VIRTUAL Token Upgrades to veVIRTUAL Staking for Enhanced Genesis Launchpad Rewards

Virtuals has introduced a vote-escrowed staking mechanism for its native VIRTUAL token, shifting from passive holding incentives to a dynamic veVIRTUAL model. The new system allocates 20% of Virgen Point emissions to veVIRTUAL holders, replacing the previous token ownership-based distribution.

This update establishes veVIRTUAL as the foundation for reward distribution, airdrop eligibility, and future governance participation in the Virtuals ecosystem. Genesis Airdrops, linked to the platform’s launchpad for new tokens, are now exclusively available to veVIRTUAL stakers.

The Genesis launchpad includes a 24-hour presale window where participants can exchange Virgen Points and VIRTUAL tokens for a share of 37.5% of new token supplies, with a 0.5% cap per user. This MOVE highlights Virtuals’ focus on incentivizing long-term engagement through structured reward systems.