Jessy, Jinse Finance
As Bitcoin breaks through $110,000, reaching a new historical high, the Altcoin market has also shown signs of improvement.
The former AI Agent track leader Virtuals Protocol has seen a price rebound, with its price rising nearly fourfold in the past month, once again leading the AI track. The price increase is also attributed to its continuous innovation.
In April, it launched a new mechanism called Genesis Launch. This is a mechanism that allows new AI agent projects to issue tokens through community-driven methods. Users can obtain priority allocation rights for these new tokens by holding $VIRTUAL tokens and earning points.
Before this mechanism was introduced, users had no threshold for new coins launched on Virtuals Protocol. Now, this innovation has redefined the token distribution rules on Virtuals Protocol, with a fairer approach designed. Token issuance on the Virtuals platform is no longer arbitrary, requiring user voting through points, and a project can only be successfully launched if the subscribed $VIRTUAL tokens meet certain standards.
From Binance to Virtuals, points have become a key to user participation in platform projects or obtaining rewards, and points are also transforming users from speculators to true industry builders.
The Core Logic Behind Points: Giving Users More Power
The token launch process for AI Agents on Virtuals Protocol's Genesis Launch is as follows: The project needs to pay a creation fee of 100 $VIRTUAL tokens; users then have 24 hours to commit points for pre-sale, with the system calculating dynamic allocation based on total committed points; users deposit corresponding $VIRTUAL tokens to lock their allocation quota; the final allocation is determined at the end of the 24-hour window. If the total subscribed $VIRTUAL is less than 42,425 $VIRTUAL, the launch fails and all committed points and tokens are refunded; if it's higher, the launch succeeds, with excess $VIRTUAL and points fully refunded. After a successful launch, users can claim their allocated tokens through the user interface.
According to Genesis Launch rules, the final token allocation is determined at the end of the 24-hour window based on total committed points. This mechanism sets a fundraising threshold, preventing projects from successfully issuing tokens without sufficient market acceptance, effectively constraining token issuance, protecting participants' interests, and encouraging project teams to more carefully assess their project's attractiveness and market demand.
This design is also a form of power decentralization. Previously, issuing tokens on the Virtuals platform was quite arbitrary, but it was initially stipulated that when an AI Agent token's market value exceeded $1 million, it would "graduate" from the initial bonding curve mechanism and create a liquidity pool on decentralized exchanges like Uniswap, thus gaining better trading liquidity and more attention.
Currently, projects are screened through points and users' advance subscription with points and tokens. Users participate in ecosystem transactions to earn points, and having points is like having voting rights in a DAO.
Point Acquisition and Usage
For users, obtaining points is not difficult. Mainly through the following methods:
Posting related articles on Twitter that get over 500 views earns points; participating in Genesis Launches projects; buying tokens successfully launched on Genesis; trading Agent tokens like $AIXBT $GAME; holding $Virtual; staking officially recognized AI agent tokens like $AIXBT $VADER;
For users, the best way to accumulate points is currently posting tweets, with more views earning more points. The next best method is trading new Agent tokens, with over 60% of points allocated to wallets trading and holding Agent tokens. Especially for small investors, the best way to earn points is to hold and trade new tokens on Virtuals.
After obtaining points, the specific operation is: enter the pre-sale website and invest points in projects, with a current $VIRTUAL investment limit of 566 tokens. After users invest points, the system calculates dynamic allocation based on total committed points. The more points committed, the higher the maximum allocation.
Currently, points are valid for 30 days, similar to Binance Alpha's setup. Binance Alpha's validity is 15 days, while Virtuals is 30 days, offering users a more relaxed rule setting.
It also stipulates a maximum allocation of 0.5% of total token supply per user, effectively preventing excessive token concentration. All AI agent projects launched through the Genesis mechanism follow a unified token distribution framework: 37.5% for public sale, which users vote on through points; 12.5% for liquidity pool; 50% for developers, treasury, and marketing.
Small Points, Transforming Users from Speculators to Builders
Genesis Launch is committed to building a fair competitive environment through a contribution point-based access system, on-chain transparent allocation logic, and automatic refund mechanism. This helps the industry recognize the importance of fair launch mechanisms for long-term project development, effectively deterring malicious on-chain sniping and small group manipulation, ensuring early supporters receive reasonable token shares, and improving project market exposure.
In the future, token distribution methods based on contribution and transparency like Genesis Launch may become more favored. Projects will focus more on fair rules that reward users truly participating and supporting project development, preventing token concentration among a few, helping to build a healthier project ecosystem.
Moreover, Genesis Launches' point acquisition is related to multiple factors like users' token holding time, encouraging users to hold tokens long-term and become true Virtuals ecosystem builders.
Similarly, Binance's Alpha points require users to trade Alpha tokens to earn points, which determine eligibility for Alpha airdrop and TGE rewards.
Currently, the industry has indeed entered a bottleneck period, with no innovation, and many users just wanting to make quick money and leave, unable to truly stay in the ecosystem and industry.
The industry's development needs not just speculators, but people who can truly stay and participate in building. By allowing users to participate, earn points, and use points to gain platform rights, users are encouraged to stay and think about how to evaluate project potential and help good projects develop. This is the transformation from a gambler's mindset to a builder's mindset.
As the market gradually returns to rationality and investors focus more on project value, only high-quality projects with actual application scenarios and innovative technologies will succeed on various launch platforms in the future. This will drive project teams to focus more on technological R&D and application implementation, improving project utility and competitiveness, and creating real value for users.
