The insights behind the success of the Genesis platform meme coin VIRGEN and NOTHING

In the world of virtual assets, a new phenomenon is emerging. With the launch of the Genesis Launches platform, we are witnessing some unusual project issuances. Although the platform is not short of seemingly unreliable projects, direct issuance of meme coins is not common; even if there are, they are usually not regarded as high-quality projects.

However, this pattern has been recently broken. A well-known AI Agent Vader has publicly issued a meme coin called VIRGEN on the platform. What makes this project unique is that it is a clearly identified meme coin issued publicly by a highly recognized team.

Although VIRGEN is classified as a meme coin, its issuance mechanism demonstrates a friendly attitude towards the community. In addition to the pre-sale and liquidity allocation, a considerable portion of the tokens is used for airdrops to staked users within the ecosystem and some holders of classic meme coins.

It is worth noting that this token has no lock-up period. This means that if the issuance is successful, participants can profit immediately after the token goes live, which has been the ideal situation for many investors for a long time.

Despite concerns that this could lead to a rapid decline in the token price after its listing, it has proven that these worries are unnecessary. The token not only did not plummet but instead continued to rise.

The subsequent actions of the project team are even more noteworthy. They not only fulfilled the airdrop promised during the pre-sale but also conducted additional airdrops for users who participated in the pre-sale and did not sell. More importantly, the team continuously used the profits gained to repurchase tokens. This series of actions quickly established VIRGEN's position as the number one meme coin in the ecosystem.

Following closely, another meme coin project called NOTHING has also attracted attention. This project is not just a simple meme coin; it also has practical uses: by permanently locking tokens, it allows stakers to continuously earn points for participating in platform offerings. The issuance of NOTHING has also been successful, even exceeding market expectations.

The success of these two meme coin projects stands out particularly in the current environment of meme coin proliferation. Their success can be attributed to two main factors: first, they exhibit a certain generosity in their mechanism design; second, the behavior of the teams behind them is distinctly different from most meme coin projects that merely pursue profit.

However, this successful model is not easy to replicate, and it is also difficult to find similar high-quality teams. Therefore, these two successful cases may attract a batch of mixed-quality projects, potentially disrupting the overall atmosphere of the ecosystem.

To prevent the platform from becoming just another investment venue, the most direct method is to impose additional constraint mechanisms to limit low-quality projects. However, this approach may lead to over-regulation and ultimately stifle the platform's vitality.

A more ideal solution is to maintain the openness of the platform, allowing the market mechanism to naturally eliminate inferior projects. This approach can cultivate a unique cultural atmosphere, becoming the core competitiveness of the platform. However, to achieve this goal, the key lies in attracting a group of high-quality participants who can consciously resist bad projects through their actions.

It has been proven that the market does indeed show this self-regulating ability. After VIRGEN and NOTHING, several uninspired meme coin projects attempted to issue on the platform, but were quickly neglected by the market. The first one had a successful sale, but the price plummeted rapidly after listing; the subsequent projects were simply ignored by the market.

This trend is encouraging, indicating that market participants are developing a discernment ability and self-discipline mechanism. It is hoped that this positive atmosphere can continue, allowing the platform to develop into an ecosystem that is entirely different from a purely speculative platform.