Recently I saw many big guys and communities discussing a zetasbox project. I did some research and wrote a summary, hoping to help everyone better understand this project.
Before understanding the zetasbox.io project, we need to know which track it belongs to. We found some competing products, such as the previous juicebox donation platform and the meme launcher that has been very popular on Sol recently. At this point, everyone may have a little understanding of zetasbox. This article mainly introduces the difference between zetasbox and the above two projects.
What is zetasbox?
"The zetasbox protocol is a programmable treasury. Using this protocol, you can issue and forge your own cryptocurrency, which lowers the technical threshold of community contracts and greatly improves security attributes. The protocol can also ensure the allocation and use of funds. These rules can be periodic changes or open projects. Zetasbox is a powerful fair launch platform with smart contracts to control these funds. There is no need to worry about rugs or soft runs. Zetasbox provides a fair, open, transparent and secure atmosphere. Zetas is a protocol tool that provides on-chain programmable treasuries to sol and base community financing projects. Phase 2.0 will also support multi-chain protocols of eth and bsc.
Based on smart contracts, zetasbox is a flexible crowdfunding platform, as well as a flexible platform for creative or goodwill fundraising, such as Bounce, GoFundMe, juicebox, Indiegogo or pump. In addition, zetasbox can also restrict the use of funds. This information must be disclosed at the same time when the project is created and automatically constrained using smart contracts.
For example: Project A launches a fundraising plan on zetasbox, which stipulates that 45% of the tokens will be added to the swap pool, another 50% of the tokens will be used for donor distribution, and the remaining 5% of the tokens will be retained by the initiator. Then this token distribution plan will be automatically executed by the zetasbox protocol and cannot be tampered with. Similarly, after setting up the token distribution plan, the fund use plan must also be set simultaneously. The creator can set 100% of the raised funds to add the swap pool, and this result cannot be modified. At the same time, it also allows the creator to reserve a portion of the funds as a development or operating fund. However, no matter how the tokens and raised funds are distributed, these need to be made public and executed on the chain at the beginning.
In other words, zetasbox can not only meet the diverse needs of the web3 community, but also ensure the implementation of the trust spirit of web3. Whether you want to create a serious blockchain development project or MEMEcoin, or a DAO-based organization, or a fundraiser for a technical project, the zetasbox protocol can provide you with the infrastructure you need to easily and transparently create and manage on-chain vaults.
Why choose zetasbox?
Simply put, you may want to do a lot of things on WEB3, but building a safe and operable vault is a far-fetched thing for you. However, zetasbox provides a fool-proof operating platform that can ensure the security of contracts and the supervision of funds. Zetasbox provides a safe and efficient vault, and all functions and processes can be completed on zetasbox. The most important point is different from other platforms, the anti-RUG mechanism, the project party must honestly implement the rules that have been publicly set and cannot be tampered with.
It should be easy to understand with a comparison chart. I have listed two competing products in different tracks here.
From the table, pump is only suitable for the launch of memes, and there is almost no room for commercial applications, because the logic of pump is single, that is, a DU field mechanism. Even if there are high multiples, the market value and the pot ratio are often very different. In this way, zetasbox is relatively flexible and serious. Because on zetasbox, users can use the platform to manually adjust an economic logic that is the same as pump.fun, and then put the smart contract on the chain, that is to say, zetasbox is open, while pump.fun is closed, and everyone must play the game according to the single gameplay of pump.fun.
Let's look at juicebox. This platform is an older donation platform. Recently, Vitalik donated to the project to release the founder of torn. Moreover, this platform gave birth to the myth of Dao, such as people. In the recent election, people was also very powerful and popular. However, this is mainly due to the fact that the founding team of people abided by the rules and did not run away, which created such a great project. Compared with people, Assange was very miserable. Basically, all the donations were buried. So whether the project on juicebox can be done well depends on the conscience of the founding team. The difference between Zetasbox and juicebox is that after the project party sets the fund and token allocation rules, they must be enforced. It is impossible to run away or withdraw the pool. I looked at the contract of zetasbox. At present, the contract audit has been completed by ContractWolf. Basically, the entire logic is deployed on the chain. There are hundreds of rules on the chain. So there are a group of technical experts behind zetasbox. Generally speaking, it is a rare thing for developers to put such a complex logic on the chain.
Having said so much, let me tell you how Zetasbox works?
When you create a vault on zetasbox, you need to fill in the public information of your project and the allocation method of the vault:
Basic project information: token name, introduction, Twitter link, official website link, issuance quantity, etc.
Fund raising plan: Fund raising cycle, soft cap, hard cap, etc.
The raised funds/issued tokens are used for allocation: POOL, technology development, community operation, Dao organization, etc. These values ââcan be flexibly allocated from 0% to 99%.
After the project is created, all project information including the fund allocation plan is public, and anyone can see all the information of the treasury. These are transparent and enforceable conditions. If the project fundraising fails (i.e., the set soft cap is not reached), users can redeem the donated funds on the platform. When the fundraising project is successful (reaching the soft cap), the treasury will be automatically executed by zetasbox according to the agreed allocation. zetasbox charges 5% of the raised funds as a platform fee. It is worth noting that zetasbox does not charge any fees on the token treasury allocation end.
The first project on Zetasbox is about to be launched. I took a look and it is a cat token called OHHA. I will not introduce the details of this project in detail. You can learn more about it on Twitter.
Take the OHHA economic model launched by zetasbox on June 5 as an example:
Token name: ohha
Total issuance: Fair issuance, 2 million per sol (
Token distribution: 50% users, 50% lp, 0% project party (1 million to users, 1 million to the pool)
Fund allocation: LP 100%, project owner 0%
Soft-Hard Cap: 1000-5000SOL (if the soft cap is met, the project is successful, if the soft cap is not met, it will be automatically refunded upon expiration)
Project website: ohha.xyz
Start time: 3:00 pm UTC on June 5, 2024, and last for one week. It will end early if the quota is full.
According to this logic, the project did not reserve any tokens or funds, and the LP was locked in the zetasbox contract, which means that the zetasbox tool can be used to freely edit the fairest emission rules. Of course, OHHA can also set some tokens and funds to be reserved, but he did not do so. Therefore, zetasbox is much more flexible than pump. Once a single rule collapses, it will eventually lead to the silence and death spiral of pump.
I think zetasbox is the biggest innovative and rigidly needed product in 2024. Faced with the fundraising funds on SOL running away and the user investment targets in traditional web3 projects, they will face the situation of opaque funds and ruggedness. However, it should be noted that although the zetasbox protocol has a strong and fair fair start, these are not modifiable. Due to its public nature, any use of the zetasbox contract may lead to irreversible consequences, including loss of funds. Please use Jzetasbox with caution. Each project has its own legal and structural risks.
Conclusion
âFairly launched tools on-chain that anyone can build.â This is the tagline of zetasbox.
If you have an innovative vision that you want to raise funds for, zetasbox is the programmable treasury infrastructure to launch your web3 transactions. The protocol is still experimental technology, but if you are interested in helping a new collaborative framework become a pioneering model, zetasbox is the right choice.
Finally, if you are interested in zetasbox, you can participate in the first fair launch project at 3 pm on June 5th.
