The Rise of Meme Coins in the Virtual Ecosystem and the Formation of Market Mechanisms

Recently, the Genesis Launches platform launched by Virtual has encountered an interesting phenomenon. Although there have been some projects of varying quality on the platform, cases of directly issuing meme coins have been rare. However, this situation has changed recently.

A well-known AI Agent has begun to publicly issue a meme coin called VIRGEN on the platform. The uniqueness of this project lies in the fact that it is a transparent meme coin issued by a well-known team. Although positioned as a meme coin, its issuance mechanism demonstrates a friendly attitude towards the community. In addition to the presale and liquidity portions, the project also provides airdrops for stakers in the Virtual ecosystem and some holders of classic meme coins.

Unlike other presale tokens, VIRGEN has no lock-up period. This means that once the sale is successful, participants can profit immediately after the token is launched. Although some are concerned that this may lead to a price crash, the reality is quite the opposite. After the token went live, not only did it not crash, but it continued to rise.

The subsequent operations of the project team are also quite remarkable. They not only completed the scheduled airdrop but also conducted additional airdrops for presale participants who did not sell their tokens, and continuously used profits to buy back tokens. These initiatives have quickly made VIRGEN an iconic meme coin in the Virtual ecosystem.

Following closely, another meme coin project called NOTHING has emerged. This project is not just a simple meme; it also gives the token actual utility: by "permanently" locking the tokens, participants can continuously earn points released by the platform. NOTHING also successfully launched and conducted two additional airdrops that exceeded expectations.

The success of these two meme coin projects is partly due to their generous mechanism design, and partly thanks to the good operation of the team behind them, which stands in stark contrast to many meme coin projects that are purely profit-driven.

However, this successful model is difficult to replicate, and excellent teams are not common. Therefore, people are beginning to worry that these successful cases will attract a large number of mixed-quality projects, which may harm the ecological environment.

To maintain the healthy development of the platform, the ideal approach is to allow the market mechanism to naturally eliminate inferior projects, rather than restricting project issuance through additional constraints. This requires a group of high-quality participants who can consciously resist bad projects.

It has been proven that the market does show its self-cleaning ability. Following VIRGEN and NOTHING, several uninspired meme coin projects have emerged one after another, but either their prices plummeted after launch or they were simply ignored by the market.

This market response is reassuring, indicating that the Virtual ecosystem is forming a healthy atmosphere and mechanism. If this trend can be maintained, Virtual is expected to create a unique ecosystem that is distinctly different from other platforms, which will become its strong competitive advantage.