The virtuals IPO craze continues: Genesis point system new rules implemented and overview of popular projects.

Original | Odaily Daily Report (@OdailyChina)

Author | Asher（**@Asher_ 0210 ）

Recently, as altcoins have entered an adjustment period, the heat in the AI Agent sector has also noticeably cooled down, with multiple projects experiencing a simultaneous drop in both popularity and token prices. However, against this backdrop, Virtuals' own IPO platform, Genesis, has shown an upward momentum, not only maintaining stable user activity but also achieving impressive IPO returns for some projects, sparking continuous interest from the community.

Next, Odaily will provide a comprehensive analysis of the key points of the latest adjustment to the Genesis points mechanism and review the current popular projects within the Genesis platform.

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

Genesis is a fair Launchpad platform created by Virtuals specifically for AI Agent tokens, where users can gain priority allocation of these new tokens by holding VIRTUAL tokens and earning points. (For more details, please refer to the article: Virtuals is heating up: Is the "Pump.fun" moment for the AI Agent sector coming?)

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

In order to reward steadfast holders of VIRTUAL ecological tokens and maintain the vitality of the points economy, the Virtuals official has recently launched two important mechanism updates—users' held points are now more valuable:

• Diamond Hand Bonus (now available for claiming): As long as users continuously hold Genesis ecosystem project tokens, additional point rewards will be unlocked every 24 hours. The bonus points must be claimed manually, and the longer the tokens are held, the more points will be obtained;
• The validity period of points has been shortened to 14 days: Previously, in order to help early users adapt to the system, the validity period of points was extended to 30 days. It will now revert to the original plan, whereby all points held by users will expire within 14 days of acquisition, in order to enhance circulation efficiency, increase overall participation, and build 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 stated yesterday that they have initiated the optimization and correction process for the Genesis points system to address some violations that have been discovered recently.

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

Virtuals New Investment Platform Genesis Hot Projects Overview

RWAI: Latest new project, the oversubscription amount is only lower than the first project on the entire platform h011yw00d

Project Introduction:

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

• Research Module: Automatically scrape industry data from channels such as CryptoRank, X, and Telegram using AI to analyze and score emerging projects;
• Recommendation Module: Based on the analysis results, provide improvement suggestions to the project party to help optimize the product and position the market before the launch.
• Launch Module: Assisting institutions in efficiently onboarding RWA assets onto the blockchain, completing the tokenization issuance process.

For RWAI, this round of new offerings attracted more than 2,500 users, with a total investment of over 420,000 VIRTUAL tokens, and the final subscription oversubscription ratio 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 point refunds. Currently, all related issues have been resolved, and users can now normally receive their tokens.

Price Performance:

According to data from the Virtuals platform, the opening market value of RWAI yesterday peaked at 8 million USD, and it is currently around 2.8 million USD.

h011yw00d: The first project on all platforms, over-subscribed by 21 times.

Project Introduction:

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

Price Performance:

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

BasisOS: The only project across all platforms with a market value 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 through different StarGate.io on various EVM-compatible L2 networks, and then shorts on the Hyperliquid platform to earn funding rate income through neutral strategies. 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 cap of BIOS reached a peak of 20 million USD, currently hovering around 13 million USD.

Summary

Judging from the secondary market performance of the successful launch projects of the Genesis platform, the "wealth creation effect" of the new market is still in the stage of incomplete release. Although a number of projects have successfully achieved several times overfundraising, except for the BIOS market capitalization that remains above $10 million, the market value of most projects is only more than $1 million, and even the market value of most projects is only a few hundred thousand dollars, and there has not yet been a phenomenal "golden dog".

Currently, the entire Genesis platform is still in its early stages of development. Therefore, on one hand, one can closely monitor the significant developments of the popular projects mentioned above, looking for opportunities for "secondary entry" to leverage market fluctuations for greater returns; on the other hand, one can accumulate points at a relatively low cost to prepare for participating in future new projects and strive to seize opportunities in the future.