A translation @felixincrypto’s tweet “ Why Virtuals Can Lead the New Paradigm of Asset Issuance The current market suggests that $Libra has finally squeezed out the last drops of short-term liquidity onchain. While the conspiracy-driven meme frenzy has come to an end, the new paradigm of on-chain asset issuance it introduced is only just beginning. 1. What Were We Really Hyped About During the Meme Craze? Was it cultural memes? Not really. Gems like Doge and Pepe are rare and irreplicable. Nowadays, the term “meme” extends far beyond animals and reaction images—it encompasses anything outside mainstream and VC-backed tokens. The formula has become simple: just pick an angle, deploy a contract address, and pump anything. Was it the absence of products or teams? Not exactly. Many AI Agent projects with doxxed teams were still categorized as memes. Was it about being free from VC influence? Also not true. Many projects, even meme coins like Bonk and Toshi, had VC involvement through OTC deals that granted VCs and KOLs access to low-priced tokens. Was it about not having pre-allocated tokens? Again, no. Sniping bots were already in place, but no one could be sure which wallets were controlled allocations. If ideal entries weren’t possible, teams simply abandoned projects and started new ones. So, what were we actually hyped about? It was “fair launches”—the potential of buying dirt-cheap tokens and seeing them 100x. Behind this was a new paradigm of asset issuance. The fundamental demand in crypto has always been wealth creation. 2. How Is Virtuals Shaping This New Asset Issuance Paradigm? http://Pump.fun was revolutionary. By integrating bonding curves with initial liquidity provisioning (LP), it introduced a superior on-chain asset issuance model, addressing many ICO-era problems. However, Virtuals is taking a distinct path from meme-based launches. We want to make high-quality assets more accessible while acknowledging that both great products and strong tokens require meticulous, long-term effort. To achieve this, we are focusing on three key dimensions: 1. Making the Launch Mechanism More Favorable for Serious Teams Building great projects requires funding. Fundraising and VC involvement are not inherently bad. Many people unfamiliar with Virtuals may not realize that tokens launched on our platform can have reserved allocations—and this isn’t seen as a drawback. On the contrary, the community often welcomes it, as it signals that the team is committed to building and incentivizing long-term growth. Projects that choose to reserve tokens typically have transparent incentive structures, which increases market trust and acceptance. Additionally, our Virtuals Angel initiative brings together top-tier VCs to provide funding when needed. A strong team prioritizes community interests, and we are actively exploring ways to productize airdrop mechanisms while continuously testing new approaches to enhance interactions between teams and communities. Although new IDO platforms have emerged recently, we believe that bonding curve-based models will continue to evolve. While PvP token trading can be intense, it remains one of the most efficient price discovery mechanisms. Strong teams understand how to leverage FOMO dynamics to bootstrap and cultivate early communities, leading to more stable price trajectories once projects prove their market viability. … (see next tweet to continue)