Tracy
Tracy|Jun 22, 2025 06:02
How long can Virtuals continue to be popular?Looking back now, the two core issues mentioned at that time - point inflation and unsustainable returns - were both validated within just one month. one ️⃣ Integral inflation: harming real long-term users Originally, it was said that "Diamond Hand" was a user who pledged VIRTUAL for two years, and it is still established today. They provided the maximum capital accumulation, but only received less than 20% of the points reward. And a large number of short-term arbitrage accounts continuously use high-frequency circulation to obtain a large number of points - and then smash the market. Points have become a tool for extracting liquidity, rather than a tool for rewarding long-term investors. two ️⃣ Unsustainable returns, star projects plummet 83% in 10 days It has become a consensus among everyone that the new project will be launched and poured immediately. Firstly, the star project @ UndercoverIRIS, jointly created by ETH and Virtuals, has been launched for 10 days, with a price drop of 83.5%. At the same time, the lack of a basic review mechanism makes it easy for the "air project" to cash out, What remains are high point entry users and continuously diluted system trust. three ️⃣ Competitive @ CreatorBid optimization mechanism BID has made key modifications in imitating the mechanism of Genesis, giving a 50% time weighted reward to long-term staking users in the staking of platform currency BID, and giving the core value to long-term staking users. Now VIRTUAL has fallen back to 1.4, and the market is starting to vote with its feet. Do you still have high hopes for it? Welcome to the discussion
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