The Rise and Development of Meme Coin Projects on the Virtual Platform

Recently, the Genesis Launches platform under Virtual has witnessed an interesting phenomenon. Although there have been some projects of varying quality on the platform, direct issuance of meme coins has not been common. However, this situation has changed recently.

A well-known AI Agent developed a meme coin called VIRGEN and publicly issued it on the platform. What makes this project special is that it is a well-known meme coin issued by a reputable team. Although positioned as a meme coin, its issuance mechanism demonstrates a friendly attitude towards the community. In addition to the presale and liquidity parts, the project has also reserved a considerable proportion of airdrops for staking users within the ecosystem and certain holders of classic meme coins.

Another unique aspect of VIRGEN is the absence of a lock-up period, which means that users participating in the presale can profit immediately after the launch. Although there were concerns that this might lead to a price crash, it has proven that these worries were unnecessary. After the token was launched, it not only did not decline but instead continued to rise.

The subsequent actions of the project team further enhanced community confidence. They not only fulfilled the promised airdrop but also provided additional rewards to users who participated in the presale and did not sell their tokens, continuously using profits to buy back tokens. These initiatives made VIRGEN quickly become the most recognized meme coin on the platform.

Following closely, another meme coin project called NOTHING has also achieved success. This project is not just a simple meme coin; it has introduced an innovative mechanism: by permanently locking tokens, it allows stakers to continuously earn points from participating in platform sales. The issuance of NOTHING was equally successful and included two additional airdrops, exceeding market expectations.

The success of these two projects can be attributed to their generous mechanism design and the sincerity of the teams behind them. However, this success model is difficult to replicate and it is also hard to find similar high-quality teams.

With the emergence of these successful cases, some low-quality imitation projects have started to appear on the platform. Some projects, although successfully launched, saw their prices plummet rapidly after going online; while others were completely ignored by the market.

This mechanism of natural elimination in the market is crucial for the long-term development of the platform. It helps to form a unique cultural atmosphere, becoming a competitive advantage for the platform. However, maintaining this healthy ecosystem ultimately relies on high-quality participants who can consciously exclude low-quality projects through their actions.

In the future, I hope that this positive atmosphere and market mechanism can continue, allowing the platform to form a unique and high-quality project ecosystem.