INFORMATION ON DISCOUNT COUPON (NFTs)

  1. WHAT IS A DISCOUNT COUPON NFT?

Discount coupon NFTs will become available for all GNS shareholders as of the record date February 28, 2023, to claim on Upstream from March 15, 2023, through June 15, 2023. Discount Coupon NFTs will be claimed as a redeemable non-fungible token (NFT), one per shareholder with the face value equal to $10 per share owned as of the record date. Shareholders may claim their digital coupon till June 15, 2023, and may redeem their claimed coupons until September 15, 2023, at which time the digital coupons shall expire.

After a shareholder of record is verified and successfully claims the discount coupon NFT on Upstream, the shareholder will be able to redeem their discount coupon NFT for iGEMs on Genius Group’s Edtech platform to be used on courses or products.

The discount coupons are not securities and are issued as ERC721 tokens, which are a standard for representing ownership of non-fungible tokens (NFTs), that is, where each token has a unique identifier. The discount coupons may not be traded or withdrawn or transferred from the Upstream app and are only redeemable using the Upstream app. 

  1. WHO CAN CLAIM A DISCOUNT COUPON?

All shareholders of the record date February 28, 2023 are entitled to claim a discount coupon by creating an account on Upstream, completing KYC and verifying their shareholder status. Once the discount coupon has been successfully claimed and found in a shareholder’s Upstream portfolio, shareholders will be able to redeem the coupon to receive a unique redemption code and exchange for iGEMs on Genius Group’s Edtech platform, GeniusU equivalent to $10 per share.

Shareholders may claim their discount coupon till June 15, 2023, and may redeem their claimed coupons until September 15, 2023, at which time the discount coupons shall expire.

  1. HOW DO I CLAIM A DISCOUNT COUPON?

Here’s how shareholders as of the set record date can claim their discount coupon:

    1. Download Upstream and tap Sign Up.
    2. Complete KYC by tapping the settings icon at the top right of the home screen and tapping KYC. Have an ID handy. The email address used for KYC identity verification on Upstream should match the email address used to create your GeniusU account.
    3. Once KYC is approved, Tap Investor, NFT, NFT claim, enter claim code GNSCOUPON
    4. Shareholders will receive an app notice that their claim is being processed and once verified, shareholders will find their discount coupon in their Upstream portfolio with a face value equal to $10 per share owned, typically within 72 hours. If shares are held at a brokerage, you will receive a request for an account statement via email to verify that you’re a shareholder as of record date.
    5. Once the discount coupon is in your portfolio, you may redeem the discount coupon.

Shareholders may claim their discount coupon till June 15, 2023, and may redeem their claimed coupons until September 15, 2023, at which time the discount coupons shall expire. 

  1. HOW DO I REDEEM A DISCOUNT COUPON?
    1. Before you can redeem a discount coupon, you must have successfully claimed a discount coupon following the steps above. You can check that you've successfully received your discount coupon by opening Upstream and tapping Portfolio and finding your discount coupon there. Now you’re ready to redeem the discount coupon for your reward!
    2. Open Upstream, tap Investor, NFT, NFT Redeem, and select the discount coupon (NFT) ticker symbol for the NFT you are redeeming.
    3. Tap ‘Redeem.’
    4. Upon successful redemption, the holder will be shown a unique redemption code. The discount coupon will be removed from the Upstream portfolio. After completing this step, you will receive an email from GeniusU containing your unique link to the Investor Campus. This page will show your iGEM balance and includes all the products that are eligible for iGEM discounts.If you do not receive an email from GeniusU, please contact support@geniusu.com

Find your redemption code any time from the message center by opening the Upstream app, tapping the settings icon in the top right corner then Message Center.

  1. HOW DO I GET SUPPORT WITH THE UPSTREAM APP?

More additional FAQs can be found at https://upstream.exchange/supportcenter

  1. DISCLAIMERS

This site 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.

*If you are a U.S. or Canadian-based citizen or permanent resident that has invested in a company that's listed on Upstream, you may transfer your shares to Upstream and sell them on Upstream’s trading app for liquidation purposes only. You are not permitted to purchase shares of other companies listed on Upstream at this time. Anyone may buy and sell NFTs on Upstream.

If funding Upstream with an ACH or wire bank payment, users must complete Upstream’s in-app KYC process to get their new, FDIC insured, Upstream U.S. bank account details via email. Users may then initiate a funds-transfer from their bank or financial institution to this new U.S. Dollar bank account. If you haven’t completed KYC yet or didn’t select ‘Bank’ as the ‘Deposit From’ option when you completed the process initially, then please go through KYC again selecting the ‘Bank’ payment method. Users may complete the simple KYC process by tapping the settings icon and the KYC option inside the Upstream app.

Upstream is a MERJ Exchange market. MERJ Exchange is a licensed Securities Exchange, an affiliate of the World Federation of Exchanges, and a full member of ANNA. MERJ supports global issuers of traditional and discount securities through the entire asset life cycle from issuance to trading, clearing, settlement, and registry. It operates a fair and transparent marketplace in line with international best practices and principles of operations of financial markets. Upstream does not endorse or recommend any public or private securities bought or sold on its app. Upstream does not offer investment advice or recommendations of any kind. All brokerage services offered by Upstream are intended for self-directed clients who make their own investment decisions without aid or assistance from Upstream. All customers are subject to the rules and regulations of their jurisdiction. By accessing the site or app, you agreed to be bound by its terms of use and privacy policy. Company and security listings on Upstream are only suitable for investors who are familiar with and willing to accept the high risk associated with speculative investments, often in early and development stage companies. There can be no assurance the valuation of any particular company’s securities is accurate or in agreement with the market or industry comparative valuations. Investors must be able to afford market volatility and afford the loss of their investment. Companies listed on Upstream are subject to significant ongoing corporate obligations including, but not limited to disclosure, filings, and notification requirements, as well as compliance with applicable quantitative and qualitative listing standards.

  1. Forward-Looking Statements

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.