Development of Meme Coins on Virtual Platforms: Opportunities and Challenges

Recently, the meme coin projects on the Virtual platform have attracted widespread attention. Although there have been some unreliable projects on the platform, public offerings of meme coins are not common. However, this situation has changed recently.

A well-known AI intelligent agent project has directly issued the meme coin VIRGEN on the platform. What makes this project special is that it is a clearly identified meme coin publicly issued by a renowned team. Although positioned as a meme coin, its issuance mechanism demonstrates a friendly attitude towards the community: in addition to the presale and liquidity, it also provides airdrops for staking users in the ecosystem and some holders of classic meme coins.

Another feature of VIRGEN is the absence of a lock-up period, which means participants can sell for a profit immediately after listing. Despite concerns that this could lead to a price crash, the opposite has occurred, with the token price continuously rising. The team also conducted additional airdrops for presale participants who did not sell and used profits to buy back tokens, establishing a unique image.

Subsequently, another meme coin project called NOTHING emerged. It is not only a meme coin but also designed with a direct use: by "permanently" locking tokens, allowing stakers to continuously earn points for participating in the platform's sales. NOTHING has also successfully launched and conducted two additional airdrops.

The success of these two projects may be attributed to their generous mechanism design and the sincerity of the team. However, this successful model is difficult to replicate, and excellent teams are also rare.

Permissionless launch platforms may attract a mix of quality projects, potentially disrupting the ecosystem's atmosphere. Direct restrictions through rules may lead to excessive control, stifling the platform's vitality. The ideal solution is to allow market mechanisms to naturally eliminate poor-quality projects, forming a unique culture and atmosphere.

In fact, after these two successful cases, some uninspired meme coin projects did emerge. However, the market responded positively; the first one, although successfully launched, saw its price drop rapidly, while several subsequent projects were neglected by the market.

This market response is reassuring and demonstrates the judgment of the participants. I hope this healthy ecosystem atmosphere can be sustained, allowing the platform to form a unique competitive advantage and clearly distinguish itself from other similar platforms.