Analysoor is the first Meta Protocol on the Solana chain, which adopts a unique method to create and distribute NFTs and tokens.
Author: @0xmarkyzl
Advisors: @CryptoScottETH, @ZouBlock
TL;DR:
- Analysoor is the first Meta Protocol on the Solana chain, which adopts a unique method to create and distribute NFTs and tokens. It provides users with a Fair Launch minting mechanism by using block hash as a random number generator and selecting winners on each block. This mechanism has proven to be successful in eliminating the impact of bots in the minting of $ZERO and Index ONE NFTs.
- Fairness and liquidity guidance are the core values supporting Fair Launch. Under this mechanism, there are no presales, whitelists, team allocations, or gas fee front-running transactions. Anyone is on an equal footing, and differences in capital cannot bring competitive advantages in the minting process. The fees generated from minting do not flow to the project party or miners' wallets, but are all used to create liquidity, nourish the ecosystem and community, forming a positive feedback loop.
- Analysoor is forming a strong community consensus, and its value and potential are being increasingly recognized and acknowledged by more people. Meanwhile, its developers are continuously combating potential bot behavior through more innovative means to ensure the long-term maintenance and guarantee of fairness. Among these, the application of AI algorithms and machine learning is what we are most likely to see next.
- Compared with other mainstream launchpad projects on public chains such as Auction, Turt, and Bake, the current market value of Analysoor may be severely underestimated. Considering that there is currently no leading protocol for a launchpad in the Solana ecosystem, Analysoor is very likely to assume this role and has enormous potential for value growth in the future.
- The market's demand for fairness and transparency is growing, and the Fair Launch mechanism will become an inevitable trend. Therefore, 2024 may be a year of outbreak for Meta Protocols (especially on high-performance public chains like Solana), and Analysoor, as a pioneer of Fair Launch on Solana, has tremendous potential and a very strong vision. We may see it being brought into more diverse tracks in the future, becoming a multi-functional launchpad, not just for meme coins and NFT minting.
Preface
Since the cryptocurrency market entered 2023, the popularity of blockchain inscriptions represented by the Ordinals protocol and its derivatives has skyrocketed. However, behind this frenzy, there is an increasing demand for more efficient blockchain functionality, lower gas fees and operational complexity, and fairer market participation.
At this time, the Solana ecosystem has experienced an impressive rebound. With the promotion of diversified innovative projects and a strong ecosystem, Solana will once again become one of the hottest competitors in the bull market, especially its high throughput and low-latency transaction characteristics are crucial for the inscription and NFT market. As of December 17, 2023, the total number of inscriptions on the Solana chain has exceeded 1 million.
Analysoor fully utilizes the characteristics of the Solana ecosystem to build an innovative Fair Launch mechanism, aiming to solve the fairness issues in traditional mechanisms and bring about a huge revolution to the inscription and NFT market.
I. Project Introduction
Analysoor Protocol is an innovative inscription and NFT minting protocol on the Solana chain, and also the first Meta Protocol in the Solana ecosystem. It wonderfully integrates the high throughput, low transaction fees, and fast transaction confirmation of the Solana ecosystem with the essence of the Ordinals protocol, creating a "block lottery" minting mechanism with a gambling nature.
Its core value lies in solving the fair distribution and liquidity guidance issues in the minting of inscriptions and NFTs. By utilizing Fair Launch, it maximally filters out bots and "scientists," creating a completely fair, transparent, lower-threshold, and easier-to-operate high-experience minting environment for participants who are truly passionate.
When other developers use Analysoor to conduct minting and distribution activities, its Fair Launch mechanism will effectively attract a large number of genuine users to participate actively. These users will be able to bring a lot of heat and topics to the minting targets in a short period, promoting the rapid formation of community consensus.
Under the Fair Launch mechanism, whether you are a whale with a huge capital or a newcomer to the industry, everyone is on an equal footing, with an equal opportunity to earn profits. The more decentralized and equal distribution results further enhance the community's voice.
We have every reason to believe that Analysoor is triggering a huge disruptive wave for public chain inscription protocols, and we look forward to it becoming a leading project and a revolutionary leader in the Solana ecosystem's inscription and NFT minting launchpads.
Analysoor is still in its early stages, and its protocol and ecosystem still have enormous room for imagination and development potential. As of now, the protocol has not conducted any financing activities, nor does it have any related plans.
II. Developer and Community Building
Analysoor was founded by @Pland__, who is a data scientist and engineer with outstanding technical capabilities and innovative thinking. Upon its launch, Analysoor has sparked widespread discussions in the crypto community, attracting a lot of interest from users.
Moreover, Pland has stated in the community that due to his background in data science, he is trying to incorporate more AI algorithm elements into the protocol to continuously improve it and make further innovations, which has raised more expectations for Analysoor's future development within the community.
Although Pland has invested a lot of time and effort in building and innovating the protocol, he has also made a lot of efforts in community building. Pland actively communicates with participants in the community every day, solicits opinions from community users, and answers questions, which is crucial for maintaining community activity and building community consensus.
At the same time, Pland has set up discussion channels in different languages in the DC community (such as Chinese, Japanese, Korean, French, etc.), which not only avoids misunderstandings about the project due to language issues but also provides a platform for members of the same language to discuss, which will help the protocol spread in a more diverse multilingual community.
As of the date of this article, according to Solscan's on-chain data, the number of addresses holding the protocol token $ZERO is 7866, and within 48 hours of the opening of the protocol's DC community, the number of community users has already exceeded 500 and is still growing (entry into the community requires holding at least 100 $ZERO or 1 Index ONE NFT).
III. Protocol Revenue Sources
Developers currently only charge a 2.5% royalty fee from the Index ONE NFT project. Pland has stated that this income is sufficient to sustain the operation of the protocol. Additionally, Pland holds approximately 1.69% of the total supply of $ZERO (currently the fourth largest holding address on the chain, totaling approximately 355,000 tokens). He has repeatedly stated that his goal is always the long-term development of the protocol, rather than being a short-term rugger.
3.1 What Problems May Exist in Traditional Deployment Institutions?
On October 3, 2023, a person named Rijndael on Twitter released a BRC-20 sniper robot called Sophon by exploiting the "first come, first served" nature of BRC-20 and the public nature of most Bitcoin transactions. The robot monitored the transactions of BRC-20 deployed inscriptions and front-ran transactions by increasing gas fees.
In this way, Rijndael was able to reliably beat other BRC-20 inscription deployment transactions in the block, making his own transaction the "official" transaction. This also gave him the power to change the total supply and maximum minting amount of the tokens.
Subsequently, Rijndael decided to set the supply of each token deployed by Sophon to 1, meaning each token would have only 1 owner, completely preventing the development of the tokens.
As shown in the image, after Sophon was deployed, the overall inscription activity of BRC-20 on the chain sharply declined, becoming almost negligible or close to 0. After Sophon's funds were exhausted, the activity returned to its previous high point.
According to the data released by Rijndael afterward, Sophon only cost 0.0129 Bitcoin and achieved a 75% success rate in front-running transactions. It can be said that he single-handedly created a brief "bear market" in the hot BRC-20 inscription market.
Although Rijndael has proven that he was only stress-testing and experimenting with ideas after this incident, and not for the purpose of disrupting the ecosystem, this incident still deserves our attention. What would the market look like if there were multiple Sophons? Do we still have a chance to participate in the market? At least, when a few people can dominate the entire market through technical means or capital advantage, the interests of ordinary investors cannot be guaranteed.
3.2 How Does Analysoor's Fair Launch Mechanism Work?
Through Analysoor's Fair Launch gameplay, users will no longer need to engage in frantic bidding by significantly increasing gas fees as in other traditional minting models. Instead, the cost for each user to participate in minting is fixed each time. When users participate in minting, they can be understood as purchasing a "block lottery," and the randomly generated hash value of the block will determine which transaction (lottery ticket) in the block will be the winning transaction (the winner).
Overall, the first digit in the block's hash value will serve as the winning number, and the parity of the digit combination in the hash value will serve as the basis for determining the counting order (in most cases, each block's hash value will contain at least one digit). Therefore, the judgment logic for the winner can be divided into two scenarios, as shown in the examples.
This judgment logic creates a dual-layer security protection for the minting allocation process. Under this mechanism, if someone wants to manipulate the process of front-running, they must purchase a large number of "lottery tickets" in a block (ideally at least 20) to attempt to occupy the top and bottom of the 10 transactions from 0-9, which would be a very expensive "bet."
At the same time, the developers of the Analysoor protocol also reserve the possibility of making slight random changes to the judgment logic in future minting activities, and the relevant information will be disclosed and open for user verification after each minting activity ends. The core purpose is still to prevent bots from finding ways to disrupt the market in a long-term fixed pattern, further reducing the possibility of fairness being compromised.
In addition, in the Analysoor protocol, the costs generated by all users participating in minting will neither flow to miners as gas fees nor to the developers' wallets. These fees will all be used to nourish the inscriptions projects minted by investors themselves.
For example, in the minting process of $ZERO, all generated fees are added to the AMM pool to provide liquidity; and in the minting of Index ONE NFT, all received fees are used to support the floor price of ONE, allowing holders to sell ONE at a minimum price of 2.5 Sol forever. This method successfully prevents liquidity from flowing out of the inscription ecosystem, and the generated income will attract investors to reinvest, nourishing the ecosystem protocol and forming a positive cycle.
3.3 Has Analysoor's Fair Launch Model Been Effective?
In this section, we will use the statistical data from the minting process of $ZERO to analyze whether Analysoor's Fair Launch model has truly achieved fair distribution.
According to the minting statistics, a total of 4914 addresses participated in the minting of $ZERO, with 2654 completing at least 1 successful minting, accounting for 54%. There were a total of 113,244 minting attempts, and the calculated weighted average win rate was 9.27%. Now, we will plot the participants' individual attempts and win rates in a scatter plot.
From this graph, we can see that under Analysoor's Fair Launch model, as the number of attempts increases, the distribution of winning percentages remains relatively flat, with no significant increase. Instead, "lucky winners" often appear among participants with fewer attempts, and the more attempts, the closer their win rate will be to the weighted average win rate.
From this box plot, we can further see the distribution of participants' win rates, with the third quartile (Q3) number being approximately 13.04%, indicating that 75% of participants have win rates below this number. Combined with the previous scatter plot, we can easily see that the remaining 25% of participants are those "lucky winners" with fewer attempts, which is a normal phenomenon in a lottery mechanism and does not affect the expected fair distribution results.
At the same time, the linear regression results indicate that the coefficient of the number of attempts is -0.0056, and the p-value of 0.162 also means that we cannot reject the null hypothesis, thus proving once again that there is no significant linear relationship between the win rate and the number of attempts.
In summary, the method of suppressing other participants by increasing costs and relying on the amount of funds is not applicable in Analysoor's Fair Launch model. Participants do not need to worry that the size of their funds will affect the fairness of their distribution results. This also confirms what we said earlier, that Fair Launch gives retail investors and whales the same starting line, and no indicators of unfair behavior were observed during the minting process of $ZERO.
3.4 How Will Machine Learning and AI Algorithms Help Address Potential Risks?
Thanks to Solana's high throughput and block generation speed, using the block's hash value as a random number generator and selecting a winner in each block has brought us an exciting level of fairness. However, this is not without risks. In the minting of Index ONE NFT, we saw that the transaction volume on the Solana chain reached an average of about 7,000 transactions per minute, approximately 120 TPS, and this was only from this one minting event.
With the significant increase in demand for Fair Launch in the future and the substantial increase in on-chain minting activities, high loads are likely to cause individual blocks to be unable to effectively accommodate all minting, thereby disrupting the minting process. More importantly, this will cause the fair lottery mechanism implemented using block hash values to fail, limiting the potential widespread adoption of Analysoor's Fair Launch.
Therefore, finding other potential alternative solutions becomes an important issue to consider. Machine learning and AI algorithms offer new solutions and directions for addressing this risk.
Pland proposed that the classification method in AI algorithms is a worthwhile approach. Specifically, AI will be trained using Solana's complete historical data to judge whether each address belongs to compliant participants or holders based on their activities in the secondary market. In this process, multiple data oracles providing the same proof will be used in the system to help AI assign a weight to these addresses based on factors such as transaction frequency, transaction volume, market influence, and asset size.
In simple terms, we will rely on AI algorithms to set thresholds to filter out suspicious bot addresses (similar to filtering out spam emails). The height of the threshold will be chosen by each token deployer, and the lottery method will change from "drawing once per block" to "drawing all winners at once from a larger pool."
Unlike the existing mechanism, in the new solution, liquidity guidance will no longer be a necessary condition. Therefore, we are likely to see that after the winning results are announced, only the winners will need to pay the participation fee, and the fees of non-winners can be fully refunded. However, the specific adoption plan can be continuously adjusted and changed based on market conditions and demand.
This approach will drive Analysoor towards true decentralization, solve the potential issue of Solana block overload, and provide a foundation for the widespread adoption of Analysoor. As a Launchpad service provider, diversified deployment options and flexibility will allow deployers to customize TGE based on their own and market needs, greatly enhancing Analysoor's attractiveness to issuers.
However, there are still some key issues that we need to continue to pay attention to. For example, the biggest challenge of this mechanism is how to ensure that the process of calculating weights can comprehensively consider various factors while ensuring fairness. If the threshold is set too low, bots may increase their winning rate by using a large number of addresses to enter the prize pool. If the threshold is set too high, it may ultimately create a whitelist effect, also violating the core principle of fairness. Another aspect that needs to be clarified is whether the weight calculated by the algorithm will affect the winning rate of the address, which may lead to widespread discussions about fairness among users. In addition, the risk of hackers maliciously attacking oracles is also a factor that must be considered.
If these issues can truly be resolved, then we will have ample reason to believe that Analysoor is writing a new chapter in the history of on-chain token issuance, and is likely to achieve significant value appreciation in the future. Therefore, we are very much looking forward to seeing what specific implementation plans Analysoor will propose in these areas.
Fourth, Tokenomics
4.1 ZERO
$ZERO is the first token issued by Analysoor using the Fair Launch model and is also its only SPL Token (Solana's on-chain smart contract token), with a total supply of 21 million tokens, of which 10.5 million tokens (50%) were provided to winning minters, and another 10.5 million tokens (50%) were used to create liquidity on AMM. There is no team allocation, private placement, or presale.
98% of the LP Tokens in the AMM will be locked until April 20, 2026, and the generated income will be automatically reinvested in the AMM to further expand liquidity. The minting rights of $ZERO have been relinquished, and there will be no future issuance.
During the minting process of $ZERO, a total of 8847.3 SOL in minting fees were generated, and all fees were deposited into the AMM on Metaora.
Currently, according to Metaora data, the TVL of the SOL and ZERO trading pair in the AMM pool has reached 9.32M, making it the highest TVL AMM pool on Metaora.
In terms of market value, the current market value of $ZERO is 38.01M (current price $1.81). Considering that Analysoor is the pioneer of the Fair Launch mechanism on the Solana chain, coupled with its strong vision for future development and the potential increase in market demand for Fair Launch, we have reason to believe that its market value is still undervalued.
4.2 Holdings
According to Solscan data, there are currently 10 addresses holding more than 1% of $ZERO on-chain, totaling 32.4%, with the remaining addresses holding 67.6%. Among them, developer Pland holds 1.69% of the tokens as the fourth largest holding address.
4.3 Value Capture
$ZERO currently does not have a clear and definite empowerment plan. In Analysoor's third deployment event, which was also the minting event for the first community MEME token $WHEN, participants were required to pay 1 $ZERO and 0.05 $SOL for each minting attempt.
However, this is not a long-term definite empowerment for $ZERO. All fees generated from this minting will be stored in a wallet with the aim of raising enough liquidity for its future listing on the three major centralized exchanges. This gives community members and holders a certain expectation for future listings, but the long-term application scenario for $ZERO is still unclear.
4.4 Index ONE NFT
Index ONE is the first NFT issued on Analysoor, with a total of 10,002 tokens, of which 2 tokens are rare NFTs that were not deployed, and the remaining 10,000 tokens had 9,708 successfully minted. To ensure fairness, the remaining 292 tokens will be burned.
During the minting of ONE, approximately 25,000 addresses participated in minting, resulting in 536,136 minting attempts and generating approximately 26,000 SOL in minting fees. The average success rate of minting was about 2%.
From this statistical data, we can see that even the addresses with the most minting attempts did not significantly exceed the average success rate of 2%, once again demonstrating that the size of funds cannot create a significant competitive advantage in this Fair Launch mechanism, leading to the occurrence of unfairness. It is worth noting that the reason why not all 10,000 NFTs were fully minted is because towards the end of the minting process, there were as many as 110-130 minting requests in each block, leading the project team to suspect the presence of bots, and thus the minting process was ended early to prevent fairness from being compromised.
Out of all the minting fees generated, 5,000 SOL was used as floor price protection in four NFT markets. This protection mechanism ensures that the price of ONE will never fall below 2.5 SOL. If someone triggers this protection mechanism and sells ONE at this price, the token will be burned and not re-enter the market. Additionally, 21,000 SOL was staked at a 7.3% APY, with assets worth $100,000 being withdrawn to pay the art designer of the ONE NFT, and the use of the remaining staking rewards has not been decided yet, but it is speculated that the rewards may be used to increase the floor price protection.
Currently, ONE can be used for NFT lending on Pionex and will be listed on more similar platforms. The final design of the ONE NFT will be decided by community vote, with the goal of creating NFTs similar to or even better than Bitmap and Solmap. For comparison, Bitmap currently has a market value of about 254M, Solmap has a market value of about 15M, while the current market value of ONE is only about 6.6M.
4.5 A Misconception
When trading Index ONE in the NFT market, we may see the rarity as shown in the image, and we may find that the prices of highly rare ONE tokens are significantly higher than those with lower rarity.
However, developer Pland has stated in the community that this rarity is just a bug and does not represent the true rarity. The true rarity lies in only 2 out of the 10,002 ONE tokens.
We cannot completely rule out the possibility that the developers may reconsider designing based on this rarity in the future. But at least for now, investors need to be aware of this when making investment decisions.
4.6 Value Capture
Similar to $ZERO, ONE NFT currently does not have a clear and definite empowerment plan. In the minting event of the community MEME token $WHEN, ONE NFT holders will share 3% of the total supply of $WHEN as airdrop rewards.
Similarly, this is not a long-term definite empowerment for ONE NFT. Analysoor will not require other projects using its launchpad to airdrop to ONE holders in the future, as this is believed to significantly reduce the number of potential projects, which is not conducive to the long-term development of Analysoor.
In terms of overall market value, we have compared the market values of Analysoor with three other mainstream Launchpad Services, and it is evident that Analysoor's current market value still has a very optimistic upward potential.
In conclusion, although the long-term empowerment of $ZERO and ONE has not been decided, the developer has clearly stated that they are trying to find a solution that allows $ZERO and ONE to profit together without affecting the protocol's long-term development.
What we can currently confirm is that $ZERO and Index ONE will both be the only two tokens associated with the ecosystem value of Analysoor in the long term, and they are the "totems" of the Fair Launch model on the Solana chain. This provides us with the motivation to become early holders and anticipate significant value appreciation in the future, with the core value support still coming from the market's future demand for the Fair Launch mechanism.
Fifth, Future Development Plans
Developer Pland has stated in the community that before allowing more projects to start using Analysoor for token deployment, he will first focus on establishing a better legal structure, including creating a public verification channel for minting on-chain.
At the same time, he will carry out community building for the first community MEME token $WHEN and the artistic creation process of Index ONE NFT, and further improve the Analysoor website to enhance its user-friendliness for new users.
Most importantly, the development team will continue to make efforts to combat bots, including but not limited to using AI technology, to maintain a long-term stable Fair Launch mechanism.
In the future, we may see Analysoor collaborating with more Solana ecosystem projects to jointly maintain fairness and bring its Fair Mode to more tracks, rather than just as a Launchpad for MEME tokens and NFTs.
Outlook: How Will the Fair Launch Mechanism Change the Market?
As the market's demand for fairness and transparency continues to grow, Fair Launch will become a more popular choice. Especially in the cryptocurrency market, people are increasingly focused on the values of decentralization and equal participation, which Fair Launch aligns with.
Furthermore, as regulatory environments mature, the Fair Launch approach may be seen as a more compliant way of launching. Fair Launch has several key features and advantages:
[Source: https://www.tensor.trade/trade/one]
When trading Index ONE in the NFT market, we may see the rarity as shown in the image, and we may find that the prices of highly rare ONE tokens are significantly higher than those with lower rarity.
However, developer Pland has stated in the community that this rarity is just a bug and does not represent the true rarity. The true rarity lies in only 2 out of the 10,002 ONE tokens.
We cannot completely rule out the possibility that the developers may reconsider designing based on this rarity in the future. But at least for now, investors need to be aware of this when making investment decisions.
4.6 Value Capture
Similar to $ZERO, ONE NFT currently does not have a clear and definite empowerment plan. In the minting event of the community MEME token $WHEN, ONE NFT holders will share 3% of the total supply of $WHEN as airdrop rewards.
Similarly, this is not a long-term definite empowerment for ONE NFT. Analysoor will not require other projects using its launchpad to airdrop to ONE holders in the future, as this is believed to significantly reduce the number of potential projects, which is not conducive to the long-term development of Analysoor.
In terms of overall market value, we have compared the market values of Analysoor with three other mainstream Launchpad Services, and it is evident that Analysoor's current market value still has a very optimistic upward potential.
In conclusion, although the long-term empowerment of $ZERO and ONE has not been decided, the developer has clearly stated that they are trying to find a solution that allows $ZERO and ONE to profit together without affecting the protocol's long-term development.
What we can currently confirm is that $ZERO and Index ONE will both be the only two tokens associated with the ecosystem value of Analysoor in the long term, and they are the "totems" of the Fair Launch model on the Solana chain. This provides us with the motivation to become early holders and anticipate significant value appreciation in the future, with the core value support still coming from the market's future demand for the Fair Launch mechanism.
Fifth, Future Development Plans
Developer Pland has stated in the community that before allowing more projects to start using Analysoor for token deployment, he will first focus on establishing a better legal structure, including creating a public verification channel for minting on-chain.
At the same time, he will carry out community building for the first community MEME token $WHEN and the artistic creation process of Index ONE NFT, and further improve the Analysoor website to enhance its user-friendliness for new users.
Most importantly, the development team will continue to make efforts to combat bots, including but not limited to using AI technology, to maintain a long-term stable Fair Launch mechanism.
In the future, we may see Analysoor collaborating with more Solana ecosystem projects to jointly maintain fairness and bring its Fair Mode to more tracks, rather than just as a Launchpad for MEME tokens and NFTs.
Outlook: How Will the Fair Launch Mechanism Change the Market?
As the market's demand for fairness and transparency continues to grow, Fair Launch will become a more popular choice. Especially in the cryptocurrency market, people are increasingly focused on the values of decentralization and equal participation, which Fair Launch aligns with.
Furthermore, as regulatory environments mature, the Fair Launch approach may be seen as a more compliant way of launching. Fair Launch has several key features and advantages:
- It provides a level playing field for all participants, regardless of their financial resources.
- It promotes transparency and trust by allowing anyone to participate in the token issuance process.
- It aligns with the values of decentralization and community governance, which are increasingly important in the cryptocurrency space.
Overall, the Fair Launch mechanism has the potential to bring about a significant shift in the market by promoting fairness, transparency, and equal opportunity for all participants.
Fairness and Equal Opportunity: The core of Fair Launch is to provide equal opportunities for all participants, regardless of their background or financial resources. This approach increases the overall inclusivity of projects and helps to build trust and broader community adoption.
No Pre-mining or Pre-sale Tokens: In Fair Launch, all tokens are created and distributed transparently after the project's launch. This means that no individual or group has an unfair advantage of owning a large number of tokens before others. Typically, in the Fair Launch model, project owners directly add liquidity to decentralized exchanges (DEXs), allowing tokens to be tradable from the start (as Analysoor did in the $ZERO minting event).
Prevention of Price Manipulation: Fair Launch development teams continuously implement measures to prevent bots, aiming to maintain market fairness and prevent price manipulation and unfair trading practices.
Community Engagement: Fair Launch often emphasizes community participation and involvement. This may include community voting, open discussions and forums, and other ways to ensure that everyone has a voice in the project's development. This community-driven approach promotes long-term engagement, creates a loyal user base, and may lead to a more resilient and decentralized network.
Risk Reduction: By creating a fair competitive environment and involving a broader community, Fair Launch helps to reduce the overall risk associated with new cryptocurrencies or blockchain projects. This helps to prevent potential fraud or scam activities, which are significant risks for investors and users in the crypto space.
Overall, Fair Launch, as a powerful concept, is revolutionizing the cryptocurrency, blockchain, and financial sectors. By promoting equality, transparency, and community participation, Fair Launch is redefining the distribution of cryptocurrencies and tokens, effectively avoiding the concentration of wealth and power, and promoting the growth of decentralized networks. As the industry continues to evolve, both projects and investors need to embrace the principles of Fair Launch.
As market participants increasingly value fairness and transparency, we expect Fair Launch to become more popular in the future. As the pioneer of Fair Launch on the Solana chain, Analysoor has reason to believe that it will benefit from the development of the entire ecosystem and the expanding demand in the future.
If you are a fan of NFTs and are tired of being endlessly involved in the "gas fee war" in the frenzy of NFTs, Analysoor's Fair Launch mechanism will be a golden opportunity that you definitely want to try, especially if you want to participate in the market fairly.
VI. Conclusion and Risk Warning
In summary, we can summarize the main advantages and risks of Analysoor as follows.
Advantages:
- Analysoor has a strong vision and narrative, bringing new dimensions and possibilities to NFT minting and token distribution in the Solana ecosystem. This forward-thinking initiative will greatly meet the needs of investors and the market.
- Considering that multiple projects have already adopted this mechanism, we believe that Analysoor can leverage its first-mover advantage to develop and integrate various innovative forms of Fair Launch. This will provide more diverse TGE options for project deployers and participants in the future, ultimately making Analysoor a multi-functional Launchpad on Solana.
- Analysoor's approach reflects a commitment to innovation and adaptation to changing market trends and user needs, which helps to build a stronger community and enhance the resilience of its ecosystem.
- The Analysoor protocol is still in its early stages, and the value of its tokens $ZERO and NFT ONE is currently undervalued, providing good odds for investors. Additionally, the idea of empowering $ZERO and ONE together provides holders with greater imagination for the future.
Risks:
- The Fair Launch model does not guarantee the success or feasibility of projects; it only provides a fair starting point. Ensuring true fairness and transparency may be challenging, and the process may still be susceptible to manipulation by individuals with more resources or technical expertise, including but not limited to smart contract vulnerabilities, hacking attacks, or other security issues.
- Analysoor's current level of decentralization is still lacking, and its developers still have ultimate decision-making power.
- As Analysoor moves towards open source, there is a possibility of its innovative Fair Launch mechanism being imitated. Considering the relatively small size of the Analysoor team and its limited funding, if larger teams imitate it, the greater resources and stronger development teams may have a certain impact on Analysoor's influence.
Overall, we still have a strong positive outlook for Analysoor's Fair Launch model and its future development, and we look forward to Analysoor becoming a leading project in Fair Launch and Launchpad on Solana, ultimately leading the entire crypto industry's revolution.
References:
[1] https://blog.ordinalhub.com/how-1-man-singlehandedly-cause-the-bitcoin-ordinals-bear-market/
[2] https://twitter.com/analysoor?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
[3] https://dune.com/cryptokoryo/brc20?ref=blog.ordinalhub.com
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