About @VaderResearch 's disappointment regarding the IRIS token's performance, especially considering its status as the first token launched on Ethereum and its peak as a Genesis MINDSHARE. I also empathize with his point that IRIS's Fully Diluted Valuation (FDV) shouldn't fall below $20-30 million, yet it's currently under $10 million.
IRIS Token's Current State and Market Confidence
As the first token issued on Ethereum, we certainly invested significant attention and Virgent Points pledges into IRIS. However, its current market performance is indeed below expectations, particularly having dropped to about one-tenth of its opening price. This decline is truly surprising, especially given its FDV is still around $11 million.
A stable token trajectory is crucial for market confidence. If IRIS can develop steadily and move upwards, it will help the market place more confidence in these "Agent" concept projects. Conversely, if its performance continues to underperform, the community might lean towards tokens like Lucien. These tokens not only lack a cooldown period but also allow users to directly cash out their Virgent Points, offering a more direct and flexible option.
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While the free market has its own rules, Vader's reference to "Keynes and the Great Depression" suggests the importance of market intervention in certain situations. This certainly prompts us to deeply consider IRIS's future direction: Should we let the market operate completely freely, or is strategic support needed to stabilize its value and maintain user confidence in such innovative tokens?
I believe the Virtual team surely understands these issues. As for what's next? Perhaps only the Virgents truly involved will know!
CAPS STAYS ON 🧢🧢🧢

I am disappointed with $IRIS
THE only token that Nethermind ever launched
THE token that peaked Genesis MINDSHARE
THE anchor token for top tier teams considering launching on Genesis
Yet the token fell below $10m FDV
It should have not fallen below $20-30m FDV imho
I love free markets
But without Keynes
The Great Depression would have NEVER ended
CAP STAYS ON 🧢

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