Recently, many new users have started participating in Virtual's staking and new project launches.
Among these new users, I have noticed a popular viewpoint:
Currently, Virtual is seen as a guaranteed profit model, and one can just follow along without thinking.
I find this idea quite speculative.
Indeed, most of the projects successfully launched on the Virtual platform in recent times have brought substantial profits to participants, and the more popular (especially those with strong team backgrounds) projects currently appear to offer higher returns.
The reason for this success is mainly related to Virtual's cleverly designed points mechanism. It restricts participants from selling their tokens after acquisition in various ways, thereby guiding token locking. This objectively reduces token circulation, making it easier to drive up prices.
The design of this mechanism clearly shows that the team aims to avoid drastic fluctuations in token prices that could impact their future development work. This is commendable.
Additionally, the AI Agent in the Virtual community, such as Vader, continuously holds various Twitter Spaces, inviting project teams to openly accept audience questions. This objectively increases project transparency, allowing participants to better evaluate the team and feel the project.
These combined factors have led to a steady upward trend in the prices of projects that have successfully launched.
However, the Virtual launch platform has been established for a very short time. The reason these projects can stabilize in the short term is that participants primarily focus on the project team and vision, without paying much attention to the actual implementation and revenue of the projects.
Implementation and revenue are ultimately the key factors that determine whether a project's token can stabilize. The market's ability to validate this is limited in time; I estimate that in as little as three months, or at most six months, projects will have to face market challenges.
Among the currently successful projects, some have iterated and progressed very quickly, gaining a good reputation among users, such as WINT. This project is similar to a dashboard, providing detailed data from the launch platform for users to reference when participating in new projects.
The reason for the high efficiency of this project's iteration is that it is anchored in the Virtual launch ecosystem, where the technical development difficulty is relatively limited, and there are existing experiences in the market to draw from.
However, I believe that the projects that can truly impress the market are those that can achieve implementation and revenue in entirely new fields. I look forward to seeing substantial progress from such projects in the coming months.
Therefore, the real test for the Virtual ecosystem is still ahead. Currently, this mechanism only temporarily gives these projects a chance to breathe, allowing them some time to accelerate development.
Moreover, among the currently successful projects, the vast majority are essentially focused on information acquisition, on-chain trading, and on-chain financial management, which, according to current trends, fall under InfoFi or DeFAI.
Both of these are popular tracks that have been booming since last year, and many teams are still rushing in. However, these projects are highly homogeneous, showing no significant differences. It remains to be seen whether any of these new projects can emerge as truly competitive.
If, in three months, some of the highly anticipated hot projects fail to deliver satisfactory progress to the market, the staking mechanism will no longer be effective, and participants will not care much about points but will instead think about cashing out quickly. At that point, if a large number of staked tokens are withdrawn and sold, a market crash will be inevitable.
Once the market crashes, projects with poor fundamentals will not be able to resurrect. Therefore, I will not blindly rush into these projects; I will remain very cautious. For projects that I do not understand or do not have a good outlook on, I will just observe. I will not blindly rush in just because they are popular or have a high success rate. I will only participate in the tracks and projects that I believe in and understand. Rather than participating in projects I do not believe in or understand, it is safer to hold onto Virtual.
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