Yesterday I wrote a bit about my bio, and someone asked me if I have started looking at others too? Yes, I have started looking at others too, after all, it is worth observing a Genesis Launch V1 that is almost the same. The profit effect of Genesis Launch V1 is part of it; the logic behind it is also part of it, even if it is not perfect.
But I still have the most confidence in @Virtuals Protocol $VIRTUAL . Although I listened again today to @starzqeth's podcast about V on Day1Global (I need to clarify to @starzqeth that I am not bringing this up to argue; I agree with the logic at that time), I know web3 is fast, but the current development seems different?
1️⃣ Small projects are harder to launch now.
The original intention of Genesis Launch is to solve the problem of rapid financing for small teams, eliminating the need to pitch to investors every day. They can build a community while launching financing, and the daily transaction fees can also support the team for daily operations.
However, the Genesis Launch V2 has completely changed this model. The difficulty for small teams and projects to launch at @virtuals_io has increased. If it were V1, I believe Rogen, which inevitably would have launched successfully, did not launch yesterday, and this trend will become more evident in the future. Because successful launches require greater community support, their cost to obtain tokens is several times higher than before, making it easy to lose money right after launch, and the losses after the project team rugs will be even greater.
Previously mentioned, the current mechanism means that aside from large team tier 3 launches, even supporting small teams can only be done at the last moment; otherwise, your investment in a tier 1 project could fomo into tier 2 or tier 3, which is very unfriendly for virgen investors.
Another part relates to the public sale ratio.
2️⃣ Change in the public sale ratio.
I noticed that back in June, @everythingempt0's post mentioned why the public sale ratio was set at 37.5% for V1, specific details can be found in the screenshot and link below.
x.com/everythingempt…
In fact, the performance of coins like Predi, Room, and Facy in V1 has already proven that the public sale ratio of V1 is a very good value discovery method for continuously building teams. However, I don't understand why it has changed to this now.
You can even see criticism regarding the 10% public sale ratio in the post; I just don't get it.
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Although, I still remain optimistic about @virtuals_io
-Having the strongest community that continuously builds; if you look at the bid rankings, they are all virtual KOLs... not to mention countless virgins.
-ACP&GAME, @virtuals_io is not just a launch platform; it also empowers developers.
-@virtual team, their strong operational ability and resilience need no further mention. Experiencing two declines of 90% in token price and still being able to rise again is not something an average team can achieve.
...
Everyone can list their own examples; I won't list them all here. I still believe in the narrative that web3 improves financing efficiency and I still believe @virtuals_io can do well.
Let's do this together
🧢Caps stay on
