[Rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English]
- After the successful Genesis Launch, go to the Agent page to receive the purchased tokens.
- If the launch fails, all points and $VIRTUAL will be fully refunded.
In summary, Virtuals Protocol is creating a smaller-scale, more loyal LaunchPad, somewhat similar to the recent token launch activity on Binance Wallet, essentially hoping that users will participate more in the ecosystem. If one continues to be optimistic about Virtual's system, there are three ways to participate:
- Directly long $VIRTUAL tokens
- Directly long $VADER tokens
- Participate in the activity
The first two options are straightforward, and both $VIRTUAL & $VADER have shown surprising gains recently, benefiting the most from the activity. To participate, one must first accumulate points, which can be done by holding $VIRTUAL tokens in the wallet. If concerned about potential $VIRTUAL price drops, one can short the same number of $VIRTUAL tokens on a centralized exchange. The advantage is ensuring participation in the activity without being consumed by potential price declines, and the activity is designed not to lose money, only potentially yielding less than expected. The drawback is that additional capital is needed for shorting, which will significantly reduce overall fund utilization.
Conclusion
Overall, Pump Fun, LetsBonk, and Virtuals Protocol each have their advantages and concerns: Pump Fun solidifies traffic entry through aggressive selling and high-profit models, but is questioned due to frequent "cashing out" and negative events; LetsBonk shows goodwill to the ecosystem through deep community engagement and low-fee profit sharing, but the attention on platform and secondary tokens is dispersed, and long-term participation remains to be seen; Virtuals Protocol's point mechanism and AI Agent layout for new tracks are innovative, but have yet to demonstrate stable issuance energy, and user enthusiasm remains to be observed.
Looking ahead, the next wave of LaunchPad tracks hinges on "value realization" and "community resilience": Can platforms design mechanisms that balance short-term enthusiasm and long-term ecosystem building? Can project parties continuously provide real utility, rather than relying on grand narratives? After hot money recedes, which model is more sustainable will be a key market test. For researchers and participants, beyond tracking platform traffic and token price fluctuations, one should deeply examine the core risks and future upgrade potential of each mechanism to find the truly worthwhile long-term bet amidst the hundred schools of thought.
