ViralCoin Sets The Industry Standard For A Fair Balanced Token Launch Across Multiple Chains

As the number of cryptocurrencies, assets, and tokens grows, developers need to find a way to ensure a fair distribution. Several options and methods have been tried, although there are always some caveats to consider. ViralCoin's Fair Balanced Launch for its DeFi token on multiple networks is an exciting prospect to address this long-standing issue.

A Fair Launch Requires A Different Mindset

Creating a new cryptocurrency, token, or asset is the easy part of the equation. Developers don't even need to create unique code to get started, as they can take any GitHub repository, change the branding, and launch it as a new project. But, unfortunately, that is also where things get a lot more complicated, at least where fair launches are concerned.

The crypto industry has seen hundreds of pre-mines, instamines, developer "funding wallets," whales, boats, and other unsavory methods of skewing the initial coin distribution. These concepts need to be nullified in one way or another, yet that is easier said than done. Ensuring there are no coins for developers, early investors, airdrop, and more can make it very difficult for a new project to gain initial branding and exposure.

Coming up with a new plan of action isn't easy. Liquidity pools often allow developers to show the outside world they are committed to a project for a more extended period. However, these pools can still trigger much price volatility, potentially turning off potential investors. ViralCoin has come up with an alternative solution beyond this traditional liquidity pool option, as their token maintains a stable price until the supply has been fully distributed.

Referred to as the Fair Balanced Launch, ViralCoin sets a new standard for the broader cryptocurrency industry. Keeping the token price consistent while new tokens are minted is a game-changer. More importantly, this currency resides on three networks - Ethereum, Polygon, and Binance Smart Chain - providing a thorough test of this price balancing mechanism.

How ViralCoin Makes It Possible

On paper, it sounds straightforward to control a token's price while the supply is being issued across the three networks. In reality, things are always more complex. ViralCoin utilizes a ViralVault to rebalance the Liquidity Pool every time new coins are minted. Doing so ensures the maximum price is stable until the total supply has been reached.

Additionally, ViralCoin is paired with USDC, a stablecoin, in the liquidity pool. That option aids in price stability, but it also negates impermeable loss. A third benefit is how the pairing of a currency being kept stable with the USDC stablecoin ensures ViralCoin can thrive regardless of overarching crypto market conditions. As a result, bullish or bearish markets will not make a significant impact on the price. Finally, users can swap any token to ViralCoin, as those tokens are converted to USDC before inserting them into the Viral Liquidity Pool.

Other Crucial ViralCoin Features

Although the Fair Balanced Launch of ViralCoin will be a big talking point and industry precedent, the team explores other opportunities. One such option is being able to participate in the project's growth, even as a non-investor. Promoting ViralCoin leverages the built-in on-chain on-token referral system, where 1% of every buy is sent to the referring wallet address.

Other tokenomics to consider are a 3% redistribution fee to all wallet holders on every network transaction. That redistribution does not include the team wallet, although it receives a separate 1% fee on every trade to help build out the native ecosystem. More innovative token features are on the agenda. An overall 5% tax on a new token is relatively low compared to most other DeFi tokens adopting a somewhat similar model.

The project roadmap indicates the developers will focus on building a subscription-based smart contract wallet. That wallet will be integrated with various e-commerce partners, bringing more utility to the native token. Moreover, users holding VoralCoin for a more extended period will be able to use their redistribution earnings to pay recurring [household] bills. An exciting prospect, as paying bills with cryptocurrencies is a mainstream use case few projects explore actively.

ViralCoin has a bright future thanks to some ingenious mechanics and a roadmap to bring real-world utility to this DeFi token. It also incentives promotion through the world's first on-chain on-token referral system and rewards holders with ongoing redistributions. Moreover, the three-chain launch ensures users can acquire the asset on their preferred network.