Genesis meme coin VIRGEN and NOTHING unexpectedly rose to fame, prompting ecological reflections.

Recently, some eye-catching project issuances have emerged on the Genesis Launches platform. Although there are plenty of seemingly unreliable projects on the platform, cases of directly issuing meme coins are rare, and even when they do occur, they are usually not well-regarded.

However, this situation has recently changed. A well-known AI Agent has started the public issuance of its created meme coin VIRGEN on the platform. What makes this project special is that it is a well-known meme coin issued publicly by a reputable team.

Although it is a meme coin, VIRGEN has demonstrated a friendly attitude towards the community in its issuance mechanism. In addition to a portion used for presale and liquidity, a considerable proportion is also allocated for ecological staking users and some classic meme coin holders for airdrops. It is worth noting that this token has no lock-up period, meaning that after a successful launch, participants can freely trade and profit at the very first moment of its listing.

This mechanism has triggered market concerns about a potential crash. However, the reality was unexpected. After the token was launched, it not only did not crash but continued to rise. The team also conducted additional airdrops for users who participated in the presale and did not sell, and continued to buy back coins with the profits obtained. This series of operations quickly made VIRGEN the top meme coin in the ecosystem.

Following closely, another meme coin named NOTHING has also attracted attention. This project not only has meme properties but also designed a unique use: to "permanently" lock the tokens, allowing stakers to continuously earn points for participating in the platform's issuance. NOTHING also successfully launched and conducted two additional airdrops, exceeding market expectations.

The success of these two meme coins in the current environment is due, on one hand, to their generous mechanism design, and on the other hand, to the operational methods of the team behind them, which are distinctly different from those of ordinary meme coin projects.

However, this successful model is difficult to replicate, and excellent teams are also rare. Therefore, these two successful cases may attract a batch of mixed-quality projects, potentially undermining the ecological atmosphere.

To avoid the platform becoming another speculative paradise, the best solution is to maintain the permissionless nature of project issuance while relying on market mechanisms to eliminate subpar projects. This requires the conscious action of high-quality participants to collectively create a favorable ecological environment.

It has been proven that the market does have such self-purifying ability. After these two successful cases, several uninspired meme coin projects emerged one after another. The first one, although successfully issued, saw its price plummet rapidly after going online. The subsequent projects were even more directly met with market indifference.

This trend is reassuring, and I hope that such an atmosphere and mechanism can continue, allowing the platform to form a unique and healthy ecosystem.