Virtuals IPOs are hot: Is the “Pump.fun” moment coming for the AI Agent sector?

オリジナル | Odaily Planet Daily ( ＠OdailyChina )

著者 | アッシャー ( アッシャー )

As the price of Bitcoin rebounded, market sentiment gradually warmed up, and some popular altcoin sectors also strengthened. Among them, the AI Agent track performed particularly well, and the Virtuals ecosystem has become the focus of community discussion recently. According to GMGN market data, as of now, the weekly increase of VIRTUAL tokens is close to 90%、および many tokens in its ecosystem have also seen good growth : AIXBTs current market value is about 130 million US dollars, with a weekly increase of 44.4%; GAMEs market value is 50 million US dollars, with a weekly increase の 140.9%; VADER reported 34 million US dollars, with a weekly increase of 200.1%; LUNAs market value reached 21 million US dollars, with a weekly increase of 91.2%.

On this occasion, the official Virtuals platform launched a new IPO mechanism, Genesis Launch, which triggered a discussion in the market about whether the IPO wealth creation effect is repeating itself. Is this round of ecosystem surge driven by capital inflows driven by the platforms new gameplay, or is it a short-term emotional release in a technical rebound?

What is Genesis Launch?

Genesis Launch is a fair launchpad platform created by Virtuals Protocol specifically for AI Agent tokens. Users can obtain priority distribution rights for these new tokens by holding VIRTUAL tokens and earning points.

Genesis Launch raises a fixed amount of 112,000 VIRTUAL tokens. All Virgens users can participate equally in early subscription by staking Virgen Points. The allocation amount will be determined after the 24-hour points auction period. If the fundraising target is not reached, its tokens will not be issued and all VIRTUAL and points will be fully refunded.

Compared with the issuance model of Pump.fun and other platforms that emphasize speed-driven purchases, Genesis Launch introduces an access mechanism that pays more attention to the users early participation and contribution, which is expected to improve the fairness and controllability of the launch process to a certain extent.

Analysis of the points rules

How to earn points

Virtuals will allocate a certain total number of points every day according to different distribution ratios to incentivize their contribution to the ecosystem, and the points system is dynamically updated every day.

Points distribution

Currently, according to official information, there are three ways to participate in the Genesis Launch project:

• Invest in other AI Agents in the Virtuals ecosystem to earn points. There are currently two categories: Sentient (emotional AI Agent) and Prototype (prototype AI Agent). The highest market value of Prototype projects is only $290,000. 75.01% of the platforms daily points will be allocated to this group of users .

Virtuals Ecosystem Sentient and Prototype AI Agents

• Buy and hold Virtuals tokens to earn points, and 19.99% of the platforms daily points will be allocated to these users ;

• Purchase and stake VADER tokens to earn points. VADER is also the token of Vader AI, an AI Agent project in the Virtuals ecosystem. Staking VADER tokens will earn points to participate in new listings. 5% of the platforms daily points will be allocated to these users .

How to use points to buy new shares

During the Genesis Launch process, you need to pledge both user points and VIRTUAL tokens to obtain a share of the new project tokens. The specific process is as follows:

• Prepare VIRTUAL: If you want to participate in the new issuance, you must first prepare a certain amount of VIRTUAL tokens;

• Save Virgen Points: You can save points (Virgen Points) through the methods mentioned above;

• Participate in the subscription: After the pre-sale of a new project begins, you have 24 hours to go to the official website and use VIRTUAL and points as collateral to participate. The system will estimate how much VIRTUAL is needed;

• Waiting for coin distribution: After the pre-sale ends, the system will distribute new tokens according to the points ratio, and the unused VIRTUAL and points will be returned.

Points are the core of participating in Genesis Launch. The more points you have, the higher the allocation ratio, but the upper limit for each person is 0.5% of the total supply of new tokens.

Genesis Launch New Project List

Nearly half of the projects successfully raised funds, and the first project exceeded the fundraising by 21 times

According to official information, 19 projects have chosen to launch on the Genesis platform, 8 of which have been successfully launched, and the first new project h011yw00d (HOLLY) has oversubscribed by 21 times. It is worth mentioning that although PLAY Game AI has oversubscribed by 5.6 times, the project attempted to conduct malicious operations during the Genesis Launch, attempting to take advantage of the situation to make profits, deceive users, and undermine trust. Therefore, it was permanently suspended by Virtuals officials, and a compensation plan was launched immediately to compensate affected users.

Participation in completed fundraising projects

The Genesis platform did not produce any obvious big golden dogs in the new listings, and the overall wealth-creating effect was weak, or it was still in the early stages. Among the 19 projects launched on the Genesis platform, only three projects had a market value of more than one million US dollars (BIOS had a market value of 5.9 million US dollars; HOLLY had a market value of 2.3 million US dollars; PILOT3 had a market value of 1.2 million US dollars), and the rest had a market value of only a few hundred thousand US dollars. In addition, 11 projects failed to raise funds.

There are still many new projects waiting to be launched, and the quality needs to be judged by yourself

Currently, under the Live Upcoming column of the Virtuals platform, users can view multiple new projects that are about to be launched or are in progress, including information such as the current progress of each project, the number of participants, and the amount of VIRTUAL raised.

From the overall situation, the Genesis Launch platform has not yet entered the obvious FOMO stage, and some projects have certain differences in quality and popularity. Therefore, Odaily Planet Daily recommends that participants understand the basic information of the project before deciding whether to participate, especially considering whether to take over at the secondary level.

List of new projects to be launched

まとめ

Compared with other popular framework AI Agent projects such as auto.fun launched by ai16z and Swarms Launchpad launched by Swarms, the Genesis new issuance mechanism launched by Virtuals is obviously superior in terms of 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, and the strong performance of the VIRTUAL token itself has driven the entire ecosystem into an upward cycle.

However, judging from the completion rate of projects launched on the current platform and the performance of the secondary market, the wealth-creating effect of new listings has not yet been fully released, and Genesis is more like an early cold start-up stage. Although many projects have achieved over-subscription, most of the market capitalizations are at a low level, and no phenomenal golden dogs have yet appeared. As for whether Genesis can truly become the next Pump.fun in the AI Agent sector, it still requires the birth of more popular projects and the concentrated release of community sentiment.

This article is sourced from the internet: Virtuals IPOs are hot: Is the “Pump.fun” moment coming for the AI Agent sector?

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