Virtuals Protocol (VIRTUAL) Tokenomics
Virtuals Protocol (VIRTUAL) Information
Virtuals Protocol is dedicated to powering games with democratic AI. Think of Virtual as a library of Gaming AIs and a marketplace that connects AI contributors (the supply side) with game developers (the demand side).
Virtuals Protocol (VIRTUAL) Tokenomics & Price Analysis
Explore key tokenomics and price data for Virtuals Protocol (VIRTUAL), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.
In-Depth Token Structure of Virtuals Protocol (VIRTUAL)
Dive deeper into how VIRTUAL tokens are issued, allocated, and unlocked. This section highlights key aspects of the token's economic structure: utility, incentives, and vesting.
Overview
Virtuals Protocol is an AI agent creation and co-ownership platform operating on Ethereum and Base, powered by the VIRTUAL token (ERC-20). The tokenomics are designed to support a decentralized ecosystem for launching, trading, and governing AI agents, with mechanisms for issuance, allocation, usage, incentives, locking, and unlocking.
1. Issuance Mechanism
- Token Standard & Supply: VIRTUAL is an ERC-20 token with a maximum supply of 1 billion tokens, deployed on Ethereum and bridged to Base.
- Initial Distribution: The token was distributed via airdrop to eligible PATH token holders (1:1 ratio) during the migration from PathDAO to Virtuals Protocol on December 23, 2023. Trading was paused for 24 hours during the airdrop.
- Minting: The token contract includes a "mint" function, confirming the ability to issue new tokens as needed for protocol operations.
2. Allocation Mechanism
Token Allocation Table
| Allocation Recipient | Amount (VIRTUAL) | % of Max Supply | Unlock Start | Unlock End |
|---|---|---|---|---|
| Public Distribution | 600,000,000 | 60% | 2023-12-24 | 2023-12-24 |
| Ecosystem Treasury | 350,000,000 | 35% | 2033-12-24 | 2033-12-24 |
| Liquidity | 50,000,000 | 5% | 2023-12-24 | 2023-12-24 |
- Public Distribution: Includes airdrop and exchange listings.
- Ecosystem Treasury: Earmarked for community incentives, with a maximum emission of 10% per year for the next 3 years.
- Liquidity: Provided for exchange and platform liquidity needs.
3. Usage and Incentive Mechanism
- Payments: VIRTUAL is the exclusive currency for purchasing agent tokens, launching new agents, and accessing services on the Virtuals platform.
- Agent Launch (Initial Agent Offering, IAO):
- Creators lock a specified amount of VIRTUAL to launch a new AI agent.
- Locked VIRTUAL is used to create a bonding curve and liquidity pool for the agent’s token (e.g., $SWIFT).
- Once the bonding curve cap is reached (~$610,500 market cap), a liquidity pool is created on Uniswap, paired with VIRTUAL.
- All agent tokens are added to the pool, ensuring a fair launch with no pre-mine or insider allocation.
- Marketplace: Users can trade, rent, or invest in AI agents using VIRTUAL.
- Governance: VIRTUAL holders receive veVIRTUAL (1:1, non-tradable) for governance participation. No locking or escrow is required for veVIRTUAL, but delegation is necessary to vote.
- Future Incentives: Plans for staking and validator rewards via subDAO governance, funded by protocol emissions, trading fees (1% tax), and payments for AI agent interactions.
4. Locking Mechanism
- Agent Launch Locking: When launching a new agent, the creator locks VIRTUAL tokens to establish the agent’s liquidity pool. This pool is locked for 10 years, ensuring long-term commitment and stability.
- Liquidity Pool Ownership: The agent creator owns the locked liquidity pool, with validation power for agent upgrades initially delegated to a bot.
- veVIRTUAL for Governance: No locking or escrow is required to receive veVIRTUAL; it is automatically granted to VIRTUAL holders.
5. Unlocking Time
- Ecosystem Treasury: Unlocks on December 24, 2033.
- Public Distribution & Liquidity: Unlocked on December 24, 2023.
- Agent Liquidity Pools: Locked for 10 years from the creation date.
6. Buyback and Burn Mechanism
- Planned Mechanism: Revenue from services (e.g., concerts, merchandise, AI agent interactions) is split between covering AI inference costs and the project treasury.
- Buyback and Burn: Treasury funds are periodically used to buy back and burn agent tokens, reducing supply and supporting token value. As of December 2024, this mechanism is planned but not yet live.
7. Acquisition Methods
- Airdrop: Initial distribution to PATH holders.
- Exchanges: Available on major centralized (Bybit, Bitget, Gate.io, Bithumb, MEXC) and decentralized exchanges (Uniswap, Aerodrome, PancakeSwap).
- Platform Activities: Earned or used within the Virtuals ecosystem for launching and interacting with AI agents.
8. Governance
- veVIRTUAL: Used for voting on protocol upgrades, agent approvals, and treasury management. Proposals require a minimum veVIRTUAL threshold to author.
- Open Participation: All VIRTUAL holders can participate in governance by delegating veVIRTUAL.
9. Notable Concentration
- Top Holders: The top 10 Ethereum addresses (excluding the Base Bridge) hold ~41.3% of the total supply, with the PathDAO Treasury being the largest single holder (~34.06%).
Summary Table
| Mechanism | Details |
|---|---|
| Issuance | ERC-20, 1B max supply, airdrop, mint function present |
| Allocation | 60% Public, 35% Ecosystem, 5% Liquidity |
| Usage | Payments, agent launch, marketplace, governance |
| Incentives | Community incentives (35%), future staking/validator rewards planned |
| Locking | 10-year lock for agent liquidity pools, no lock for veVIRTUAL |
| Unlocking | Treasury: 2033-12-24; Public/Liquidity: 2023-12-24; Agent pools: 10 years from creation |
| Buyback/Burn | Planned, not yet live; periodic buybacks from treasury revenue |
| Governance | veVIRTUAL (1:1), delegation required, open to all holders |
Additional Notes
- No Current Staking: As of December 2024, no live staking or liquidity provision mechanism, but planned for future subDAO governance.
- No Revenue Sharing: Tokenholders do not receive direct revenue or dividends.
- No Claims on Capital: VIRTUAL does not confer legal rights to profits or assets of the protocol.
For further details, see the Virtuals Protocol Whitepaper and IQ.wiki entry.
Virtuals Protocol (VIRTUAL) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of Virtuals Protocol (VIRTUAL) is essential for analyzing its long-term value, sustainability, and potential.
Key Metrics and How They Are Calculated:
Total Supply:
The maximum number of VIRTUAL tokens that have been or will ever be created.
Circulating Supply:
The number of tokens currently available on the market and in public hands.
Max Supply:
The hard cap on how many VIRTUAL tokens can exist in total.
FDV (Fully Diluted Valuation):
Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.
Inflation Rate:
Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.
Why Do These Metrics Matter for Traders?
High circulating supply = greater liquidity.
Limited max supply + low inflation = potential for long-term price appreciation.
Transparent token distribution = better trust in the project and lower risk of centralized control.
High FDV with low current market cap = possible overvaluation signals.
Now that you understand VIRTUAL's tokenomics, explore VIRTUAL token's live price!
How to Buy VIRTUAL
Interested in adding Virtuals Protocol (VIRTUAL) to your portfolio? MEXC supports various methods to buy VIRTUAL, including credit cards, bank transfers, and peer-to-peer trading. Whether you're a beginner or pro, MEXC makes crypto buying easy and secure.
Virtuals Protocol (VIRTUAL) Price History
Analyzing the price history of VIRTUAL helps users understand past market movements, key support/resistance levels, and volatility patterns. Whether you are tracking all-time highs or identifying trends, historical data is a crucial part of price prediction and technical analysis.
VIRTUAL Price Prediction
Want to know where VIRTUAL might be heading? Our VIRTUAL price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.
Why Should You Choose MEXC?
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Disclaimer
Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.
Buy Virtuals Protocol (VIRTUAL)
Amount
1 VIRTUAL = 1.2635 USD