MT Capital Research Report: Fair Launch, a profound change in the way tokens are issued
Author: Xinwei, Ian
TL;DR
In the past few years,BlockchainThe industry has undergone tremendous changes, especially inTokenThere has been a significant innovation in the issuance method. From the initial simple ICO to the complex DeFi structure, and then to today’s Fair Launch andCommunityThese changes have not only reshaped the asset allocation landscape, but have also attracted widespread attention from market participants. Next, we will take a closer look at several representative projects, each with its own uniqueTokenThe way it is distributed demonstrates the innovation and progress in this field.
This article deeply analyzes several key projects, from Inscription's retail-driven model, to Blast's incentive innovation, to ZKFair's emphasis on fairness, to Analysoor's distribution innovation, to Binance's redefinition of the Fair Mode.TokenEconomy, these projects not only demonstratecryptocurrencyThe diversity of the ecosystem also reflects the market's growing demand for transparency and fairness.
Ian, investment director of MT Capital, said: "In the experiments of projects such as #BRC20, #Blast, #ZERO, and #ZKFair, we have witnessed a great innovative way - fair distribution for all. They do not rely on platform coins or investors. The earliest participants have completed the investment, distribution, marketing and evangelism of the project. This is similar to the liquidity mining in DeFi Summer. The project's own liquidity incentives have created prosperity for the entire chain. Fair distribution has greatly improvedCommunityThe enthusiasm of the participants has reached an unprecedented level.”
inscription
The rise of inscriptions is similar to the previous DeFi Summer, and the core lies in the concept of fair launch. This concept was very popular during the DeFi Summer period, mainly referring to the project party not retaining any share in the initial token distribution. For example, Andre Cronje, the founder of Yearn (YFI), claimed that he did not pre-mine, retain tokens, or notify insiders in advance. This practice greatly enhanced his reputation and brought huge TVL to Yearn.
However, as the DeFi Summer gradually came to an end, the market witnessed the emergence of more and more projects.cryptocurrencyThe ecosystem became more mature. During this period, capital began to enter the market, opening up a VC-driven project launch model. Under this model, projects with large financing amounts and high reputation of investment institutions are more likely to attract market attention. This also gave rise to some users who mainly rely on "money-making" to survive and ordinary retail investors who are eager for airdrops from star projects.
In this context, the emergence of inscriptions has brought new changes. It is regarded by some as "the world of retail investors" because all chips are minted entirely by retail investors. Although inscriptions are regarded by some critics as having only meme coin attributes and lacking long-term practical application scenarios, they provide more opportunities for retail investors. As more and more inscription projects are born and end the asset issuance stage, the Bitcoin ecosystem is expected to enter a new application construction stage.
https://geniidata.com/ordinals/index/brc20
Blast
Since its launch on November 21, Blast has quickly becomecryptocurrencyThe focus of the market, demonstrating its innovation and appeal in the Layer 2 network field.
Blast is a Layer2 network launched by Pacman, the founder of Blur. Based on Optimistic Rollups technology, Blast is compatible with Ethereum, providing a convenient access method for developers and dApps. The rapid growth of Blast's TVL and number of users is quite eye-catching. Currently, Blast TVL has reached 1 billion US dollars.
In addition, Blast has completed a $20 million financing round with participation from Paradigm and Standard Crypto.
One of the main ways Blast attracts users and developers is through airdrops and incentive mechanisms. According to the plan, an airdrop will be carried out in May 2024 to reward early members and developers. Users can deposit assets and invite new users to join Blast. L2 These points will directly affect the number of airdrops they receive. This mechanism encourages user participation and promotion.
The core appeal of Blast is itsStaking Miningand additional rewards. By depositing funds into Blast and staking on the Ethereum mainnet using Lido, users can not only obtain staking income, but also receive additional Blast rewards. The fundamental purpose of this strategy is to increase TVL and attract more users to participate in order to obtain additional Blast rewards. Blast's success relies on its innovative Layer2 solution and incentive mechanism to attract users and developers.
https://dune.com/0xramen/blast-stats
ZKFair
ZKFair（ZKF）是一个基于以太坊的创新项目，专注于建立一个公平且由Community驱动的二层网络。作为以太坊上第一个利用 Polygon CDK 和 Celestia DA 技术的 ZK-Rollup，ZKFair 的核心目标是降低当前第二层网络对用户的高准入门槛。在目前的市场环境中，许多 ZK-L2 Projects are led by VCs with high valuations, but it is difficult for ordinary users to get substantial returns from them. These projects also encourage users to pay high transaction fees, but the token incentives are issued slowly, which is not user-friendly.
ZKFair is trying to change this by creating a fair-launched, community-driven network. This network is not only technologically advanced, but also supported by Lumoz RaaS. The project's native token $ZKF adopted a 100% fair launch method, with no shares reserved for investors, bookers or early miners. All tokens are planned to be airdropped to the community after the mainnet is launched, and the total supply is set at 10 billion, of which 7.5 billion will be used for gas fee airdrops and the remaining 2.5 billion will be used for community users.
What makes ZKFair so eye-catching is its unique market positioning and distribution strategy. Market analysis is generally optimistic about its opening potential, and it is expected to achieve a 5-10 times increase in value. It uses the stablecoin USDC as Gas, combined with a low market value and a novel chip distribution model, this project provides investors with an attractive story and a fair distribution mechanism. Regarding token acquisition, the rules state that addresses that have interacted with platforms such as zkSync, Scroll, ZKSpace, Polygon EVM, Linea, etc. within a specific period of time are eligible for airdrops. In addition, the project also stipulates the detailed process and restriction rules for burning Gas to obtain ZKF tokens, as well as strategies for how to quickly consume Gas by interacting with Dapps.
Analysoor
Analysoor is the first Meta Protocol on the Solana chain, introducing an innovative method for NFT and token creation and distribution. At its core, it uses block hash values as random number generators to select a winner per block, effectively offsetting the influence of robots in the $ZERO and Index ONE NFT casting process.
Analysoor's fair issuance mechanism focuses on fairness and liquidity orientation, with no pre-sale, whitelist, team allocation, or GAS fees paid for first-time transactions. This means that every participant is on the same starting line, and differences in capital volume will not affect the casting competition. The casting fee does not flow to the project party or miners, but is used to increase liquidity and support the ecology and community.
Analysoor is building a strong community consensus, and its value and potential are being recognized by more and more people. Developers are also working hard to adopt more innovative methods to combat potential robot behavior and ensure the long-term maintenance of fairness, including AI Algorithms and machine learning will play an important role.
Compared to other mainstream Launchpad projects on other public chains, Analysoor’s current market value may be underestimated. Considering that there is no leading Launchpad protocol in the Solana ecosystem, Analysoor has the potential to become this role and achieve huge value growth in the future.
The market demand for fairness and transparency is growing, and the Fair Launch mechanism will become a trend. Especially on high-performance public chains such as Solana, 2024 may be the year when Meta Protocol breaks out. As a pioneer of Fair Launch on the Solana chain, Analysoor has great potential and a strong vision, and may expand into a multi-functional Launchpad in the future.
Fair Mode
Binance recently launched Launchpool The "Fair Mode" model represents an important innovation in the token economic system. The core of this model lies not only in the project itself, but also in the reconceptualization of the token economic system, aiming to promote the long-term healthy development of the project. Fair Mode introduces a long-term development fund of 27%. These tokens cannot be consumed or sold, and will not enter the market circulation. Instead, they are used for staking and participating in the ecosystem to support the continued growth of the project. In addition, the model fairly distributes up to 21% of tokens to retail investors in its initial circulation of 25%.Xiaobai NavigationThis not only increases the community’s influence in project decision-making, but also stimulates their willingness to cooperate with project parties.
By increasing the initial circulation and reducing the future unlocking amount, Fair Mode reduces the selling pressure in the market and lays the foundation for the long-term stability of the token value. At the same time, by reducing the token proportion of the team and investors, this model reduces their ability to manipulate the market and helps maintain the healthy value of the token. Binance has demonstrated its deep understanding of the industry by introducing Fair Mode, which may lead a new trend for the innovation of the token economic system. This model emphasizes the rationality and fairness of token distribution and is expected to become a driving force for the entireBlockchainAn important factor for the advancement of technology and token economy.
https://twitter.com/heyibinance/status/1737813180141666324
Summarize
In summarizing this brief Insight, we can see thatBlockchainThe field has seen significant evolution and innovation in the way tokens are issued. From the initial ICO to DeFi, and then to today's fair issuance and community-driven models, these changes have not only redefined the way assets are distributed, but also attracted widespread attention from the market. Specific projects such as Inscription, Blast, ZKFair, Analysoor and Binance's Fair Mode have continued to adopt a fair distribution model and have received good market and main feedback. The successful attempts of these projects not only demonstrate the diversity and maturity of the cryptocurrency ecosystem, but also emphasize the role of community participation and fair issuance in the future.Blockchain技术发展中的重要性。随着这些创新的推进，Blockchain行业预计将继续在全球金融和技术领域扮演重要角色，并为未来的发展开辟新的可能性。
The article comes from the Internet:MT Capital Research Report: Fair Launch, a profound change in the way tokens are issued
相关推荐: 坎昆升级临近，L2 的 Show Time 到来？
The L2 "competition involution" after the Cancun upgrade has really begun. Written by: Haotian Recently, layer2 has finally broken the silence and raised its head. Tokens such as $OP, $ARB, and $METIS have shined brightly, just like the Show Time moment on the eve of the Cancun upgrade. Why did the layer2 "competition involution" after the Cancun upgrade…
相关文章
