Original | Odaily Planet Daily (@OdailyChina)
As Bitcoin prices recover, market sentiment is gradually warming up, and some popular altcoin sectors are also strengthening. Among them, the AI Agent track stands out, with the Virtuals ecosystem becoming the focus of recent community discussions. According to GMGN market data, as of now, the VIRTUAL token has seen a weekly increase of nearly 90%, and several tokens within its ecosystem have also experienced significant gains: AIXBT currently has a market cap of about $130 million, with a weekly increase of 44.4%; GAME has a market cap of $50 million, with a weekly increase of 140.9%; VADER reports a market cap of $34 million, with a staggering weekly increase of 200.1%; and LUNA's market cap has reached $21 million, with a weekly increase of 91.2%.
At this moment, the official Virtuals platform has launched a new fundraising mechanism called Genesis Launch, sparking discussions in the market about whether the "wealth creation effect" of new token launches is being replayed. Is this round of ecosystem-wide gains driven by the influx of funds from the platform's new gameplay, or is it a short-term emotional release during a technical rebound?
What is Genesis Launch?
Genesis Launch is a fair launchpad platform specifically designed for AI Agent tokens by the Virtuals Protocol. Users can gain priority allocation of these new tokens by holding VIRTUAL tokens and earning points.
Genesis Launch is raising a fixed amount of 112,000 VIRTUAL tokens, and all Virgens users can participate in the early subscription equally by staking Virgen Points. The allocation amount will be determined after a 24-hour points auction period ends; if the fundraising target is not met, the tokens will not be issued, and all VIRTUAL and points will be fully refunded.
Compared to issuance models like Pump.fun that emphasize speed, Genesis Launch introduces an access mechanism that focuses more on users' early participation and contributions, which is expected to enhance the fairness and controllability of the launch process to some extent.
Points Rule Analysis
How to Earn Points
Virtuals distributes a certain total number of points daily, according to different allocation ratios, to incentivize contributions to the ecosystem, and the points system is dynamically updated every day.
Points Distribution Situation
Currently, according to official information, there are three ways to earn points for participating in the Genesis Launch project:
- Invest in other AI Agents within the Virtuals ecosystem to earn points. There are currently two main categories: Sentient (emotion-based AI Agents) and Prototype (prototype AI Agents), with the highest market cap of Prototype projects being only $290,000. 75.01% of the platform's daily points will be allocated to this group of users;
Virtuals Ecosystem's Sentient and Prototype AI Agents
Purchase and hold Virtuals tokens to earn points, 19.99% of the platform's daily points will be allocated to this group of users;
Purchase and stake VADER tokens to earn points. VADER is also a token of the AI Agent project Vader AI within the Virtuals ecosystem, and staking this token will earn points for participating in the new token launch, 5% of the platform's daily points will be allocated to this group of users.
How to Use Points for New Token Launch
In the Genesis Launch process, users need to stake both their points and VIRTUAL tokens to obtain a share of the new token project. The specific process is as follows:
Prepare VIRTUAL: To participate in the new token launch, you need to prepare a certain amount of VIRTUAL tokens;
Accumulate Virgen Points: Accumulate points (Virgen Points) through the aforementioned methods;
Participate in Subscription: After the new project presale starts, there is a 24-hour window to go to the official website and stake VIRTUAL and points together. The system will estimate how much VIRTUAL is needed;
Wait for Token Distribution: After the presale ends, the system will distribute the new tokens according to the points ratio, and any unused VIRTUAL and points will be refunded in full.
Points are the "core" of participating in the Genesis Launch new token launch. The more points you have, the higher the allocation ratio, but each person is limited to 0.5% of the total supply of the new token.
Overview of Genesis Launch New Token Projects
Nearly half of the projects successfully raised funds, with the first project oversubscribed by 21 times
According to official information, as of now, 19 projects have chosen to launch on the Genesis platform, with 8 projects successfully sold. The first new token project h011yw00d (HOLLY) was oversubscribed by 21 times. It is worth mentioning that although P.L.A.Y Game AI was oversubscribed by 5.6 times, this project attempted malicious operations during the Genesis Launch period, trying to profit from the situation, deceive users, and undermine trust. Therefore, it was permanently suspended from launch by the Virtuals officials, and a compensation plan has been initiated to compensate affected users.
Participation status of completed fundraising projects
The Genesis platform's new token launch has not seen a significant recognized "big winner," and the overall wealth creation effect is relatively weak, possibly still in the early stages. Among the 19 projects launched on the Genesis platform, only three projects have a market cap above one million dollars (BIOS market cap $5.9 million; HOLLY market cap $2.3 million; PILOT3 market cap $1.2 million), while the rest have market caps only in the hundreds of thousands, and there are also 11 projects that failed to raise funds.
Many more upcoming new token launch projects, quality needs to be judged by oneself
Currently, under the "Live & Upcoming" section of the Virtuals platform, users can view several upcoming or ongoing new token launch projects, including information on each project's current progress, number of participants, and the amount of VIRTUAL raised.
Overall, the Genesis Launch platform has not yet entered a significant FOMO stage, and there are certain differences in quality and popularity among some projects. Therefore, Odaily Planet Daily recommends that participants understand the basic information of the projects before deciding whether to participate, especially considering whether to take over in the secondary market.
Overview of upcoming new token launch projects
Conclusion
Compared to other popular framework-based AI Agent projects like auto.fun launched by ai16z and Swarms Launchpad launched by Swarms, the Genesis new token launch mechanism launched by Virtuals is clearly superior in market performance and community attention. With its unique points mechanism and relatively fair distribution model, Genesis Launch has taken the lead in the current AI Agent narrative, coupled with the strong performance of the VIRTUAL token itself, driving the entire ecosystem into an upward cycle.
However, based on the current completion rate of projects launched on the platform and their performance in the secondary market, the "wealth creation effect" of new token launches has not been fully released, and Genesis seems to be in an early cold start phase. Although several projects have achieved oversubscription, most have market caps at relatively low levels, and no phenomenal "big winner" has emerged. Whether Genesis can truly become the next "Pump.fun" in the AI Agent sector still depends on the birth of more blockbuster projects and the concentrated release of community sentiment.
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