Original - Odaily
Author - Nan Zhi
Yesterday, Nostr Assets Protocol announced the specific details of its first Fair Mint (NOSTR). This Fair Mint is divided into three steps:
The first stage: investment, users pledge Treat and Trick assets to obtain lottery qualifications;
The second stage: Lottery, where the prize pool is drawn based on the block hash value;
The third stage: Claim, claim tokens from the official interface.
investment stage
Start time isDecember 11, 2023. There are 12 official prize pools set up, and the winning probability of the last four prize pools is double that of the first eight prize pools.
User selection1 of 12 prize pools, invests Treat and Trick assets, and getsRanking in the pool。
This stage has the following key points:
The investment stage can beContinue to increase investment assets, the ranking is also real-time until the end of the stage.
investment stageNo exit, at the end of one stage50% back, 50% will be returned after the second phase (luck draw).
Lottery stage
Each block, according to the block hash valueHexadecimal tail number, choose 1 of 12 prize pools;
Before the prize pool drawn50 peopleGet one reward (51-100 people if drawn again);
A total of 300 draws, 15,000 winning addresses, 2160 NOSTRs for the first 100 times, 1080 NOSTRs for 101-200, and 540 NOSTRs for 201-300.
This stage has the following key points:
If there are not enough winners in the first 200 blocks, the excess shares will be distributed at the end and everyone will receive 540 tokens;
Each Nostr address can only invest in one prize pool;
Each Nostr address can only win once.
Token details
Total quantity: 21, 000, 000 pieces
Fair Mint Quantity: 18, 900, 000 pieces
Number of awards: 2160 (first 5000 winners), 1080 (last 5000 winners), 540 (last 5000 winners)
Duration: 300 blocks, about 2.1 days (note: one block on the Bitcoin network takes about 10 minutes)
Production investment estimate
TreatTrick Circulation: Approx.87 million pieces(Total 420 million coins)
TreatTrick price: 0.4 USDT (as of 13:00 on December 8)
Situation ①: Assuming that all participants invest the same amount, the amount invested by a single address is 87000000/15000 = 5800 coins
Situation ②: Assuming that all participants decide the amount of investment according to the winning amount, then among the 15,000 addresses, the investment ratio of the three levels is 4: 2: 1, so the minimum investment amount is 87000000/15000/7* 3 = 2484 pieces, and the maximum is 2484 × 4 = 9936 pieces.
cost calculation
In case ①, the cost is 5600* 0.4 = 2240 USDT; in case 2, the minimum cost is 993 USDT and the maximum cost is 2980 USDT.
Earnings Estimates
Calculated at 1 USDT per coin, the corresponding market value of NOSTR is US$21 million, which is close to the market value of TreatTrick before Fair Mint was announced.
In case ①, the single number income is approximately 18,900,000/15000 × 1 = 1260 US dollars, and the cost is 2240 US dollars × the expected decline rate. If Fair Mint falls by 56%, there will be zero income.
In case ②, the minimum single number profit is about 540 US dollars, and the cost is 993 US dollars × the expected decline rate. If the price drops by 54% after Fair Mint, there will be zero profit.
risk warning
Therefore, Fair Mint announced yesterday that it will use TreatTrick as an investment asset. The price of TreatTrick has increased significantly in the short term.There is a risk of significant asset discounts after Fair Mint ends.。
The Bitcoin ecosystem has receded recently, and the market value of NOSTR is estimated to be unclear.There is a risk that the valuation will be lower than expected。
