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Bankless
@bankless
Two weeks ago, @virtualsprotocol.eth launched Genesis — a new token launch system aiming to reward contributors, not speculators. Genesis replaces the usual bonding curve model with a "proof of contribution" points system. Since its debut, most tokens launched through it have 2x’d or more, fueling demand for Virgen Points and showing there’s still room for creativity in token design. ~~ Analysis by @robinson ~~ Core Features: A New Coordination Mechanism Each Genesis launch starts with a 24-hour presale where anyone can join by pledging their earned Virgen Points and $VIRTUAL simultaneously to earn part of the 37.5% of token supply reserved for the presale. You commit or “spend” Virgen Points to determine your allocation size (how many tokens you can get), while you spend $VIRTUAL to cover the cost of those tokens. Here’s how Genesis works, and how to get involved.👇 https://www.bankless.com/read/genesis-virtuals-token-launcher
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