Can @ virtualis_io's new Genesis save the ecology As we all know, I am the one who builds groups at the highest point, I am the one who is trapped at the highest point, I am the one who keeps buying the bottom all the way, I believe in the story, and I am the one who rebounds but doesn't run away. ---------- 🎗️ What is Genesis? When it comes to Genesis, we have to talk to @ otherempt0 a few months ago about what @ virtualis_io should do next, and then he told me to do something fair. This is Genesis, which emerged. 🎗️ So let's take a look at how Genesis is fair? Genesis is a protocol level token allocation primitive that determines participants' token acquisition rights through "usage, liquidity, and coordination". Its goal is to eliminate issues such as market manipulation, early snipers, or monopoly by large players through a contribution based allocation logic. 🎗️ What are the characteristics of Genesis? 1. Admission based on points; 2. Dynamic allocation model; 3. Refund guarantee; 4. Fairness and transparency; 🎗️ What are the goals and significance of Genesis? For the AI agent team: the chip allocation is relatively good, and the project party cannot obtain absolute control over the market, and individual investors cannot obtain a lot, becoming a true "equal wealth and prosperity"; For ecological participants (Viruses): Users gain early opportunities to participate in top AI agent projects through contributions, and are allocated based on points rather than funding. As long as the points are sufficient, they can do big things with small money; For ecosystems: the role of positive or negative spirals forms a closed loop, where Viruses continue to make money and points continue to be valuable. More and more people are starting to earn points, forming a positive spiral, while the opposite is not valuable. Everyone sells, forming a negative spiral; (Point will be mentioned later) ------------ 🍭 What are Genesis Points? Genesis Points are points in the Virtuals Protocol ecosystem used to redeem pre-sale eligibility for new AI projects on Genesis Launchpad. 🍭 What is the use of Points? The function of points is to prevent token issuance from being manipulated by whales and ensure that retail investors have a fair opportunity to participate. Equivalent to an entry threshold, consumption is participated in using points instead of 💰。 🍭 How to obtain Genesis Points: Create content; Participate in community activities; Holding VIRTUAL tokens or pledging tokens; Buy AI agents for the ecosystem; 🍭 Precautions for Genesis Points: Validity period: This point has a validity period of 30 days and can be used immediately, which enhances user activity; Purpose: This point can only participate in the allocation of Genesis' launch pad and has no other purpose; Black Box: Transferring or selling VIRTUAL will lower points, while participating in Genesis launchpad and then selling will lower points; (These are all test results, I don't know if everyone is the same) ---------- 💕 Advantages and disadvantages of Genesis 💕 advantage: 1. Fair distribution and sniper mode; Established a single player limit and prevented situations of sniping at the opening; 2. High participation and community incentives; The points are valid for 30 days and will expire if you do not participate. The source of the points also needs to participate in the activity to ensure that at least hard work is required to obtain points; 3. Ecological transparency and trust; Everything is done on the chain, openly and transparently, without any hidden operations; 4. The chips are sufficient for decentralization; The project team will not be able to open a RUG, at least not to the point where their chips reach this level; 💕 Disadvantages: The complexity of obtaining points leads to a high threshold for participation; Currently known, the requirement is for daily activities, which is moving towards a daily flow of transactions, and the participation threshold is higher than before when money was directly paid; 2. The project party's control and funding are not centralized; The recent projects all exist, if the project management is not centralized, they can be opened and closed immediately; 3. Contradictions in centralized auditing; Sometimes there is a trade-off between decentralization and centralization, for example, yesterday's project, if you want to ruin it, just call it a halt; 💕 The impact caused: 1. Perhaps participating in Genesis is indeed a good enough project; 2. Maybe everyone came in to brush points; 3. Everyone is dedicated to completing daily tasks and consuming points; wait. ------------ ​ 💖 Can Genesis help save Virtuals This is actually a good question, because it's a matter of whether it's a small horse pulling a big car or a big car pulling a small horse. After all, Genesis' plate is much smaller than Virtuals', so it can only be said that increasing participation is too difficult to save or pull Virtuals. It can only be said that Genesis helps the Virtuals ecosystem. ​ 💖 The actual conversion rate of the point incentive mechanism: If Genesis launches a project and the "wealth creation effect" continues to occur, then someone will keep arranging points, and the continuous flow of points will lead to a "positive cycle" between virtual and vapor; ​ 💖 Return of external liquidity: As is well known, the last wave of decline was due to a shortage of liquidity, which drained the liquidity of the entire industry. When liquidity returns, Virtual itself will absorb enough liquidity, driving Genesis and the entire ecosystem's project flywheel to start; So ultimately, it all depends on whether we can 'fly the wheel', after all, it still depends on money. People with ideals are not sad, while those without money are truly sad. We are all striving to live. Write to the end Always working and finding the right direction, sometimes we can't blame the project team, it can only be said that the market situation is not satisfactory. Listen to the wind and wait for the flowers to bloom. 虚拟