ViralCoin Goes Multi-Chain To Redefine Fair Crypto Token Launches

Whenever a new cryptocurrency token or asset launches, there are concerns over its distribution. Preventing whales and bots from trading or investing early on has proven to be a tricky ordeal. ViralCoin has come up with a ground-breaking solution to introduce a proper Fair Balanced Launch. 

A Different Take On Liquidity Pools

The concept of token launches has undergone numerous iterations over the past few years. The times of launching a new blockchain with a pre-mine appear to be over, for the most part. Additionally, the concept of ICOs is on the way around, and IDOs/IEOs have become the new normal. However, even those sales do not guarantee a fair token launch and distribution, though indicating much room for improvements.

A different concept gaining momentum in DeFi is how the developers will set up a liquidity pool. More specifically, they lock liquidity in the pool for a particular time - usually one year - to make the token tradable. While a good idea, it does not guarantee any price stability, posing a very different problem. It is difficult to strike a balance between fair and appealing, although the new solution by ViralCoin strikes an interesting chord.

ViralCoin builds on the liquidity pool concept by introducing a ViralVault. Viralvault rebalances the liquidity pool whenever new ViralCoins are minted, keeping the maximum price-stable until the total token supply has been reached. That process seems simple in theory, but it requires an innovative approach to pull off. 

More importantly, ViralCoin's approach does not involve a pre-distribution to founders, developers, or early adopters. When the team states it is a Fair Balanced Launch, they mean everyone follows the same rules, regardless of their role. It is a commendable solution that can redefine how other developers issue and distribute their tokens accordingly.

More Reasons To Pay Attention To ViralCoin

The Fair Balanced Launch feature is an important aspect of what ViralCoin envisions: redistribution of wealth to the masses. Fostering that goal occurs through the world's first on-chain on-token referral system. With this system, everyone in the world can participate in the project's growth, regardless of purchasing tokens. For every referred buy that occurs, 1% of the amount is sent to the referrer directly. That process is automated to guarantee fairness, transparency, and proper distribution.

Although that referral system works for non-token holders, it remains advisable to pick up some ViralCoins. All wallet holders receive a share of the 3% redistribution fee for all transactions. Generating a passive revenue stream by holding a token is always a worthwhile option. That redistribution fee does not include the team wallet, although it earns 1% on every trade to keep launching innovative token features. The combined tax per transaction is still relatively compared to other DeFi assets, yet it provides tremendous rewards to long-term holders.

The liquidity pool for ViralCoin will be a USDC pairing. As USDC is now the second-most popular stablecoin in the crypto space, it makes for an excellent candidate. Thanks to the Fair Balanced Launch, the pool sustains itself, and the pairing with USDC prevents impermeable loss. Moreover, a stablecoin pairing has a high chance of letting the token proper under both bearish and bullish conditions. 

While the pairing is ViralCoin-USDC, users can swap any other token to ViralCoin as well. Those tokens are converted to a USDC equivalent before being injected into the Viral Liquidity Pool. A very intriguing approach to ensure that many people can access the liquidity pool without swapping their assets first. 

ViralCoin Future Outlook

No cryptocurrency project is complete with a long-term vision and roadmap. Delivering on that roadmap is crucial, and the ViralCoin team has some rather ambitious goals. Building a subscription-based smart contract wallet to integrate with popular e-commerce partners can, if successful, introduce many potential use cases for ViralCoin. Moreover, the ongoing redistribution of ViralCoin through every transaction can make it easy for users to pay recurring bills, among other things. 

Although there are solutions to use crypto assets for bill payments, it often requires a custodial third-party service provider. ViralCoin aims to bypass this intermediary and introduce a decentralized alternative through the smart contract wallet. In addition, the concept of paying household bills through ongoing redistributions incentivizes users to hold ViralCoin long-term and use the "profit" they generate to cover everyday expenses. 

There is a lot to like about ViralCoin. From the Fair Balanced launch to bringing utility to the asset, the future certainly looks bright. More importantly, the token resides on the Ethereum, Binance Smart Chain, and Polygon Matic networks, giving users ample options to acquire the asset on their preferred network.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. The content was purely for informational purposes only and not intended to be investing advice.

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