ChainCatcher report: Virtuals Protocol has launched Occupy, a launchpad deployed on Base. Each token on Occupy is paired with a tokenized stock, and all tokens corresponding to the same stock are pooled into a single treasury, managed by a ten-seat AI Senate elected by token holders. Forty percent of every fee is used to purchase the paired stock and deposit it into the treasury. The Senate may decide to hold the stock, distribute shares to holders, repurchase tokens, and operate the community’s X account. Candidates must publish their platforms and manifestos, with holders voting to fill the seats. The creator receives 30% of each fee.
Virtuals Protocol Launches Occupy on Base, AI Senate to Govern Stock Vaults
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Summary
Virtuals Protocol has rolled out a protocol update with the launch of Occupy on Base. Each token is paired with a tokenized stock, pooled into a vault managed by an AI Senate elected by token holders. Forty percent of fees are used to purchase the paired stock and add it to the vault. The Senate can hold, distribute, or repurchase tokens and manage the community’s X account. Candidates must publish their vision, with seats determined by holder votes. Creators receive 30% of each fee. This on-chain development marks a key milestone in the project’s governance model.
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