Virtuals Protocol has launched an upgrade to its Genesis mechanism, introducing three new staking thresholds: 21,000, 42,000, and 100,000 VIRTUAL tokens. These updates are designed to promote a more balanced ecosystem by adjusting token supply allocation and potentially driving long-term participation.
The core team behind the Virtuals Protocol has implemented these new thresholds in an effort to increase engagement and reduce speculation. This shift results in adjustments to the community share (7%), liquidity pool (6%) and veVIRTUAL holders’ share (2%). The circulating supply of VIRTUAL tokens remains at 15%. Communication channels are being used to emphasize collective decision-making and long-term commitment.