Analysoor is the first Meta Protocol on the Solana chain, adopting a unique approach to creating and distributing NFTs and tokens.
Written by: @0xmarkyzl
Instructor: @CryptoScott_ETH, @Zou_Block
TL;DR:
Analysoor is the first Meta Protocol on the Solana chain, using a unique approach to create and distribute NFTs and tokens. It provides users with the casting mechanism of Fair Launch by using the block hash value as a random number generator and selecting a winner on each block. This mechanism has currently proven to be successful, effectively eliminating the impact of Bots in the minting of $ZERO and Index ONE NFTs.
Fairness and liquidity guidance are the core value supports of Fair Launch. Under this mechanism, there are no pre-sales and whitelists, no team allocation, and no GAS fee front-running transactions. Everyone is on the same starting line, and the gap in capital volume cannot bring about competitive advantages in the casting process. The fees generated by minting will not flow to the wallets of the project parties or miners, but will all be used to create liquidity, feed back the ecology and community, and form a positive flywheel.
Analysoor is forming a strong community consensus, and its value and potential are being realized and recognized by more and more people. At the same time, its developers are constantly using more innovative methods to further combat potential Bot behaviors so that fairness can be maintained and guaranteed in the long term. Among them, the application of AI algorithms and machine learning will be what we are most likely to see next.
Compared with the market value of mainstream Lanchpad projects on other public chains such as Auction, Turt, and Bake, Analysoor’s current market value may be seriously underestimated. Considering that there is currently no leading Launchpad protocol in the Solana ecosystem, Analysoor is very likely to play this role and has huge room for value growth in the future.
The market’s demand for fairness and transparency is growing day by day, and the Fair Launch mechanism will become an inevitable trend. Therefore, 2024 may be the year when Meta Protocol explodes (especially on high-performance public chains like Solana), and As the pioneer of Fair Launch on the Solana chain, Analysoor has great potential and a very strong vision. We may see it being brought to more diverse tracks in the future and becoming a multi-functional Launchpad, not just MEME. Minting of coins and NFTs.
Introduction
Since the encryption market entered 2023, the popularity of the blockchain inscription market represented by the Ordinals protocol and its derivatives has surged. However, what is brought about by this crazy market is people’s desire for more efficient blockchain functions. The increasing demand for lower gas fees and operational complexity, as well as fairer market participation.
At this time, the Solana ecosystem has experienced an impressive rebound. Driven by a diverse range of innovative projects and a strong ecosystem, Solana will once again become the hottest contender in the bull market, especially its high throughput and The characteristics of low-latency transactions are crucial to the inscription and NFT markets. As of December 17, 2023, the total number of inscriptions on the Solana chain has exceeded 1 million.
Analysoor makes full use of the characteristics of the Solana ecosystem to build an innovative Fair Launch mechanism, which is dedicated to solving the fairness problem in the traditional mechanism and will bring a huge change to the inscription and NFT market.
1. Project Introduction
Analysoor Protocol is an innovative inscription and NFT minting protocol on the Solana chain, and is also the first Meta Protocol in the Solana ecosystem. It beautifully integrates the high throughput, low transaction fees, and fast transaction confirmation features of the Solana ecosystem with the essence of the Ordinals protocol, creating a “block lottery” minting mechanism with a gambling nature.
**The core value lies in solving the problems of fair distribution and liquidity guidance of inscriptions and NFTs in the casting process. By using Fair Launch, it filters out Bots and “scientists” to the greatest extent, creating a platform for truly enthusiastic participants. A high-experience casting environment that is completely fair and transparent, has lower thresholds and is easier to operate. **
When other developers use Analysoor to carry out minting and distribution activities, its Fair Launch mechanism will effectively attract a large number of real users to actively participate, and these users will be able to bring a lot of heat and topics to the minting target in a short period of time, promoting the community The rapid formation of consensus.
**Under the mechanism of Fair Launch, no matter you are a whale with huge funds or a novice retail investor who has just joined the industry, everyone is on the same starting line and has equal opportunities to earn profits while being more decentralized. The distribution results of peace and equality further strengthen the community’s voice. **
We have every reason to believe that Analysoor is setting off a huge wave of subversion for the public chain inscription protocol, and look forward to it becoming a change leader and leading project in the inscription and NFT casting launchpad within the Solana ecosystem.
Analysoor is still in its early stages, and its protocol and ecology still have huge imagination and development potential. As of now, there has been no financing activity for the agreement and there are no plans to do so.
2. Developers and community construction
Analysoor was founded by @Pland__. Pland is 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, Plan once stated in the community that because he has a background in Data Science, he is trying to integrate more AI algorithm elements into the protocol to continuously improve and make further innovations. This also makes the community have doubts about the future of Analysoor. There are more expectations for development.
Although Plan has invested a lot of time and energy in the construction and innovation of the protocol, he has also put in a lot of effort in community building. Plan actively communicates with participants in the community every day, solicits opinions and answers questions from community users, which is crucial to maintaining community activity and building community consensus.
At the same time, Plan has also set up discussion channels in different languages (such as Chinese, Japanese, Korean, French, etc.) in the DC community, which not only avoids misunderstandings about the project due to language problems, but also helps members of the same language Provides a platform for discussion that will help disseminate the protocol within the wider multilingual community.
As of the date of writing this article, according to data on the Solscan chain, there are 7866 currency holding addresses for its protocol token $ZERO. Within 48 hours after the protocol DC community was opened, the number of community users has exceeded 500, and is still It continues to rise (you need to hold at least 100 $ZERO or 1 Index ONE NFT to enter the community).
3. Sources of income from the agreement
Developers currently only receive a 2.5% royalty fee from the Index ONE NFT project, and Plan said this revenue is enough to maintain the operation of its protocol. At the same time, Plan also holds about 1.69% of the total supply of $ZERO (currently the fourth largest currency holding address on the chain, with a total of about 355,000 coins). He has repeatedly stated that his goal is always the long-term development of the protocol, rather than becoming A short term rugger.
3.1 What issues might exist in traditional deployment organizations?
On October 3, 2023, a person named Rijndael on Twitter released the BRC-20 sniper robot Sophon by taking advantage of BRC-20’s “first come, first served” and the public nature of most Bitcoin transactions. The bot monitors transactions for BRC-20 deploying inscriptions, and then preempts transactions by increasing the gas fee.
In this way, Rijndael was able to reliably defeat other BRC-20 inscription deployment transactions in the block, making his own transaction “official” and at the same time giving him the power to change the total supply of the token. and maximum casting power.
Rijndael has since decided to set the supply of every token on which Sophon is deployed to 1, meaning that each token will have only 1 owner, completely blocking the development of the token.
As shown in the figure, after Sophon was deployed, the inscription activity of BRC-20 on the entire chain dropped sharply, reaching only a handful or even close to 0 per day. Since then, as Sophon has run out of money, activity levels have returned to previous highs.
Afterwards, according to data released by Rijndael, Sophon only spent 0.0129 Bitcoins to achieve a preemptive transaction with a success rate of 75%. It can be said that he single-handedly created a breakthrough for the hot BRC-20 inscription market. A brief “bear market” scenario.
Although Rijndael has proven after this incident that he was only stress testing and experimenting with ideas, rather than for the purpose of destroying the ecosystem, this incident still deserves our warning-if multiple Sophons exist at the same time, then What will the market look like? 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 advantages, the interests of ordinary investors cannot be protected at all. **
3.2 How is Analysoor’s Fair Launch mechanism implemented?
Through Analysoor’s Fair Launch gameplay, users will no longer need to engage in crazy bidding by massively increasing GAS fees like in other traditional coin minting modes. Instead, the cost is fixed for each user each time they participate in minting. When users participate in minting each time, they can be understood as purchasing a “block lottery”, and then the hash of the block is randomly generated. The value will be used as a basis to determine which transaction (lottery) in the block will become the winning transaction (winner).
Overall, the first number in the block hash value will be used as the lottery number, and the parity of the number combinations in the hash value will be used as the basis for judging the counting order (in most cases the hash value of each block will contain at least one number). Therefore, the winner judgment logic can be divided into two situations. The following are examples of the two situations.
This judgment logic creates a double layer of security for the casting distribution process. Under this mechanism, if someone wants to manipulate the new process, he must buy a large number of “lottery tickets” in a block (at least 20 in a perfect case) to try to occupy both the top and the bottom. 10 trades from 0-9, and this becomes a very expensive “bet”.
At the same time, the developers of the Analysoor protocol also retain the possibility of randomly making minor changes to the judgment logic in each future casting event. The relevant information will be announced after each casting event and will be available to users. Verification channels. Its core purpose is still to prevent robots from finding ways to disrupt the market in long-term fixed patterns, thereby further reducing the possibility of fairness being destroyed.
In addition, in the Analysoor protocol, the costs incurred by all users in the process of participating in the minting will neither flow to the miners as GAS fees, nor will they flow to the developer’s wallet. All these fees will be used to repay investors for the inscription project itself.
For example, during the casting process of $ZERO, all fees generated were added to the AMM pool to provide liquidity; while during the casting of Index ONE NFT, all fees received were used to floor ONE. Price protection, holders will always be able to sell ONE at a minimum price of 2.5 Sol. **This method successfully prevents liquidity from flowing out of the Inscription Ecosystem, and the income generated will also attract investors to reinvest, feeding back the ecological protocol, forming a positive cycle. **
3.3 Is Analysoor’s Fair Launch model effective?
In this section, we will use statistical data 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 casting, of which 2654 completed at least one successful casting, accounting for 54%. A total of 113,244 casting attempts were made, resulting in a calculated 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 figure, we can see that under Analysoor’s Fair Launch model, as the number of attempts increases, the distribution of winning percentage is still 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 show that the coefficient of the number of attempts is -0.0056, and the P value of 0.162 also prevents us from rejecting the null hypothesis, so this result once again proves that there is no significant linearity between the winning rate and the number of attempts. relation.
**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 amount of 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 there are no indicators indicating that there is any behavior that undermines fairness during the $ZERO casting process.
3.4 How will machine learning and AI algorithms help deal with potential hazards?
Thanks to Solana’s high throughput and block production speed, using the block hash value as a random number generator and selecting a winner in each block brings us exciting fairness. However, this is not without its pitfalls. 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, about 120 TPS, and this was only due to this minting event.
With the significant increase in demand for Fair Launch in the future and the massive increase in on-chain casting activities, the high load is likely to cause a single block to be unable to effectively accommodate all castings, thereby preventing the casting 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 have proposed new solutions and directions for this risk.
Plan proposed that the classification method (Classification) in AI algorithms is a solution worth trying. Specifically, the AI will be trained using Solana’s complete historical data so that it can determine whether each address is a participant or holder that meets the standards through its activities in the secondary market. In this process, multiple data oracles that provide the same proof will be used in the system to help AI assign a weight to these addresses as a filter based on possible factors such as transaction frequency, transaction volume, market influence, asset size, etc. condition.
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 drive Analysoor towards true decentralization and solve the potential Solana block overload problem, providing a foundation for the widespread adoption of Analysoor. Moreover, as a Launchpad service provider, diversified deployment options and flexibility will allow deployers to customize TGE based on Fair Launch according to their own and market needs, greatly enhancing Analysoor’s appeal to currency issuers.
However, there are some key issues that deserve our continued attention. 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, the bot may increase the winning rate by using a large number of addresses to enter the prize pool. If the threshold is set too high, it may eventually form a whitelist effect, which also violates the core of fairness. in principle. 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 cause widespread discussion among users about fairness. In addition, the risk of hackers doing evil by attacking oracles is also a factor that must be considered.
If such problems can be truly solved, then we will have sufficient reason to believe that Analysoor is writing a new historical chapter in the on-chain token issuance model, and is expected to gain huge value improvements in the future, so we are very much looking forward to seeing Analysoor What specific implementation plans will be proposed in these aspects.
4. Tokenomics
4.1 ZERO
$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 chain). The total issuance supply is 21 million, of which 10.5 million (50%) Being provided to the winning minter, another 10.5 million (50%) are used to create liquidity on AMM, there is no team allocation, and there is no private sale or pre-sale.
98% of the LP Tokens in AMM will be locked until April 20, 2026, and the income generated will be automatically reinvested into AMM to further expand liquidity. The minting rights of $ZERO have been given up and no additional issuance will be carried out in the future.
During the casting process of $ZERO, a total of 8847.3 SOL was incurred in casting fees, all of which were put into the AMM on Metaora.
Currently, according to Metaora data, the TVL of the SOL and ZERO trading pair AMM pool has reached 9.32M, becoming the AMM pool with the highest TVL 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 founder of the Fair Launch mechanism on the Solana chain, it matches its strong vision for future development and the potential market demand for Fair Launch. increase, we have reason to believe that its market value is still undervalued.
4.2 Currency holdings
According to Solscan data, there are currently 10 addresses holding more than 1% of $ZERO on the chain, totaling 32.4%, and the remaining addresses hold 67.6% of the currency. Among them, developer Plan, as the fourth largest currency holding address, holds 1.69% of the tokens.
4.3 Value Capture
There is currently no clear conclusion on the empowerment of $ZERO. In Analysoor’s third deployment event, which is also the first community MEME coin $WHEN’s casting event, participants need to pay 1 $ZERO and 0.05 each time they try to mint. $SOL.
However, this is not a guaranteed long-term empowerment for $ZERO. All $ZERO fees generated by this minting will be deposited into a wallet in order to raise sufficient liquidity for its future listing on the three major centralized exchanges. This brings certain future expectations to community members and holders, but the long-term application scenarios of $ZERO are still unclear.
4.4 Index ONE NFT
Index ONE is the first NFT issued on Analysoor, with a total of 10,002 pieces, of which 2 are rare NFTs and have not participated in the deployment. A total of 9,708 of the remaining 10,000 pieces have been successfully minted. To ensure fairness, the remaining 292 pieces will be was burned.
During the casting process of ONE, a total of about 25,000 addresses participated in the casting, resulting in 536,136 casting attempts and a casting fee of about 26,000 $SOL. The average winning rate of casting was about 2%.
From this statistic, we can see that in this minting, even for those addresses with the most attempts, their winning rate was not significantly higher than the average winning rate of 2%, which once again shows that the amount of funds is still not enough in this minting. The Fair Launch mechanism creates significant competitive advantages, leading to the emergence of unfair phenomena. It is worth mentioning that the reason why all 10,000 NFTs were not minted is because as the minting was nearing the end, there were as many as 110-130 minting requests in each block, which led the project team to suspect that there might be bots. , thus ending the casting process early to prevent fairness from being violated.
Among all the minting fees generated, 5,000 $SOL are used as floor price protection in 4 NFT markets. This protection mechanism ensures that the price of ONE will never be lower than 2.5 $SOL. If someone triggers this protection mechanism and in If ONE is sold at this price, the ONE will be burned and will not flow back into the market. Another 21,000 $SOL was pledged at a yield of 7.3% APY, of which $100,000 worth of assets will be withdrawn to pay the art designer of ONE NFT. The use of the remaining proceeds generated from the pledge has not yet been decided. Possible speculation is that the proceeds may be used to increase the price of protective flooring.
Currently, ONE can be used for NFT lending on Banx and will be launched 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.
4.5 A misunderstanding
Source:
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, not a real rarity, and the real 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.
4.6 Value Capture
Similar to $ZERO, ONE NFT currently has no clear conclusion on empowerment. During 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. Conducive 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 general, although the long-term empowerment of $ZERO and ONE has not yet been decided, their developers have made it clear that they are trying to find a way to combine $ZERO and ONE to make profits together without affecting the long-term development of the protocol. s solution.
**What we can be sure of at present is that both $ZERO and Index ONE will be Analysoor’s only two tokens associated with its ecological value for a long time. They are also the pioneering “totems” of the Fair Launch model on the Solana chain, which makes us become Early holders expect considerable value increases in the future, which provides motivation, and the core value support will still come from the future growth in market demand for the Fair Launch mechanism. **
5. Analysoor’s future development plan
Developer Plan said in the community that before allowing more other projects to start using Analysoor for token deployment, he will first work on building a better Legal Structure, including creating a public verification of the minting situation on the chain. channel etc.
At the same time, he will carry out the community construction of the first community MEME coin $WHEN and the art creation process of Index ONE NFT, and further improve the Analysoor website to improve its friendliness for new users.
Most importantly, the development team will continue to make efforts to combat bots, including but not limited to the use of AI technology, to maintain a long-term and stable Fair Launch mechanism.
In the future, we may see Analysoor cooperate with other Solana ecological projects to jointly maintain fairness and bring its Fair Mode to more tracks, rather than just as a MEME currency. and Launchpad for 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:
**Fairness and Equal Opportunity:**Fair Launch is centered around providing equal opportunity to all participants, regardless of background or financial resources. This approach increases the overall inclusivity of the project, helping to increase trust in the project and wider adoption by the community.
No pre-mining or pre-sale of tokens: In Fair Launch, all tokens are created and distributed in a transparent manner after the project is launched. This means that no one person or group has an unfair advantage by owning a large amount of tokens before anyone else. Typically in a Fair Launch model, project owners add liquid pairs directly to decentralized exchanges (DEXs), making the tokens tradable from the start of the project (as Analysoor did with $ZERO’s minting event) .
Prevent price manipulation: The Fair Launch development team will continuously implement measures to prevent bots. These measures are designed to maintain market fairness and prevent price manipulation and unfair trading practices.
**Community Engagement:**Fair launches often emphasize community involvement and engagement. This may include community voting, open discussions and forums, and other ways to ensure everyone has a say in the development of the project. This community-driven approach promotes long-term participation, creates a loyal user base, and may lead to a more resilient and decentralized network.
Reduced Risk: By creating a level playing field and involving broader community participation, Fair Launch helps reduce the overall risk associated with a new cryptocurrency or blockchain project. This helps prevent potential scams or fraudulent activity, which is a significant risk for investors and users in the crypto space.
Overall Fair Launch is a powerful concept that is revolutionizing the cryptocurrency, blockchain and financial fields. 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, both projects and investors need to embrace the principles of Fair Launch.
As market participants pay more and more attention to fairness and transparency, we predict that Fair Launch will become more popular in the future, and Analysoor, as the pioneer of Fair Launch on the Solana chain, we have reason to believe that it will follow the entire ecosystem. The development and demand expansion will be fed back in the future.
If you are also a fan of inscriptions and NFTs, hope to participate in the market fairly, and are tired of being endlessly involved in the GAS fee “war” in this violent inscription craze, then Analysoor’s Fair Launch mechanism will This is a gold nugget opportunity that you definitely want to try.
6. Conclusion and risk warning
To sum up, we can summarize the main advantages and risks of Analysoor into the following points.
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-looking initiative will greatly satisfy the needs of investors and the market. need.
Considering that multiple projects have already introduced this mechanism, we believe that Analysoor can take advantage of its first-mover advantage to take the lead in developing and integrating various micro-innovative Fair Launch forms. This will provide more diversified 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 adapting to changing market trends and user needs, which helps build a stronger community and enhance the robustness of its ecosystem.
The Analysoor protocol is still in its early stages, and the value of its token $ZERO and NFT ONE is currently still undervalued, which provides investors with good odds. At the same time, the idea of combining $ZERO and ONE for empowerment also gives holders greater imagination for the future.
risk point:
Fair Launch’s models do not guarantee project success or viability, they simply provide a fairer starting point, while ensuring true fairness and transparency can be challenging, and the process may still be vulnerable to having more resources. or manipulation by persons with technical expertise, including but not limited to smart contract vulnerabilities, hacker attacks, or other security issues.
Analysoor’s current level of decentralization is still lacking, and its developers still have the final independent right to make decisions.
As Analysoor becomes open source, its Fair Launch innovative mechanism may be imitated. Considering that the Analysoor team is small in size and has a small amount of funds, if a large team imitates it, larger funds and a stronger development team may have a certain impact on Analysoor’s influence.
Overall, we still have strong expectations for Analysoor’s Fair Launch model and its future development, and look forward to Analysoor becoming the leading project for the Fair Launch model and Launchpad on the Solana chain, ultimately leading a storm of change in the entire crypto industry.
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Analysoor(0,1): A new battlefield for 100-fold profits, reshaping Fair Launch’s innovation journey
Written by: @0xmarkyzl
Instructor: @CryptoScott_ETH, @Zou_Block
TL;DR:
Introduction
Since the encryption market entered 2023, the popularity of the blockchain inscription market represented by the Ordinals protocol and its derivatives has surged. However, what is brought about by this crazy market is people’s desire for more efficient blockchain functions. The increasing demand for lower gas fees and operational complexity, as well as fairer market participation.
At this time, the Solana ecosystem has experienced an impressive rebound. Driven by a diverse range of innovative projects and a strong ecosystem, Solana will once again become the hottest contender in the bull market, especially its high throughput and The characteristics of low-latency transactions are crucial to the inscription and NFT markets. As of December 17, 2023, the total number of inscriptions on the Solana chain has exceeded 1 million.
Analysoor makes full use of the characteristics of the Solana ecosystem to build an innovative Fair Launch mechanism, which is dedicated to solving the fairness problem in the traditional mechanism and will bring a huge change to the inscription and NFT market.
1. Project Introduction
Analysoor Protocol is an innovative inscription and NFT minting protocol on the Solana chain, and is also the first Meta Protocol in the Solana ecosystem. It beautifully integrates the high throughput, low transaction fees, and fast transaction confirmation features of the Solana ecosystem with the essence of the Ordinals protocol, creating a “block lottery” minting mechanism with a gambling nature.
**The core value lies in solving the problems of fair distribution and liquidity guidance of inscriptions and NFTs in the casting process. By using Fair Launch, it filters out Bots and “scientists” to the greatest extent, creating a platform for truly enthusiastic participants. A high-experience casting environment that is completely fair and transparent, has lower thresholds and is easier to operate. **
When other developers use Analysoor to carry out minting and distribution activities, its Fair Launch mechanism will effectively attract a large number of real users to actively participate, and these users will be able to bring a lot of heat and topics to the minting target in a short period of time, promoting the community The rapid formation of consensus.
**Under the mechanism of Fair Launch, no matter you are a whale with huge funds or a novice retail investor who has just joined the industry, everyone is on the same starting line and has equal opportunities to earn profits while being more decentralized. The distribution results of peace and equality further strengthen the community’s voice. **
We have every reason to believe that Analysoor is setting off a huge wave of subversion for the public chain inscription protocol, and look forward to it becoming a change leader and leading project in the inscription and NFT casting launchpad within the Solana ecosystem.
Analysoor is still in its early stages, and its protocol and ecology still have huge imagination and development potential. As of now, there has been no financing activity for the agreement and there are no plans to do so.
2. Developers and community construction
Analysoor was founded by @Pland__. Pland is 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, Plan once stated in the community that because he has a background in Data Science, he is trying to integrate more AI algorithm elements into the protocol to continuously improve and make further innovations. This also makes the community have doubts about the future of Analysoor. There are more expectations for development.
Although Plan has invested a lot of time and energy in the construction and innovation of the protocol, he has also put in a lot of effort in community building. Plan actively communicates with participants in the community every day, solicits opinions and answers questions from community users, which is crucial to maintaining community activity and building community consensus.
At the same time, Plan has also set up discussion channels in different languages (such as Chinese, Japanese, Korean, French, etc.) in the DC community, which not only avoids misunderstandings about the project due to language problems, but also helps members of the same language Provides a platform for discussion that will help disseminate the protocol within the wider multilingual community.
As of the date of writing this article, according to data on the Solscan chain, there are 7866 currency holding addresses for its protocol token $ZERO. Within 48 hours after the protocol DC community was opened, the number of community users has exceeded 500, and is still It continues to rise (you need to hold at least 100 $ZERO or 1 Index ONE NFT to enter the community).
3. Sources of income from the agreement
Developers currently only receive a 2.5% royalty fee from the Index ONE NFT project, and Plan said this revenue is enough to maintain the operation of its protocol. At the same time, Plan also holds about 1.69% of the total supply of $ZERO (currently the fourth largest currency holding address on the chain, with a total of about 355,000 coins). He has repeatedly stated that his goal is always the long-term development of the protocol, rather than becoming A short term rugger.
3.1 What issues might exist in traditional deployment organizations?
On October 3, 2023, a person named Rijndael on Twitter released the BRC-20 sniper robot Sophon by taking advantage of BRC-20’s “first come, first served” and the public nature of most Bitcoin transactions. The bot monitors transactions for BRC-20 deploying inscriptions, and then preempts transactions by increasing the gas fee.
In this way, Rijndael was able to reliably defeat other BRC-20 inscription deployment transactions in the block, making his own transaction “official” and at the same time giving him the power to change the total supply of the token. and maximum casting power.
Rijndael has since decided to set the supply of every token on which Sophon is deployed to 1, meaning that each token will have only 1 owner, completely blocking the development of the token.
As shown in the figure, after Sophon was deployed, the inscription activity of BRC-20 on the entire chain dropped sharply, reaching only a handful or even close to 0 per day. Since then, as Sophon has run out of money, activity levels have returned to previous highs.
Afterwards, according to data released by Rijndael, Sophon only spent 0.0129 Bitcoins to achieve a preemptive transaction with a success rate of 75%. It can be said that he single-handedly created a breakthrough for the hot BRC-20 inscription market. A brief “bear market” scenario.
Although Rijndael has proven after this incident that he was only stress testing and experimenting with ideas, rather than for the purpose of destroying the ecosystem, this incident still deserves our warning-if multiple Sophons exist at the same time, then What will the market look like? 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 advantages, the interests of ordinary investors cannot be protected at all. **
3.2 How is Analysoor’s Fair Launch mechanism implemented?
Through Analysoor’s Fair Launch gameplay, users will no longer need to engage in crazy bidding by massively increasing GAS fees like in other traditional coin minting modes. Instead, the cost is fixed for each user each time they participate in minting. When users participate in minting each time, they can be understood as purchasing a “block lottery”, and then the hash of the block is randomly generated. The value will be used as a basis to determine which transaction (lottery) in the block will become the winning transaction (winner).
Overall, the first number in the block hash value will be used as the lottery number, and the parity of the number combinations in the hash value will be used as the basis for judging the counting order (in most cases the hash value of each block will contain at least one number). Therefore, the winner judgment logic can be divided into two situations. The following are examples of the two situations.
This judgment logic creates a double layer of security for the casting distribution process. Under this mechanism, if someone wants to manipulate the new process, he must buy a large number of “lottery tickets” in a block (at least 20 in a perfect case) to try to occupy both the top and the bottom. 10 trades from 0-9, and this becomes a very expensive “bet”.
At the same time, the developers of the Analysoor protocol also retain the possibility of randomly making minor changes to the judgment logic in each future casting event. The relevant information will be announced after each casting event and will be available to users. Verification channels. Its core purpose is still to prevent robots from finding ways to disrupt the market in long-term fixed patterns, thereby further reducing the possibility of fairness being destroyed.
In addition, in the Analysoor protocol, the costs incurred by all users in the process of participating in the minting will neither flow to the miners as GAS fees, nor will they flow to the developer’s wallet. All these fees will be used to repay investors for the inscription project itself.
For example, during the casting process of $ZERO, all fees generated were added to the AMM pool to provide liquidity; while during the casting of Index ONE NFT, all fees received were used to floor ONE. Price protection, holders will always be able to sell ONE at a minimum price of 2.5 Sol. **This method successfully prevents liquidity from flowing out of the Inscription Ecosystem, and the income generated will also attract investors to reinvest, feeding back the ecological protocol, forming a positive cycle. **
3.3 Is Analysoor’s Fair Launch model effective?
In this section, we will use statistical data 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 casting, of which 2654 completed at least one successful casting, accounting for 54%. A total of 113,244 casting attempts were made, resulting in a calculated 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 figure, we can see that under Analysoor’s Fair Launch model, as the number of attempts increases, the distribution of winning percentage is still 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 show that the coefficient of the number of attempts is -0.0056, and the P value of 0.162 also prevents us from rejecting the null hypothesis, so this result once again proves that there is no significant linearity between the winning rate and the number of attempts. relation.
**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 amount of 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 there are no indicators indicating that there is any behavior that undermines fairness during the $ZERO casting process.
3.4 How will machine learning and AI algorithms help deal with potential hazards?
Thanks to Solana’s high throughput and block production speed, using the block hash value as a random number generator and selecting a winner in each block brings us exciting fairness. However, this is not without its pitfalls. 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, about 120 TPS, and this was only due to this minting event.
With the significant increase in demand for Fair Launch in the future and the massive increase in on-chain casting activities, the high load is likely to cause a single block to be unable to effectively accommodate all castings, thereby preventing the casting 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 have proposed new solutions and directions for this risk.
Plan proposed that the classification method (Classification) in AI algorithms is a solution worth trying. Specifically, the AI will be trained using Solana’s complete historical data so that it can determine whether each address is a participant or holder that meets the standards through its activities in the secondary market. In this process, multiple data oracles that provide the same proof will be used in the system to help AI assign a weight to these addresses as a filter based on possible factors such as transaction frequency, transaction volume, market influence, asset size, etc. condition.
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 drive Analysoor towards true decentralization and solve the potential Solana block overload problem, providing a foundation for the widespread adoption of Analysoor. Moreover, as a Launchpad service provider, diversified deployment options and flexibility will allow deployers to customize TGE based on Fair Launch according to their own and market needs, greatly enhancing Analysoor’s appeal to currency issuers.
However, there are some key issues that deserve our continued attention. 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, the bot may increase the winning rate by using a large number of addresses to enter the prize pool. If the threshold is set too high, it may eventually form a whitelist effect, which also violates the core of fairness. in principle. 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 cause widespread discussion among users about fairness. In addition, the risk of hackers doing evil by attacking oracles is also a factor that must be considered.
If such problems can be truly solved, then we will have sufficient reason to believe that Analysoor is writing a new historical chapter in the on-chain token issuance model, and is expected to gain huge value improvements in the future, so we are very much looking forward to seeing Analysoor What specific implementation plans will be proposed in these aspects.
4. Tokenomics
4.1 ZERO
$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 chain). The total issuance supply is 21 million, of which 10.5 million (50%) Being provided to the winning minter, another 10.5 million (50%) are used to create liquidity on AMM, there is no team allocation, and there is no private sale or pre-sale.
98% of the LP Tokens in AMM will be locked until April 20, 2026, and the income generated will be automatically reinvested into AMM to further expand liquidity. The minting rights of $ZERO have been given up and no additional issuance will be carried out in the future.
During the casting process of $ZERO, a total of 8847.3 SOL was incurred in casting fees, all of which were put into the AMM on Metaora.
Currently, according to Metaora data, the TVL of the SOL and ZERO trading pair AMM pool has reached 9.32M, becoming the AMM pool with the highest TVL 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 founder of the Fair Launch mechanism on the Solana chain, it matches its strong vision for future development and the potential market demand for Fair Launch. increase, we have reason to believe that its market value is still undervalued.
4.2 Currency holdings
According to Solscan data, there are currently 10 addresses holding more than 1% of $ZERO on the chain, totaling 32.4%, and the remaining addresses hold 67.6% of the currency. Among them, developer Plan, as the fourth largest currency holding address, holds 1.69% of the tokens.
4.3 Value Capture
There is currently no clear conclusion on the empowerment of $ZERO. In Analysoor’s third deployment event, which is also the first community MEME coin $WHEN’s casting event, participants need to pay 1 $ZERO and 0.05 each time they try to mint. $SOL.
However, this is not a guaranteed long-term empowerment for $ZERO. All $ZERO fees generated by this minting will be deposited into a wallet in order to raise sufficient liquidity for its future listing on the three major centralized exchanges. This brings certain future expectations to community members and holders, but the long-term application scenarios of $ZERO are still unclear.
4.4 Index ONE NFT
Index ONE is the first NFT issued on Analysoor, with a total of 10,002 pieces, of which 2 are rare NFTs and have not participated in the deployment. A total of 9,708 of the remaining 10,000 pieces have been successfully minted. To ensure fairness, the remaining 292 pieces will be was burned.
During the casting process of ONE, a total of about 25,000 addresses participated in the casting, resulting in 536,136 casting attempts and a casting fee of about 26,000 $SOL. The average winning rate of casting was about 2%.
From this statistic, we can see that in this minting, even for those addresses with the most attempts, their winning rate was not significantly higher than the average winning rate of 2%, which once again shows that the amount of funds is still not enough in this minting. The Fair Launch mechanism creates significant competitive advantages, leading to the emergence of unfair phenomena. It is worth mentioning that the reason why all 10,000 NFTs were not minted is because as the minting was nearing the end, there were as many as 110-130 minting requests in each block, which led the project team to suspect that there might be bots. , thus ending the casting process early to prevent fairness from being violated.
Among all the minting fees generated, 5,000 $SOL are used as floor price protection in 4 NFT markets. This protection mechanism ensures that the price of ONE will never be lower than 2.5 $SOL. If someone triggers this protection mechanism and in If ONE is sold at this price, the ONE will be burned and will not flow back into the market. Another 21,000 $SOL was pledged at a yield of 7.3% APY, of which $100,000 worth of assets will be withdrawn to pay the art designer of ONE NFT. The use of the remaining proceeds generated from the pledge has not yet been decided. Possible speculation is that the proceeds may be used to increase the price of protective flooring.
Currently, ONE can be used for NFT lending on Banx and will be launched 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.
4.5 A misunderstanding
Source:
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, not a real rarity, and the real 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.
4.6 Value Capture
Similar to $ZERO, ONE NFT currently has no clear conclusion on empowerment. During 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. Conducive 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 general, although the long-term empowerment of $ZERO and ONE has not yet been decided, their developers have made it clear that they are trying to find a way to combine $ZERO and ONE to make profits together without affecting the long-term development of the protocol. s solution.
**What we can be sure of at present is that both $ZERO and Index ONE will be Analysoor’s only two tokens associated with its ecological value for a long time. They are also the pioneering “totems” of the Fair Launch model on the Solana chain, which makes us become Early holders expect considerable value increases in the future, which provides motivation, and the core value support will still come from the future growth in market demand for the Fair Launch mechanism. **
5. Analysoor’s future development plan
Developer Plan said in the community that before allowing more other projects to start using Analysoor for token deployment, he will first work on building a better Legal Structure, including creating a public verification of the minting situation on the chain. channel etc.
At the same time, he will carry out the community construction of the first community MEME coin $WHEN and the art creation process of Index ONE NFT, and further improve the Analysoor website to improve its friendliness for new users.
Most importantly, the development team will continue to make efforts to combat bots, including but not limited to the use of AI technology, to maintain a long-term and stable Fair Launch mechanism.
In the future, we may see Analysoor cooperate with other Solana ecological projects to jointly maintain fairness and bring its Fair Mode to more tracks, rather than just as a MEME currency. and Launchpad for 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 cryptocurrency, blockchain and financial fields. 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, both projects and investors need to embrace the principles of Fair Launch.
As market participants pay more and more attention to fairness and transparency, we predict that Fair Launch will become more popular in the future, and Analysoor, as the pioneer of Fair Launch on the Solana chain, we have reason to believe that it will follow the entire ecosystem. The development and demand expansion will be fed back in the future.
If you are also a fan of inscriptions and NFTs, hope to participate in the market fairly, and are tired of being endlessly involved in the GAS fee “war” in this violent inscription craze, then Analysoor’s Fair Launch mechanism will This is a gold nugget opportunity that you definitely want to try.
6. Conclusion and risk warning
To sum up, we can summarize the main advantages and risks of Analysoor into the following points.
Advantages:
risk point:
Overall, we still have strong expectations for Analysoor’s Fair Launch model and its future development, and look forward to Analysoor becoming the leading project for the Fair Launch model and Launchpad on the Solana chain, ultimately leading a storm of change in the entire crypto industry.