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Genesis: How to Use Virtuals' New Token Launcher

Virtuals’ Genesis has seen its early token launches soar, spotlighting fresh token-launch design possibilities ahead.
Genesis: How to Use Virtuals' New Token Launcher
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Two weeks ago, crypto agents powerhouse Virtuals released their new token launch mechanism, Genesis, to much success.

Heralded as a fair, transparent, and permissionless improvement to the standard bonding curve model used previously, Genesis operates through a "proof of contribution" points system, seeking to reward genuine ecosystem contributors over traders and speculators.

Since the rollout, the price of most tokens issued on Genesis have returned multiples, contributing to the fervor around accruing Virtuals "Virgen Points" and showcasing, in the process, that we still have plenty of design space to explore around token launches.

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David Christopher

Written by David Christopher

430 Articles View all      

David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.

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