TL;DR
Since the beginning of 2023, the popularity of blockchain inscriptions, represented by the Ordinals protocol and its derivatives, has soared in the crypto market. However, the frenzy in this market has brought about an increasing demand for more efficient blockchain functionalities, lower gas fees, reduced operational complexity, and fairer market participation.
At this opportune moment, the Solana ecosystem has undergone an impressive rebound. Driven by diverse innovative projects and a robust ecosystem, Solana is poised to once again become one of the hottest contenders in the bull market. Its characteristics of high throughput and low-latency transactions are particularly crucial for the inscription and NFT markets. As of December 17, 2023, the total number of inscriptions on the Solana blockchain has surpassed one million.
Analysoor has fully leveraged the characteristics of the Solana ecosystem to develop an innovative Fair Launch mechanism. It aims to address fairness issues in traditional mechanisms and promises to bring about a significant transformation in the inscription and NFT markets.
Analysoor Protocol is an innovative inscription and NFT minting protocol on the Solana blockchain, serving as the first Meta Protocol within the Solana ecosystem. It ingeniously combines the high throughput, low transaction costs, and rapid transaction confirmation features of the Solana ecosystem with the essence of the Ordinals protocol, creating a “blockchain lottery” minting mechanism with a gamified nature.
The core value of Analysoor lies in addressing the issues of fair distribution and liquidity guidance during the inscription and NFT minting process. By utilizing the Fair Launch mechanism, it effectively filters out bots and “scientists,” creating a completely fair, transparent, and user-friendly minting environment with lower barriers and easier operations for passionate participants.
When other developers utilize Analysoor for minting and distribution activities, the Fair Launch mechanism will attract a large number of genuine users to actively participate. These users will generate considerable attention and discussion around the minting targets in a short period, facilitating the rapid formation of community consensus. Under the Fair Launch mechanism, whether you are a whale with substantial funds or a retail newcomer, everyone starts from the same starting line, providing equal opportunities to earn profits. The more decentralized and equitable distribution results further enhance the community’s influence.
We have ample reason to believe that Analysoor is ushering in a massive disruptive wave in the realm of public chain inscription protocols. We anticipate it to become a revolutionary leader and flagship project in the Solana ecosystem’s inscription and NFT minting launchpad.
Analysoor is still in its early stages, and the protocol and ecosystem hold significant imaginative space and development potential. As of now, the protocol has not undergone fundraising activities, and there are no related plans in place.
Analysoor was founded by @Pland__, a data scientist and engineer with excellent technical skills and innovative thinking. Once Analysoor was launched, it aroused widespread discussion in the encryption community and attracted the interest of a large number of users. Moreover, Pland has previously expressed in the community that, leveraging his background in Data Science, he is attempting to integrate more elements of AI algorithms into the protocol to continuously enhance and innovate it further. This has also raised the community’s expectations for the future development of Analysoor.
Despite investing a significant amount of time and effort into the construction and innovation of the protocol, Pland has equally devoted substantial efforts to community development. Pland engages actively with participants in the community on a daily basis, seeking feedback and addressing inquiries from community users. This active communication is crucial for maintaining community vitality and building consensus. Simultaneously, Pland has established discussion channels in different languages within the DC community, such as Chinese, Japanese, Korean, French, etc. This not only prevents misunderstandings of the project due to language barriers but also provides a platform for members of the same language group to engage in discussions. This facilitates the spread of the protocol within a more diverse and multilingual community.
As of the date of this writing, according to data from Solscan on-chain, there are 7,866 holders of the protocol token $ZERO. Within 48 hours of opening the protocol DC community, the number of community users has already surpassed 500 and continues to rise (entry into the community requires holding at least 100 $ZERO tokens or 1 Index ONE NFT).
The developer currently charges a 2.5% royalty fee from the Index ONE NFT project, and 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 holder address on the chain, totaling around 355,000 tokens). He has repeatedly expressed that his goal is always the long-term development of the protocol rather than seeking short-term gains as a rug pull.
On October 3, 2023, an individual named Rijndael, utilizing the “first-come, first-served” nature of the BRC-20 and the transparent nature of most Bitcoin transactions on Twitter, introduced the BRC-20 sniping bot named Sophon. This bot monitored transactions deploying tokens on the BRC-20, then proceeded to front-run these transactions by increasing gas fees. Through this method, Rijndael reliably outpaced other BRC-20 token deployment transactions in the blocks, making his transactions the “official” ones. Simultaneously, this granted him the power to alter the total token supply and maximum minting amounts.
Subsequently, Rijndael decided to set the supply of each token deployed by Sophon to 1, implying that each token would have only one owner, effectively halting the development of the tokens.
As shown in the figure, after the deployment of Sophon, the overall on-chain BRC-20 token minting activities experienced a sharp decline, dwindling to a few or even close to zero transactions per day. Subsequently, as Sophon’s funds were depleted, the activity levels returned to the previous highs. According to the data disclosed by Rijndael afterward, Sophon only cost 0.0129 bitcoins to achieve a 75% success rate in frontrunning transactions. It can be said that he single-handedly created a brief “bear market” scenario in the thriving BRC-20 token minting market.
Although Rijndael has demonstrated that this event was more of a stress test and experiment rather than an attempt to disrupt the ecosystem, this incident still serves as a warning –– what would happen if multiple Sophons coexisted? Do we still have the opportunity to participate in the market? At the very least, when a few individuals can dominate the entire market through technical means or capital advantages, the interests of ordinary investors cannot be guaranteed.
Through Analysoor’s Fair Launch mechanism, users will no longer need to engage in frantic bidding by significantly increasing GAS fees, as is common in other traditional minting models. Instead, the cost for each user’s participation in minting is fixed. When users participate in minting, it can be understood as purchasing a “block lottery.” Subsequently, the hash value randomly generated by the block will serve as the criterion to determine which transaction (lottery) in that block will be the winning transaction (the winner).
In summary, the first digit in the block’s hash value will be considered the winning number, and the parity of the numerical combination in the hash value will be used as the basis for determining the counting order (in most cases, each block’s hash value will contain at least one digit). Therefore, the logic for determining the winner can be divided into two scenarios. Here are examples of these two scenarios.
This logic creates a two-tier security protection measure for the minting allocation process. In this mechanism, if someone attempts to manipulate the fair launch process, they would need to purchase a large number of “lottery tickets” within a single block (ideally at least 20) in an attempt to occupy both the top and bottom positions of the 10 transactions from 0 to 9. This would become a very costly “bet.”
At the same time, the developers of the Analysoor protocol also reserve the possibility of making subtle random changes to the judgment logic in future minting activities. Relevant information will be disclosed after each minting activity and will be open for user verification. The core purpose remains to prevent robots from finding ways to disrupt the market in long-term fixed patterns, further reducing the possibility of fairness being compromised.
Additionally, in the Analysoor protocol, all costs incurred by users in the minting process are neither directed as GAS fees to miners nor to the developer’s wallet. These fees will be entirely used to support the specific inscription projects minted by investors. For example, in the minting process of $ZERO, all generated fees are added to the AMM pool to provide liquidity. In the minting of Index ONE NFT, all received fees are used to support the floor price of ONE, and holders will always be able to sell ONE at a minimum price of 2.5 Sol. This approach successfully prevents liquidity from flowing out of the inscription ecosystem, and the generated revenue will attract investors for reinvestment, contributing to the positive feedback loop of the ecosystem.
In this section, we will use statistics from the $ZERO minting process to analyze whether Analysoor’s Fair Launch model truly achieves fair distribution.
According to new statistics, a total of 4914 addresses participated in this $ZERO minting, of which 2654 completed at least one successful minting, accounting for 54%. A total of 113,244 casting attempts were calculated, resulting in a weighted average win rate of 9.27%. Now we put the respective number of attempts and win rates for all participants into 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 and does not increase significantly. On the contrary, the “lucky ones” tend to appear among participants with a low number of attempts. The more attempts they make, the closer their winning rate will be to the weighted average winning rate.
From this box plot, we can also further see the distribution of participants’ winning rates. The third quartile (Q3) number is approximately 13.04%, indicating that 75% of participants have a winning rate lower than this number. Combined with the previous scatter chart, it is not difficult to find that the other 25% of participants are the “lucky ones” who participate less often. This is a very normal phenomenon in the lottery mechanism and does not give us the fair distribution we expected. The results have an impact.
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 fails to reject the null hypothesis. Therefore, this result once again demonstrates that there is no significant linear relationship between the winning 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 mentioned earlier: Fair Launch provides both retail investors and whales with the same starting line, and there are no indicators during the $ZERO minting process suggesting any behavior that undermines fairness.
Thanks to Solana’s high throughput and block speed, using the block hash as a random number generator and picking a winner in each block brings us exciting fairness. However, this is not without its pitfalls. During the minting of the Index ONE NFT, we saw the transaction volume on the Solana chain reach an average of about 7,000 transactions per minute, approximately 120 TPS, and that was just from this one minting event.
As the demand for Fair Launch increases significantly in the future and the minting activity on the chain increases significantly, the high load is likely to cause a single block to be unable to effectively accommodate all the minting, thereby preventing the minting process from proceeding smoothly. More importantly, this will lead to the failure of the fair lottery mechanism achieved by utilizing block hash values, limiting the possibility of Analysoor’s Fair Launch being widely adopted.
Therefore, looking for other potential alternatives has become an important issue worth thinking about. Machine learning and AI algorithms propose new solutions and directions for this risk.
Pland proposed that the classification method in AI algorithms is a worthwhile solution. The specific approach involves training AI using complete historical data from Solana, enabling it to determine whether each address qualifies as a participant or holder based on its activities in the secondary market. In this process, multiple data oracles providing similar evidence will be used in the system to assist AI in assigning a weight to these addresses as filtering criteria based on factors such as trading frequency, transaction volume, market impact, asset size, and other potential considerations.
To put it simply, we will rely on AI algorithms to set thresholds to filter suspicious bot addresses (similar to filtering spam emails). The level of the threshold will be selected by different token deployers each time, and the lottery method will be from “Draw once per block” changes to “draw all winners from a larger pool at once.”
Unlike the existing mechanism, liquidity guidance will no longer be a necessary condition in the new scheme. Therefore, we are likely to see that when the lottery results are announced, only the winners will need to pay the participation fee, and the fees of the participants who did not win will be fully refunded. However, the specific adoption plan can be continuously adjusted and changed according to market conditions and needs.
This approach will push Analysoor towards true decentralization and solve the problem of potential Solana block overload, providing a foundation for widespread adoption of Analysoor. Moreover, as a Launchpad service provider, diversified deployment options and flexibility will allow deployers to customize TGE on the basis of Fair Launch according to their own and market needs, greatly enhancing Analysoor’s appeal to currency issuers.
However, there are still some critical issues that are worth keeping an eye on in the future. For instance, the biggest challenge of this mechanism lies in how to ensure a comprehensive consideration of various factors in calculating weights while maintaining fairness. If the threshold is set too low, bots may potentially increase their chances of winning by using a large number of addresses to enter the pool. On the other hand, if the threshold is set too high, it might lead to an effect similar to a whitelist, contradicting the core principle of fairness. Another aspect that needs clarification is whether the algorithmically calculated weights will impact the winning probability of an address, which could spark widespread discussions on fairness among users. Additionally, the risk of malicious activities by hackers attacking the oracle is also a factor that must be considered.
If these issues can be effectively addressed, we will have sufficient reason to believe that Analysoor is rewriting a new chapter in on-chain token issuance models, with the potential for significant value appreciation in the future. Therefore, we are eagerly looking forward to seeing the specific implementation plans that Analysoor will propose in these areas.
$ZERO is the first token issued by Analysoor using the Fair Launch model, and it is also its only SPL Token (Smart Contract Token on the Solana blockchain). The total supply is 21 million, with 10.5 million (50%) provided to winning minters and another 10.5 million (50%) used to create liquidity on AMM. There is no team allocation, private sale, or presale. 98% of LP Tokens in the AMM will be locked until April 20, 2026, with generated earnings automatically reinvested in the AMM to further expand liquidity. The minting rights for $ZERO have been relinquished, and there will be no future issuance.
During the minting process of $ZERO, a total of 8,847.3 SOL in minting fees were generated, and all fees were placed into the AMM on Metaora.
Currently, according to Metaora data, the total value locked (TVL) in the SOL/ZERO trading pair on the AMM pool has reached 9.32 million, making it the highest TVL AMM pool on Metaora.
In terms of market capitalization, the current market cap of $ZERO is 38.01 million (at the current price of $1.81). Considering that Analysoor is the pioneer of the Fair Launch mechanism on the Solana blockchain, 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 cap is still undervalued.
According to Solscan data, there are currently 10 addresses holding more than 1% of $ZERO, totaling 32.4% of the supply. The remaining addresses hold 67.6% of the tokens. Among them, the developer Pland holds 1.69% of the tokens, making him the fourth-largest holder.
$ZERO’s current utility and value capture mechanisms are not clearly defined. In Analysoor’s third deployment event, which was also the first community MEME token $WHEN minting event, participants were required to pay 1 $ZERO and 0.05 $SOL for each minting attempt.
However, this is not a long-term utility plan for $ZERO. All $ZERO fees generated from this minting will be stored in a wallet with the goal of accumulating enough liquidity for its future listing on three major centralized exchanges. This introduces some anticipation for future developments among community members and holders, but the long-term use cases for $ZERO are currently unclear.
Index ONE is the first NFT issued on Analysoor, with a total of 10,002 units. Two units are rare NFTs that were not part of the deployment, leaving 10,000 units available for minting. Of these, 9,708 units were successfully minted, and to ensure fairness, the remaining 292 units will be burned.
During the minting of ONE, approximately 25,000 addresses participated in the minting process, resulting in 536,136 minting attempts and generating around 26,000 $SOL in minting fees. The average success rate for minting was approximately 2%.
From this statistical data, we can see that even for those addresses with the highest number of attempts in this minting, their success rates are not significantly higher than the average success rate of 2%. This once again indicates that the capital size cannot create a significant competitive advantage under this Fair Launch mechanism, preventing the emergence of unfair practices. It is worth noting that the reason why all 10,000 NFTs were not fully minted is that towards the end of the minting process, there were as many as 110–130 minting requests per block. This raised concerns among the project team about the potential presence of bots, leading to the decision to end the minting process early to prevent any compromise of fairness.
Out of all generated minting fees, 5,000 $SOL were used as a 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 ONE token will be burned and not re-enter the market. Additionally, 21,000 $SOL were staked with a 7.3% APY, and assets worth $100,000 were withdrawn to pay the artist designing the ONE NFT. The purpose of the remaining staking income has not been determined yet, and one possible speculation is that it might be used to enhance the floor price protection.
Currently, ONE can be used for NFT lending on Banx and will be available on more similar platforms. The final design of ONE NFT will be decided by community voting, with the goal of creating an NFT that is similar or even better than Bitmap and Solmap. For comparison, Bitmap’s current market value is approximately 254M, Solmap’s market value is approximately 15M, and ONE’s current market value is only approximately 6.6M.
Source:https://www.tensor.trade/trade/one
When we trade Index ONE in the NFT market, we may see the rarity as shown in the picture, and we may find that the price of some ONEs with high rarity will be significantly higher than those with low rarity.
However, developer Plan stated in the community that this rarity is just a bug and not a true rarity, and the true rarity is only 2 of 10,002 ONEs.
We can’t completely rule out the possibility that developers may reconsider designing for this rarity in the future. But at least for now, investors need to clearly understand this when buying before making an investment decision.
Similar to $ZERO, ONE NFT currently has no clear conclusion on empowerment. In the minting event of the community MEME coin $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 of ONE NFT. Analysoor will not force other projects using the launchpad to issue airdrops to ONE holders in the future, because this is considered to significantly reduce the number of potential project parties, which is unconducive to the long-term development of Analysoor.
In terms of overall market value, we selected the market value of three other currently mainstream Launchpad Services to compare with Analysoor. It can also be seen that Analysoor’s current market value still has very optimistic room for growth.
In summary, although the long-term empowerment of $ZERO and ONE has not been decided yet, the developers explicitly state that they are actively seeking solutions that allow $ZERO and ONE to collaborate and profit without compromising the protocol’s long-term development. What we can currently ascertain is that $ZERO and Index ONE will both serve as the only two tokens associated with the ecosystem value of Analysoor in the long term. They are also considered the pioneering “totems” of the Fair Launch model on the Solana blockchain. This provides motivation for early holders, anticipating substantial value appreciation in the future. The core value support will continue to come from the market’s increasing demand for the Fair Launch mechanism.
Developer Pland has expressed in the community that, before allowing more projects to deploy tokens using Analysoor, he will focus on establishing a better legal structure. This includes creating on-chain public verification channels for the minting process. Simultaneously, he will engage in community building for the first community MEME token $WHEN and the artistic creation process of Index ONE NFT. Additionally, efforts will be directed towards further refining the Analysoor website to enhance its user-friendliness for new users. Importantly, the development team will persist in their efforts to combat bots, employing AI technology among other measures, to maintain a long-term and stable Fair Launch mechanism.
In the future, we may witness Analysoor collaborating with more Solana ecosystem projects. This collaboration aims not only to collectively uphold fairness but also to extend its Fair Mode to diverse tracks beyond just serving as a Launchpad for MEME coins and NFTs.
Outlook – How will the Fair Launch mechanism change the market?
As the market’s demand for fairness and transparency grows, Fair Launch will become an even more popular choice. In the cryptocurrency market in particular, there is a growing focus on the value of decentralization and equal participation, and Fair Launch aligns with these values. Additionally, as the regulatory environment matures, the Fair Launch approach may be viewed as a more compliant launch method. Fair Launch has the following most critical features and advantages:
Overall Fair Launch is a powerful concept that is revolutionizing the world of cryptocurrency, blockchain, and finance. By promoting equality, transparency and community engagement, Fair Launch redefines how cryptocurrencies and tokens are distributed, effectively avoiding the concentration of wealth and power and will facilitate the growth of decentralized networks. As the industry continues to evolve, projects and investors alike need to embrace the principles of Fair Launch.
As market participants increasingly value fairness and transparency, we anticipate that Fair Launch will become more popular in the future. As the pioneer of Fair Launch on the Solana blockchain, Analysoor is poised to benefit from the growth and expanding demand of the entire ecosystem.
If you are a enthusiast of tokens and NFTs, and you desire fair participation in the market, while also feeling weary of being incessantly dragged into the “war” of GAS fees amid the frenzied token trend, then Analysoor’s Fair Launch mechanism is undoubtedly a prospect you would want to explore.
In summary, we can outline the main advantages and risks of Analysoor as follows.
Overall, we still hold a strong positive outlook on Analysoor’s Fair Launch model and its future development. We look forward to Analysoor becoming a leading project in the Solana ecosystem for Fair Launch and Launchpad, ultimately spearheading a revolutionary transformation in the entire cryptocurrency industry.
https://blog.ordinalhub.com/how-1-man-singlehandedly-cause-the-bitcoin-ordinals-bear-market/
https://twitter.com/analysoor?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
https://dune.com/cryptokoryo/brc20?ref=blog.ordinalhub.com
This report was authored by @0xmarkyzl, a student at @GryphsisAcademy, under the guidance of @CryptoScott_ETH and @Zou_Block. The author takes full responsibility for all content, which may not necessarily reflect the views of Gryphsis Academy or the organization commissioning the report. Editorial content and decisions are not influenced by readers. Please be aware that the author may own the cryptocurrencies mentioned in this report. This document is for informational purposes only and should not be considered as a basis for investment decisions. It is strongly recommended that you conduct your own research and consult with independent financial, tax, or legal advisors before making any investment decisions. Keep in mind that the past performance of any asset does not guarantee future returns.
TL;DR
Since the beginning of 2023, the popularity of blockchain inscriptions, represented by the Ordinals protocol and its derivatives, has soared in the crypto market. However, the frenzy in this market has brought about an increasing demand for more efficient blockchain functionalities, lower gas fees, reduced operational complexity, and fairer market participation.
At this opportune moment, the Solana ecosystem has undergone an impressive rebound. Driven by diverse innovative projects and a robust ecosystem, Solana is poised to once again become one of the hottest contenders in the bull market. Its characteristics of high throughput and low-latency transactions are particularly crucial for the inscription and NFT markets. As of December 17, 2023, the total number of inscriptions on the Solana blockchain has surpassed one million.
Analysoor has fully leveraged the characteristics of the Solana ecosystem to develop an innovative Fair Launch mechanism. It aims to address fairness issues in traditional mechanisms and promises to bring about a significant transformation in the inscription and NFT markets.
Analysoor Protocol is an innovative inscription and NFT minting protocol on the Solana blockchain, serving as the first Meta Protocol within the Solana ecosystem. It ingeniously combines the high throughput, low transaction costs, and rapid transaction confirmation features of the Solana ecosystem with the essence of the Ordinals protocol, creating a “blockchain lottery” minting mechanism with a gamified nature.
The core value of Analysoor lies in addressing the issues of fair distribution and liquidity guidance during the inscription and NFT minting process. By utilizing the Fair Launch mechanism, it effectively filters out bots and “scientists,” creating a completely fair, transparent, and user-friendly minting environment with lower barriers and easier operations for passionate participants.
When other developers utilize Analysoor for minting and distribution activities, the Fair Launch mechanism will attract a large number of genuine users to actively participate. These users will generate considerable attention and discussion around the minting targets in a short period, facilitating the rapid formation of community consensus. Under the Fair Launch mechanism, whether you are a whale with substantial funds or a retail newcomer, everyone starts from the same starting line, providing equal opportunities to earn profits. The more decentralized and equitable distribution results further enhance the community’s influence.
We have ample reason to believe that Analysoor is ushering in a massive disruptive wave in the realm of public chain inscription protocols. We anticipate it to become a revolutionary leader and flagship project in the Solana ecosystem’s inscription and NFT minting launchpad.
Analysoor is still in its early stages, and the protocol and ecosystem hold significant imaginative space and development potential. As of now, the protocol has not undergone fundraising activities, and there are no related plans in place.
Analysoor was founded by @Pland__, a data scientist and engineer with excellent technical skills and innovative thinking. Once Analysoor was launched, it aroused widespread discussion in the encryption community and attracted the interest of a large number of users. Moreover, Pland has previously expressed in the community that, leveraging his background in Data Science, he is attempting to integrate more elements of AI algorithms into the protocol to continuously enhance and innovate it further. This has also raised the community’s expectations for the future development of Analysoor.
Despite investing a significant amount of time and effort into the construction and innovation of the protocol, Pland has equally devoted substantial efforts to community development. Pland engages actively with participants in the community on a daily basis, seeking feedback and addressing inquiries from community users. This active communication is crucial for maintaining community vitality and building consensus. Simultaneously, Pland has established discussion channels in different languages within the DC community, such as Chinese, Japanese, Korean, French, etc. This not only prevents misunderstandings of the project due to language barriers but also provides a platform for members of the same language group to engage in discussions. This facilitates the spread of the protocol within a more diverse and multilingual community.
As of the date of this writing, according to data from Solscan on-chain, there are 7,866 holders of the protocol token $ZERO. Within 48 hours of opening the protocol DC community, the number of community users has already surpassed 500 and continues to rise (entry into the community requires holding at least 100 $ZERO tokens or 1 Index ONE NFT).
The developer currently charges a 2.5% royalty fee from the Index ONE NFT project, and 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 holder address on the chain, totaling around 355,000 tokens). He has repeatedly expressed that his goal is always the long-term development of the protocol rather than seeking short-term gains as a rug pull.
On October 3, 2023, an individual named Rijndael, utilizing the “first-come, first-served” nature of the BRC-20 and the transparent nature of most Bitcoin transactions on Twitter, introduced the BRC-20 sniping bot named Sophon. This bot monitored transactions deploying tokens on the BRC-20, then proceeded to front-run these transactions by increasing gas fees. Through this method, Rijndael reliably outpaced other BRC-20 token deployment transactions in the blocks, making his transactions the “official” ones. Simultaneously, this granted him the power to alter the total token supply and maximum minting amounts.
Subsequently, Rijndael decided to set the supply of each token deployed by Sophon to 1, implying that each token would have only one owner, effectively halting the development of the tokens.
As shown in the figure, after the deployment of Sophon, the overall on-chain BRC-20 token minting activities experienced a sharp decline, dwindling to a few or even close to zero transactions per day. Subsequently, as Sophon’s funds were depleted, the activity levels returned to the previous highs. According to the data disclosed by Rijndael afterward, Sophon only cost 0.0129 bitcoins to achieve a 75% success rate in frontrunning transactions. It can be said that he single-handedly created a brief “bear market” scenario in the thriving BRC-20 token minting market.
Although Rijndael has demonstrated that this event was more of a stress test and experiment rather than an attempt to disrupt the ecosystem, this incident still serves as a warning –– what would happen if multiple Sophons coexisted? Do we still have the opportunity to participate in the market? At the very least, when a few individuals can dominate the entire market through technical means or capital advantages, the interests of ordinary investors cannot be guaranteed.
Through Analysoor’s Fair Launch mechanism, users will no longer need to engage in frantic bidding by significantly increasing GAS fees, as is common in other traditional minting models. Instead, the cost for each user’s participation in minting is fixed. When users participate in minting, it can be understood as purchasing a “block lottery.” Subsequently, the hash value randomly generated by the block will serve as the criterion to determine which transaction (lottery) in that block will be the winning transaction (the winner).
In summary, the first digit in the block’s hash value will be considered the winning number, and the parity of the numerical combination in the hash value will be used as the basis for determining the counting order (in most cases, each block’s hash value will contain at least one digit). Therefore, the logic for determining the winner can be divided into two scenarios. Here are examples of these two scenarios.
This logic creates a two-tier security protection measure for the minting allocation process. In this mechanism, if someone attempts to manipulate the fair launch process, they would need to purchase a large number of “lottery tickets” within a single block (ideally at least 20) in an attempt to occupy both the top and bottom positions of the 10 transactions from 0 to 9. This would become a very costly “bet.”
At the same time, the developers of the Analysoor protocol also reserve the possibility of making subtle random changes to the judgment logic in future minting activities. Relevant information will be disclosed after each minting activity and will be open for user verification. The core purpose remains to prevent robots from finding ways to disrupt the market in long-term fixed patterns, further reducing the possibility of fairness being compromised.
Additionally, in the Analysoor protocol, all costs incurred by users in the minting process are neither directed as GAS fees to miners nor to the developer’s wallet. These fees will be entirely used to support the specific inscription projects minted by investors. For example, in the minting process of $ZERO, all generated fees are added to the AMM pool to provide liquidity. In the minting of Index ONE NFT, all received fees are used to support the floor price of ONE, and holders will always be able to sell ONE at a minimum price of 2.5 Sol. This approach successfully prevents liquidity from flowing out of the inscription ecosystem, and the generated revenue will attract investors for reinvestment, contributing to the positive feedback loop of the ecosystem.
In this section, we will use statistics from the $ZERO minting process to analyze whether Analysoor’s Fair Launch model truly achieves fair distribution.
According to new statistics, a total of 4914 addresses participated in this $ZERO minting, of which 2654 completed at least one successful minting, accounting for 54%. A total of 113,244 casting attempts were calculated, resulting in a weighted average win rate of 9.27%. Now we put the respective number of attempts and win rates for all participants into 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 and does not increase significantly. On the contrary, the “lucky ones” tend to appear among participants with a low number of attempts. The more attempts they make, the closer their winning rate will be to the weighted average winning rate.
From this box plot, we can also further see the distribution of participants’ winning rates. The third quartile (Q3) number is approximately 13.04%, indicating that 75% of participants have a winning rate lower than this number. Combined with the previous scatter chart, it is not difficult to find that the other 25% of participants are the “lucky ones” who participate less often. This is a very normal phenomenon in the lottery mechanism and does not give us the fair distribution we expected. The results have an impact.
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 fails to reject the null hypothesis. Therefore, this result once again demonstrates that there is no significant linear relationship between the winning 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 mentioned earlier: Fair Launch provides both retail investors and whales with the same starting line, and there are no indicators during the $ZERO minting process suggesting any behavior that undermines fairness.
Thanks to Solana’s high throughput and block speed, using the block hash as a random number generator and picking a winner in each block brings us exciting fairness. However, this is not without its pitfalls. During the minting of the Index ONE NFT, we saw the transaction volume on the Solana chain reach an average of about 7,000 transactions per minute, approximately 120 TPS, and that was just from this one minting event.
As the demand for Fair Launch increases significantly in the future and the minting activity on the chain increases significantly, the high load is likely to cause a single block to be unable to effectively accommodate all the minting, thereby preventing the minting process from proceeding smoothly. More importantly, this will lead to the failure of the fair lottery mechanism achieved by utilizing block hash values, limiting the possibility of Analysoor’s Fair Launch being widely adopted.
Therefore, looking for other potential alternatives has become an important issue worth thinking about. Machine learning and AI algorithms propose new solutions and directions for this risk.
Pland proposed that the classification method in AI algorithms is a worthwhile solution. The specific approach involves training AI using complete historical data from Solana, enabling it to determine whether each address qualifies as a participant or holder based on its activities in the secondary market. In this process, multiple data oracles providing similar evidence will be used in the system to assist AI in assigning a weight to these addresses as filtering criteria based on factors such as trading frequency, transaction volume, market impact, asset size, and other potential considerations.
To put it simply, we will rely on AI algorithms to set thresholds to filter suspicious bot addresses (similar to filtering spam emails). The level of the threshold will be selected by different token deployers each time, and the lottery method will be from “Draw once per block” changes to “draw all winners from a larger pool at once.”
Unlike the existing mechanism, liquidity guidance will no longer be a necessary condition in the new scheme. Therefore, we are likely to see that when the lottery results are announced, only the winners will need to pay the participation fee, and the fees of the participants who did not win will be fully refunded. However, the specific adoption plan can be continuously adjusted and changed according to market conditions and needs.
This approach will push Analysoor towards true decentralization and solve the problem of potential Solana block overload, providing a foundation for widespread adoption of Analysoor. Moreover, as a Launchpad service provider, diversified deployment options and flexibility will allow deployers to customize TGE on the basis of Fair Launch according to their own and market needs, greatly enhancing Analysoor’s appeal to currency issuers.
However, there are still some critical issues that are worth keeping an eye on in the future. For instance, the biggest challenge of this mechanism lies in how to ensure a comprehensive consideration of various factors in calculating weights while maintaining fairness. If the threshold is set too low, bots may potentially increase their chances of winning by using a large number of addresses to enter the pool. On the other hand, if the threshold is set too high, it might lead to an effect similar to a whitelist, contradicting the core principle of fairness. Another aspect that needs clarification is whether the algorithmically calculated weights will impact the winning probability of an address, which could spark widespread discussions on fairness among users. Additionally, the risk of malicious activities by hackers attacking the oracle is also a factor that must be considered.
If these issues can be effectively addressed, we will have sufficient reason to believe that Analysoor is rewriting a new chapter in on-chain token issuance models, with the potential for significant value appreciation in the future. Therefore, we are eagerly looking forward to seeing the specific implementation plans that Analysoor will propose in these areas.
$ZERO is the first token issued by Analysoor using the Fair Launch model, and it is also its only SPL Token (Smart Contract Token on the Solana blockchain). The total supply is 21 million, with 10.5 million (50%) provided to winning minters and another 10.5 million (50%) used to create liquidity on AMM. There is no team allocation, private sale, or presale. 98% of LP Tokens in the AMM will be locked until April 20, 2026, with generated earnings automatically reinvested in the AMM to further expand liquidity. The minting rights for $ZERO have been relinquished, and there will be no future issuance.
During the minting process of $ZERO, a total of 8,847.3 SOL in minting fees were generated, and all fees were placed into the AMM on Metaora.
Currently, according to Metaora data, the total value locked (TVL) in the SOL/ZERO trading pair on the AMM pool has reached 9.32 million, making it the highest TVL AMM pool on Metaora.
In terms of market capitalization, the current market cap of $ZERO is 38.01 million (at the current price of $1.81). Considering that Analysoor is the pioneer of the Fair Launch mechanism on the Solana blockchain, 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 cap is still undervalued.
According to Solscan data, there are currently 10 addresses holding more than 1% of $ZERO, totaling 32.4% of the supply. The remaining addresses hold 67.6% of the tokens. Among them, the developer Pland holds 1.69% of the tokens, making him the fourth-largest holder.
$ZERO’s current utility and value capture mechanisms are not clearly defined. In Analysoor’s third deployment event, which was also the first community MEME token $WHEN minting event, participants were required to pay 1 $ZERO and 0.05 $SOL for each minting attempt.
However, this is not a long-term utility plan for $ZERO. All $ZERO fees generated from this minting will be stored in a wallet with the goal of accumulating enough liquidity for its future listing on three major centralized exchanges. This introduces some anticipation for future developments among community members and holders, but the long-term use cases for $ZERO are currently unclear.
Index ONE is the first NFT issued on Analysoor, with a total of 10,002 units. Two units are rare NFTs that were not part of the deployment, leaving 10,000 units available for minting. Of these, 9,708 units were successfully minted, and to ensure fairness, the remaining 292 units will be burned.
During the minting of ONE, approximately 25,000 addresses participated in the minting process, resulting in 536,136 minting attempts and generating around 26,000 $SOL in minting fees. The average success rate for minting was approximately 2%.
From this statistical data, we can see that even for those addresses with the highest number of attempts in this minting, their success rates are not significantly higher than the average success rate of 2%. This once again indicates that the capital size cannot create a significant competitive advantage under this Fair Launch mechanism, preventing the emergence of unfair practices. It is worth noting that the reason why all 10,000 NFTs were not fully minted is that towards the end of the minting process, there were as many as 110–130 minting requests per block. This raised concerns among the project team about the potential presence of bots, leading to the decision to end the minting process early to prevent any compromise of fairness.
Out of all generated minting fees, 5,000 $SOL were used as a 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 ONE token will be burned and not re-enter the market. Additionally, 21,000 $SOL were staked with a 7.3% APY, and assets worth $100,000 were withdrawn to pay the artist designing the ONE NFT. The purpose of the remaining staking income has not been determined yet, and one possible speculation is that it might be used to enhance the floor price protection.
Currently, ONE can be used for NFT lending on Banx and will be available on more similar platforms. The final design of ONE NFT will be decided by community voting, with the goal of creating an NFT that is similar or even better than Bitmap and Solmap. For comparison, Bitmap’s current market value is approximately 254M, Solmap’s market value is approximately 15M, and ONE’s current market value is only approximately 6.6M.
Source:https://www.tensor.trade/trade/one
When we trade Index ONE in the NFT market, we may see the rarity as shown in the picture, and we may find that the price of some ONEs with high rarity will be significantly higher than those with low rarity.
However, developer Plan stated in the community that this rarity is just a bug and not a true rarity, and the true rarity is only 2 of 10,002 ONEs.
We can’t completely rule out the possibility that developers may reconsider designing for this rarity in the future. But at least for now, investors need to clearly understand this when buying before making an investment decision.
Similar to $ZERO, ONE NFT currently has no clear conclusion on empowerment. In the minting event of the community MEME coin $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 of ONE NFT. Analysoor will not force other projects using the launchpad to issue airdrops to ONE holders in the future, because this is considered to significantly reduce the number of potential project parties, which is unconducive to the long-term development of Analysoor.
In terms of overall market value, we selected the market value of three other currently mainstream Launchpad Services to compare with Analysoor. It can also be seen that Analysoor’s current market value still has very optimistic room for growth.
In summary, although the long-term empowerment of $ZERO and ONE has not been decided yet, the developers explicitly state that they are actively seeking solutions that allow $ZERO and ONE to collaborate and profit without compromising the protocol’s long-term development. What we can currently ascertain is that $ZERO and Index ONE will both serve as the only two tokens associated with the ecosystem value of Analysoor in the long term. They are also considered the pioneering “totems” of the Fair Launch model on the Solana blockchain. This provides motivation for early holders, anticipating substantial value appreciation in the future. The core value support will continue to come from the market’s increasing demand for the Fair Launch mechanism.
Developer Pland has expressed in the community that, before allowing more projects to deploy tokens using Analysoor, he will focus on establishing a better legal structure. This includes creating on-chain public verification channels for the minting process. Simultaneously, he will engage in community building for the first community MEME token $WHEN and the artistic creation process of Index ONE NFT. Additionally, efforts will be directed towards further refining the Analysoor website to enhance its user-friendliness for new users. Importantly, the development team will persist in their efforts to combat bots, employing AI technology among other measures, to maintain a long-term and stable Fair Launch mechanism.
In the future, we may witness Analysoor collaborating with more Solana ecosystem projects. This collaboration aims not only to collectively uphold fairness but also to extend its Fair Mode to diverse tracks beyond just serving as a Launchpad for MEME coins and NFTs.
Outlook – How will the Fair Launch mechanism change the market?
As the market’s demand for fairness and transparency grows, Fair Launch will become an even more popular choice. In the cryptocurrency market in particular, there is a growing focus on the value of decentralization and equal participation, and Fair Launch aligns with these values. Additionally, as the regulatory environment matures, the Fair Launch approach may be viewed as a more compliant launch method. Fair Launch has the following most critical features and advantages:
Overall Fair Launch is a powerful concept that is revolutionizing the world of cryptocurrency, blockchain, and finance. By promoting equality, transparency and community engagement, Fair Launch redefines how cryptocurrencies and tokens are distributed, effectively avoiding the concentration of wealth and power and will facilitate the growth of decentralized networks. As the industry continues to evolve, projects and investors alike need to embrace the principles of Fair Launch.
As market participants increasingly value fairness and transparency, we anticipate that Fair Launch will become more popular in the future. As the pioneer of Fair Launch on the Solana blockchain, Analysoor is poised to benefit from the growth and expanding demand of the entire ecosystem.
If you are a enthusiast of tokens and NFTs, and you desire fair participation in the market, while also feeling weary of being incessantly dragged into the “war” of GAS fees amid the frenzied token trend, then Analysoor’s Fair Launch mechanism is undoubtedly a prospect you would want to explore.
In summary, we can outline the main advantages and risks of Analysoor as follows.
Overall, we still hold a strong positive outlook on Analysoor’s Fair Launch model and its future development. We look forward to Analysoor becoming a leading project in the Solana ecosystem for Fair Launch and Launchpad, ultimately spearheading a revolutionary transformation in the entire cryptocurrency industry.
https://blog.ordinalhub.com/how-1-man-singlehandedly-cause-the-bitcoin-ordinals-bear-market/
https://twitter.com/analysoor?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
https://dune.com/cryptokoryo/brc20?ref=blog.ordinalhub.com
This report was authored by @0xmarkyzl, a student at @GryphsisAcademy, under the guidance of @CryptoScott_ETH and @Zou_Block. The author takes full responsibility for all content, which may not necessarily reflect the views of Gryphsis Academy or the organization commissioning the report. Editorial content and decisions are not influenced by readers. Please be aware that the author may own the cryptocurrencies mentioned in this report. This document is for informational purposes only and should not be considered as a basis for investment decisions. It is strongly recommended that you conduct your own research and consult with independent financial, tax, or legal advisors before making any investment decisions. Keep in mind that the past performance of any asset does not guarantee future returns.