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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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