Today, under the Transition Labs brand, we are excited to announce our new project – the VIRUS protocol. The idea was suggested by one of our developers while discussing gamification mechanics in crypto, and we built it with curiosity to test experimental mechanics. Let’s dive in!
VIRUS is an omnichain protocol, leveraging LayerZero technology to empower the multichain narrative. It is built around ten highly-utilized chains (Ethereum, Polygon, Arbitrum, Arbitrum Nova, Optimism, BNB Smart Chain, Avalanche, zkSync Era, Polygon zkEVM, Fantom) and will spread to more soon 🦠
Utilizing a fair launch approach, the protocol enables users to mint VIRUS tokens for free and teleport them to any chain. Yes, one blockchain transaction with VIRUS and the new chain is infected and doesn't go to work tomorrow.
Its core value proposition is seamless fund transfers across all the most popular chains, including hyped zk-chains like zkSync Era and Polygon zkEVM, but the most intriguing part is behind the scenes.
By launching VIRUS, we introduce a multi-tiered economy with various incentives and many potential strategies to interact with the protocol, participate in its management and even build on it.
Total initial supply – 6 900 000 000 VIRUS.
Fair launch distribution:
78% to be distributed through permissionless minting across nine supported chains, excluding the Ethereum mainnet. This share will be unlocked linearly during 365 days after TGE on each supported chain.
10% dedicated to the initial liquidity on Uniswap v2 for the VIRUS-WETH trading pair to provide sufficient liquidity for traders willing to participate in VIRUS mechanics. All LP tokens will be burned.
4% allocated to LP tokens staking rewards during the first 30 days after TGE to incentivize liquidity provision.
8% is left for another use case that will be announced after the launch. We hope you will be surprised, and we assure you we as a team won’t benefit from this allocation (it can be verified on-chain).
More on distribution:
Participants (claimers) will receive 0.1% of the unlocked supply on the current chain by each claim. For example, there is 10 000 unlocked VIRUS on the Polygon chain. The first claimer receives 0.1% * 10 000 = 10 VIRUS. The second claimer receives 0.1% * (10 000 – 10) = 9.99 VIRUS.
There will be no restrictions on the number of claims one address can make because the available supply grows each second, and it is impossible to mint all tokens leaving nothing for other users. Claim, gamble and build your token acquisition strategy while spreading VIRUS.
The protocol will be launched during the next few days. The contracts deployment date and the time of seeding liquidity will be known in advance, leaving no chance to buy the dip for the team and insiders.
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