Virtuals Genesis Launch: The "Third Path" of Token Issuance
The Virtuals Genesis Launch (hereinafter referred to as VGL) proposes a "third path" between high FDV venture coins and chaotic meme coins. It opposes the traditional VC-led tendency towards capital centralization and resists the financial nihilism represented by meme tokens, seeking a balance between capital efficiency, technological innovation, and community governance.
Dual Critique of Anti-VC and Anti-Financial Nihilism
Anti-VC
VGL challenges the capital logic of high FDV token models by issuing AI tokens with a fixed low FDV (112,000 $VIRTUAL, approximately $220,000).
High FDV is often accompanied by VCs locking in large amounts of tokens early, leading to limited circulating supply, increased risks of price manipulation, and marginalization of community participation. VGL's low FDV strategy aims to enhance community engagement and ownership through decentralized token distribution while reducing the distorting effects of capital concentration on project governance.
Anti-Financial Nihilism
In contrast to the speculative drive and value emptiness of meme coins, VGL focuses on "small but beautiful" AI-driven projects, emphasizing technological core and practical utility. VGL attempts to provide a theoretical framework for fundraising and community building for technology-driven projects in a market environment suffering from liquidity exhaustion.
Case Study: The Path Evolution of @BasisOS
The team behind BasisOS, Logarithm Labs, has been dedicated to DeFi protocol development since 2023, initially focusing on the LSDFi protocol for LP optimization, aiming to reduce impermanent loss and enhance returns through algorithmic design for Uniswap V3 LPs. However, constrained by market attention and funding support, the project stagnated in November 2024, and the team even paused X updates, with the last published content being a technical discussion on on-chain perpetual contract DEX.
In April 2025, Logarithm Labs announced the launch of the token $BIOS and completed financing and community restructuring through VGL's low FDV issuance mechanism. This process not only represents a breakthrough at the funding level; through VGL, BasisOS was able to:
Reconstruct community incentives
Refocus on technological value
Reshape market signals
In summary, the core of VGL lies in balancing the tension between capital efficiency, community governance, and technological innovation through a low FDV and technology-oriented selection mechanism, providing a transformative paradigm for technology projects from capital dependence to community empowerment.
However, its limitations are also worth noting: low FDV may restrict the project's long-term capital reserves, and the decentralized nature of community governance may face efficiency challenges due to rising coordination costs.
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。
