Probability calculation: How to make TNA, the latest project of Nostr Assets, more stable?

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Insufficient number of lottery entries may result in lucky bias. It is recommended to participate with multiple accounts.

Original Title: "Probability Calculation: How to Make Nostr Assets' Latest Project TNA More Stable?"

Original Author: Nan Zhi, Odaily Star Daily

Yesterday, Nostr Assets Protocol announced the first external project of Fair Mint, TNA. TNA is the acronym for Taproot Name Assets, which introduces a groundbreaking protocol for issuing and managing programmable Bitcoin name assets.

Previously, Nostr Assets had a relatively high profit rate for its first Fair Mint, but with the recent decline in Bitcoin's ecosystem, this article from Odaily Star Daily will analyze the official announcement and the probability behind it.

TNA Protocol Introduction

TNA is a protocol used for issuing and managing Tapnames, which are Bitcoin native name assets developed based on the Taproot Asset Protocol (TAP), and designed for easy integration with the Lightning Network.

Tapnames are human-readable names, such as "satoshi.btc", that are mapped to wallet addresses within various networks of the Bitcoin ecosystem and linked to external identifiers such as IPFS content hash or Twitter links. TNA aims to integrate various Bitcoin assets by forming unique TNA category domains, with each Tapname assigned an identifier corresponding to a specific Bitcoin asset (such as ORDI, sat).

According to official documentation, Tapname is similar to ENS names in some ways, but has some notable differences, such as:

·As a native asset of Bitcoin, Tapnames is customized to support and integrate other Bitcoin-based DApps, including but not limited to payment processing, social networks, and community management. By mapping between BRC-20 and other Bitcoin assets, it improves user experience, simplifies transactions and multi-asset management, and enhances interoperability and scalability in the Bitcoin ecosystem.

·TNA has enhanced the traditional decentralized concept of "names" or "domain names" by introducing inherent programmability in "name assets", allowing owners to continuously upgrade their assets and add specific financial and other functions. This will increase the value of asset owners while reducing their dependence on external networks and services.

·TNA inherits the privacy features of the UTXO model, providing a more optimized account experience for the multi-asset BTC ecosystem.

Lightning Starter Detailed Explanation

TNA Token Status

Total amount: 210, 000, 000 coins;

Lightning Starter limit: 31,500,000 coins;

Token distribution: Team and advisors (10% ), future private placement (10% ), community treasury (30% ), airdrop (20% ), ecosystem (15% ), Lightning Starter (15% );

Token use case: Staking to purchase or issue Tapnames, participating in the governance of TNA.

Overview of the previous lottery method

The official has set up 12 prize pools, with the winning probability of the last four prize pools being twice that of the first eight prize pools. Users choose one of the 12 prize pools, invest in Treat and Trick assets, and receive a ranking in the pool.

·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 drawn prize pool will receive a reward (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.

Participation Method

For this Fair Mint, participants need to lock TRICK, TREAT, or NOSTR into one of the twelve lottery pools.

·Two of the lottery pools require the use of NOSTR to participate, with one pool allocating one lottery number and the other allocating two lottery numbers. Nostr Assets indicates that this commitment symbolizes support for the chain and the growth of the Nostr Assets ecosystem.

(Odaily Star Daily Note: NOSTR is the first Fair Mint token of Nostr Assets Protocol, and there has been no clear official use case before.)

·There are 10 lottery pools left that need to lock TRICK and TREAT (hereinafter referred to as double T). The document indicates that this established method will continue, and TNA will need to lock two pools in the upcoming Fair Mint event.

Due to unclear expression in the official documentation, there are several points of doubt regarding the participation method. Currently, it awaits official explanation:

Can one account participate in both the Double T pool and the NOSTR pool at the same time?