Original author: KarenZ, Foresight News
As the popularity of AI agents fades, the industry is undergoing a reconstruction of a fair launch mechanism. On April 17, Virtuals Protocol launched a new launch mechanism, Genesis Launch, on Base, aiming to redefine the rules of the game for token distribution.
According to the official description, Genesis Launch is a protocol layer primitive built specifically for AI agent token distribution, which upgrades token launch to a proof system. Its three core features include: an access rights system based on contribution points, transparent and traceable distribution logic on the chain, and an automatic refund mechanism to protect the rights and interests of participants.
What is Genesis Launch?
As an innovative token distribution mechanism within the Virtuals Protocol ecosystem, Genesis Launch is committed to building a permissionless fair competition environment with the core concept of fairness, openness, and efficiency. Through point staking and dynamic allocation models, this mechanism not only ensures that early supporters can obtain a reasonable share of tokens, but also effectively curbs malicious sniping and small group manipulation on the chain.
For AI agent development teams, Genesis Launch can help them quickly accumulate a broad user base during the project launch phase. This diversified and dispersed holder structure can not only increase the market exposure of the project and promote the coordination of interests of all parties, but also accelerate the market circulation of tokens and lay a solid foundation for the long-term development of the project.
For ecosystem participants (Virgens), the access mechanism and fair distribution system based on contribution points give them the opportunity to participate in high-quality AI agent projects in advance. If the launch is successful, everyone can obtain agent token allocation at the same price in the early stage based on their commitment points and corresponding subscription VIRTUAL tokens.
In addition, Genesis Launch has changed the opaque model of early exposure of traditional projects, and has greatly improved the transparency and fairness of the project launch process through quantifiable participation standards. At the same time, the mechanism of full refund if the launch fails and the upper limit of a single wallet have also largely solved the two major industry pain points of early bird trap and monopoly of giant whales.
How does Genesis Launch work?
Each token launch follows the following process:
AI agent initiates token launch process: Initial agent creation requires payment of a creation fee of 100 VIRTUAL tokens, which is non-refundable regardless of the launch result;
User pledge points: Users have 24 hours to pledge points to participate in the pre-sale;
The system dynamically estimates the allocation: The system estimates the dynamic allocation based on the total points committed by all users. At the same time, users deposit the corresponding amount of VIRTUAL to lock the allocation. The more points committed, the higher the maximum allocation.
Credit lock: Final allocation is determined at the end of the 24-hour window based on the total credits pledged.
Launch results: If the total number of subscribed VIRTUAL is less than 42,425 VIRTUAL, the launch is considered a failure and all pledged points and subscribed VIRTUAL tokens will be refunded. If the total number of subscribed VIRTUAL is greater than 42,425 VIRTUAL, the launch is considered a success and any VIRTUAL and points in excess of the allocated amount will be refunded in full. The refund process is automatically executed by the smart contract.
Token Claim: After the launch is successful, users will claim the allocated tokens through the user interface.
Genesis Launch Core Mechanism
Points earning system: encouraging value contribution
As mentioned earlier, Genesis distributes proxy tokens through Genesis Points, which are based on the users contribution to the ecosystem. This mechanism ensures that proxy tokens flow to real participants rather than short-term speculators.
In early April, Virtuals launched the Virgen Points System, which distributes points in real time to participants who actively support the Virtuals ecosystem. It is worth noting that the points are valid for 30 days to encourage users to continue to be active and ensure the sustainability of the ecosystem development.
Users can earn points through the following ways:
Invest in Prototype Agents (ungraduated tokens) and Sentient Agents (successfully graduated tokens that raised 42,425 VIRTUAL tokens) tokens launched through Virtuals;
Hold VIRTUAL;
Stake VADER (5% of points per day will be distributed to VADER stakers).
Dynamic allocation mechanism
Genesis adopts a dynamic allocation strategy, and the users estimated allocation amount will be adjusted in real time as the committed points of other participants change. However, before the 24-hour participation window closes, users can add points and subscription amounts at any time to flexibly adjust their investment strategies.
It is worth noting that participants’ pledged points can compete for a pre-sale share of 37.5% of the total token supply, and the maximum allocation limit for a single user is 0.5% of the total token supply. This design effectively avoids excessive concentration of tokens.
Standardized Token Economics
All AI agent projects launched through the Genesis mechanism follow a unified token distribution framework:
Public sale: 37.5% of the total token supply;
Liquidity pool: 12.5%;
Developers, Treasury, Marketing (Dev/Treasury/Marketing): 50%.
summary
The Genesis launch mechanism of Virtuals Protocol, with its contribution-oriented allocation model and dynamic adjustment strategy, has built a more transparent and efficient launch platform for AI agent projects and participants in its ecosystem, which can not only significantly reduce the risk of market manipulation, but also drive the sustainable and healthy development of the Virtuals ecosystem.
