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The rise of Genesis platform meme coin VIRGEN and NOTHING leads a new trend.
Since the launch of the Genesis platform, although the projects released on it are of varying quality, projects that directly issue meme coins are not common, and even when they do exist, they are usually not well-regarded.
However, this phenomenon has recently been broken. A well-known AI Agent publicly issued the meme coin VIRGEN on the platform, marking the first meme coin project explicitly launched by a reputable team.
Despite being positioned as a meme coin, VIRGEN's issuance mechanism demonstrates a friendly attitude towards the community. In addition to the pre-sale and liquidity allocation, it also provides airdrops for stakers within the ecosystem and certain holders of classic meme coins.
Another feature of VIRGEN is that there is no lock-up period, which means that if the issuance is successful, participants can profit immediately after the listing. This has raised some users' concerns about the potential crash of the token.
However, unexpectedly, after VIRGEN went live, it not only did not plummet but instead continued to rise. The team also conducted additional airdrops for loyal presale participants and used profits to buy back tokens. This series of operations quickly made VIRGEN the top meme coin in the ecosystem.
Following closely, another meme coin called NOTHING has also attracted attention. It is not just a simple meme coin; it offers a unique feature: by permanently locking tokens, holders can continuously earn points for participating in platform issuance. NOTHING has also successfully launched and conducted two additional airdrops.
The success of these two meme coin projects is, on one hand, due to their generous mechanism design, and on the other hand, it is attributed to the sincere efforts of the team behind them, which stands in stark contrast to most purely profit-driven meme coin projects.
However, this successful model is difficult to replicate, and excellent teams are not common. Therefore, the platform faces the challenge of how to avoid the influx of low-quality projects that could disrupt the ecological atmosphere. Direct intervention may stifle the platform's vitality, and the best solution is to allow market mechanisms to naturally eliminate low-quality projects.
To establish such a positive mechanism, the key lies in attracting high-quality participants who can consciously resist bad projects. It has been proven that after VIRGEN and NOTHING, some uninspired meme coin projects, despite attempts at issuance, have mostly been met with market indifference.
This trend is encouraging, and I hope this atmosphere can persist, allowing the platform to form a unique ecosystem that clearly distinguishes it from other similar platforms.