The virtual IPO craze continues: Overview of Genesis points new regulations and popular projects.

Genesis hot projects have a relatively small market capitalization overall, which may present an opportunity for "entering a position" again.

Written by: Asher (@Asher_ 0210 )

Recently, as altcoins overall entered an adjustment period, the popularity of the AI Agent sector has also noticeably cooled down, with multiple projects experiencing a simultaneous decline in both popularity and token prices. However, against this backdrop, Virtuals' own new token launch platform, Genesis, has shown a trend of rising against the tide, with user activity remaining stable, and some projects achieving impressive new token launch returns, attracting continuous attention from the community.

Next, Odaily Planet Daily will provide a comprehensive analysis of the key points of the latest adjustment to the Genesis points mechanism and outline the currently popular projects on the Genesis platform.

Genesis Points System Update: New "Diamond Hands" Bonus + Points Validity Period Adjustment

Genesis is a fair launchpad platform created by Virtuals specifically for AI Agent tokens. Users can obtain priority allocation for these new tokens by holding VIRTUAL tokens and earning points. (For more details, please refer to the article: Virtuals' Initial Offerings Are Heating Up: Is the 'Pump.fun' Moment for the AI Agent Sector Coming?)

As the co-founder of Virtuals, empty, said in an interview, "If you contribute to the entire Virtuals ecosystem, such as participating early, providing support, or building, then you will have higher priority when purchasing quality tokens later on. In this way, we hope to allocate more resources to users who truly support the development of the ecosystem, rather than being dominated by those seeking short-term arbitrage."

In order to reward steadfast holders of VIRTUAL ecosystem tokens and maintain the vitality of the points economy, Virtuals officials have recently launched two important mechanism updates—points held by users are now more valuable.

Diamond hand bonus (now available for claim): As long as users continuously hold Genesis ecosystem project tokens, additional point rewards will be unlocked every 24 hours. The bonus point rewards need to be claimed manually, and the longer the tokens are held, the more points will be earned.

The validity period of points has been shortened to 14 days: Previously, to help early users adapt to the system, the validity period of points was extended to 30 days. It will now return to the original plan, and all points held by users will expire within 14 days of acquisition, in order to improve circulation efficiency, enhance overall participation, and create a healthier points ecosystem.

This update aims to encourage users to participate in the long term, maintain fair liquidity in the system, and lay a more solid foundation for the Genesis points economy. In addition, the team announced yesterday that they have initiated the optimization and correction process for the Genesis points system to address some violations discovered recently.

Finally, it is worth mentioning that Virtuals official emphasizes that Genesis points will never be tokenized.

Virtuals New Project Launch Platform Genesis Popular Projects Overview

RWAI: Latest new project, with oversubscription only lower than the platform's first project h011yw00d

Project Introduction:

RWAI is an innovative platform that combines AI with the demands of the cryptocurrency industry, dedicated to providing one-stop startup support tools for crypto entrepreneurs and institutions. The entire system is divided into three core modules:

• Research Module: Automatically gather industry data from channels like CryptoRank, X, Telegram using AI, analyze and score emerging projects;
• Suggestion Module: Based on the analysis results, provide improvement suggestions to the project party to help them optimize the product and position the market before launch;
• Launch Module: Assist institutions in efficiently bringing RWA assets on-chain and completing the tokenization issuance process.

For RWAI, this round of new token issuance attracted over 2,500 users to participate, with a total investment of over 420,000 VIRTUAL tokens, and the final subscription oversubscription rate reached over 1000%. Due to a surge of requests in a short period, the network load increased sharply, causing instability in the RPC nodes, which led to delays in token distribution and points refund. Currently, all related issues have been resolved, and users can now normally receive their tokens.

Price performance:

According to data from the Virtuals platform, RWAI reached a peak market capitalization of 8 million dollars at the opening yesterday, and is currently around 2.8 million dollars.

h011yw00d: The first project on the entire platform, over-subscribed by 21 times.

Project Introduction:

h011yw00d is the first project launched on VIRTUAL's self-built new platform Genesis. This project is driven by AI as its core force, aiming to collaborate with users to co-create content with a cinematic quality, exploring new boundaries in narrative and creation. Users are not just participants in the content but also co-directors and shapers. Through a decentralized architecture, the project has built an open digital creation platform, breaking down the barriers of traditional content production, making the boundaries between creators and audiences increasingly blurred.

Price performance:

According to data from the Virtuals platform, HOLLY's market capitalization peaked at 4 million USD, and is currently around 1.2 million USD.

BasisOS: The only project across all platforms with a market capitalization consistently above 10 million USD.

Project Introduction: BasisOS is a fully autonomous DeFAI protocol that hedges the risks of volatile assets through artificial intelligence optimization, achieving the highest capital efficiency available in the market. Specifically, BasisOS holds spot assets across different StarGate.io on various EVM-compatible L2 networks, then shorts on the Hyperliquid platform to earn funding rate income through a neutral strategy. In addition, the team has launched a content mining program, allocating 3% of the total token supply as rewards.

Price Performance:

According to data from the Virtuals platform, the market capitalization of BIOS peaked at 20 million USD, and is currently around 13 million USD.

Summary

From the performance of the secondary market of projects successfully launched on the current Genesis platform, the "wealth creation effect" of new offerings is still in a phase of incomplete release. Although several projects have successfully achieved multiple times of oversubscription, most projects have a market capitalization of only over one million dollars, with the exception of BIOS which maintains above 10 million dollars; in fact, most projects have a market capitalization of only tens of thousands of dollars, and no phenomenon-level "golden dog" has emerged.

Currently, the entire Genesis platform is still in the early stages of development. Therefore, on one hand, one can closely monitor the major developments of the popular projects mentioned above, looking for opportunities to "enter a position" again and take advantage of market fluctuations to gain more returns. On the other hand, one can accumulate points in a low-cost manner to prepare for participating in upcoming new projects, striving to seize the opportunity in the future.