On-chain Sniper Doomsday? Virtuals Protocol New Launch Mechanism Genesis Quick Read

End the on-chain snipers and conspiracy behaviors? A quick read on the new launch mechanism Genesis of Virtuals Protocol.

Written by: KarenZ, Foresight News

As the hype around AI agents subsides, the industry is undergoing a reconstruction of fair launch mechanisms. On April 17, Virtuals Protocol launched its new launch mechanism Genesis Launch on Base, aiming to redefine the rules of token distribution.

According to the official description, Genesis Launch is a protocol layer primitive specifically built for the allocation of AI agent tokens, upgrading token launches to a proof system. Its three core features include: a contribution points-based access system, on-chain transparent and traceable distribution logic, and an automatic refund mechanism that protects participants' rights.

What is Genesis Launch?

Genesis Launch, as an innovative token distribution mechanism within the Virtuals Protocol ecosystem, is centered around the core concepts of "fairness, openness, and efficiency," dedicated to building a permissionless competitive environment. This mechanism ensures that early supporters can obtain a reasonable share of tokens through point staking and a dynamic distribution model, while effectively curbing malicious on-chain sniping and manipulation by small groups.

For AI agent development teams, Genesis Launch can help them quickly accumulate a broad user base during the project initiation phase. This diverse and decentralized holder structure not only enhances the project's market exposure and promotes the synergy of interests among various parties but also accelerates the market circulation of tokens, laying a solid foundation for the project's long-term development.

For ecosystem participants (Virgens), the contribution points-based access mechanism and fair distribution system provide them with the opportunity to participate early in high-quality AI agent projects. If the launch is successful, everyone can obtain agent token allocations at the same price based on their committed points and corresponding subscriptions for VIRTUAL tokens.

Additionally, Genesis Launch changes the opaque model of early project exposure by significantly enhancing the transparency and fairness of the project initiation process through quantifiable participation standards. At the same time, the mechanism of full refunds in case of launch failure and a single wallet cap also largely addresses the two major industry pain points of "early bird traps" and "whale monopolies."

How does Genesis Launch work?

Each token launch follows the process below:

AI agent initiates the token launch process: The initial agent creation requires a creation fee of 100 VIRTUAL tokens, which is non-refundable regardless of the launch outcome;
User commits points: Users have 24 hours to pledge points to participate in the presale;
The system dynamically estimates the distribution situation: The system calculates the estimated dynamic distribution based on the total points committed by all users. Meanwhile, users deposit the corresponding amount of VIRTUAL to lock in their distribution quota. The more points committed, the higher the maximum distribution quota.
Quota locking: The final distribution is determined based on the total points committed at the end of the 24-hour window.
Launch results: If the total number of subscribed VIRTUAL tokens is less than 42,425 VIRTUAL, it is considered a launch failure, and all committed points and subscribed VIRTUAL tokens will be fully refunded. If the total number of subscribed VIRTUAL tokens exceeds 42,425 VIRTUAL, it is considered a successful launch, and any VIRTUAL and points exceeding the distribution quota will be fully refunded. The refund process is automatically executed by a smart contract.
Token claiming: After a successful launch, users will claim the allocated tokens through the user interface.

Core Mechanism of Genesis Launch

Points Acquisition System: Incentivizing Value Contribution

As mentioned earlier, Genesis distributes agent tokens through points (Genesis Points), which are based on users' contributions to the ecosystem. This mechanism ensures that agent tokens flow to genuine participants rather than short-term speculators.

In early April, Virtuals launched the Virgen points system, which distributes points in real-time to participants actively supporting the Virtuals ecosystem. Notably, the points have a validity period of 30 days to incentivize users to remain active and ensure the sustainability of ecosystem development.

Users can acquire points through the following means:

Investing in prototype agents (Prototype Agents, tokens that have not graduated) and sentient agents (Sentient Agents, successfully graduated tokens that raised 42,425 VIRTUAL);
Holding VIRTUAL;
Staking VADER (5% of points will be distributed daily to VADER stakers).

Dynamic Distribution Mechanism

Genesis employs a dynamic distribution strategy, where users' estimated distribution quotas are adjusted in real-time based on changes in other participants' committed points. However, before the 24-hour participation window closes, users can add points and subscription amounts at any time, allowing for flexible investment strategy adjustments.

It is worth noting that participants' committed points can compete for 37.5% of the total token supply in the presale, with a maximum distribution cap of 0.5% of the total token supply for a single user, effectively avoiding excessive token concentration.

Standardized Token Economics

All AI agent projects launched through the Genesis mechanism adhere to a unified token distribution framework:

Public sale: 37.5% of the total token supply;
Liquidity pool: 12.5%;
Developers, treasury, marketing (Dev/Treasury/Marketing): 50%.

Conclusion

The Genesis launch mechanism of Virtuals Protocol, with its contribution-oriented distribution model and dynamic adjustment strategy, provides a more transparent and efficient launch platform for AI agent projects and participants within its ecosystem. It not only significantly reduces the risk of market manipulation but also drives the sustainable and healthy development of the Virtuals ecosystem.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。