Introduction of a New Business Model!

Generation has been dedicated to expanding the Web 3.0 ecosystem. Today, we are excited to announce a significant leap forward in our journey.

With the growing importance of digital asset management and blockchain technology, the blockchain market is expanding. Integration with Web 2.0 companies and platforms for easy blockchain economic activity and community expansion.

Wallet SDK

• Asset Features: Wallet, Staking, Escrow
• Community Features: Message, Airdrop, Lottery

By utilizing our SDK, you can build a more enhanced financial experience and community.

Expanding the Next-Generation Ecosystem! We are committed to doing our best to achieve this goal through our expanded business model. Our aim is to create a broader Web 3.0 ecosystem and provide more benefits to a greater number of users.

Through these changes, we will modernize the app, providing users with even greater value and functionality. We continuously listen to user feedback and strive to enhance the user experience.

Stay tuned for more details about the upcoming new business model and WALLET SDK. We look forward to co-creating the future with you and extend our heartfelt thanks for your ongoing support and collaboration.

Expect more information and updates soon!

What is Generation?

Generation is a project that provides users with interoperability between various chains and helps them leverage data sovereignty in the WEB3 ecosystem.

Generation provides secure Wallet and Social features to facilitate secure interoperability between blockchains. By utilizing Generation’s product such as Wallet, Social, and Asset Management, tokens and data between blockchains can be easily and securely interoperable, and users can build a space to utilize various functions and have their data sovereignty.

Why Generation?

Generation consists of two products, Social and Wallet features of the 3 Seconds Club, and Asset Management function of Timelockers.

Generation integrates various platforms using the Chat SDK of 3 Seconds Club, and utilizes the features of 3 Seconds Club and Timelockers to provide infrastructure for leveraging data sovereignty.

The 3 Seconds Club’s Wallet can quickly expand to EVM-compatible blockchains based on versatile ETH.

📍Webpage | 📍Twitter | 📍TG Group | 📍Whitepaper | 📍ProbitGlobal(Exchange)

For more information or partnership inquiries, please contact us at contact@gen.foundation

Generation is a platform that provides WEB3 interoperability.

We would like to extend our sincere gratitude to all users who participated in the Testnet Event. We will be conducting a $GEN airdrop for users who participated through Zealy, from user 1 to user 500.

Please refer to the Zealy Leaderboard to check the winners!

[Event Winners 🎉]

• Winner Leaderboard: Link
• Rewards: GEN Token
• Zealy Leaderboard XP and GEN are exchanged at a 5:1 ratio
• Extra rewards:
  - 1st: 2,000 GEN
  - 2nd: 1,500 GEN
  - 3rd: 1,000 GEN
  - 4th to 10th: 500 GEN each
  - 11th to 100th: 300 GEN each
• Rewards Distribution: August 30, 2023

Once again, we express our gratitude to the community users who participated in the product testnet event. Generation will strive to deliver even better news and updates to match your interests.

Thank you.

What is Generation?

Generation is a project that provides users with interoperability between various chains and helps them leverage data sovereignty in the WEB3 ecosystem.

Generation provides secure Wallet and Social features to facilitate secure interoperability between blockchains. By utilizing Generation’s product such as Wallet, Social, and Asset Management, tokens and data between blockchains can be easily and securely interoperable, and users can build a space to utilize various functions and have their data sovereignty.

Why Generation?

Generation consists of two products, Social and Wallet features of the 3 Seconds Club, and Asset Management function of Timelockers.

Generation integrates various platforms using the Chat SDK of 3 Seconds Club, and utilizes the features of 3 Seconds Club and Timelockers to provide infrastructure for leveraging data sovereignty.

The 3 Seconds Club’s Wallet can quickly expand to EVM-compatible blockchains based on versatile ETH.

📍Webpage | 📍Twitter | 📍TG Group | 📍Whitepaper | 📍ProbitGlobal(Exchange)

For more information or partnership inquiries, please contact us at contact@gen.foundation.

We are pleased to announce the successful conclusion of the first phase of our Product Testnet Event. We would like to express our heartfelt appreciation to all the community users who participated in this event.

Valuable contributions and feedback from community users have been instrumental in shaping product development.

Regarding the rewards for your participation, we would like to inform you that they will be distributed upon the official launch of the product. The exact timeline for the reward distribution will be communicated through future announcements.

• Snapshot Time: 31 May 2023 at 23:59:59 (UTC)
• Zealy Leaderboard: Link

Throughout the event, we had approximately 2k participants, with over 14k transactions recorded. 🎉 Those who participated in the event can see how many points they earned via the leaderboard.

Once again, we extend our deepest gratitude to all the community users who participated in our Product Testnet Event. Your valuable insights and support have been invaluable.

Please let me know if there’s anything else I can assist you with.

What is Generation?

Generation is a project that provides users with interoperability between various chains and helps them leverage data sovereignty in the WEB3 ecosystem.

Generation provides secure Wallet and Social features to facilitate secure interoperability between blockchains. By utilizing Generation’s product such as Wallet, Social, and Asset Management, tokens and data between blockchains can be easily and securely interoperable, and users can build a space to utilize various functions and have their data sovereignty.

Why Generation?

Generation consists of two products, Social and Wallet features of the 3 Seconds Club, and Asset Management function of Timelockers.

Generation integrates various platforms using the Chat SDK of 3 Seconds Club, and utilizes the features of 3 Seconds Club and Timelockers to provide infrastructure for leveraging data sovereignty.

The 3 Seconds Club’s Wallet can quickly expand to EVM-compatible blockchains based on versatile ETH.

📍Webpage | 📍Twitter | 📍TG Group | 📍Whitepaper | 📍ProbitGlobal(Exchange)

For more information or partnership inquiries, please contact us at contact@gen.foundation.

The Generation Testnet will proceed through the same process as in April.

We plan to provide additional benefits to wallet holders who have conducted many transactions such as missions, staking, OTC, etc. through Zealy, so please participate actively.

What Testnet?

In order to bring everyone on board and provide infrastructure to Web2 and Web3 platforms, our two products needs to be tested and we will be showing our gratitude by incentivizing our participants.

Incentivized Testnet and How to Participate

Generation’s Testnet will be on both Ethereum gorily Testnet (OTC) and Arbitrum’s gorily Testnet(Staking, Burn, Fever Staking, and OTC). All your activities will be recorded with TX and our Crew3 mission board will show your progress. The incentives will be provided according to the record on the Crew3 leader board.

Try our Testnet Missions on Crew3

• TIMELOCKERS Guideline link
• Crew3 link

Let’s leave your footprints and receive your rewards after the Testnet.

Thank you for your participation in advance.

For more information or partnership inquiries, please contact us at contact@gen.foundation.

Generation aims to connect users experiencing Web3 and create an environment where users can have diverse experiences. We are putting our effort to develop a more convenient environment for Web3 users based on the experiences of initial users through our Testnet.

Connecting Web2 and Web3 🙌

We plan to enable Web2 users to integrate with Web3 in 2023. By connecting Group Channels of Timelockers and 3 Seconds Club and providing a Chat SDK, users from various platforms and communities will have the opportunity to expand from Web2 to Web3 environments. This will be a great year where both Web2 and Web3 users can utilize each other’s advantages and have scalability without distinction.

For more information or partnership inquiries, please contact us at contact@gen.foundation.

Since the launch of Generation, we have been developing various DAPPS including 3 Seconds Club and Timelockers with the goal to inspire the world and connect Generations.

Timelockers and 3 Seconds Club are the first two major Generation’s products and we are excited to announce Testnet event is finally arrived.

What Testnet?

In order to bring everyone on board and provide infrastructure to Web2 and Web3 platforms, our two products needs to be tested and we will be showing our gratitude by incentivizing our participants.

Incentivized Testnet and How to Participate

Generation’s Testnet will be on both Ethereum goerli Testnet (OTC) and Arbitrum’s goerli Testnet(Staking, Burn, Fever Staking, and OTC). All your activities will be recorded with TX and our Crew3 mission board will show your progress. The incentives will be provided according to the record on the Crew3 leader board.

Try our Testnet Missions on Crew3

• TIMELOCKERS Guideline: link
• Crew3: link

Let’s leave our footprints and receive your rewards after the Testnet.
Thank you for your participation in advance.

For more information or partnership inquiries, please contact us at contact@gen.foundation.

Hello. This is the Generation.

Generation releases two products for Web3 social community scalability. Timelockers for asset management and 3 Seconds Club with Social Wallet function have been released.

Two products provide Generation’s core values and capabilities for building infrastructure.

• TIMELOCKERS Web
• TIMELOCKERS Guide Docs

Timelockers is a Web3 Asset Management Platform with three major features.

1. Asset — Escrow, Staking, Lottery, Airdrop
2. Community — Group Channel
3. Governance — Voting

Users will be able to utilize the Asset function through the Group Channel to communicate and trade data assets with various communities and platform users connected through the Chat SDK.

• 3SECONDSCLUB Web
• 3SECONDSCLUB Guide Docs

3 Seconds Club is a Social-Fi Application that has three features.

1. Asset — Wallet, Escrow, Lottery, Airdrop
2. Message — Chat
3. Scalability — Chat SDK

It is an integrated application that allows crypto users to communicate and manage their assets on one platform, including Web2 social media and Web3 wallet.

Communities and platforms using the Chat SDK provide scalability to communicate with each other and utilization of Web3 features.

Generation’s vision is to build and provide infrastructure to Web2 and Web3 platforms, and help users to interoperate with various blockchains with easy integration to the ecosystem.

Testnet
Our testnet for Timelockers and 3 Seconds Club starts April 13th 09:00 KST (UTC +9)
Please join our testnet and various events. Testnet details will be announced soon.

For more information or partnership inquiries, please contact us at contact@gen.foundation.

Generation is a project that provides interoperability infrastructure for the WEB2 and WEB3 ecosystems.

In 2022, while preparing the initial business model, Generation realized that the WEB3 ecosystem needed scalability for social communities.

Subsequently, Generation was preparing a separate Mainnet network and a social payment app called 3 Seconds Club.
(Reference)
https://medium.com/generation-foundation/gen-explorer-dev-testnet-is-launch-fe304cdec5ce

However, due to the competition from various L1 and L2 projects in the market, it required a lot of time and effort to build an independent network ecosystem.

From the beginning, we believed that it was more important to expand the ecosystem and introduce our project to the public by using our product to connect WEB2 and WEB3 interoperability and onboard to various platforms, rather than building a single network ecosystem.

Therefore, we plan to release and provide services for a product that connects WEB2 and WEB3 platforms and communities through interoperability infrastructure, rather than building an existing Mainnet network.

We are releasing our new roadmap, whitepaper, and tokenomics.

ROADMAP

• 2023 Q1

- Release Timelockers (Staking, Escrow C2C (ETH, ARB))
- Release 3 Seconds Club (Add Wallet, Chat, DApp Browser functionality)

• 2023 Q2

- Develop Timelockers (Release dShop, Add Group Channel, Burn, Fever Staking, and Airdrop)
- Develop 3 Seconds Club (Add Group Channel to Chat, Airdrop, Escrow (C2C))

• 2023 Q3

- Develop Timelockers (Release DApp: Lottery, Gate Keeper Fee Discount, Add Owner Dashboard, Add dShop Dashboard)
- Develop 3 Seconds Club (Add Chat SDK to Chat, Add Lottery)

• 2023 Q4

- Develop Timelockers (Add Chat SDK Integration, Add Escrow C2N)
- Develop 3 Seconds Club (Release Chat SDK to Chat)

Our goal for 2023 is to develop and improve the functions of Timelockers and the SocialFi application 3 Seconds Club for asset management, and to secure users through platforms and communities.

Whitepaper

Whitepaper: https://gen-foundation.gitbook.io/whitepaper-ver.3.0.0/overview/introduction

In Generation’s new whitepaper, we have shared the vision that Generation aims for and confirm the direction to move forward.

Tokenomics

Tokenomics: https://gen-foundation.gitbook.io/whitepaper-ver.3.0.0/tokenomics/gen-tokenomics

The total supply of Generation Token was 9,366,750,000 GEN. The current changing Total Supply is 3,790,000,000 GEN.

On March 28, 2023, 5,576,750,000 GEN was burned. The sudden burning of GEN Token is a choice for liquidity and price stabilization of tokens according to the newly changed roadmap.

[Generation Burn Txid]

Sale Volume: 310,000,000 GEN

- TxID: https://etherscan.io/tx/0xe43dbefd834a9a78567a4e0761ddcfd738870198f6658f07382b1fc7af81436f

Ecosystem Volume: 4,095,000,000 GEN

- TxID: https://etherscan.io/tx/0x703762e25c61c6bafc4b8923e147534bc75e893adc0744cbd6104451101bce33

Marketing Volume: 440,000,000 GEN

- TxID: https://etherscan.io/tx/0xbbf530db4da9c1907f2f64b959d3f5f404a07a1559146a8c4f857d7b7f2d63e6

Liquidity Volume: 372,000,000 GEN

- TxID: https://etherscan.io/tx/0x2bf6302cf11d451d213b39fad45fefe470d3816f39a3bb192f2983581f8796e7

Team Volume: 212,500,000 GEN

- TxID: https://etherscan.io/tx/0x703762e25c61c6bafc4b8923e147534bc75e893adc0744cbd6104451101bce33

Advisor Volume: 147,250,000 GEN

- TxID: https://etherscan.io/tx/0x891707cbd15e7a394001f63ed5b4138af08c3f5db6b19150f0dfdd98e705fbd2

General consumers have difficulty using Web3 services because the connection with the existing platform is not smooth and the experience is complicated.

The multi chain platform enables Web3 services to connect with various products and platforms, giving consumers more accurate financial control.

In 2023, Generation is preparing for the official release of Timelockers and 3 Seconds Club according to the new roadmap and whitepaper.

The product is scheduled to be released on April 10, 2023, and we plan to expand the ecosystem that provides infrastructure for WEB2, WEB3 platforms, and communities to interact with each other.

Thank you.

What is Generation?

Generation is a project that provides users with interoperability between various chains and helps them leverage data sovereignty in the WEB3 ecosystem.

Generation provides secure Wallet and Social features to facilitate secure interoperability between blockchains. By utilizing Generation’s product such as Wallet, Social, and Asset Management, tokens and data between blockchains can be easily and securely interoperable, and users can build a space to utilize various functions and have their data sovereignty .

Why Generation?

Generation consists of two products, Social and Wallet features of the 3 Seconds Club, and Asset Management function of Timelockers.

Generation integrates various platforms using the Chat SDK of 3 Seconds Club, and utilizes the features of 3 Seconds Club and Timelockers to provide infrastructure for leveraging data sovereignty.

The 3 Seconds Club’s Wallet can quickly expand to EVM-compatible blockchains based on versatile ETH.

📍Webpage | 📍Twitter | 📍TG Group | 📍White Paper | 📍ProbitGlobal(Exchange)

For more information or partnership inquiries, please contact us at contact@gen.foundation.

However, it is still difficult to find cases where the effectiveness rate occurs on the metaverse platform. To put it simply, there has never been a case where metaverse outperforms online games.

Metaverse, which combines game elements, has not even succeeded in the Web3 market.

Then, what is the process for mass adoption of Web3?

User Experience

Until now, many traditional Web2 companies have boasted huge sales without communicating with customers both online and offline.

However, recently, mainstream customers have increased their online activities than offline, and satisfaction has increased for companies that actively communicate with customers. Therefore, traditional Web2 companies are introducing the Web3 structure, conducting various events online and offline, and striving to strengthen user experience.

• Related Press 1 : Metaverse Fashion Week: The hits and misses
• Related Press 2 : Ozzy Osbourne, Dillon Francis and Soulja Boy to Perform at Decentraland’s Metaverse Music Festival
• Related Press 3 : Mattel Launches NFT Marketplace With Hot Wheels Collection

Decentralization, freedom, sovereignty

In order to mass adopt Web3, a decentralized structure based on blockchain technology is needed. Digital assets, Digital ID, protocols between platforms, and profit structures are shared and encrypted through blockchain technology.

Multi chain

General consumers have difficulty using Web3 services because the connection with the existing platform is not smooth and the experience is complicated.

The multi chain platform enables Web3 services to connect with various products and platforms, giving consumers more accurate financial control.

About Generation

Generation (GEN) is an interoperable protocol for extending the Web 3.0 ecosystem. GEN intends to actively support the three values of ‘freedom’, ‘sovereignty’, and ‘decentralization’ while composing the Web 3.0 ecosystem. The first ‘freedom’ guarantees ‘freedom’ of expression and the privacy of data by utilizing blockchain. The second ‘sovereignty’ allows users to strengthen and own the ‘data sovereignty’ in the Generation ecosystem in line with the Web 3.0 era and obtain rewards by using it. The third ‘decentralization’ utilizes Generation Protocol to operate decentralized networks and assets. Through these three values, users can experience the true Web 3.0 and become the members of GEN ecosystem.

Why Generation?

GEN utilizes the GEN Protocol to allow projects of various blockchain networks to solve the on-chain scalability trilemma of the blockchain network by utilizing the functions of GEN Protocol and Generation’s products, Pinetree Space and 3 Seconds Club. Participants can expand and complete the Web 3.0 ecosystem with users through fast transaction speed and payment.

📍Webpage | 📍Twitter | 📍TG Group | 📍 Facebook | 📍White Paper 2.0 | 📍ProbitGlobal(Exchange) | 📍GEN Explorer |📍3 Seconds Club(Google playstore)

For more information or partnership inquiries, please contact us at contact@gen.foundation.

The process of mass adopting Web3 was originally published in Generation Foundation on Medium, where people are continuing the conversation by highlighting and responding to this story.

2022 was a very interesting year for the development and regression of the Crypto market.

It has been proven that business value does not increase simply because the coin price increases.

In the future, we need to focus more on increasing business value from a long-term perspective and strive for a natural rise in token prices based on actual demand.

The blockchain market is still in its infancy, and as Web2 companies advance into the Web3 market, the blockchain market will become a globally essential industry.

‘Generation’ wants to recap 2022 for the growth of 2023. We ask for your support from the community in 2023.

Happy new year!

Jun : MOU with UN SDGs Association

Generation Foundation has signed an MOU with the UN SDGs for the purpose of NFT and technical cooperation.

July : Integrating Chainlink VRF

By integrating Chainlink VRF (Verifiable Random Function) into the Generation ecosystem, it is now possible to provide a fair on-chain random value through verification, free from the risk of manipulation.

July : MOU with BLOCKO

Generation Foundation has signed an MOU with the BLOCKO for the purpose of growth in the ecosystem of Web 3.0 & NFT.

August : White Paper 2.0 has been released

Generation Foundation has developed and launched solutions and products to revitalize Generation’s ecosystem and provide our own technology and products to users.

August : Listed Exchange

Generation’s $GEN has been listed on the ‘Probit’.

September : Joined Conferences(Near, CoinfestAsia, KBW2022, AvalancheHacks, Polygon Connect)

The Generation team attended various conferences for network collaboration.

• Near MeetUp in Bali(Indonesia)
• CoinfestAsia MeetUp in Bali(Indonesia)
• KBW2022 in south korea
• AvalancheHacks in south korea
• Polygon Connect in south korea

October : MOU with ONBUFF(ONIT) & ART DE FINANCE(ADF)

Generation Foundation has signed an partnership with the ONBUFF(ONIT) & ART DE FINANCE(ADF) for the purpose of expand in the ecosystem of Multichain.

October : Explorer dev-Testnet launch

GEN Explorer dev-Testnet has been launched.
GEN Explorer will provide services for dApps onboarding to Generation Mainnet in the future, starting with Tx service for the initial 3 Seconds Club chat history.

October : Joined Conferences @BWB2022

Generation Foundation held an private yacht party & airdrop event booth. Global crypto companies such as Binance, CoinMarketCap, Crypto.com, FTX, Huobi, and Gate.io participated in BWB2022 hosted by Busan City.

October : $GEN Burn & Unlock Schedule

Generation Foundation decided to burn some of the allocation amount($GEN) of investors, team, advisors, marketing, and liquidity of $GEN to revitalize Generation protocol and products.\

October : $GEN Lockup Schedule Extension

Generation’s Seed and Private1 investors have agreed to extend the $GEN lockup for the development of the Generation ecosystem.

November : Supports Polygon networks

Generation supporting Polygon as part for multi-chain integration.

GEN distributed on the Polygon network will be supplied with liquidity through the platform, and can be transferred through the bridge after the sale lockup volume is released on 3/28/2023.

November : 3SecondsClub App Launching

Generation Foundation released Web3 socialfi app ‘3 Seconds Club’ on android google playstore.

The #Web3 community is a group that activities sincerely on that platform. Until now, the Web3 community is mainly used on platforms such as Metaverse, but #3SecondsClub is the only Web3 socialfi messenger that can communicate in real time.

November : 5,000,000 $GEN liquidity supply to Quota Protocol

Generation supply 5,000,000 GEN to the Quota Protocol’s liquidity pool as a part of plan for expansion to Polygon ecosystem.

About Generation

Generation (GEN) is an interoperable protocol for extending the Web 3.0 ecosystem. GEN intends to actively support the three values of ‘freedom’, ‘sovereignty’, and ‘decentralization’ while composing the Web 3.0 ecosystem. The first ‘freedom’ guarantees ‘freedom’ of expression and the privacy of data by utilizing blockchain. The second ‘sovereignty’ allows users to strengthen and own the ‘data sovereignty’ in the Generation ecosystem in line with the Web 3.0 era and obtain rewards by using it. The third ‘decentralization’ utilizes Generation Protocol to operate decentralized networks and assets. Through these three values, users can experience the true Web 3.0 and become the members of GEN ecosystem.

Why Generation?

GEN utilizes the GEN Protocol to allow projects of various blockchain networks to solve the on-chain scalability trilemma of the blockchain network by utilizing the functions of GEN Protocol and Generation’s products, Pinetree Space and 3 Seconds Club. Participants can expand and complete the Web 3.0 ecosystem with users through fast transaction speed and payment.

📍Webpage | 📍Twitter | 📍TG Group | 📍 Facebook | 📍White Paper 2.0 | 📍ProbitGlobal(Exchange) | 📍GEN Explorer |📍3 Seconds Club(Google playstore)

For more information or partnership inquiries, please contact us at contact@gen.foundation.

Happy new year! Here’s the Generation 2022 recap. was originally published in Generation Foundation on Medium, where people are continuing the conversation by highlighting and responding to this story.