Original Title: "Analysoor (0, 1): A New Battlefield for Hundredfold Returns, the Innovative Journey of Reshaping Fair Launch"

Original Source: Gryphsis Academy

TL;DR

1. Analysoor is the first Meta Protocol on the Solana blockchain, which adopts a unique approach to create and distribute NFTs and tokens. It provides users with a Fair Launch mechanism for minting by using block hash values as random number generators and selecting winners on each block. This mechanism has been proven successful and effective in eliminating the impact of bots in the minting of $ZERO and Index ONE NFTs.

2. Fairness and liquidity guidance are the core values of Fair Launch. Under this mechanism, there are no pre-sales or whitelists, no team allocations, and no gas fees for front-running transactions. Everyone is on the same starting line, and differences in funding cannot bring competitive advantages in the minting process. The costs generated by minting will not flow to the project party or miner's wallet, but will be used to create liquidity, feed back to the ecology and community, and form a positive flywheel.

3. Analysoor is forming a strong community consensus, and its value and potential are being increasingly recognized and acknowledged by more and more people. At the same time, its developers are constantly using more innovative ways to further combat potential bot behavior, in order to ensure that fairness can be maintained in the long term. Among them, the application of AI algorithms and machine learning is likely to be what we will see next.

4. Compared with the market value of other mainstream Lanchpad projects on public chains such as Auction, Turt, and Bake, the current market value of Analysoor may be severely underestimated. Considering that there is currently no leading protocol for Launchpad in the Solana ecosystem, Analysoor is very likely to become this role and have huge potential for value growth in the future.

5. The market's demand for fairness and transparency is increasing, and the mechanism of Fair Launch will become an inevitable trend. Therefore, 2024 may be the year of Meta Protocol's outbreak (especially on high-performance public chains like Solana), and Analysoor, as a pioneer of Fair Launch on Solana, has tremendous potential and a strong vision. We may see it being brought into more diverse tracks in the future, becoming a multi-functional Launchpad, not just for MEME coins and NFT minting.

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Since the cryptocurrency market entered 2023, the popularity of blockchain inscriptions represented by the Ordinals protocol and its derivatives has skyrocketed. However, behind this crazy market is the increasing demand for more efficient blockchain functionality, lower GAS fees and operational complexity, and more fair market participation.

At this moment, the Solana ecosystem has experienced an impressive rebound. With the promotion of diversified innovative projects and a strong ecosystem, Solana will once again become one of the hottest competitors in the bull market, especially with its high throughput and low latency transaction features, which are crucial for the inscription and NFT markets. As of December 17, 2023, the total number of inscriptions on the Solana chain has exceeded one million.

Analysoor has fully utilized the characteristics of the Solana ecosystem to create an innovative Fair Launch mechanism, aiming to solve the fairness issues in traditional mechanisms, and will bring about a huge revolution for the inscription and NFT markets.

One, Project Introduction

Analysoor Protocol is an innovative inscription and NFT minting protocol on the Solana chain, and also the first Meta Protocol in the Solana ecosystem. It wonderfully combines the high throughput, low transaction fees, and fast transaction confirmation characteristics of the Solana ecosystem with the essence of the Ordinals protocol, creating a "blockchain lottery" minting mechanism with gambling properties. Its core value lies in solving the problem of fair distribution and liquidity guidance of inscriptions and NFTs in the minting process. By utilizing Fair Launch to the fullest extent, it filters out bots and "scientists" and creates a completely fair and transparent, lower threshold, and easier-to-operate high-experience minting environment for truly passionate participants.

When other developers use Analysoor to carry out casting 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 casting targets in a short period of time, promoting the rapid formation of community consensus. Under the Fair Launch mechanism, whether you are a whale with a huge amount of funds or a novice retail investor who has just entered the circle, everyone is on the same starting line and has an equal opportunity to earn profits. At the same time, the more decentralized and equal distribution results also further increase the community's discourse power. We have every reason to believe that Analysoor is triggering a huge disruptive wave for the public chain inscription protocol, and we look forward to it becoming a leading project in the inscription and NFT casting launchpad within the Solana ecosystem.

Analysoor is still in its early stages, and its protocol and ecosystem have huge potential for imagination and development. As of now, the protocol has not yet engaged in any fundraising activities, nor are there any related plans.

二、开发者及社区构建情况

Translation:

2. Developer and Community Building Status

Analysoor was founded by @Pland__, who is a data scientist and engineer with outstanding technical skills and innovative thinking. Since its launch, Analysoor has sparked extensive discussions in the cryptocurrency community and attracted a large number of users. Moreover, Pland has stated in the community that due to his background in Data Science, he is trying to incorporate more AI algorithm elements into the protocol to continuously improve and make further innovations, which has also raised more expectations for the future development of Analysoor in the community.

Although Pland has invested a lot of time and effort in building and innovating the protocol, he has also made a lot of efforts in community building. Pland communicates actively with participants in the community every day, solicits opinions from community users, and answers questions, which is crucial for maintaining community activity and building community consensus. At the same time, Pland has set up discussion channels in different languages (such as Chinese, Japanese, Korean, French, etc.) in the DC community, which not only avoids misunderstandings of the project due to language issues, but also provides a platform for members of the same language to discuss, which will help the protocol spread in a wider range of multilingual communities.

As of the date of writing this article, according to the on-chain data displayed by Solscan, there are 7866 holding addresses for the protocol token $ZERO. Within 48 hours of the opening of the DC community, the number of community users has already exceeded 500 and is still rising (entry into the community requires holding at least 100 $ZERO or 1 Index ONE NFT).

Three, revenue sources from agreements

Developers currently only charge a 2.5% copyright fee from the Index ONE NFT project. Pland stated that this income is sufficient to maintain the operation of its protocol. At the same time, Pland also holds approximately 1.69% of the total supply of $ZERO (currently the fourth largest holding address on the chain, totaling approximately 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 problems may exist in traditional deployment mechanisms?

On October 3, 2023, a person named Rijndael on Twitter released the BRC-20 sniper robot Sophon by taking advantage of the "first come, first served" nature of BRC-20 and the public nature of most Bitcoin transactions. The robot monitors transactions deploying BRC-20 inscriptions and then outpaces them by increasing GAS fees. In this way, Rijndael was able to reliably defeat other BRC-20 inscription deployment transactions in the block, making his own transaction the "official" transaction, while also giving him the power to change the total supply and maximum minting of tokens.

Afterwards, Rijndael decided to set the supply of each token deployed by Sophon to 1, which means that each token will only have 1 owner, completely preventing the development of the token.

As shown in the figure, after Sophon was deployed, the entire BRC-20 inscription activity on the chain experienced a sharp decline, with only a few or even close to 0 activities per day. Subsequently, as Sophon's funds were depleted, the number of activities returned to the previous high point. According to the data released by Rijndael afterwards, Sophon only spent 0.0129 bitcoins to achieve a 75% success rate of front-running transactions. It can be said that he single-handedly created a brief "bear market" scene for the hot BRC-20 inscription market.

Although Rijndael has proven that he was only conducting stress tests and experiments on the idea, rather than intending to harm the ecosystem, this incident still serves as a warning. What would happen to the market if multiple Sophons were present? Would we still have a chance to participate in the market? At the very least, when a small group of people can dominate the entire market through technological means or capital advantages, the interests of ordinary investors cannot be guaranteed.

3.2 Analysoor's Fair Launch mechanism is implemented how?

Through Analysoor's Fair Launch mechanism, users will no longer need to engage in crazy bidding by increasing GAS fees as in other traditional minting models. Instead, the cost for each user to participate in minting is fixed, and each time a user participates in minting, they can be understood as purchasing a "block lottery". Then, the randomly generated hash value of the block will be used as the basis for determining which transaction (lottery) in the block will become the winning transaction (winner).

Overall, the first digit in the block hash value will be used as the winning number, while the parity of the digit combination in the hash value will be used as the basis for determining the counting order (in most cases, at least one digit will be included in the hash value of each block). Therefore, the winner's decision logic can be divided into two scenarios, and the following are examples of these two scenarios.

This type of logic creates a dual-layer security protection for the casting allocation process. Under this mechanism, if someone wants to manipulate the process of new issuance, they must purchase a large number of "lottery tickets" (ideally at least 20) in a block in an attempt to occupy 10 transactions from 0-9 at both the top and bottom, which would become a very expensive "bet".

At the same time, the developers of the Analysoor protocol have also reserved the possibility of making slight changes to the judgment logic randomly in each casting activity in the future. The relevant information will be announced after each casting activity and will be open to user verification channels. Its core purpose is still to prevent robots from finding ways to interfere with the market in long-term fixed patterns, thereby further reducing the possibility of fairness being compromised.

Four, Tokenomics

4.1 $ZERO

During the casting process of $ZERO, a total of 8847.3 SOL casting fees were generated, and all fees were deposited into the AMM on Metaora.

In terms of market capitalization, the current market capitalization of $ZERO is 38.01M (current price $1.81). Considering that Analysoor is the creator of the Fair Launch mechanism on the Solana chain, 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 value is still undervalued.

According to Solscan data, there are currently 10 addresses holding more than 1% of $ZERO on-chain, accounting for a total of 32.4%. The remaining addresses hold 67.6% of the tokens. Among them, developer Pland holds 1.69% of the tokens as the fourth largest holder.

4.3 Value Capture

4.4 Index ONE NFT

Index ONE is the first NFT issued on Analysoor, with a total of 10002 pieces, of which 2 are rare NFTs that have not been deployed. The remaining 10000 pieces have 9708 successfully minted, and to ensure fairness, the remaining 292 pieces will be burned.

During the casting process of ONE, approximately 25,000 addresses participated in the casting, resulting in 536,136 casting attempts and approximately 26,000 $SOL casting fees. The average casting success rate was about 2%.

From the statistics, we can see that even the addresses with the most attempts during the casting process did not have a significantly higher win rate than the average win rate of 2%. This once again demonstrates that the size of funds cannot create a significant competitive advantage under the Fair Launch mechanism, leading to the emergence of unfairness. It is worth mentioning that the reason why not all 10,000 NFTs were cast is because there were as many as 110-130 casting requests in each block near the end of the casting process, which led the project team to suspect the presence of bots. Therefore, the casting process was ended early to prevent fairness from being compromised.

Among all the casting costs incurred, 5000 $SOL were used as floor price protection in 4 NFT markets, which ensures that the price of ONE will never be lower than 2.5 $SOL. If someone triggers the protection mechanism and sells ONE at this price, the ONE will be burned and will not re-enter the market. In addition, 21000 $SOL were staked with a yield of 7.3% APY, and assets worth $100,000 will be withdrawn to pay the art designer of ONE NFT. The use of the remaining staking income has not yet been decided, and a possible speculation is that the income may be used to increase the floor price protection.

Currently, ONE can already be used for NFT lending on Banx and will be featured on more similar platforms. The final design of ONE NFT will be decided by community voting, with the goal of creating NFTs similar to or even better than Bitmap and Solmap. For comparison, Bitmap currently has a market value of approximately 254M, Solmap has a market value of approximately 15M, while ONE's current market value is only about 6.6M.

4.5 A Misconception

Source:https://www.tensor.trade/trade/one

When we trade Index ONE in the NFT market, we may see the rarity shown in the figure, and we may find that the prices of ONE with higher rarity are significantly higher than those with lower rarity.

However, developer Pland stated in the community that the rarity is just a bug and not the true rarity, and the true rarity is only 2 out of the 10002 ONE.

Similar to $ZERO, ONE NFT currently does not have a clear consensus on empowerment. In the minting activity of the community MEME coin $WHEN, ONE NFT holders will share 3% of the total supply of $WHEN as airdrop rewards.

Regarding the overall market value, we have compared the market values of Analysoor with three other mainstream Launchpad Services, and it can be seen that Analysoor still has a very optimistic upward potential in its current market value.

Overall, although the long-term empowerment of $ZERO and ONE has not yet been determined, their developers have clearly stated that they are trying to find a solution that allows $ZERO and ONE to combine and profit together without affecting the long-term development of the protocol. What we can confirm now is that $ZERO and Index ONE will both be the only two tokens associated with Analysoor's ecological value in the long term, and they are also the pioneers of the Fair Launch mode on the Solana chain. This provides us with the motivation to become early holders and expect them to gain considerable value in the future, while the core value support will still come from the market's future demand growth for the Fair Launch mechanism.

Five, Analysoor Future Development Plan

Prospects - How will the Fair Launch mechanism change the market?

1. Fairness and Equal Opportunity: The core of Fair Launch is to provide equal opportunities to all participants, regardless of their background or financial resources. This approach increases the overall inclusivity of the project, helps to improve the project's credibility, and promotes wider adoption within the community.

2. No pre-mining or pre-sale tokens: In a Fair Launch, all tokens are created and distributed transparently after the project launch. This means that no individual or group has an unfair advantage of owning a large amount of tokens before others. Typically, in the Fair Launch model, project owners directly add liquidity to decentralized exchanges (DEXs), making the tokens tradable from the very beginning of the project (as Analysoor did in the $ZERO minting event).

3. Preventing Price Manipulation: The Fair Launch development team will continuously implement measures to prevent bots, with the aim of maintaining market fairness and preventing price manipulation and unfair trading practices.

4. Community Participation: Fair launch often emphasizes community participation and engagement. This may include community voting, open discussions and forums, and other ways to ensure that everyone has a voice in the project's development. This community-driven approach promotes long-term participation, creates a loyal user base, and may lead to a more resilient and decentralized network.

5. Risk Reduction: By creating a fair competitive environment and involving a wider community participation, Fair Launch helps to reduce overall risks associated with new cryptocurrencies or blockchain projects. This helps to prevent potential scams or fraudulent activities, which are a major risk faced by investors and users in the crypto space.

Overall, Fair Launch, as a powerful concept, is revolutionizing the cryptocurrency, blockchain, and financial industries. By promoting equality, transparency, and community participation, Fair Launch is redefining the distribution of cryptocurrencies and tokens, effectively avoiding the concentration of wealth and power, and promoting the growth of decentralized networks. As the industry continues to evolve, projects and investors alike need to embrace the principles of Fair Launch.

With the increasing emphasis on fairness and transparency by market participants, we expect Fair Launch to become more popular in the future. As the pioneer of Solana's on-chain Fair Launch, Analysoor has reason to believe that it will be further supported in the future with the development and expansion of the entire ecosystem and demand.

If you are also a fan of inscriptions and NFTs, and hope to participate in the market fairly, and have become tired of being endlessly involved in the "war" of GAS fees in this frenzy of inscriptions, then Analysoor's Fair Launch mechanism will be a golden opportunity you definitely want to try.

Six. Conclusion and Risk Warning

1. Analysoor has a strong vision and narrative, bringing new dimensions and possibilities to NFT minting and token distribution in the Solana ecosystem. This forward-thinking initiative will greatly satisfy the needs of investors and the market.

2. Considering that multiple projects have already adopted this mechanism, we believe that Analysoor can leverage its first-mover advantage to develop and integrate various micro-innovative Fair Launch forms. This will provide more diverse TGE options for project deployers and participants in the future, ultimately making Analysoor a multi-functional Launchpad on Solana.

3. Analysoor's approach embodies a commitment to innovation and adapting to constantly changing market trends and user needs, which helps to build a stronger community and enhance the robustness of its ecosystem.

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