VIRTUAL

1.Project introduction

The VIRTUAL Protocol is like a decentralized factory that makes all sorts of AI agents (that can respond via text, voice and motion) for different virtual worlds, like games or online spaces. It's all about making and selling these AI agents in a way that everyone involved gets something out of it. Think of it as creating digital characters that can do anything from acting like a character from a movie to helping you write a horror story or even being a digital version of yourself.

2.Team introduction

Jansen | core contributor #001 | Ethermage

Mined his first Ethereum in April 2016. Former BCG consultant and serial entrepreneur in deep tech, specializing in AI and biochemistry. Imperial College London graduate.

Weekee | core contributor | everythingempty

BTC / ETH since 2016. Former BCG consultant and private equity. Imperial College London graduate.

Bryan | AI core contributor

AI researcher at the Adaptive and Intelligent Robotics Lab at Imperial College London.

3.Token application and distribution

Token application：

key utilities include:

Development Incentivisation: VIRTUAL tokens reward contributors who upload and update the Virtual agent stack, and validators who review submissions and decide reward allocations. This system ensures ongoing quality and innovation in virtual agents, with X% (TBD) of tokens going to each group.

Support and Emission Decision: Token holders directly influence the development of virtual agents. The number of tokens staked determines the development support (i.e. token emission) a Virtual Agent receives, aligning resource allocation with community interest.

Governance of Treasury: Token holders govern the protocol’s treasury, influencing financial strategies and ecosystem development.

Buyback Scheme: A portion of revenue from DApps using virtual agents is used to repurchase VIRTUAL tokens, enhancing the token's value and ecosystem stability.

Airdrop Benefits: In line with the roadmap, token stakers receive airdrops for new token offerings related to virtual agents or DApps, encouraging long-term engagement.

Token distribution:

Public Distribution: 60% (600,000,000 tokens) are now in public circulation.

Liquidity Pool: 5% (50,000,000 tokens) are set aside for the liquidity pool.

Ecosystem: 35% (350,000,000 tokens) is dedicated to the ecosystem treasury.