Analysoor (0, 1): A new battlefield with 100 times returns, reshaping the innovation journey of Fair Launch

TL; DR

1. Analysoor is the first Meta Protocol on the Solana chain with a unique approach to creating and distributing Non-fungible Tokens and Tokens. It provides users with Fair Launch’s minting mechanism by using the block hash as a random number generator and selecting the winner on each block. This mechanism has proven successful so far, effectively eliminating the impact of bots in the minting of $ZERO and Index ONE Non-fungible Token.
2. Fairness and Liquidity Guidance are the core values of Fair Launch. Under this mechanism, there is no pre-sale and Allowlist, no team allocation, and no GAS fee front-running transaction, everyone is on the same starting line, and the difference in capital volume cannot bring a competitive advantage in the minting process. The fees generated by minting will not flow to the project team or the Miner’s Wallet, but will all 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 recognized and recognized by more and more people. At the same time, its developers are constantly adopting more innovative ways to further combat potential bot behavior, so that fairness can be maintained and guaranteed in the long run. Among them, the application of AI algorithms and machine learning will be the most likely to see us next.
4. Analysoor’s current Market Cap may be significantly undervalued compared to the Market Cap of mainstream Lanchpad projects on other public chains such as Auction, Turt, Bake, etc. Considering that there is not yet a leading agreement for Launchpad in the Solana ecosystem, Analysoor is very likely to become this role, with huge room for value growth in the future.
5. The market demand for fairness and transparency is growing, and the mechanism of Fair Launch will become an inevitable trend, so 2024 may be the year of Meta Protocol’s explosion (especially on high-performance public chains like Solana), and Analysoor will serve as the Fair Launch on the Solana chain The first mover has great potential and a very strong vision, and we may see it being taken to a more diverse track in the future as a multi-functional launchpad, not just the minting of MEME coins and Non-fungible Tokens.

Introduction

Since the crypto market entered 2023, the popularity of the Blockchain inscription market represented by the Ordinals protocol and its Derivatives has soared, but behind this crazy market is the increasing demand for more efficient Blockchain functions, lower GAS fees and operational complexity, and fairer market participation.

At this time, the Solana ecosystem has experienced an impressive rebound, and driven by a diverse range of innovative projects and a strong ecosystem, Solana will once again emerge as the hottest contender in the Bull Market, especially with its high-throughput and low-latency trading characteristics that are essential for the inscription and Non-fungible Token markets. As of December 17, 2023, the total number of inscriptions on the Solana chain has exceeded 1 million.

Analysoor leverages the features of the Solana ecosystem to build an innovative Fair Launch mechanism, which is committed to solving the fairness problem in traditional mechanisms, and will bring a huge change to the inscription and Non-fungible Token market.

Project Introduction

Analysoor Protocol is an innovative inscription and Non-fungible Token minting protocol on the Solana chain and the first Meta Protocol in the Solana ecosystem. It combines the high throughput, low transaction fees, and fast transaction confirmation features of the Solana ecosystem with the essence of the Ordinals protocol to create a “Block Lottery” minting mechanism with a gambling nature. **Its core value lies in solving the problem of fair distribution and liquidity guidance of inscriptions and Non-fungible Tokens in the minting process, and by using Fair Launch to filter out bots and “scientists” to the greatest extent, creating a completely fair and transparent, lower threshold, and easier to operate high-experience minting environment for truly enthusiastic participants. **

When other developers use Analysoor to carry out minting 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 minting target in a short period of time, and promote the rapid formation of community consensus.

**Under the mechanism of Fair Launch, whether you are a Whale with a huge amount of capital or a retail investor who has just entered the circle, everyone is on the same starting line, has equal opportunities to earn income, and the more decentralized and equal distribution results further increase the community’s right to speak. **We have every reason to believe that Analysoor is setting off a huge wave of disruption to the public chain inscription protocol, and expect it to become a change leader and leading project in the inscription and non-fungible token minting launchpad within the Solana ecosystem.

Analysoor is still in its early stages, and its protocol and ecosystem still have huge imagination and development potential. To date, there has been no financing activity for the agreement and there are no plans to do so.

Developer and community building

Analysoor was founded by @Pland__, a data scientist and engineer with very good technical skills and innovative thinking, Analysoor has generated a lot of discussion in the crypto community since its launch, attracting the interest of a large number of users. Moreover, Pland has said in the community that because of his background in Data Science, he is trying to integrate more AI algorithm elements into the protocol to continuously improve and make further innovations, which also makes the community have more expectations for the future development of Analysoor.

While Pland has put a lot of time and effort into building and innovating the protocol, he’s put a lot of effort into building the community. Pland actively communicates with participants in the community every day, soliciting opinions and answering questions from community users, which is essential to maintain community activity and build community Consensus. At the same time, Pland has also set up discussion channels in different languages (such as Chinese, Japanese, Korean, French, etc.) in the DC community, which not only avoids misunderstandings about the project due to language problems, but also provides a discussion platform for members of the same language, which will help spread the agreement within the wider multilingual community.

As of the date of writing this article, according to Solscan’s on-chain data, the Address of its protocol Token $ZERO is 7,866, and within 48 hours of the opening of the protocol DC community, the number of community users has exceeded 500, and it is still rising (you need to hold at least 100 $ZERO or 1 Index ONE Non-fungible Token to enter the community).

Protocol revenue streams

Developers currently only receive a 2.5% royalty from the Index ONE Non-fungible Token project, which Pland says is enough to keep its protocol afloat. At the same time, Pland also holds about 1.69% of the total supply of $ZERO (currently the fourth largest Address on the chain with a total of about 355,000 coins), and he has repeatedly stated that his goal is always to develop the protocol in the long term, not to become a short-term rugger.

1. What are the possible problems with traditional deployment mechanisms?

On October 3, 2023, a Twitter man named Rijndael released the BRC-20 sniper bot Sophon by taking advantage of the BRC-20 “first come, first served” and the public nature of most Bitcoin transactions. The bot monitors the transactions of the BRC-20 deployment inscription and then front-runs the transactions by raising the GAS fee.

In this way, Rijndael was able to reliably defeat the other BRC-20 inscription deployment transactions in the Block, making his own transaction “official”, and at the same time, giving him the power to change the total supply and maximum mint of Tokens.

Since then, Rijndael has decided to set the supply of each Token where Sophon has been deployed to 1, which means that each Token will only have 1 owner, completely preventing the growth of the Token.

As you can see in the chart, after Sophon was deployed, there was a sharp drop in inscription activity for BRC-20 across the chain, with a handful or even close to zero per day. Since then, as Sophon has run out of money, the number of events has returned to its previous highs again.

Later, according to data published by Rijndael, Sophon spent only 0.0129 Bitcoin to achieve a 75% success rate of early trade, so to speak, he single-handedly created a short-lived “Bear Market” for the BRC-20 inscription market, which is in full swing.

Although Rijndael has proven in the aftermath of this incident that he is only stress-testing and experimenting with ideas, and not for the purpose of destroying the ecosystem, this incident is still a wake-up call - what will the market look like if there are multiple Sophons at the same time? Will we still have a chance to participate in the market? At least, the interests of ordinary investors are completely unsafe when a few people can dominate the entire market through technical means or capital advantage.

2. How does Analysoor’s Fair Launch mechanism work?

With Analysoor’s Fair Launch gameplay, users will no longer need to Bidding frantically by massively increasing GAS fees as in other traditional minting models. Instead, each user has a fixed cost each time they participate in minting, and each time a user participates in minting, they can be understood as buying a “Block Lottery”, and then the randomly generated hash value of that Block will be used as a basis for determining which transaction (lottery) in that Block will be the winning transaction (winner).

Overall, the first number in the Block hash will be used as the lottery number, and the parity of the combination of numbers in the hash will be used as the basis for judging the counting order (in most cases, each Block will contain at least one number in the hash value). Therefore, the logic of the winner’s judgment can be divided into two cases, and the following are examples of both cases.

This judgment logic creates a two-tiered layer of security for the process of casting distribution. Under this mechanism, if someone wants to manipulate the process of playing a new game, he must buy a large number of “lottery tickets” (at least 20 in a perfect case) in one block in order to try to occupy 10 transactions from 0 to 9 at the top and bottom, which will become a very expensive “bet”.

At the same time, the developers of the Analysoor protocol also retain the possibility of making slight changes to the judgment logic randomly in each future minting event, and the relevant information will be announced after each minting event, and the verification channel will be open to users. The core purpose is still to prevent robots from finding ways to interfere with the market in long-term fixed patterns, thus further dropping the possibility of fairness being broken.

In addition, in the Analysoor protocol, the costs incurred by all users in the process of participating in the minting process do not flow to either the Miner as GAS fees nor to the developer’s Wallet. All of these fees will be used to give back to the inscription project itself minted by the investor.

For example, during the minting process of $ZERO, all the fees generated are added to the AMM pool to provide Liquidity; And in the minting of Index ONE Non-fungible Token, all the fees received are used to Floor PriceMarket Stabilization ONE, and holders will always be able to sell ONE at a minimum price of 2.5 Sol. ** This method successfully prevents liquidity from flowing out of the inscription ecology, and the income generated by it will also attract investors to reinvest, feed back the ecological agreement, and form a positive cycle. **

3. Does Analysoor’s Fair Launch model work?

In this part, we’ll use the statistics from the $ZERO minting process to analyze whether Analysoor’s Fair Launch model actually achieves a fair distribution.

According to the new statistics, a total of 4,914 Address participated in this $ZERO casting, of which 2,654 completed at least one successful minting, accounting for 54%. With a total of 113,244 minting attempts, the calculated weighted average win rate is 9.27%. Now, let’s put the number of attempts and the win rate of all the participants into a scatter plot.

From this graph, we can see that under Analysoor’s Fair Launch model, the distribution of win percentages remains relatively flat and does not show a significant increase as the number of attempts increases. Conversely, the “lucky ones” tend to be among participants with low attempts, and the more attempts, the closer their win rate will be to the weighted average win rate.

From this box plot, we can further see the distribution of the participants’ win rate, where the third quartile (Q3) number is about 13.04%, indicating that 75% of the participants have a win rate below this number. Combined with the previous scatter plot, it is not difficult to see that the other 25% of the participants are the “lucky ones” who participate less, which is a very normal phenomenon in the lottery mechanism and does not affect the fair distribution results that we expect.

At the same time, the linear regression results show that the coefficient for the number of attempts is -0.0056, and the P-value of 0.162 also makes it impossible to reject the null hypothesis, so this result also proves once again that there is no significant linear relationship between the winning rate and the number of attempts.

In summary, the method of relying on the amount of funds to suppress other participants by increasing costs does not work in Analysoor’s Fair Launch model, and participants do not need to worry about the size of the amount of funds that will affect the fairness of their distribution results. **This also confirms what we said earlier, Fair Launch gives retail investors the same starting point as Whale, and there are no indicators that indicate that there is any unfair behavior during the $ZERO minting process.

4. How will machine learning and AI algorithms help address potential pitfalls?

Thanks to Solana’s high throughput and block production speed, using the block hash as a random number generator and picking a winner in each block brings us exciting fairness. However, this is not without its pitfalls. In the minting of the Index ONE Non-fungible Token, we saw that the transaction volume on the Solana chain reached an average of about 7,000 transactions per minute, about 120 TPS, and this is just due to this one minting event.

With a significant increase in demand for Fair Launch in the future and a significant increase in on-chain minting activity, high loads are likely to result in a single block not being able to effectively accommodate all minting, making the minting process unable to run smoothly. More importantly, this would invalidate the fair lottery mechanism implemented using block hashes, limiting the possibility of widespread adoption of Analysoor’s Fair Launch.

Therefore, it is important to consider the search for other potential alternatives. Machine learning and AI algorithms propose new solutions and directions for this risk.

Pland proposed that the classification method in AI algorithms is a solution worth trying. Specifically, the AI will be trained using Solana’s complete historical data, allowing it to determine whether each address is a qualified participant or holder based on its activity in the secondary market. In this process, multiple data Oracle Machines that provide the same proof will be used in the system to help AI assign a weight to these Addresses as a filter based on possible factors such as transaction frequency, transaction volume, market influence, asset size, etc.

To put it simply, we’ll rely on AI Algorithm to set thresholds to filter suspicious bot Address (similar to spam filtering) that will be chosen by a different Token deployer each time, and the lottery will change from “one draw per Block” to “all winners will be drawn from a larger pool at once”.

Unlike the existing mechanism, Liquidity guidance will no longer be a necessary condition in the new scheme. Therefore, we are likely to see that after the winning results are announced, only the winners will have to pay the participation fee, and the participants who do not win the lottery will be refunded in full. However, the specific adoption plan can be constantly adjusted and changed according to market conditions and needs.

This approach will propel Analysoor to true Decentralization and address potential Solana Block overload, providing the foundation for widespread adoption of Analysoor. In addition, as a Launchpad service provider, the diversified deployment options and flexibility will allow deployers to customize TGE on the basis of Fair Launch according to their own needs and the needs of the market, greatly enhancing the attractiveness of Analysoor to issuers.

However, there are some key issues that still deserve our attention in the future. For example, the biggest challenge of the mechanism is how to ensure that all factors are taken into account in the calculation of weights without compromising fairness. If the threshold is set too low, then the bot may increase the winning rate by using a large number of addresses to enter the prize pool, and if the threshold is set too high, then it may eventually form a allowlist effect, which also violates the core principle of fairness. Another aspect that needs to be clarified is whether the weights calculated by the algorithm affect the winning rate of the Address, which may lead to widespread discussion of fairness among users. In addition, the risk of Hacker doing evil by attacking Oracle Machine is also a factor that must be considered.

If these issues can be truly solved, then we will have good reason to believe that Analysoor is writing a new chapter in the history of the on-chain Token issuance model and is expected to gain significant value enhancement in the future, so we are very much looking forward to seeing what specific implementation plans Analysoor will come up with in these areas.

Tokenomics

1. $ZERO

$ZERO is the first Token issued by Analysoor using the Fair Launch model and its only SPL Token (Smart ContractToken on the Solana chain), with a total supply of 21 million, of which 10.5 million (50%) were given to the winning minters and another 10.5 million (50%) were used to create Liquidity on AMMs, with no team allocation, no private placements and no pre-sales. 98% of LP Tokens in the AMM will be locked until April 20, 2026, and the generated income will be automatically reinvested into the AMM to further expand liquidity. $ZERO’s minting rights have been waived and there will be no further issuance in the future.

During the minting process of $ZERO, a total of 8847.3 SOL minting fees were generated, all of which were put into the AMM on Metaora.

At present, according to Metaora data, the TVL of the AMM pool of SOL and ZERO has reached 9.32M, becoming the AMM pool with the highest TVL on Metaora.

On the Market Cap side, the current Market Cap of $ZERO is 38.01M (current price of $1.81), and given that Analysoor is the originator of Solana’s on-chain Fair Launch mechanism, combined with its strong vision for the future and the increased demand for Fair Launch in the underlying market, there is reason to believe that its Market Cap is still undervalued.

2. Token holdings

According to Solscan data, there are currently 10 Address holding more than 1% of $ZERO on the chain, with a total of 32.4%, and the remaining Address holding 67.6%. Among them, developer Pland, as the fourth largest address, holds a total of 1.69% of the Token.

3. Value capture

$ZERO there is no definite conclusion when it comes to enablement, but in Analysoor’s third deployment and the first community MEME coin$WHEN minting event, participants were paid 1 $ZERO and 0.05 $SOL per minting attempt.

However, this is not a long-term certainty for $ZERO. All $ZERO fees generated by this minting will be deposited into a Wallet with the aim of raising sufficient Liquidity for its future listing on the three major centralized exchanges. This gives community members and holders some future expectations, but the long-term use cases for $ZERO are still unclear.

4. Index ONE Non-fungible Token

Index ONE is the first Non-fungible Token issued on Analysoor, with a total of 10,002 pieces, of which 2 are rare Non-fungible Tokens that have not been deployed, and a total of 9,708 of the remaining 10,000 have been successfully minted, and the remaining 292 will be burned to ensure fairness.

A total of about 25,000 Addresses participated in the minting process of ONE, resulting in 536,136 minting attempts, generating a minting fee of about 26,000 $SOL, and an average win rate of about 2%.

From this statistic, we can see that in this minting, even the Address with the most attempts, their win rate is not significantly higher than the average win rate of 2%, which once again shows that the amount of money is still unable to create a significant competitive advantage under the Fair Launch mechanism, which leads to unfairness. It is worth mentioning that the reason why the 10,000 Non-fungible Tokens were not all minted was because as many as 110-130 minting requests appeared in each Block near the end of the minting, which led the project team to suspect that there might be a bot, so the minting process was ended early to prevent fairness from being broken.

Of all the minting fees generated, 5,000 $SOL is used as floor price protection in 4 Non-fungible Token markets, which makes the price of ONE never fall below 2.5 $SOL, and if someone triggers the protection mechanism and sells ONE at that price, then the ONE will be burned and will not be re-entered into the market. Another 21,000 $SOL were staked at 7.3% APY, of which $100,000 worth of assets will be withdrawn to be paid to the art designer of the ONE Non-fungible Token, and the use of the rest of the proceeds generated by the staking is currently undecided, with one possible speculation being that the proceeds may be used to raise the protection Floor Price.

At present, ONE can already be used for Non-fungible Token lending on Banx, and will be listed on more similar platforms. The final design of ONE Non-fungible Token will be decided by community voting, with the goal of creating Non-fungible Tokens that are similar to or even better than Bitmap and Solmap. For comparison, Bitmap currently has a Market Cap of around 254M, Solmap has a Market Cap of around 15M, and ONE currently has a Market Cap of only around 6.6M.

5. A misconception

                                      Source:

When we trade Index ONE on the Non-fungible Token market, we may see the rarity shown in the image, and we may find that some ONE with high rarity will have a significantly higher price than the low rarity.

However, developer Pland stated in the community that the rarity is just a bug, not a true rarity, and that there are only 2 of the 10,002 ONE that are truly rare.

We can’t completely rule out the possibility that developers will reconsider designing for this rarity in the future. But at least for now, investors need to be aware of this at the time of purchase before making an investment decision.

6. Value capture

Similar to $ZERO, ONE Non-fungible Token currently lacks certainty when it comes to enablement. In the minting event of the community’s MEME coin $WHEN, ONE Non-fungible Token holders will share 3% of the total supply of $WHEN as Airdrop rewards.

Again, this is not a long-term certainty for ONE Non-fungible Token, and Analysoor will not force other projects using the launchpad to issue airdrops to ONE holders in the future, as this is considered to significantly reduce the number of potential project parties and be detrimental to Analysoor’s long-term development.

In terms of overall Market Cap, we have selected the Market Cap of the other three current mainstream Launchpad Services to compare with Analysoor, from which we can also see that Analysoor’s current Market Cap still has very optimistic upside.

Overall, while the long-term enablement of $ZERO and ONE has not yet been decided, its developers have made it clear that they are trying to find a solution that will allow $ZERO and ONE to combine and monetize together without compromising the long-term development of the protocol.

**At present, we can be sure that both $ZERO and Index ONE will be the only two Token associated with Analysoor’s ecological value in the long term, and they are also the pioneering “totems” of the Fair Launch model on the Solana chain, which provides the impetus for us to become early holders and expect them to receive considerable value enhancement in the future, and the core value support will still come from the growth of demand for the Fair Launch mechanism in the market in the future. **

Analysoor Future Development Plans

Developer Pland said in the community that he will work on building a better legal structure before allowing more other projects to start using Analysoor for Token deployment, including creating an on-chain public verification channel for minting.

At the same time, he will work on the community building of the first community MEME Coin$WHEN and the art creation process of Index ONE Non-fungible Token, as well as further improving the Analysoor website to make it more user-friendly for new users. Most importantly, the development team will continue to make efforts to combat bots, including but not limited to the use of AI technology, to maintain a long-term stable Fair Launch mechanism.

In the future, we may see Analysoor partner with more other Solana ecosystem projects to uphold fairness while bringing its Fair Mode to more tracks, rather than just being a MEME and Non-fungible Token Launchpad.

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

With the growing demand for fairness and transparency, Fair Launch will become a more popular choice. Especially in the Crypto Assets market, there is a growing focus on the value of Decentralization and equal participation, and Fair Launch aligns with those values. In addition, as the regulatory environment matures, Fair Launch’s approach may be seen as a more compliance way to launch. Here are some of the most critical features and benefits of Fair Launch:

1. Fairness and Equal Opportunity: At its core, Fair Launch is about providing equal opportunities for all participants, regardless of their background or financial resources. This approach increases the overall inclusiveness of the project, helping to increase trust in the project and wider adoption by the community.
2. No Pre-Mining or Presale Tokens: In Fair Launch, all Tokens are created and distributed in a transparent manner after the project launches. This means that no individual or group has an unfair advantage of owning a large number of Tokens before anyone else. Typically in the Fair Launch model, the project owner adds flow pairs directly to the DEX (DEXs), making the Token tradable from the very beginning of the project (as Analysoor did in the $ZERO minting campaign).
3. Prevent Price Manipulation: The Fair Launch development team continuously implements measures to prevent bots, which are designed to maintain the fairness of the market and prevent price manipulation and unfair trading practices.
4. Community involvement: Fair launches often emphasize community engagement and engagement. This may include community voting, open discussions and forums, and other ways to ensure that everyone has a voice in the development of the project. This community-driven approach fosters long-term engagement, creates a loyal user base, and may lead to a more resilient and Decentralization network.
5. Drop Risk: By creating a level playing field and involving broader community participation, Fair Launch helps drop the overall risk associated with new Crypto Assets or Blockchain projects. This helps prevent potential scams or fraudulent activity, which is a significant risk for investors and users in the crypto space.

Overall, Fair Launch, as a powerful concept, is revolutionizing the Crypto Assets, Blockchain, and financial sectors. By promoting equality, transparency, and community participation, Fair Launch redefines how Crypto Assets and Tokens are distributed, effectively avoiding the concentration of wealth and power, and will facilitate the growth of Decentralization Networks. As the industry continues to evolve, both projects and investors need to embrace the principles of Fair Launch.

As market participants pay more attention to fairness and transparency, we expect Fair Launch to become more popular in the future, and Analysoor, as the creator of Fair Launch on the Solana chain, has reason to believe that it will be fed back in the future as the entire ecosystem grows and demand expands.

If you’re also a fan of inscriptions and Non-fungible Tokens, want to be able to participate in the market fairly, and are already tired of being endlessly involved in the GAS fee “war” in this raging inscription craze, then Analysoor’s Fair Launch mechanism will be a nugget you will definitely want to try.

Conclusion & Risk Warning

To sum up, we can summarize the main advantages and risks of Analysoor as follows.

Advantage:

1. Analysoor has a strong vision and narrative that brings new dimensions and possibilities to Non-fungible Token minting and Token distribution in the Solana ecosystem, a forward-thinking initiative that will greatly meet the needs of investors and the market.
2. Considering that several projects have already introduced this mechanism, we believe that Analysoor can take advantage of its first-mover advantage to be the first to develop and integrate various micro-innovative forms of Fair Launch. This will provide more diverse TGE options for both project deployers and participants in the future, ultimately making Analysoor a versatile launchpad on Solana.
3. Analysoor’s approach reflects a commitment to innovation and adaptation to changing market trends and user needs, which helps build a stronger community and enhance the robustness of its ecosystem.
4. The Analysoor protocol is still in its early stages, and the value of its Token $ZERO and Non-fungible Token ONE is currently undervalued, which provides good odds for investors. At the same time, the idea of combining $ZERO and ONE for empowerment also gives holders greater imagination for the future.

Risk point:

1. Fair Launch’s models do not guarantee the success or viability of the project, they simply provide a fairer starting point, and ensuring true fairness and transparency can be challenging, and the process may still be vulnerable to manipulation by those with more resources or technical expertise, including but not limited to smart contract vulnerabilities, hacking attacks, or other security issues.
2. Analysoor’s current degree of decentralization is still lacking, and its developers still have the final independent decision in terms of decision-making.
3. As Analysoor goes Open Source, its Fair Launch’s innovative mechanism has the potential to be imitated. Considering the small size of the Analysoor team and the small amount of funding, if the larger team imitates it, the larger funding and stronger development team may have a certain impact on Analysoor’s influence.

Overall, we still have strong optimistic expectations about Analysoor’s Fair Launch model and its future development, and expect Analysoor to become the leading project of Solana’s on-chain Fair Launch model and Launchpad, and ultimately lead the storm of change in the entire crypto industry.

Reference

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