The Development Status and Thoughts of Meme Coin Projects on Virtual Platforms

Recently, the Genesis Launches platform under Virtual has welcomed some eye-catching meme coin projects. Although the platform has previously seen some low-quality projects, public offerings of meme coins are not common.

Recently, a well-known AI Agent team launched the meme coin VIRGEN on this platform, which is the first meme coin project publicly issued by a renowned team. VIRGEN demonstrated a friendly attitude towards the community in its issuance mechanism, providing a large number of airdrops for ecosystem staking users and classic meme coin holders, in addition to presale and liquidity.

Another feature of VIRGEN is that there is no lock-up period, which means participants can profit immediately after the listing. Although some are concerned this may lead to a price crash, the opposite has been true, with the price of the token continuing to rise after its listing. The team also conducted additional airdrops for loyal presale participants and continued market buybacks, further solidifying its position in the ecosystem.

Following closely, another meme coin project called NOTHING has also achieved success. This project is not just a simple meme coin, but also offers a unique feature: permanently locking tokens to earn continuous platform sale points. The success of NOTHING has exceeded many people's expectations.

The success of these two projects can be attributed to their generous mechanism design and the integrity of the team, which stands in stark contrast to many meme coin projects that purely pursue profit. However, this successful model is difficult to replicate, and excellent teams are not common.

With the emergence of these successful cases, the platform may attract more mixed-quality projects. To prevent the platform from becoming just another investment venue, the best strategy is to maintain a permissionless issuance mechanism while allowing the market to naturally eliminate subpar projects. This approach can help Virtual establish a unique cultural atmosphere and competitive advantage.

The key to achieving this goal lies in attracting high-quality participants who can consciously resist bad projects. It has been proven that after VIRGEN and NOTHING, some uninspired meme coin projects have indeed been met with market indifference. The first such project, although successfully issued, saw its price plummet rapidly after listing, while several subsequent projects were directly eliminated by the market.

This trend is reassuring and shows that the Virtual platform is forming a healthy ecosystem. I hope this positive atmosphere and market mechanism can continue, making Virtual an innovative incubator that is distinctly different from pure speculative platforms.