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Genesis platform welcomes a new wave: VIRGEN and NOTHING lead the new trend of meme coins.
Recently, some eye-catching new projects have appeared on the Genesis Launches platform. Although there have been some seemingly unreliable projects on the platform, cases of directly issuing meme coins are rare, and even when they do occur, they are often not very formal.
However, this situation has recently changed. A well-known AI Agent has started to publicly issue its own meme coin VIRGEN on the platform. The uniqueness of this project lies in the fact that it is a transparent meme coin issued by a renowned team.
Although positioned as a meme coin, VIRGEN demonstrates a friendly attitude towards the community in its issuance mechanism. In addition to the presale and liquidity portions, the project team has also allocated a considerable proportion for airdrops to ecological staking users and certain holders of classic meme coins.
It is worth noting that this token has no lock-up period. This means that if the issuance is successful, participants can immediately sell for profit after it goes live, which has been the long-standing expectation of many investors.
Despite various speculations and concerns, many users still participated in the issuance, and the issuance was a success. Surprisingly, after the token went live, there was no significant drop; instead, it continued to rise.
In addition to fulfilling the promised airdrop, the project team also conducted additional airdrops for pre-sale participants who did not sell their tokens and continued to use the profits gained to buy back tokens. This series of actions quickly made VIRGEN the top meme coin in the ecosystem.
Following closely, another meme coin named NOTHING emerged. This project is not just a simple meme coin; it also provides a clear purpose: by permanently locking the tokens, it allows stakers to continuously earn points for participating in the platform's issuance. NOTHING also successfully launched and conducted two additional airdrops, exceeding expectations.
The reason these two meme coins can succeed in the current environment is partly due to the generous measures they have adopted in their mechanisms, and partly because the actions of the teams behind them are significantly different from most meme coin projects that focus primarily on profit.
However, this successful model is difficult to replicate, and such teams are also rare. Therefore, some projects of varying quality may imitate these success cases, potentially affecting the ecological atmosphere.
To prevent the platform from becoming just another investment venue, the best solution is to continue allowing projects to issue freely, but let market mechanisms naturally eliminate inferior projects. This requires a group of high-quality participants who can spontaneously resist bad projects through their actions.
It has been proven that the market indeed shows this trend. After VIRGEN and NOTHING, several uncreative meme coin projects attempted issuance but either plummeted in price after going live or were directly ignored by the market.
This market response is reassuring. I hope this healthy ecological atmosphere can be sustained, allowing the platform to form a unique and high-quality project incubation environment.