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tldr: Make Virgen Points Valuable Again
yes on first glance we are reducing the allocation to the virgens from 37.5% to 7%, a 5x reduction but since our genesis launch 4 months ago we have learnt one important thing:
we are ready to compete with the best web2 / web3 AI VCs and accelerator
the only thing we need to change is the terms: giving more back to the team so they have more skin in the game to build long term
the key hypothesis is: if we reduce the allocation (and the float) by ~5x, can we attract teams with 5x higher quality and upside?
i hv strong confidence that we can
and vevirtual stakers default get 2% of all genesis launches now (on top of defense funds)
virgenity

Aug 18, 20:31
Welcome to New Genesis.
One step closer to opening AI’s best projects to everyone, on @base.
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