Original Title: "Does adding a mysterious (0,1) symbol after a KOL's name indicate a secret code or a cool project? Learn about Zero in this article."
Original Author: Riyue Xiaochu
Editor's note: ZERO is a concept token on the Solana blockchain that combines inscription, meme, and gambling. Regarding this innovative protocol, KOL in the cryptocurrency field, Riyue Xiaochu, referred to it as "solving the problem of fair distribution and also solving the problem of liquidity" on X. BlockBeats has compiled the full text as follows:
Zero is an innovative protocol on Solana: aiming to provide fair launch for memes and NFTs and solve liquidity problems.
We take the inscription craze as a case study to examine the issue of fair launch:
- Scientists use tools to rush ahead and mass-produce inscriptions. As a retail investor, do you think this is fair?
- The power of capital used by big players, including the inscription of Bao Yuanming, do you think it's fair as a retail investor?
From Ordi, Atom to Rune, the inscription projects are changing the way of fair distribution, and the first person to set the standard is often the one who eats the most crab meat.
- Ordi defined inscriptions, and the popularity of inscriptions established Ordi's status in the industry, which in turn boosted Ordi's market value.
- (0,1) is redefining a fair launch token distribution model. As more projects adopt this distribution model in the future, the value will be fed back into the Zero ecosystem.
Zero's fair launch token distribution model (very interesting)
This is a fair distribution method that excludes whales/scientists by using block hash random number + participant input cost. Taking Zero as an example below:
1. Solana blockchain generates a block every 400 milliseconds on average.
2. If only one valid minting request is selected in each block, it would take approximately 1 hour and 30 minutes to mint a complete series of 10,000 NFTs.
3. Each block has a unique identifier called the block hash. This hash value is unknown until the block is confirmed, so it can be used as a kind of random number generator.
4. Choose the method for casting/trading success:
- First, extract the first digit from the block hash (e.g. the 6 in "6MjVseMy2khAe1hXnhwFCMZ6FhzuBpaLaezFYnCxZQuN") to determine the winning transaction.
- Then, take out all the numbers from the hash (such as 6216), and check if these numbers are even to determine from which direction to start counting transactions.
5. Implementation:
- If the number of the block hash is even, count from top to bottom; if it is odd, count in reverse.
- Extract the first digit 6 from the block hash, and select the first transaction that contains the digit "6".
6. The only way to cheat is to make multiple minting requests within a single block, but the clever design of (0,1) imposes a cost on each minting, which can result in significant losses for those who want to monopolize the entire block, including large holders and scientists.
(0,1) not only solves the problem of fair distribution, but also solves the liquidity problem.
All casting costs will be used to provide liquidity for tokens/NFTs.
- For the SPL token, half of the supply is given to effective minters, and the other half is used to create liquidity on AMM.
- For the NFT series, all supply is given to valid minters, and the minting revenue is used to establish a Bid wall.
Market Value Comparison
- Zero (47M) and Ordi (1.1B)
- One (8M) and Sols (100M)
- Upcoming Meme(?) and Silly (86M)
Next project deadline (Saturday night at 10pm Beijing time)
1. (0,1) The project team is very savvy. In addition to the Zero token and One NFT assets, the project has announced that it will issue Memecoin.
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