Development of Virtual Platform's Meme Coin: Opportunities and Challenges

Recently, several eye-catching meme coin projects have emerged on the Virtual platform, breaking the traditional development model. Among them, the VIRGEN meme coin created by a well-known AI Agent is particularly noteworthy. This project was publicly issued by a highly recognized team, showcasing a friendly attitude towards the community.

The issuance mechanism of VIRGEN is quite distinctive. In addition to pre-sales and liquidity distribution, it also provides airdrops for stakers within the ecosystem and some holders of classic meme coins. It is worth mentioning that this token has no lock-up period, meaning participants can profit immediately after it goes live.

Despite concerns about a crash, VIRGEN has continued to rise after its launch. The team not only delivered on the promised airdrop but also provided additional rewards to loyal presale participants, and continued to buy back tokens. These initiatives have quickly made VIRGEN the most representative meme coin on the platform.

Following closely, another meme coin named NOTHING has also attracted attention. It not only has meme attributes but also offers a unique feature: by permanently locking tokens, users can continuously earn points for participating in the platform's sales. The successful issuance of NOTHING and the additional airdrop exceeded market expectations.

The success of these two projects is, on one hand, due to their generous mechanism design, and on the other hand, thanks to the integrity of the team behind them. However, such a successful model is difficult to replicate, and excellent teams are not easy to find.

With the emergence of these successful cases, the platform faces the risk of attracting projects of mixed quality. How to avoid becoming another “pump.fun” has become a key issue. Directly restricting through rules may stifle the vitality of the platform, while the best solution seems to be to let market mechanisms naturally eliminate inferior projects.

It has been proven that the market has indeed begun to function. Several uninspired meme coin projects that were subsequently issued either experienced a crash or were neglected by the market. This trend brings hope for the healthy development of the platform.

In the future, the key to the Virtual platform lies in whether it can continuously cultivate a high-quality group of participants, creating an atmosphere of conscious resistance against poor-quality projects. If this goal can be achieved, Virtual is expected to establish a unique culture and strong competitive barriers, truly distinguishing itself from other similar platforms.