jakiro
Since Virtual launched the Genesis Launches platform, although there are some projects that appear to be unreliable at first glance, it is rare to directly issue meme coins, and even if there are some, they are still unreasonable projects.
Until a few days ago, this phenomenon was broken – a well-known AI Agent Vader that the launching platform has been working with began to directly issue the meme coin VIRGEN it created on it.
The special thing about this meme coin is that it is a well-known team’s publicly issued by a Ming card meme coin.
Although it is a meme coin, it has shown its community-friendliness in terms of issuance mechanism: in addition to some of the tokens issued for pre-sale and some for liquidity, a considerable number of them were airdropped to the pledged users of the Virtual ecosystem and some users holding classic meme coin.
In addition to the special issue mechanism, this token is different from other pre-sale tokens: it has no lock-up period.This means that if the sale is successful, the token will have a higher premium as soon as it is launched. Users participating in the sale can sell immediately without restrictions to make a profit – this is an operation that many participants have always dreamed of.
This has led many users to speculate whether the token will plummet immediately after it is released.
Despite all kinds of speculations and concerns, many users still participated in the release and were successfully released.
Surprisingly, there was no plunge that everyone was worried about after the token was launched, but continued to rise.
On the team, in addition to the airdrops announced by the pre-sale, airdrops were also issued to users who participated in the pre-sale of tokens and did not sell off. Since then, they have continued to repurchase the tokens in the market with the profits they obtained.
After this operation, the token immediately established its unique image and became the most well-deserved meme coin in the Virtual ecosystem.
After the successful meme coin, a new meme coin NOTHING appeared in the ecosystem.However, this meme coin is not just a meme. Its team also gives it a very direct purpose: locking the tokens “permanently” so that participants who pledge it can continue to “permanently” get points participating in the platform release.
NOTHING was also successfully released and made two additional airdrops, exceeding previous expectations for the token.
The reason why these two meme coins were successfully sold in the context of the current meme flooding is, in my opinion, because on the one hand, they have some generous operations in terms of mechanisms; on the other hand, it is because the actions of the team behind them are obviously different from most meme coins that only focus on profit.
But such operations are difficult to replicate, and such teams cannot get more.
Therefore, with these two successful cases, I was thinking: Genesis Launches is a license-free launch platform after all, and anyone can post projects on it.These two successful cases will definitely attract a number of projects of varying quality, destroying the ecological atmosphere, and causing a situation where “a grain of rat shit is ruined”.
If so, won’t this platform become a pump.fun again?
If Virtual becomes the second pump.fun, it will most likely not go far.
To change this situation, the easiest way is to directly change the rules and use additional constraint mechanisms to limit such projects.But once you do not grasp the right measure, it is easy for the team to stretch out their hands longer and become responsible for everything, and ultimately, killing everything, causing the platform to completely lose its vitality.
The best way is to continue to issue projects (including projects of varying quality) without permission, but let the market’s own mechanism eliminate inferior projects.If the Virtual ecosystem can form such a benign market mechanism, it can create its unique culture and atmosphere, and it can also build this mechanism and atmosphere into its strong moat.
However, the ultimate key to forming such a mechanism and atmosphere is to require a group of high-quality participants who can consciously exclude bad projects with their actions.
So I’ve been paying close attention to those projects that will be launched next.
Sure enough, several uncreative, purely empty meme coins were released on the platform.Although the first one was successfully released, the price of the token plummeted after it was launched.The next few were directly hit by the market.
Seeing this situation, I felt a little relieved.
I hope this atmosphere and mechanism can continue, allowing Virtual to form a completely different platform from pump.fun.
