ZERO "Resurrected from the Dead", Reviewing Analysoor's Transformation of the Golden Shovel

ZERO Don’t be the first SOLS on Solana, but be the first SATS on Solana.

Written by: Joyce

On the evening of December 20, the Solana meme coin ZERO, which the community believed was on the road to zero, began to take off from a price of US$0.65. As of the time of writing, the price was quoted at US$2.45, an increase of more than 250% in the past two days. Two weeks since its launch, ZERO’s TVL has exceeded US$10 million. What changes have occurred in the token empowerment of ZERO, which has been “resurrected”?

Inscription+meme+ Gambling: The fairest inscription?

As an inscription token, there are SOLs with a floor price exceeding 100 SOL. The reason why ZERO can be noticed by the community is its mint mechanism of “gambling gameplay”.

ZERO was created by the Analysoor project on Solana. Different from other mint gameplay, Analysoor extracts numbers from the hash value of each block during the process of minting ZERO. When there is an even number, the closest block is traded from top to bottom in the block. The first number with a rare value is the winner, and the opposite is true for odd numbers. In other words, players participating in mint can only rely on “luck” to win their own ZERO tokens, and the gas fee law fails here.

In addition, 0.08 Sol will be charged for each transaction during the mint process, and all will be added to the ZERO pool. That is, in addition to successful transaction fees, all funds remaining during the minting period are used to provide liquidity for ZERO.

Analysoor was officially launched on December 13 and was founded by Plan, an early Ordinals OG and Solana developer. When the first inscription sols on Solana became popular, Plann, the Ordinals OG, pointed out that Sols are not pure inscriptions in nature, but NFT (the casting process of sols requires downloading a picture). As a Solana developer, Plan also believes in Solana’s high-performance advantages in the public chain, and believes that the gas fee during the casting process of Sols is an implicit payment that should not be incurred (the cost at the time ranged from a few U to dozens of U ).

Therefore, Pand launched the Meta Protocol protocol Analysoor through inscription technology, introduced the Index Protocol off-chain indexer, and used Solana’s historical data to prevent robot participation, achieve fairer distribution when meme coins are released, and guide the liquidity of tokens . ZERO was launched as the first pure inscription deployed by Analysoor. The total supply of ZERO is 21 million, of which 10.5 million will be minted at a price of 0.08 SOL, generating a total of more than $600,000 in funds.

Pand believes that the popular NFT in 2021 is not because the community is full of artists and creates a good atmosphere for artistic exchange, but because NFT gives everyone the opportunity to participate in projects at low prices. The same is true for the inscription craze in 2023, and ZERO follows this.

On the one hand, in previous inscription crazes, players often had to pay gas fees to increase the probability of mint success. Scientists who often appeared also questioned the fairness of this carnival for retail investors. The mechanism of Analysoor fundamentally eliminates the possibility of “scientists booking the venue”. On the other hand, the mint costs of players who are enthusiastic about Inscription eventually go into the hands of miners. A lot of funds are gathered in the mint process of an Inscription token. These funds But it does not provide liquidity for the token itself. Gas was in full swing during mint, but no one paid attention to the market during secondary trading. Only miners become the final winners.

Analysoor used another method, randomly winning the lottery instead of first-come-first-served, using mint cost to provide liquidity for the tokens, and the remaining funds from minting were used to build a liquidity pool. This mechanism not only achieves fair issuance, but also gives certain gambling attributes. The “gambling money” will not flow to the miners, but will become a liquidity pool for the project side.

But ZERO encountered twists and turns during the casting process. First, the minting time originally planned at 3 pm on December 14 was postponed, and then about three hours after the mint ended, some users did not receive the ZERO tokens they deserved. The most surprising thing is that Analysoor stated on social media that funds originally planned as LP pools were mistakenly sent to ZERO holders, and released the holders’ wallet addresses, calling on them to return ZERO. This move allows users to leave “drama” messages directly in the comment area.

About half an hour later, Analysoor posted a message stating that it had received all ZERO tokens as liquidity, and the first mint ended without incident.

During this twists and turns, Analysoor especially thanked community member kaagami. This user received half of the LP tokens, worth approximately 3,500 SOL. Kaagami then posted a long tweet to explain his reasons for returning ZERO, “I see its huge potential. I personally interpret the Analysoor protocol as a unique new asset allocation method specified on Solana.”

As an aside, this does not seem to affect the market expectations of ZERO. The ZERO token was listed on Bitget on December 15 and hit $1.7 on the day of listing.

And just when the community began to look forward to the follow-up development of ZERO, on December 16, when Analysoor will conduct its second deployment, which is also the first NFT series of the agreement “ONE”, if the casting process of ZERO is “surprising but not surprising” “Risk”, in the opinion of the community, the casting of the ONE series is “full of loopholes”. First, its minting time encountered another delay. Then, ONE was shut down after two minutes of minting. Analysoor announced that it would be re-minted the next day, and the 513 SOL raised was later returned to users.

In his constant apology, Analysoor revealed that “currently, only one person is doing front-end, back-end, data and social media at the same time.”

On December 17, the “ONE” series began to be minted, but due to the high popularity, more than 25,000 addresses participated in the minting. The number of NFTs that can be minted in each block quickly changed from 80 to 1 before the end of time. , Analysoor manually closed the mint entrance and stated that the remaining participants were a large number of robots.

If this operation can be explained, according to the plan, after the mint is completed, the ONE series will be listed on the NFT trading platform SNIPER on Solana. The holders can sell their NFT at a price of 2.5 SOL. The funds raised during the previous casting will be Bid on ONE NFT at 2.5 SOL. But at the same time, many users in the community reported that they had not received the NFT even though they were shown as “winning”. Some even said that “Analysoor looks like another high gas fee scam.”

While Analysoor was struggling to provide “after-sales service” for the ONE series, ZERO had already dropped 60% from its highest point in two days, and this experiment seemed to be ending in failure. ZERO holders continue to leave messages in Analysoor’s social media comment area, urging it to take action to “save” ZERO.

On the 20th, Analysoor made its first rescue action - opening the Discord community. The threshold was to hold 100 ZERO or 1 ONE. The value of 100 ZERO at the time was $76. In the Discord community, Plan announced his plan: to launch a community-led meme coin, Analysoor will only be responsible for starting the token minting and locking the liquidity pool.

Plan later explained in more detail that of the meme coins launched by the community, 48.5% of the total supply is minted with 0.05 SOL and 1 ZERO, and the remaining funds are still stored as ZERO’s liquidity pool. And 3% of meme coins will be airdropped to ONE holders.

Afterwards, Analysoor announced that it will continue to deploy other projects, and ZERO tokens will participate in each deployment until its total supply reaches 5% so that “it can be listed on the top three centralized exchanges in the future.” The funds raised will be ZERO after being listed on the exchange provides liquidity.

At this point, ZERO is no longer an experimental attempt, but has the properties of a “golden shovel”. The price of ZERO has also been rising since the 20th, until it exceeded US$2 on the 22nd. After falling 60% in two days, ZERO recorded a two-day increase of more than 250%.

It is not difficult to speculate on the reasons for ZERO’s decline. On the one hand, although Analysoor is indeed innovative, the wave of inscriptions has gradually receded, and investors are more concerned about the speculative nature of the leading inscriptions on each public chain, a set of more “fair” inscriptions. The mechanism does not seem to be sufficient to give ZERO a strong consensus. Coupled with frequent accidents in ONE’s casting series, investor confidence quickly dissipated.

ZERO’s “resurrection” was unexpected by the community. The principle of Analysoor’s mint mechanism is similar to Ordinals. In Plan’s vision, ZERO is not “Sols II” on Solana, but “ORDI on Solana”. Fairmint’s narrative Space still has value. More importantly, as Sky 9 Capital partner Vincent said on social media, if Fairmint’s narrative can promote the continued development of Analysoor, then ZERO will be the “golden shovel” on Solana.

The “fairer” mint mechanism sounds attractive enough, but it is not yet known what kind of “token matrix” Analysoor can create. But what is certain is that the Solana ecosystem can always bring surprises.

Beyond performance, there are always surprises on Solana

But now, in addition to the transaction performance advantages, the “community culture” on Solana also has an aspect worthy of attention. As a high-performance public chain, Solana has set its own development path among public chains due to its high throughput.

On December 21, Magic Eden officially launched Solmaps, a project that represents the ownership of block space on Solana. Its concept is similar to Bitmaps, the first metaverse project of the Bitcoin community. The core is to control the “land” (Solana blockchain). Unique section on consecutive slots) asserts the power of digital sovereignty. Solmap attracted great attention from the community as soon as it was launched, and its floor price once touched 0.8 SOL. After being launched by Magic Eden, Solmaps will be managed by the community.

In the past two months, the NFT trading volume on SOL has successively surpassed Bitcoin and Ethereum. On December 22, SOL’s total market value reached US$4.2 billion, surpassing BNB for the first time in history.

In the new bull market, Solana, which has been highlighting the advantages of trading experience and has been dubbed the “Ethereum killer”, in addition to continuing to consolidate its performance advantages, now seems to be developing its own community culture. Plan, the founder of Analysoor, used a slightly proud irony when sharing ZERO’s results on social media, “Ordinals are for collectors, Solana is for trading players, and ETH is used to fund Vitalik’s longevity research.” Although ZERO has fallen back after hitting its high point , but as far as Solana’s ecology is concerned, its development trend has been obvious to all. After SOL exceeded $100, the community is also looking forward to what kind of stories Solana will create.