Virtuals Protocol updates the value accumulation mechanism, including the introduction of a proxy partnership mechanism

PANews reported on January 15th that Virtuals Protocol announced an update to its value accumulation mechanism to better support the builders of the Virtuals ecosystem.

1. Post-bonding transaction tax will be distributed as follows: 30% allocated to proxy creators, 20% allocated to proxy partners, and 50% allocated to sub-DAO of the proxy for future governance decisions.

2. Rewards for creators will be sent directly to the wallet of the proxy deployer.

3. The introduction of a proxy partner mechanism is designed to coordinate incentives between trading platforms/interfaces (such as TG bots) and the Virtuals ecosystem; when these platforms become proxy partners, they will receive 20% of post-bonding transaction tax from their facilitated transactions - these funds can be used for rewarding their community or other initiatives.

In addition, Virtuals Protocol stated that since October 16th, 2024, Virtuals has accumulated a total of 12,990,427.85 VIRTUAL coins from post-bonding transaction revenue. These funds will be used in the next thirty days through Time Weighted Average Price (TWAP) mechanism for repurchasing and destroying corresponding agent tokens.