The rise of Virtual Genesis meme coin VIRGEN and NOTHING leads the new trend

Virtual Genesis Launches the development of meme coins on the platform

Recently, some eye-catching meme coin projects have appeared on the Virtual Genesis Launches platform, breaking the situation of fewer projects explicitly labeled as meme coins on the platform. The most notable is the VIRGEN token launched by the well-known AI Agent Vader.

VIRGEN, as a publicly issued meme coin, demonstrates a friendly attitude towards the community through its issuance mechanism. In addition to the presale and liquidity portion, a considerable proportion is also allocated for airdrops to stakers in the Virtual ecosystem and some holders of classic meme coins. It is worth noting that VIRGEN has no lock-up period, which means participants can trade immediately after it goes live.

Despite concerns of a crash, VIRGEN has shown a continuous upward trend since its launch. The issuing team not only completed the scheduled airdrop but also provided additional airdrops to pre-sale participants who did not sell their tokens, and continued to buy back tokens with profits. These measures have quickly made VIRGEN one of the most representative meme coins in the Virtual ecosystem.

Following VIRGEN, another meme coin called NOTHING has also attracted attention. NOTHING not only has meme attributes but also features a unique permanent locking mechanism that allows stakers to continuously earn points released by the platform. The successful issuance of NOTHING and two additional airdrops have exceeded market expectations.

The success of these two meme coin projects is attributed, on one hand, to their generous mechanism design, and on the other hand, to the sincere initiatives of the team behind them, which stands in stark contrast to most meme coin projects that are primarily profit-driven.

However, this successful model is difficult to replicate and may lead to the imitation of some low-quality projects. To avoid the platform becoming another pump.fun, the best strategy is to maintain the permissionless nature of project issuance while allowing market mechanisms to naturally weed out low-quality projects. This requires conscious actions from a group of high-quality participants to maintain ecological health.

In fact, after VIRGEN and NOTHING, several uninspired meme coin projects did emerge. The first of these had a successful launch, but its price plummeted after going live; while the subsequent projects were outright ignored by the market. This market reaction demonstrates the judgment of participants in the Virtual ecosystem and is expected to create a unique platform culture and atmosphere distinct from pump.fun.

Maintaining this positive ecosystem is crucial for the long-term development of Virtual. It not only shapes the platform's unique culture but also becomes a strong competitive barrier. I hope Virtual can continue to sustain this market mechanism and create a distinct cryptocurrency issuance platform.

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