The update on the new mechanism for Virtuals is my understanding: the team has finally let go of their obsession with "fairness," and the new mechanism is more ambitious, better able to attract quality projects.

The two most important points of the revision are:

First, project stratification.

The old mechanism was a one-size-fits-all approach, where both good and bad students aimed to score 60 points.

The new mechanism sets different fundraising thresholds:

21000 $VIRTUAL

42000 $VIRTUAL

100000 $VIRTUAL

This stratification design, on the surface, appears to be a differentiation of fundraising thresholds, but in reality, it serves as a market-based screening of project quality. It allows underperformers to aim for the minimum, while high achievers strive for 90 points.

Second, chip deconstruction.

The old chip deconstruction was: 35% for new projects, 15% for liquidity pools.

The new chip deconstruction is: 7% for new projects, 6% for liquidity pools (85% of tokens remain with the project party).

Keeping 85% of the tokens with the project party not only provides control over the market but, more importantly, grants them the initiative for long-term development:

Market value management: liquidity can be released according to the project's development pace.

Ecosystem incentives: sufficient chips for user incentives, partner rewards, etc.

Strategic reserves: keeping chips for future financing, exchange listings, and other important milestones.

Of course, transparency management must be done well; otherwise, there is a possibility of project parties engaging in misconduct. Overall, the new mechanism has lifted some of the shackles that were previously placed on project parties, allowing for more long-term thinking.

The first project after the revision is @pokpok_io, which easily reached the 100000 $VIRTUAL threshold. It is evident that the community has high expectations for $CTDA.

I won't go into too much detail about the project, but there are a few details I gathered from the space I attended last night.

First, the original date for $CTDA's new project was moved up, which was not the team's intention but rather Virtuals' decision, indicating that Virtuals has a lot of confidence in $CTDA.

Second, the AI treasury will be open to the public in 2-6 weeks, and it is currently still in internal testing.

Whether $CTDA can meet expectations hinges on whether the team truly understands the boundaries of responsibility under this new model. Having tokens certainly makes it easier to get things done, but what to do and how to do it are the key factors that determine the project's success or failure.

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