses common hurdles such as multi-step bridging and gas management, making it particularly appealing to cryptocurrency enthusiasts seeking efficient trading solutions.Genius Crypto generates revenue through transaction fees associated with trades conducted on its platform. Users engage in various transactions, such as buying cryptocurrencies directly or swapping tokens seamlessly, which incur nominal fees that contribute to the company’s revenue stream. The structure of these transactions is primarily B2C, as individual users utilize the platform for personal trading activities. Genius also has a referral program that allows existing users to earn points by introducing new users to the platform, further incentivizing user engagement. While specific pricing details for these services are not disclosed, the platform fosters an ecosystem where users can earn rewards, enhancing client retention and loyalty. The company’s innovative offerings, including its $BRAIN points system, provide additional engagement opportunities for users, reinforcing its position in the competitive cryptocurrency market.

1. Seed

   Oct 23, 2024

   Amount

   $6M

   Investors

   Locked