🎤 Cheer for Your Idol · Gate Takes You Straight to Token of Love! 🎶
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HyunA / SUECO / DJ KAKA / CLICK#15 — Who are you most excited to see? Let’s cheer together!
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🎵 The song you want to he
Virtuals initiates large-scale repurchase and updates the value-empowering mechanism. What does the community think?
Virtuals, a well-known on-chain AI agent platform, announced on the 16th that it will use the 12,990,427.85 $VIRTUAL tokens accumulated through post-bonding transaction income to repurchase and burn related agent tokens based on time-weighted average price (TWAP) in the ecosystem within the next 30 days, promoting a big pump of related tokens. The repurchase quantity of tokens such as GAME, CANVO, and AIXBT ranked high and rose by more than 20%. At the same time, Virtuals updated its value accumulation mechanism, including: post-bonding tax allocation: 30% is allocated to agent creators, 20% is allocated to agent affiliates, and 50% belongs to agent subDAO for future governance decision-making funds; creator reward payout method: rewards will be directly sent to the wallet of the agent deployer. Agent affiliate mechanism: revenue sharing will be implemented with various trading platforms or interfaces (such as Telegram Bot) and Virtuals ecosystem, and the platform will receive 20% of the post-bonding tax revenue generated by promoting exchange as an agent affiliate to encourage its community and subsequent project planning. The article analyzes the impact of the repurchase and burn on different types of tokens and the community's views on the updated repurchase and distribution model. The dumping pressure caused by the repurchase was questioned, but some believed it would not bring direct dumping pressure.