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Virtuals has introduced a new staking mechanism for its native token VIRTUAL, giving users veVIRTUAL instead of passive holding incentives. veVIRTUAL holders will receive 20% of Virgen Point emissions, replacing previous token holding rewards. veVIRTUAL holders also gain eligibility for Genesis Airdrops on Virtuals’ launchpad, with details pending. The protocol aims to increase utility and governance power for VIRTUAL holders through this new system.
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