Seeing everyone's discussions about Virtual these days, I, as an old investor who hasn't made money, would like to share my perspective on what $Virtual looks like, especially with a simple sharing of the gameplay of Genesis Launches.

A month ago, I invested $10,000 to see how to earn money. Now I basically understand the entire mechanism of new projects. To summarize in one sentence: it’s really a game where you play without a word!

Others are talking about how many times they’ve earned, while I calculated and found I was losing. Later, I realized this game can only let more people in for you to possibly break even. This naturally leads to two behaviors: one is that newcomers shout about how much they earned but don’t talk about the gameplay, waiting for you to join; the other is to play silently, waiting to break even and release their stake.

Through $Virtual, I really found that there are too few KOLs who speak the truth; they are all driven by their biases!

1. First of all, congratulations to those who made money. I hear you all saying how many times you’ve earned from the new project, but very few people talk about how those multiples came about and how much investment capital is involved. I think if there is no position, the multiples earned seem to be something that just makes others anxious. Moreover, recently, $Virtual has collaborated with Kaito to do that point system for new projects, and I see a bunch of people shouting about multiples. The fact is that most are trapped, and then they just wait to break even. Once they break even, it’s really hard to earn more.

2. Regarding the mechanism of Genesis Launches, this is the most important part of virtuals_io. The mechanism is as follows:

Stake, still stake! You need to stake $Virtual or $Vader to earn points and use those points to participate in IDOs on Genesis Launches. The points you earn from staking are the foundation for your participation in IDOs; without points, you have no qualification. Points + 566 (at most; it can be below this number).

$Virtual is the highest standard. After participating in a new project, your quota will be allocated based on the overall situation of new projects across the network. Once the quota is allocated, you can use $Virtual to purchase; the allocated quota will be deducted from your invested $Virtual. When the time is up, you can claim your points, but the remaining $Virtual will be returned to your wallet address, while the points will be completely consumed.

Here is a key point: The more points you have, the more quota you will have to participate in IDOs. This point is the soul of the entire mechanism, and everyone will strive to have more points.

Currently, there are two ways to earn points: one is to stake $Virtual and $Vader, and the other is to maximize points through Kaito, which is also a very criticized aspect, regardless of whether the project is good or bad; KOLs hype it up just to get the points you want.

3. Regarding the staking mechanism of $Virtual and $Vader: The longer the staking period, the more points you accumulate. From staking for 1 week to 52 weeks, once you stake, you cannot retrieve it until the time is up. Many people stake for a very long period to earn more points, which exposes them to the risk of price decline. In fact, all staked coins face this issue; once the staking period is extended, the losses from price declines and the time to break even become uncertain. If the staking period is very long and there is no hedging, it is basically just working for nothing + losses, because the costs of participating in IDO are really just paper wealth.

4. Regarding IDO projects, this is something many people do not mention. Every step is cleverly designed. Almost all IDO projects on the platform have a lock-up period. If you sell the coins you received right after the new project, you might sell them at a high price, but the cost is a 10-day cooling-off period, meaning that if you sell the coins during the lock-up period, you won’t receive any staking points for those 10 days!!! This is a key point! Ten days is an eternity for a meme. Many people should fall into this trap because our first reaction is to sell the coins quickly to break even. However, the platform allows you to sell, but after selling, you won’t have any points for 10 days, and you will completely lose the opportunity to participate in new projects!

5. If you are seeing this, look back at the previous steps; doesn’t it seem familiar, lacking originality? The logic of staking + points for new projects has repeated itself, reminding me of the $turt back in the day.

6. As project quality and the post-IDO pump effect increase, all the initiative is no longer in your hands while your coins are still staked; most projects are split pools, and selecting gold from a pile of trash really requires a lot of time + luck.

7. Currently, the entire model of $VIRTUAL has basically become a game for big players. The more cheap early chips you have, the more points you earn, and the more quota you have to participate in the IDO. Only big players have advantages. If you are a retail investor entering now, forget it; you have no advantage at all. If you really believe in it, you might as well buy some $Virtual and $Vader at the bottom.

8. I participated in $Virtual a month ago to clarify the gameplay of Genesis Launches. The $Virtual I bought at 2-2.4u is now at 1.6u, while the $Vader I bought has doubled, with no points after the 10-day cooling-off period.

I am just here to share and output, but I haven't participated deeply, so I may not have grasped the essence yet. I hope the experts can guide me more!