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Virtual ecosystem meme coin new trend: VIRGEN and NOTHING lead the quality project wave.
Recently, the Virtual ecosystem has welcomed some notable developments. Although there have been some seemingly unreliable projects launched on the Genesis Launches platform before, projects that directly issue meme coins are not common. However, this situation has changed recently.
A well-known AI agency has unabashedly launched its own meme coin VIRGEN on the platform. What sets this project apart is that it is a meme coin publicly issued by a reputable team in the industry. Although positioned as a meme coin, its issuance mechanism demonstrates a friendly attitude towards the community: in addition to the presale and liquidity portions, a considerable proportion is also allocated for airdrops to staked users within the ecosystem and some classic meme coin holders.
Another notable feature of VIRGEN is that there is no lock-up period. This means that if the issuance is successful, there may be a high premium after the coin is launched, allowing participants to profit immediately. This has raised concerns among some users about the possibility of the coin rapidly plummeting.
Despite various speculations, many users still participated in the issuance and ultimately achieved success. Surprisingly, after the token went live, it not only did not crash but continued to rise. In addition to fulfilling the promised airdrop, the team also conducted additional airdrops for pre-sale participants who did not sell and continued to use profits for buybacks. This series of actions quickly made VIRGEN an iconic meme coin in the ecosystem.
Following closely, another meme coin named NOTHING has emerged. It is not just a simple meme coin; it has been given actual utility: by "permanently" locking tokens, stakeholders can continuously earn points for participating in the platform's issuance. NOTHING has also successfully launched and conducted two additional airdrops, exceeding market expectations.
The success of these two meme coins in the current environment stems, on one hand, from their generous mechanism design, and on the other hand, from the unique operations of the team behind them, which stands in stark contrast to most purely profit-driven meme coins.
However, this successful model is difficult to replicate, and such high-quality teams are also rare. Therefore, some projects of varying quality may flood the platform, attempting to replicate this success. This could harm the overall atmosphere of the ecosystem and turn the platform into another hub for low-quality projects.
To avoid this situation, the most direct approach is for the platform to intervene directly and impose additional constraints to limit such projects. However, if this approach is not handled properly, it may lead to excessive control, ultimately stifling the vitality of the platform.
A more ideal solution is to maintain the threshold-free characteristic of project issuance while allowing market mechanisms to naturally eliminate inferior projects. If such a positive mechanism can be formed, the Virtual ecosystem can create a unique cultural atmosphere and build strong competitive barriers.
The key to achieving this goal lies in attracting high-quality participants who can resist poor projects through their actions. It has been proven that after VIRGEN and NOTHING, several uninspired meme coin projects did indeed emerge. The first of these had a successful issuance, but its price plummeted after going live; while the subsequent projects were directly neglected by the market.
This trend is reassuring, and I hope that such an atmosphere and mechanism can continue, allowing the Virtual platform to establish a unique ecological environment that truly differentiates it from other similar platforms.