By Xinwei, Ian

TL;DR

In recent years, the blockchain industry has undergone tremendous changes, particularly in the methods of token distribution. From the simple Initial Coin Offerings (ICOs) to complex DeFi structures, and now to today’s Fair Launch and community-driven models, these innovations have not only reshaped the pattern of asset distribution but also attracted widespread attention from market participants. Next, we will delve into several representative projects, each demonstrating innovation and progress in their unique token distribution methods.

This article analyzes key projects ranging from Inscription’s retail-driven model, Blast’s incentive innovations, ZKFair’s focus on fairness, to Analysoor’s distribution method innovations, and Binance’s redefinition of token economics with Fair Mode. These projects showcase the diversity of the cryptocurrency ecosystem and reflect the growing market demand for transparency and fairness.

Ian, Investment Director at MT Capital, comments: “In experiments with projects like #BRC20, #Blast, #ZERO, #ZKFair, we’ve witnessed a great innovation — fair distribution for everyone. They rely neither on platform tokens nor investors; the earliest participants complete the project’s investment, distribution, marketing, and evangelism. This is similar to the liquidity mining in DeFi Summer, where the project’s inherent liquidity incentives created prosperity for the entire chain. Fair distribution greatly enhances the enthusiasm of community participants, reaching unprecedented heights.”

Inscription

The rise of Inscription, similar to the DeFi Summer, centers on the concept of Fair Launch. This idea was very popular during the DeFi Summer, mainly referring to the practice where project developers do not reserve any shares at the initial token distribution. For example, Andre Cronje, the founder of Yearn (YFI), claimed that he did not pre-mine, reserve tokens, or notify insiders in advance. This practice greatly enhanced his reputation and brought substantial Total Value Locked (TVL) to Yearn.

However, as DeFi Summer gradually faded, the market witnessed the emergence of more projects, and the cryptocurrency ecosystem became more mature. During this period, capital started entering the market, initiating a VC-driven project launch model. In this model, projects with large financing amounts and prestigious investment institutions attracted more market attention. This also gave rise to users mainly surviving on “airdrop farming” and those eager for airdrops from star projects.

In this context, the emergence of Inscription brought about a new change. It is viewed by some as “the era of retail investors,” as all chips are entirely minted by retail investors themselves. Although Inscription is criticized by some as having only meme coin attributes and lacking long-term practical application scenarios, it provides more opportunities for retail investors. As more Inscription projects are born and end their asset distribution phase, the Bitcoin ecosystem is expected to enter a new stage of application construction.

https://geniidata.com/ordinals/index/brc20

Blast

Since its launch on November 21, Blast has quickly become a focal point in the cryptocurrency market, demonstrating innovation and attractiveness in the Layer2 network domain.

Blast is a Layer2 network, launched by Blur founder Pacman. Based on Optimistic Rollups technology and compatible with Ethereum, Blast offers a convenient access for developers and dApps. The rapid growth in Blast’s TVL and the number of users is noteworthy, with its TVL already reaching $1 billion.

Additionally, Blast has completed a $20 million funding round participated in by Paradigm and Standard Crypto.

One of the primary ways Blast attracts users and developers is through airdrops and incentive mechanisms. An airdrop is planned for May 2024, aiming to reward early members and developers. Users can earn points by depositing assets and inviting new users to join the Blast L2 network, directly influencing the amount of airdrop they receive. This mechanism incentivizes user participation and promotion.

The core appeal of Blast lies in the combination of its staking mining and additional rewards. Users deposit funds into Blast and stake on the Ethereum mainnet using Lido, earning not only staking returns but also additional Blast rewards. The fundamental purpose of this strategy is to increase TVL and attract more users for extra Blast rewards. Blast’s success relies on its innovative Layer2 solution and the incentive mechanisms to attract users and developers.

https://dune.com/0xramen/blast-stats

ZKFair

ZKFair (ZKF) is an innovative Ethereum-based project focused on establishing a fair and community-driven Layer2 network. As the first ZK-Rollup on Ethereum utilizing Polygon CDK and Celestia DA technology, ZKFair’s core goal is to lower the high entry barriers for current Layer2 networks. In the current market, many ZK-L2 projects led by VCs have high valuations, making it difficult for ordinary users to reap substantial returns. These projects also encourage users to pay high transaction fees, but the token incentives are distributed slowly, making them unfriendly to regular users.

ZKFair aims to change this situation by creating a fairly launched, community-driven network. This network is not only technologically advanced but also supported by Lumoz RaaS. The native token $ZKF of the project adopted a 100% fair launch method, reserving no portion for investors, pre-orderers, or early miners. All tokens are planned to be airdropped to the community after the mainnet launch, with a total supply of 10 billion, 7.5 billion of which are designated for Gas fee airdrops and the remaining 2.5 billion for community users.

ZKFair’s notable appeal lies in its unique market positioning and distribution strategy. Market analysts are generally optimistic about its opening potential, expecting a 5–10 times appreciation. It uses the stablecoin USDC as Gas, and combined with its low market cap and novel chip distribution model, the project offers investors an attractive story and fair distribution mechanism. Regarding token acquisition, rules state that addresses that have interacted with platforms like zkSync, Scroll, ZKSpace, Polygon EVM, Linea, etc., within a specific time frame are eligible for the airdrop. Additionally, the project has set detailed processes and restrictions for burning Gas to obtain ZKF tokens, as well as strategies for quickly consuming Gas through interactions with Dapps.

L2BEAT — The state of the layer two ecosystem

Analysoor

Analysoor is the first Meta Protocol on the Solana chain, introducing an innovative method for creating and distributing NFTs and tokens. Its core uses block hash values as a random number generator, selecting one winner per block, effectively mitigating the impact of bots in the $ZERO and Index ONE NFT minting process.

Analysoor’s fair launch mechanism focuses on fairness and liquidity orientation, with no pre-sales, whitelists, team allocations, or GAS fees paid for early transactions. This means every participant starts on an equal footing, and differences in capital size do not affect the minting competition. The minting fees do not flow to the project or miners but are used to increase liquidity, supporting the ecosystem and community.

Analysoor is building strong community consensus, and its value and potential are increasingly recognized. Developers are also working hard to adopt more innovative methods to combat potential bot behavior, ensuring the long-term maintenance of fairness, where AI algorithms and machine learning will play a significant role.

Compared to mainstream Launchpad projects on other public chains, Analysoor’s current market cap may be underestimated. Considering the absence of a leading Launchpad protocol in the Solana ecosystem, Analysoor has the potential to become this role and achieve significant value growth in the future.

The market’s growing demand for fairness and transparency means the Fair Launch mechanism will become a trend. Especially on high-performance public chains like Solana, 2024 might be a breakout year for Meta Protocols. As a pioneer of Fair Launch on the Solana chain, Analysoor has tremendous potential and a strong vision, possibly expanding into a multifunctional Launchpad in the future.

https://medium.com/@GryphsisAcademy/analysis-0-1-innovating-fair-launch-with-random-hash-4a36ad6a0437

Fair Mode

Binance’s recently introduced Launchpool mode, “Fair Mode,” represents a significant innovation in the token economic system. The core of this mode lies not just in the projects themselves but in rethinking the token economic system, aiming to promote the long-term healthy development of projects. Fair Mode introduces a 27% long-term development fund, whose tokens cannot be consumed or sold and will not enter market circulation. Instead, they are used for staking and participating in the ecosystem, supporting the project’s continuous growth. Additionally, this mode fairly distributes up to 21% of tokens to retail investors in its 25% initial circulation, including Binance launchpool and airdrops. This not only increases the community’s influence in project decisions but also stimulates their willingness to cooperate with the project.

By increasing initial circulation and reducing future unlock amounts, Fair Mode reduces market pressure, laying the foundation for the long-term stability of token value. Simultaneously, by reducing the token share of teams and investors, this mode reduces their ability to manipulate the market, helping to maintain the token’s healthy value. Binance, through the introduction of Fair Mode, demonstrates its deep understanding of the industry and may lead a new trend in token economic system innovation. This mode emphasizes the reasonableness and fairness of token distribution, likely to be a significant factor in advancing blockchain technology and the token economy.

https://twitter.com/heyibinance/status/1737813180141666324

Summary

In summarizing this brief insight, we can observe the significant evolution and innovation in the blockchain domain regarding the methods of token issuance. From the initial ICOs to DeFi, and now to today’s fair launch and community-driven models, these changes have not only redefined the means of asset distribution but also attracted widespread market attention. Specific projects like Inscriptions, Blast, ZKFair, Analysoor, and Binance’s Fair Mode, which continuously adopt a fair distribution model, have received positive market and principal feedback. The successful attempts of these projects not only showcase the diversity and maturity of the cryptocurrency ecosystem but also emphasize the importance of community participation and fair distribution in the future development of blockchain technology. With the advancement of these innovations, the blockchain industry is expected to continue playing a significant role in the global finance and technology sectors, opening up new possibilities for future developments.

MT Capital

Transforming Visions into Value, We Empower the Next Generation of Crypto Innovations.

MT Capital’s vision is to emerge as a globally leading investment firm, focused on backing early-stage technology ventures that generate substantial value. We are not just investors, we are the driving force behind founding teams. We believe that the bond and trust built between a fund and its portfolio companies are essential to mutual success.

Website: https://mt.capital

Twitter: https://twitter.com/MTCapital_US

Reference

https://coinvoice.cn/articles/31134

ZKFair Net Flow (dune.com)

https://medium.com/@senlonlee/blast是什么-如何参与blast的空投-blur-layer2未来的发展前景如何-21930e908ec4

https://share.foresight-news.com/article/detail/50365

https://www.panewslab.com/zh_hk/articledetails/c6to2clm.html