Odaily Planet Daily News: Virtuals announced on the X platform that the Launchpad platform will launch the new UNICORN mechanism. Key details include:
- Project creators receive a one-time fee of 100 VIRTUAL tokens, there is a minimum 24-hour evaluation window between page creation and public trading, and an anti-sniping tax is levied at the opening (initial rate of 99%);
- Launch token distribution: 50% of the total token supply is allocated to the creators, 25% is distributed linearly through a limited price sale (starting only when the project reaches $2 million in FDV and continuing until $160 million), and the remaining 25% will be unlocked linearly over six months one year after the TGE, or when the project reaches $160 million in FDV;
- 5% of the total supply of the new project will be allocated to Virgens, of which 2% will be allocated to VIRTUAL token stakers and the remaining 3% will be allocated to Virtuals ecosystem participants.
In addition, before the new UNICORN mechanism goes live, the team will take a snapshot to record all existing points balances. Afterwards, the airdrop distribution will follow a three-week transition plan until the full migration to the new model is complete.
