Mysterious (0, 1) symbol popular? One article to understand the recent hot innovation protocol Zero
Original author: Riyue Xiaochu (X: @riyuexiaochu)
Editors note: On December 22, ZERO rose to $2.2759, a 24-hour increase of 73.39%. After rising for many consecutive days, what is the origin of Zero? What’s so special about the fair startup token distribution model behind it? What does the mysterious (0, 1) symbol that KOLs put on their names one after another mean? Crypto KOL Riyue Xiaochu (X: @riyuexiaochu) posted a detailed explanation of Solana. Inscription projects are changing the way of fair distribution, andThe first person to set the standard is often the one who eats the most crab meat.
Ordi defined inscriptions, and the ensuing popularity of inscriptions also established Ordi’s status in the world, which in turn supported Ordi’s market value.
( 0,1) We are redefining a fair start-up token distribution model. The more projects adopt this distribution model in the future, the value will be fed back into the Zero ecosystem.
Zero’s fair startup token distribution model (very interesting)
This is a fair distribution method that excludes large investors/scientists through block hash random numbers + participant investment costs. Below is Zero itself as an example:
1. The 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 and therefore acts as a random number generator
4. Choose a winning method for minting/trading:
First, extract the first number from the block hash (e.g."6MjVseMy2khAe1hXnhwFCMZ6FhzuBpaLaezFYnCxZQuN"6) in, used to determine winning trades.
Then, take all the numbers in the hash (e.g. 6216) and check if they are even to determine which direction to start counting transactions from.
5. Specific implementation:
If the block hash number is an even number, count from top to bottom; if it is an odd number, count backwards.
Extract the first number 6 from the block hash and select the first transaction containing the number 6
6. The only way to cheat is to make multiple casting requests in one block, but the ingenious design of (0, 1) is that each casting has a cost, so that big investors/scientists who want to take over the entire block may also lose money. heavy.
( 0,1) Not only solves the problem of fair distribution, but also solves the problem of liquidity
All minting fees will be used to provide liquidity to the token/NFT.
For SPL tokens, half of the supply is given to valid minters and the other half is used to create liquidity on the AMM
For the NFT series, all supply is given to valid minters, and the minting proceeds are used to build the Bid wall
Market value comparison
Zero (47M) and Ordi (1.1B)
One (8M) and Sols (100M)
Upcoming Meme(?) and Silly (86 M)
The next project time node (Saturday 10 p.m. Beijing time)
1. ( 0,1) The project team is very good at playing. In addition to Zero tokens and One NFT assets, the project has already announced that it will issue Memecoin.
2. It is the same fair lottery mode mentioned above, 0.05 Sol + 1 zero each time. The continuous casting process will stimulate Zero buying and 48.5% will be distributed to successful casting users. The casting will last 45 minutes.
3. In addition, the Holder of One NFT can get 3% Meme token airdrop
It’s really exciting to see such fair start-up innovation. Welcome to add any protocols you see using the Zero method of issuance.
