Author: Xinwei, Ian
In the past few years, the blockchain industry has undergone tremendous changes, especially in the way tokens are issued. From the initial simple ICO to the complex DeFi structure, to today's Fair Launch and community-driven models, these changes have not only reshaped the landscape of asset allocation, but also attracted widespread attention from market participants. Next, we will delve into several representative projects, each of which has demonstrated innovation and progress in this field through its unique token issuance method.
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 method innovation, to Binance's redefinition of token economics with Fair Mode. These projects not only demonstrate the diversity of the cryptocurrency ecosystem, but also reflect 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 approach - fair distribution for all. They do not rely on platform coins or investors, and the earliest participants have completed the investment, distribution, marketing, and evangelism of the project. This is similar to the liquidity mining in DeFi Summer, where the project's own liquidity incentives have created prosperity for the entire chain. Fair distribution has greatly increased the enthusiasm of community participants and has reached an unprecedented level."
The rise of inscriptions, similar to the previous DeFi Summer, is centered on 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 DeFi Summer gradually came to an end, the market witnessed the emergence of more and more projects, and the entire cryptocurrency 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 "margin trading" to survive and ordinary retail investors who are eager for airdrops from star projects.
In this context, the emergence of Inscription 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 Inscription is regarded by some critics as having only meme coin attributes and lacking long-term practical application scenarios, it provides 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
Since its launch on November 21, Blast has quickly become the focus of the cryptocurrency market, demonstrating its innovation and appeal in the Layer2 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 the 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 earn points by depositing assets and inviting new users to join the Blast L2 network. These points will directly affect the number of airdrops they receive. This mechanism encourages user participation and promotion.
The core appeal of Blast lies in its combination of staking mining and 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 (ZKF) is an innovative project based on Ethereum, focusing on building a fair and community-driven second-layer network. As the first ZK-Rollup on Ethereum that utilizes Polygon CDK and Celestia DA technology, ZKFair's core goal is to lower the current high entry barriers for users in the second-layer network. In the current market environment, many ZK-L2 projects are led by VCs with high valuations, and 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 slow to be issued, which is not user-friendly.
ZKFair seeks to change this by creating a fair-launched, community-driven network that is both technologically advanced and backed by Lumoz RaaS. The project’s native token, $ZKF, was launched 100% fairly, with no shares reserved for investors, pre-orderers, or early miners. All tokens are scheduled to be airdropped to the community after the mainnet launch, with a total supply set at 10 billion, of which 7.5 billion will be used for gas fee airdrops and the remaining 2.5 billion 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 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 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 the block hash value as a random number generator to select a winner per block, effectively offsetting the influence of robots in the $ZERO and Index ONE NFT minting 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 ecosystem 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 long-term fairness, in which 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.
https://medium.com/@GryphsisAcademy/analysis-0-1-innovating-fair-launch-with-random-hash-4a36ad6a0437
Binance's recently launched Launchpool model "Fair Mode" represents an important innovation in the token economic system. The core of this model is not only the project itself, but also the re-conceptualization of the token economic system, aiming to promote the long-term and healthy development of the project. Fair Mode introduces a 27% long-term development fund. These tokens cannot be consumed or sold, and will not enter the market circulation, but 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 25% initial circulation, including Binance launchpool and airdrops, which not only increases the community's influence in project decisions, but also stimulates their willingness to cooperate with the project party.
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 an important factor in promoting the development of the entire blockchain technology and token economy.
https://twitter.com/heyibinance/status/1737813180141666324
In concluding this short Insight, we can see the significant evolution and innovation in the way tokens are issued in the blockchain field. From the initial ICO to DeFi 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 feedback from the market and major players. The successful attempts of these projects not only demonstrate the diversity and maturity of the cryptocurrency ecosystem, but also emphasize the importance of community participation and fair issuance in the future development of blockchain technology. As these innovations advance, the blockchain industry is expected to continue to play an important role in the global financial and technology sectors and open up new possibilities for future development.