Virtuals Protocol core members support new tool; Bankr developer accuses of unfair competition

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Release Time: 05/24/2026 08:15:49

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Summary

A protocol update within the Virtuals Protocol ecosystem has sparked debate, as a new tool, OxTrenchor, enables users to issue tokens on X with a single command. Unlike Bankr, it directs 100% of fees to a specific X handle. Virtuals Protocol core member @0xTP91 praised the move toward a community-focused model. Bankr developer @0xDeployer accused Virtuals of unfair competition. New token listings via OxTrenchor could reshape capital formation. Virtuals has not confirmed the official status of the tool.

BlockBeats report: On May 24, the Virtuals Protocol ecosystem saw the emergence of a tool named "OxTrenchor," similar to "Bankr," which enables any user on X to quickly issue tokens via simple commands. Unlike Bankr, OxTrenchor directs 100% of transaction fees (creator fees) directly to a specified X handle, with no additional platform commission.

After the tool launched, it was praised by Virtuals Protocol core member @0xTP91, who described it as a positive shift from Bankr’s “please” model—where developers must actively claim tokens issued via Bankr—to a “support” model, offering a more friendly path to capital formation for the community and builders.

Related comments upset Bankr developer @0xDeployer, who posted a screenshot accusing the Virtuals team of "criticizing Bankr while promoting their launch tool—a classic move." However, as of press time, members of the Virtuals Protocol team have not confirmed that OxTrenchor has any official affiliation.

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