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Elon Musk

Everythingempty, one of the co-founders of the Virtuals (VIRTUAL) team, published an early-stage proposal on the X platform, bringing forward the allocation of performance-based ecosystem funding to Virgen Labs.
This proposal, approved in July, includes a rewards plan based on price targets.
According to the proposal, if the VIRTUAL token price reaches $10, $20, and $40, respectively, it will trigger a token allocation equivalent to 2% of the total supply to the Virgen Labs team. If all targets are met, the team will earn a total reward of 6% (60 million VIRTUAL tokens).
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Each phase will be verified using 30-day time-weighted average price (TWAP) data from the Binance spot market and a daily trading volume exceeding $10 million. Once the target is reached, the tokens will be gradually unlocked via smart contracts at a weekly rate of 0.013% over 36 months.
The proposal states that no new tokens will be minted. However, if all targets are met, the share of the DAO treasury will decrease from 34% to 28%. This will only apply if the VIRTUAL price reaches $40.
According to Coingecko data, the current price of VIRTUAL is at $1.83 and the token has gained 33.9% in the last 24 hours.
<figure style="width: 100%" class="wp-caption alignnone">
 <img src="https://www.bitcoinsistemi.com/wp-content/uploads/2025/11/VIRTUAL_1D_graph_coinmarketcap.png" alt="" width="1200" height="800">
 <figcaption>
 Chart showing the rise in the price of VIRTUAL.
 </figcaption>
</figure>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/reason-behind-todays-notable-altcoin-surge-is-now-clear-developers-will-only-get-paid-if-the-price-increases-fivefold/" rel="noopener noreferrer nofollow">Reason Behind Today’s Notable Altcoin Surge Is Now Clear: Developers Will Only Get Paid If the Price Increases Fivefold</a>

Reason Behind Today’s Notable Altcoin Surge Is Now Clear: Developers Will Only Get Paid If the Price Increases Fivefold

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