📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
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📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
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Decentralization launch platform meme coin project rises, VIRGEN and NOTHING lead new trends.
Recently, some noteworthy developments have emerged on a highly followed Decentralization issuance platform. This platform has always had various projects issuing on it, among which are some that seem rather unreliable. However, it is not common for projects to directly issue meme coins, and even when they do, they often give a somewhat unorthodox impression.
This situation has changed recently. A well-known AI agent on the platform has started the direct issuance of a meme coin called VIRGEN. What makes this project special is that it is a clearly issued meme coin by a well-known team.
Although VIRGEN belongs to the category of meme coins, its issuance mechanism demonstrates a friendly attitude towards the community. In addition to some tokens allocated for presale and liquidity, a significant proportion is also set aside for airdrops to staked users within the ecosystem and holders of some classic meme coins.
It is worth noting that this token has no lock-up period. This means that if the issuance is successful, there may be a high premium after the token is launched, and users who participated in the pre-sale can immediately sell for profit. This feature has raised concerns among some users about the token potentially plummeting rapidly after its launch.
Despite various speculations and concerns, a considerable number of users participated in the issuance and ultimately achieved success. Surprisingly, after the token went live, there was no expected crash; instead, it continued to rise.
The follow-up actions of the project team are even more noteworthy. In addition to conducting airdrops as planned, they also provided additional airdrops to users who participated in the presale and did not sell their tokens, while continuously using the profits gained to buy back coins. These initiatives have enabled VIRGEN to quickly establish a unique position in the ecosystem, becoming a veritable first meme coin.
After VIRGEN, another meme coin project named NOTHING has emerged. This project is not just a simple meme coin; its team has also given it a direct purpose: to "permanently" lock the tokens, allowing stakers to continuously earn points for participating in the platform's issuance. NOTHING has also successfully completed its issuance and conducted two additional airdrops, exceeding people's expectations.
The reason these two meme coin projects can successfully issue in the current environment is partly due to their generous practices in terms of mechanisms, and partly because the behavior of the teams behind them is significantly different from most meme coin projects that focus primarily on profit.
However, this successful model is difficult to replicate, and such teams are also rare. Therefore, these two successful cases may attract a mixed bag of projects to enter the platform, potentially affecting the overall atmosphere of the ecosystem.
To maintain the healthy development of the platform, the best solution is to continue allowing various projects (including those of uneven quality) to issue without permission, but to naturally eliminate inferior projects through market mechanisms. This approach can help the platform form a unique cultural atmosphere and build a strong competitive barrier.
The key to achieving this goal lies in attracting high-quality participants who can consciously resist bad projects through their actions. In fact, after VIRGEN and NOTHING, several meme coin projects that lack creativity and are purely shells have indeed emerged. Although the first one had a successful issuance, its price plummeted after going live; the subsequent ones were directly ignored by the market.
This market response is reassuring, and it is hoped that this positive atmosphere and mechanism can continue, allowing the platform to form a unique ecosystem that is distinctly different from other similar platforms.