Table of Contents:

· BTC deposits restored, Nostr Assets to launch Fair Mint soon

· Multiple shutdowns and maintenance in November, Nostr Assets sparks community controversy

· $TRICK and $TREAT, Nostr Assets' dual token model draws attention

· Previously, Nostr Assets was suspected of having questionable team background

Recently, with the continuous popularity of the Bitcoin ecosystem, the Nostr Assets Protocol related to it has also attracted attention due to multiple shutdowns and re-opening of deposits.

Restore BTC deposits, Nostr Assets launches Fair Mint soon

November 17th, according to official sources, the BTC deposit service of Nostr Assets Protocol, a project based on the decentralized social protocol Nostr's "LightningFi", has been restored. It is reported that since the launch of the deposit/withdrawal service, the deposit/withdrawal service of Nostr Assets Protocol has exceeded 50 BTC.

At the same time, Nostr Assets Protocol is attracting attention for its upcoming launch of Taproot Assets issuance and Fair Mint functionality. According to BlockBeats, Nostr Assets Protocol announced the launch of these two features on November 7th, but they have not yet been implemented as of the time of writing. This has also raised expectations among some members of the community.

Related reading: "Nostr Assets is about to launch the Fair Mint feature, how should users participate? (Tutorial included)".

If you want to trade on the Nostr market, we need to ensure that we also have funds in the Nostr Assets protocol. At this time, we need to deposit funds into Nostra. (Market trading requires funds in Nostr because Nostr plays the role of a custodial wallet here. The Mint rules that everyone is looking forward to have not been released yet, so it is uncertain whether funds in Nostr are required when Minting.)

11月内多次关停维护，Nostr Assets引社区争议

Translation:

Multiple shutdowns and maintenance in November, Nostr Assets sparks community controversy

In fact, before announcing the resumption of BTC deposits, Nostr Assets Protocol had shut down maintenance several times within a week.

November 7th, on the day when the launch of Taproot Assets issuance and Fair Mint function was announced, Nostr Assets Protocol announced on its social media platform that the website is temporarily closed for maintenance due to heavy traffic.

And from November 13th to 16th, Nostr Assets Protocol announced the closure of its website three times for maintenance, which sparked community controversy and raised concerns about the project's team.

Some community members have questioned the Lightning Network due to the multiple shutdowns of the Nostr Assets Protocol.

According to BlockBeats observation, many users in the community have misunderstandings about the concept of Nostr Assets Protocol. Some users have pointed out that Nostr Assets Protocol may be a "Singaporean Chinese team", while others believe that Nostr Assets Protocol has a close relationship with the Lightning Network.

However, the Nostr Assets Protocol is a protocol built on top of Nostr's technology that allows for "sending, receiving, and trading Taproot assets and BTC." By using Nostr messages to control (custody) wallets, it helps users better perform basic functions such as transfers/trades.

Regarding the multiple shutdowns of the Nostr Assets Protocol, some community members have pointed out that the current Bitcoin ecosystem is booming, and the huge load brought by traffic has also put pressure on some projects to a certain extent.

$TRICK & $TREAT: Nostr Assets' Dual-Token Model Attracts Attention

It is worth noting that previously, the Nostr Assets Protocol has always adopted a dual-token model for community governance, namely $TRICK and $TREAT. As of the time of writing, the official website of Nostr Assets shows that $TRICK is priced at 540 sats, approximately $0.1966; and $TREAT is priced at 610 sats, approximately $0.2221.

On November 16th, according to official sources, Nostr Assets Protocol is considering airdropping TRICK and TREAT to selected BRC20 and Ordinal series holders to further enrich its ecosystem and expand community influence. In addition, Nostr Assets Protocol also announced on November 14th that "to celebrate the upcoming launch of the Fair Mint function", the community is encouraged to vote for one of $TRICK and $TREAT as its representative name.

It is reported that the total amount of TRICK and TREAT is 210 million each, of which 20% has been airdropped to the Nostr Assets Protocol community, 70% is "committed to promoting the development of the Nostr Assets Protocol ecosystem and community", and 10% will be allocated to the Nostr Assets Protocol team, committed to the long-term success of the project.

However, some community members believe that these actions by the Nostr Assets Protocol are "not conducive to project development".

Previously, Nostr Assets was suspected of having a questionable team background.

Previously, Nostr Assets Protocol sparked widespread questioning from the community about its team background and professional level due to a comment.

Related reading: "Nostr Assets suspends website due to high traffic, team background questioned in comment replies."

"The reason was that user X, @0xGCB, posted a tweet introducing more projects in the Bitcoin ecosystem to the community, including Nostr Assets Protocol, which stated that users should not miss the Fair Mint of Nostr Assets Protocol. This tweet attracted a comment in Chinese from the official Nostr Assets Protocol account, saying 'even the founder got it wrong'."

Recently, the discussion around Nostr Assets Protocol has increased, which to some extent indicates that the FOMO sentiment towards the Bitcoin ecosystem is constantly rising in the current market. As for when Nostr Assets Protocol will truly launch Taproot Assets issuance and Fair Mint functionality, BlockBeats will continue to pay attention.

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