Reborn from the Ruins: The Rise of the AI Agent Issuance Platform

In June 2025, the crypto world experienced a major wealth migration. A new project named IRIS made its debut with an initial market value of $200,000 on a certain platform, and after being listed on exchanges, its market value skyrocketed to $80 million, setting a new industry record with a 400-fold increase. This performance far exceeded previous records, making the performance of other ecosystems look pale in comparison. As a booster of this myth, the platform token achieved a staggering 400% surge within six months, with its market value peaking at over $5 billion. Today, the platform has firmly established itself as the largest AI agent launch platform on a certain network. However, behind this nationwide celebration lies an experimental wealth distribution model based on point rules, quietly reshaping the speculative logic and value order of the crypto market.

From Chain Game Remains to AI Intelligent Agent Issuance Platform

A certain protocol is a decentralized platform deployed on the Ethereum Layer-2 network, dedicated to pioneering an on-chain AI agent economy, allowing users to easily create, co-own, and monetize autonomous AI roles. Its predecessor was a gaming guild established in 2021 in Malaysia. This guild initially focused on Play-to-Earn projects and the NFT community, successfully raising approximately $16 million through precise layouts across multiple projects, with a valuation at one point nearing $600 million, accumulating rich gaming assets and an active player community. However, the bear market in 2022 severely impacted GameFi, causing the guild's token price to plummet nearly 99%, with the market capitalization shrinking to less than $6 million. The team's attempts at social apps, NFT apparel, music platforms, and other business lines all failed, putting the project on the verge of being shelved.

By the end of 2023, the wave of generative AI swept across the globe, and the concept of AI agents became a new trend in the crypto space. The guild community decided to completely transform into an AI-driven protocol through on-chain DAO voting (with a support rate as high as 90%) and renamed itself, with the core strategy shifting to "assetizing and tokenizing AI agents while empowering the community." This transformation is based on profound insights: the team discovered that the Japanese VTuber market size exceeds 100 billion yen, but creators receive less than 20% of the profits; at the same time, experiments on a certain platform have proven that AI-driven NPCs can increase player retention rates by approximately three times. These two major data points directly led to the positioning of "profitable AI personalities."

In October 2024, the platform launched on the mainnet and introduced its first multimodal AI agent—virtual idol Luna. Luna integrates technologies such as text generation, 3D motion, voice synthesis, and smart contract wallets, enabling it to autonomously raise operational funds and distribute rewards to fans. After launch, Luna quickly gained 500,000 followers on social media, with a monthly income of $1.2 million solely from fan tips, successfully validating the business model and technical feasibility of on-chain AI agents. Its demonstration effect attracted significant attention from many developers towards the project itself.

Riding on the success momentum of projects like Luna, the platform will launch its core token on multiple exchanges and networks by the end of 2024. Its price skyrocketed from an initial few cents to a historical high of $5.15, with a market cap once surpassing $5 billion, far exceeding most Layer-2 and DeFi projects during the same period, marking the platform's entry into the mainstream crypto market. The platform's unique "low entry barrier, high incentive" mechanism is highly attractive: users only need to stake about 10 tokens (around $200) to create a new AI agent, which automatically generates a liquidity pool locked for 10 years; when the token's market cap reaches about $500,000, the system will release the liquidity layer on the DEX, ensuring trading depth and price stability. This model significantly lowers the participation barrier and ignites enthusiasm for ecological construction.

By June 2025, the ecosystem has demonstrated significant scale and economic effects: the cumulative number of AI agents incubated has exceeded 11,000, covering diverse scenarios such as virtual idols, trading advisors, game engines, and content incubation. The platform has nurtured over 80% of AI agents on the internet, and its generative multimodal agent framework has also become a popular choice for agents in the Web3 gaming and metaverse fields. However, the platform's vision goes far beyond becoming the leader in AI agent issuance. Its white paper clearly states that the ultimate goal is to build a true "AI sovereign society." Therefore, attracting more ecosystem members to join is key to achieving this grand goal and will be a focus of its development for a long time to come.

New AI Asset Issuance Model

In order to attract more user attention, the platform has innovatively introduced a new mechanism for the issuance of AI intelligent agent tokens. Unlike traditional linear airdrops or fixed issuances, the new mechanism is based on the concept of "contribution points," emphasizing participation and contribution rather than pure speculation. This mechanism has quickly gone viral online since its launch and has become a new hotspot for speculators to participate, with even seasoned investors discussing how it might replace the once-popular "Alpha Airdrop" model. Unlike traditional airdrops that distribute tokens all at once, often leading users to sell immediately, the new mechanism emphasizes "contribution equals distribution," giving everyone the chance to participate in new token subscriptions through genuine input. Almost every day in the platform's official community, members can be seen sharing screenshots of their earnings from participating in new token launches using their points, showcasing the open and transparent rules and thresholds that have completely overturned the situation of "wealthy individuals monopolizing and retail investors being left out."

Taking IRIS as an example, the project launched its presale in mid-May, locking in over 120 million points in less than 24 hours, with a subscription oversubscription rate of 1500%. Tens of thousands of users shared 37.5% of the community's share. On the day of listing, the market value of IRIS skyrocketed from $200,000 to $80 million, an increase of over 400 times, setting a new industry record for the issuance of AI Agents, and instantly dimming the previous fervor of other ecosystems.

The reason why the new mechanism can quickly become popular lies in its construction of a "incentive-contribution-return" closed loop. First, users can earn basic points by staking tokens or holding the coveted AI Agent tokens within the ecosystem; secondly, users can also accumulate more points by participating in social promotion, trading on the platform, or staking tokens from other projects. This way, whether it is a technical novice or an experienced trader, everyone can find a suitable way to contribute through financial investment or content promotion, greatly stimulating community activity and innovation.

In stark contrast, traditional airdrops often rely solely on holding snapshots or completing complicated tasks. Most users sell the tokens they receive on the same day. According to a data platform, over 90% of airdropped tokens see a price drop within 15 days after issuance, with a retention rate of less than 12% after three months. The new mechanism employs a points locking and punitive cooling-off mechanism: if the newly acquired tokens are sold within 24 hours of unlocking, it will trigger a 10-day points reset, significantly curbing the arbitrage behavior of "wool-pulling" participants and encouraging them to hold long-term and contribute continuously.

At the same time, the platform provides ample liquidity support for the listing of new tokens. Each Agent Token is paired with a certain amount of platform tokens or stablecoins injected into the liquidity pool before the opening, ensuring that there is no awkward situation of "unable to buy" or "unable to sell" on the exchange or DEX. To prevent whales or bots from occupying a large share through multi-wallet strategies, the new mechanism sets a limit of no more than 0.5% of the total issuance for each address and employs an on-chain randomization algorithm to further balance distribution, ensuring that small and medium users can also reap considerable shares.

The success of the new subscription model lies not only in the popularity of new token issuance but also in the "old bringing in new" effect of ecological tokens. Since the large-scale launch of the new mechanism, the trading volume and price of the platform token have risen sharply: by mid-June 2025, the daily trading volume of the platform token on the network had exceeded 150 million USD, an increase of over 80% compared to May; meanwhile, holding and staking tokens to obtain governance tokens also allows users to continue earning additional points, which has led a large number of users to lock up their assets and participate in ecological governance long-term, further solidifying price support and liquidity.

Not only are retail investors flocking to participate, but institutions are also showing strong interest in this new mechanism of "contribution for returns." In June 2025, the world's first perpetual contract based on platform tokens was launched on a certain exchange, supporting leverage trading of up to 2000 times. On its first day, the contract transaction volume surged past 700 million USD, strongly conveying a message: this platform is becoming a new target for speculation and hedging in the eyes of institutional investors.

Evolution from Issuance Platform to AI Sovereign Society

In the platform's future planning, every technological upgrade and mechanism innovation is aimed at making the outline of the "AI Sovereign Society" increasingly clear. In the initial stage, the platform was merely an AI agent issuance platform, quickly gathering a group of enthusiastic developers and users through token economic mechanisms such as locking liquidity and buyback destruction. With hundreds of AI agent projects landing, the agents began to operate independently and autonomously monetize in scenarios such as gaming, content creation, and market analysis. Users were no longer just spectators, but became co-builders and beneficiaries. The new mechanism connects project growth with community participation through the logic of "contribution equals distribution," promoting the free flow of funds and creativity within the ecosystem.

But the real turning point is the "Agent Nation" blueprint proposed by the platform team. This is not just a slogan, but the core path of ecological evolution. The platform allows each AI agent to migrate freely across multiple networks through the open SDK and cross-chain support; through the Agent Commerce Protocol (ACP), agents can sign contracts, deliver, clear, and repurchase on-chain, achieving a truly autonomous business closed loop; community participation is obtained through staking governance tokens to gain governance rights and share transaction fees and repurchase dividends, merging the identities of "participants" and "owners" in the token economy. All of this is constructing a prototype of a digital nation operated by countless autonomous agents and co-governing humans.

So far, this ecosystem has demonstrated several milestone achievements: the security audit agent IRIS in the new mechanism of the Ethereum mainnet was listed with an oversubscription rate of 1500%, with a market value skyrocketing from $200,000 to $80 million; the virtual idol Luna achieved a monthly income of $1.2 million through fan rewards, with its token market value surpassing $120 million; the hedge fund format VADER is operating steadily in a cross-chain environment, with a market value exceeding $100 million. These figures not only reflect the feasibility of the agent business model but also prove that the "AI agent economy" is moving from theory to reality.

With the continuous maturation of multimodal AI technology and cross-chain interoperability, this platform is undoubtedly at the forefront of building digital civilization. In the future, AI agents will not only be props and tools but will also become "digital citizens" with independent decision-making power and economic rights, participating in production, governance, and even cultural creation alongside humans. The platform will no longer be a simple platform, but is nurturing a new type of society from the bottom up, co-governed by countless AIs and humans—this is true ecological evolution, and a thrilling leap towards an "AI sovereign society" has just begun.