Original Title: "Analysis of Nostr Assets' First Fair Mint Rules and Investment Returns Situation in the BTC Ecosystem"

Original Source: Nan Zhi, Odaily Star Daily

Yesterday, Nostr Assets Protocol announced the details of its first Fair Mint (NOSTR). The Fair Mint is divided into three steps:

First stage: Investment, users stake Treat and Trick assets to qualify for the lottery;

Phase 2: Lottery, the prize pool is drawn through the block hash value.

Phase Three: Application, apply for tokens through the official interface.

Investment Stage

The start time is  December 11th, 2023. There are  12  prize pools set by the official, with the winning probability of the last four prize pools being twice that of the first eight prize pools.

The user selects 1 out of 12 prize pools, invests in Treat and Trick assets, and obtains pool ranking.

This stage has several key points:

During the investment phase, continuous increase in investment assets is possible, and rankings are also in real-time until the end of the phase.

During the investment phase, it is not possible to exit. At the end of the first phase, 50% will be returned, and after the second phase (lottery) ends, 50% will be returned.

抽奖阶段

translates to

Lucky Draw Stage

·For each block, select one of the 12 prize pools based on the hexadecimal suffix of the block hash value.

The top 50 winners of the lottery will receive a prize (if drawn again, they will be ranked 51-100).

·A total of 300 draws were conducted, with 15,000 winning addresses. The top 100 draws received 2160 NOSTR tokens, while the 101st to 200th draws received 1080 tokens, and the 201st to 300th draws received 540 tokens.

This stage has several key points:

·If there are not enough winners in the first 200 blocks, the excess shares will be distributed at the end, and each person will receive 540 tokens;

·Each Nostr address can only be used to participate in one prize pool;

·Each Nostr address can only win once.

Token Details

·Total supply: 21,000,000 coins.

·Fair Mint Quantity: 18,900,000 coins

·Prize number: 2160 (prize winners in the top 5000), 1080 (prize winners after the top 5000), 540 (prize winners after the top 5000).

·Duration:  300 blocks, approximately 2.1 days (Note: one block in the Bitcoin network is approximately 10 minutes)

Production Investment Estimation

TreatTrick circulation: about 87 million coins (total supply of 420 million coins).

TreatTrick Price:  0.4 USDT (as of December 8th, 13:00)

Scenario 1: Assuming that all participants contribute the same amount, the amount of tokens per single address is 8700000/15000 = 5600 tokens.

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