VirgenPrice

(VIRGEN)

$VIRGEN is a tradable meme token operating on the Base network within the Virtuals Protocol ecosystem. In contrast, Virgen Points are non-tradable rewards or credits earned through ecosystem participation. While the token is for trading and holding, the points act as "tickets" that grant users the right to secure allocations in new AI agent "Genesis Launches."

The Virgen project was launched by Vader Research as a cultural experiment and represents the first meme coin within the Virtuals Protocol. It is an official component of the Virtuals Protocol ecosystem. While the project is legitimate, users should be aware of the specific ecosystem mechanics, such as the 14-day lock-up periods for staked tokens and the strategic focus on long-term participation.

The $VIRGEN token has a fixed total supply of 1,000,000,000 (1 billion) tokens, with the entire supply currently in circulation. It operates on the Base network with the official contract address: 0xbf8566956b4e2D8BEB90c4c19dbb8c67A9290C36. For trading, users can access $VIRGEN through the Base network on platforms like LBank and other compatible decentralized exchange services.

There are four primary methods to accumulate Virgen Points: staking $VIRTUAL to receive veVIRTUAL, staking specific AI agent tokens, participating in social engagement by posting quality content about the protocol, and engaging in trading activities within specific agent pools. Additionally, users must manually claim their points every 24 hours through the "Daily Active Bonus" (DAB) feature on the project dashboard to ensure their balance increases.

When a new AI agent enters its "Genesis Launch" phase, users can "pledge" their accumulated Virgen Points to secure a purchase allocation. A higher number of pledged points allows for a larger allocation of the new token, which is then purchased using $VIRTUAL tokens. It is important to note that points may have expiration dates if they are not used for pledges, which encourages active and consistent participation in new launches.

Yes, the protocol implements a 14-day cooldown period for unstaking tokens to maintain ecosystem stability. Once a user initiates the unstaking process, they must wait two weeks before the tokens become liquid, and they stop earning points during this interval. Furthermore, the protocol tracks "Diamond Hand" status; selling tokens from a Genesis Launch within a specific timeframe (often 30 days) can result in penalties to future point-earning multipliers.