Virtuals' new mechanism has been revamped and updated. My understanding is that the team has finally let go of their obsession with "fairness", and the new mechanism has greater ambitions and is more able to attract high-quality projects The two most important points of the redesign are: One is project layering. The old mechanism was a one size fits all approach, where both good and bad students aimed to score 60 points in the exam. The new mechanism sets different funding thresholds: 21000 VIRTUAL 42000 VIRTUAL 100000 VIRTUAL This layered design may seem like a differentiation in funding thresholds, but in reality it is a market-oriented screening of project quality. Let poor students make it to the bottom and good students make it to 90 points. The second is the deconstruction of chips. The old chip deconstruction is: 35% new, 15% additional pool The new chip deconstruction is: 7% new, 6% added to the pool (85% tokens in the hands of the project party) Keeping 85% of the tokens in the hands of the project not only brings control over the market, but more importantly, the initiative for long-term development: Market value management: can release liquidity according to the pace of project development Ecological incentives: sufficient chips for user incentives, partner rewards, etc Strategic Reserve: Reserve chips for important milestones such as subsequent financing and exchange listing Of course, transparency management must be done well, otherwise there is a possibility of wrongdoing by the project party. Overall, the new mechanism has unlocked some of the shackles that were once imposed on the project team, allowing for more long-term thinking. The first project after the redesign was @ pokpok_io, which easily reached the threshold of 100000 VIRTUAL. It is evident that the community has high expectations for CTDA. I won't go into too much detail about the project, only a few details that I obtained from participating in Space last night. Firstly, the original release date of CTDA was advanced, not by the team's intention, but by Virtuals, indicating that Virtuals has great confidence in CTDA. Secondly, the AI vault will be open to the public for 2-6 weeks and is currently undergoing internal testing. The key to whether CTDA can meet expectations lies in whether the team truly understands the responsibility boundaries under this new model. Having coins in hand is indeed easy to do things, but what to do and how to do it are the key to determining the success or failure of a project.