Solana's new protocol Analysoor: The creation of a lottery-style fair minting mechanism

Author: veDAO Research Institute

In recent days, following a strong surge in BRC20 tokens, a trading frenzy of Meme coins in the Solana public chain ecosystem is sweeping through the crypto world, leading to a massive price increase of many related tokens. Within 7 days, the SOL token rose by 56%, breaking through $115, and leaping to become the fourth largest ecosystem. Moreover, its ecosystem's Silly Dragon token has surged over 500 times from its lowest point, with a 24-hour increase of 112.61%, and the ZERO token has rapidly and steadily increased by 136% within two days. This wave of trading enthusiasm for Meme coins on Solana and Avalanche chains not only continues the overall market's heat but also promotes sustained attention to public chain ecosystems. According to TrendX's Twitter market sentiment analysis, the sentiment indicators related to Meme are showing "relatively positive," reflecting much interest and optimism.

Today, I want to share with you the Analysoor protocol behind the ZERO token. The reason for choosing it among many currently popular protocols is that its gameplay is very interesting, and it possesses user engagement and sustainability, making it a project with promising future potential.

What is Analysoor?

ZERO is created by the Analysoor project on Solana and is the project token of Analysoor. Analysoor is the first meta-protocol on Solana, officially launched on December 13, and is still in its early stages. This protocol, which has become so popular upon launch, was founded by early Ordinals OG and Solana developer Pland. The protocol introduced a unique minting mechanism that ensures fairness and transparency in the NFT minting process.

Analysoor has introduced an Index Protocol off-chain indexer, utilizing Solana's historical data to prevent bot participation, which allows for a fairer distribution during the release of Meme coins and guides the liquidity of tokens. The ZERO token is launched as the first pure inscription deployed by Analysoor.

Analysoor adopts a system that mints once per block, eliminating the need for users to participate in a frenzied bidding process, thus creating a fair competitive environment for all participants. With its innovative initiatives in NFT minting and the launch of ZERO, the protocol is expected to fundamentally change the way we interact with digital assets.

How does Analysoor work?

Analysoor is dedicated to building an NFT data center, particularly targeting Ordinals and Solana NFTs, and has been deeply engaged in this area for some time. The protocol has now accumulated a loyal fan base and recently launched its own NFT collection.

The Analysoor NFT collection consists of 10,000 unique NFTs, each representing a block on the blockchain. Since only one NFT can be minted per block, this collection provides users with a unique opportunity. The minting process will last for at least one and a half hours, giving users ample time to participate without the pressure of rushed minting. In the spirit of fairness and transparency, Analysoor does not offer refunds for failed mints. All fees collected during the minting process will be accumulated and used for 10,000 bids in the NFT market. This strategic move not only ensures that the value of Analysoor NFTs can be enhanced but also creates a vibrant secondary market for these digital collectibles.

Firemint Gameplay: Fair Distribution of ZERO Tokens

This is a fair distribution method that excludes large whales or bots through a combination of block hash random numbers and participant investment costs. Since its gameplay design is completely random, the success or failure of minting feels like a lottery, also referred to as a gambling mechanism. Below is an example using the ZERO token:

1. The Solana blockchain generates a block approximately every 400 milliseconds;

2. If only one valid minting request is selected per block, minting a complete series of 10,000 NFTs will take about one and a half hours;

3. Each block has a unique identifier—the block hash. This hash value is unknown before the block is confirmed, thus serving as a random number generator.

4. Determine the minting/trading method: First, extract the first digit from the block hash to determine the winning transaction. Then, take all the digits from the hash and check if they are even to determine from which direction to count transactions;

5. Specifically, if the number from the block hash is even, count from top to bottom; if odd, count from bottom to top.

6. Upon successful minting, the corresponding number of tokens will be airdropped to the participant's wallet.

Gameplay provides liquidity:

During the minting process, each transaction incurs a fee of 0.08 SOL. As mentioned earlier, for users who fail to mint, the minting fee is non-refundable, and all minting fees will be added to the AMM pool. For SPL tokens, half of the supply is given to valid minters, while the other half is used to create liquidity on the AMM; for the NFT series, the entire supply is given to valid minters, and the minting proceeds are used to establish a Bid wall.

ZERO Token Economics

ZERO is a Solana chain token that combines the concepts of inscriptions, Meme, and gambling. The total supply of ZERO tokens is 21 million, of which 10.5 million will be minted at a price of 0.08 SOL each, with all minting proceeds injected into the AMM ZERO pool.

It is reported that the probability of winning a ZERO token minting is about 8%, resulting in a market value of $1.3 million when joining the liquidity pool. According to Discord messages, the liquidity pool experiment for ZERO tokens raised a total of $640,000, and an equivalent of $640,000 in SOL is expected to be injected into the protocol.

Interlude and Outlook

The Analysoor protocol has just been launched, and the ZERO token is the first series released by this protocol. Subsequently, on December 17, the second "ONE" NFT series also began minting. However, both minting events were not without issues:

First, during the ZERO series, about three hours after the minting ended, some users had not yet received their entitled ZERO tokens. Analysoor even stated on social media that funds originally planned for the LP pool were mistakenly sent to ZERO holders, and they released the wallet addresses of the holders, urging them to return the ZERO tokens.

Secondly, during the minting of the ONE series, due to excessive popularity, Analysoor manually closed the minting entrance before the time ended, stating that the remaining participants were mostly bots. After the minting ended, there were also cases where winning users did not receive their entitled NFTs for a long time.

Ultimately, these minor issues were resolved by Analysoor's long-term after-sales service. On December 20, Analysoor opened the Discord community, with the entry requirement being to hold 100 ZERO or 1 ONE.

In the Discord community messages, Pland has already hinted that a community-led Meme coin will be issued next, with Analysoor only responsible for initiating token minting and locking the liquidity pool. The minting method will also be a fair gambling model, with a transaction fee of 0.05 SOL + 1 ZERO. The minting will last for 45 minutes, and it is expected that the continuous minting process will stimulate buying pressure for ZERO, with 48.5% allocated to successful minters. Additionally, holders of One NFTs will receive a 3% airdrop of Meme tokens.

Conclusion

Objectively speaking, this fair minting method indeed aligns with the overall narrative of decentralization, and this mechanism possesses inherent randomness. This lottery-like nature of the gameplay will certainly attract many users willing to participate. Because it is fair, everyone has a chance, and the possibility of unexpected wins creates a certain addictive quality. I hope to see future minting activities proceed safely and smoothly, with the team continuously optimizing and enhancing user experience. Otherwise, as the project gains popularity and the number of participating addresses increases, it not only fundamentally lowers the probability of winning, making it feel hopeless, but also should not let participants feel anxious due to minor issues.

Overall, the innovative creation of this fair minting mechanism has a fundamental reason to continue. After a major reshuffle, the Solana public chain has returned strongly, providing robust support for many projects within its ecosystem. Friends interested in Analysoor can continue to follow the official operational news and look forward to the performance of the next Meme token minting!