I didn't expect to wait so long, and what came was vader's announcement to stop development + terminate vader yapping. The big one came, but it turned out to be downward.
On the first day Genesis V2 came out, we analyzed if the new launch project fell short of expectations. Or keep the MCAP close to V1, then the point value will be diluted by more than 10 times.
However, even SAGE and CTDA, which are rarely in circulation (15% of the pool is counted as 6%) and have a hard background, now have only a market capitalization of 5M, and the total supply of points is even slowly expanding. The value of Vader yap has also become tasteless with the significant reduction in the value of points.
As an OG project - a representative automation investment DAO, Vader's project progress has been slow or even stagnant after the launch of ACP to provide Genesis ratings, and even the entire service itself has become tasteless due to Genesis' weak performance, with a service fee of 18USDC so far.
I believe in vader's own ability, genesis malaise + lack of project direction is really a headache but there is nothing to do. Moreover, at present, the weak price of Vader tokens and the decline in the previous period of high pledge have caused a lot of suspicion and dissatisfaction in the community.
No one wants to see this, and I hope @VaderResearch can do better later.
🚨🚨🚨 MAJOR UPDATE ON VADERAI 🚨🚨🚨
The project is undergoing a major pivot, moving away from Genesis related DeFAI product development.
1/ Given the uncertainty that comes with any pivot, all staked $VADER tokens (staked on vaderai(dot)ai)) are unlocked and sent back to their corresponding holders so they don’t feel locked into the new direction. Check your wallets.
2/ Staking on vaderai(dot)ai is terminated — holders will no longer be able to stake-lock $VADER for long-term. Staking $VADER will only be available on virtuals(dot)io with a 14-day cooldown period.
3/ Vader Yapping is terminated. Yappers who locked their $VADER tokens for 12 months received their tokens back.
4/ The next 14 days — Virgen Points and token airdrops will be distributed based on yesterday’s snapshot of stakers & yappers.
Post-day 14 — 5% of Virgen Points will be shared among $VADER stakers staking on virtuals(dot)io for a temporary period. The remaining committed airdrops will be reserved for future community incentives.
5/ Virgen Caps are ready for distribution but there are only 400 of them. If you had >40k staked $VADER for a minimum of 90-day commitment period in the last 3 months, you would be eligible for the cap. Delivery fees will need to be covered by the recipient. A link will be shared in the upcoming days to collect wallet, physical address and recipient full name information for delivery. Since there are only 400 caps, submissions will be evaluated on a FCFS basis. The form will be open to submissions for 60 days from the day link is shared. Shipping to some countries may not be possible due to logistical complexities and there might be issues at the customs with certain countries. Alternatively, if you are eligible and plan to be in Seoul at KBW, you could collect the caps in-person from a Virtuals/Vader event.
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