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Virtuals Protocol's New Genesis Update: Making Virgen Points Valuable Again in AI Meme Tokens

Virtuals Protocol's New Genesis Update: Making Virgen Points Valuable Again in AI Meme Tokens

In the fast-paced world of blockchain and AI, Virtuals Protocol is shaking things up with their "New Genesis" announcement. If you're into meme tokens with a tech twist, this update could be a game-changer. Posted by core contributor @everythingempt0 on X, the thread dives into revamping their Genesis launchpad to make Virgen Points more valuable and attract top-tier projects.

Let's break it down simply. Virtuals Protocol is a platform built on the Base chain, focused on creating a society of AI agents. These agents are like autonomous bots that can do tasks on the blockchain, and many have a memetic flair—think Pepe-inspired characters or fun, viral concepts that blend AI with meme culture. Their Genesis launchpad is where new AI agent projects launch their tokens, often with a community-driven presale using Virgen Points.

Virgen Points are essentially reward points earned by staking $VIRTUAL tokens or participating in the ecosystem. They give holders access to pre-token generation event (TGE) allocations in these launches, letting early supporters get in cheap before the public market.

The big news? They're slashing the token allocation for Virgens from 37.5% to just 7%—a 5x reduction. At first glance, that sounds rough for point holders, but the reasoning is solid. After four months since Genesis went live, the team realized they can compete with elite Web2 and Web3 AI VCs and accelerators. By giving more tokens back to the project teams, they incentivize builders to stick around long-term with more "skin in the game."

The core bet here: Can reducing the allocation (and the initial float) by about 5x draw in teams with 5x better quality and upside? The contributor is bullish, saying they have strong confidence. Plus, veVIRTUAL stakers (those who lock their tokens for voting escrow) now get a default 2% of all Genesis launches, on top of defense funds. This adds a nice perk for loyal holders.

To add some meme magic, the announcement quotes a post from @virtuals_io featuring a video that's pure crypto culture. It shows an animated Pepe the Frog sneaking into an office, stealing confidential docs, and declaring, "We're giving all of it back to the people." It's a nod to decentralizing AI power, fitting perfectly with meme token vibes where community ownership reigns supreme.

Diving deeper into community reactions, one reply from @goon_crypto highlights a new tiered system for Genesis raises, which they called for months ago. Here's the scoop:

  • Tier 1: Pledge 21k $VIRTUAL for a 300k pledge FDV (fully diluted valuation), opening at 350k market FDV.
  • Tier 2: 42k $VIRTUAL for 600k pledge FDV, 700k market FDV.
  • Tier 3: 100k $VIRTUAL for 1.42M pledge FDV, 1.67M market FDV.

This dynamic expansion means raises can scale based on demand. For participants, you're buying 7% at the cheaper pledge FDV, with the market starting at 6% supply but higher valuation—creating an instant edge for those with early conviction. Allocations scale with pledged points, capped at 566 $VIRTUAL per wallet to keep it fair. Oversubscription? Refunds handle it smoothly.

For teams launching AI agents (which often tap into meme trends for virality), higher tiers mean more upfront capital and stronger liquidity pools from day one. This alignment could lead to more sustainable projects, reducing the dump-and-run scenarios common in meme token launches.

If you're farming Virgen Points, check out guides like The Ultimate Guide to Earn on Virtuals or the official whitepaper on Genesis Points FAQ. Past launches have seen massive oversubscription, like one with 1,700% interest and 1.29B points pledged, showing the hype around AI-meme crossovers.

This update positions Virtuals Protocol as a serious player in the AI agent space, blending meme appeal with real utility. As meme tokens evolve beyond jokes into functional assets, moves like this could spark the next wave of AI-driven virality on Base. Keep an eye on upcoming launches—Season 3 is here, and it might just make Virgen Points valuable again.

For the full thread, head over to the original post on X. What's your take? Will this attract blockbuster AI meme projects?

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