Jiaxuan Nostr Asset Protocol Unveil Vision for Future Growth
In a recent announcement, the Nostr Asset Protocol outlined its plans for empowering users and driving the continued expansion of its ecosystem.
Community-Centric Approach: At the core of their strategy is a commitment to community-led assets. The $TRICK and $TREAT tokens, distributed during the main net launch, are designed to prioritize value accrual for the community and the overall strengthening of the ecosystem.
Asset Distribution Details: The total supply of each token is set at 210 million, amounting to a combined 420 million in total. Approximately 20% has already been airdropped to the community, with the remaining distribution structured as follows:
- ~70% is allocated to fueling ecosystem and community growth, encompassing initiatives such as Lightning Network development, Taproot Assets, and Nostr Ecosystem Grants. Consideration is being given to airdrops for selected BRC20 and Ordinal series holders, aimed at enriching the ecosystem and expanding community reach.
- The remaining 10% is designated for the dedicated project team, highlighting their long-term commitment to the project's success.
Transparency and Accountability: A cornerstone of their ethos is a firm belief in transparency and accountability. The project commits to providing the community with full visibility into the utilization of funds. This transparency aims to instill confidence in the decision-making process and allow the community to witness the direct impact on the ecosystem.
Community Governance: The $TRICK and $TREAT assets empower community members through a voting mechanism. Holding these assets grants individuals the power to vote on critical decisions, including the selection of projects for airdrops, issuance of grants, and authorization of Taproot Asset Issuance on the protocol. Each $TRICK and $TREAT token equals one vote, ensuring a fair and democratic governance structure.
Issuance of a Third Taproot Asset: In an exciting development, the community plans to introduce a third asset to commemorate the launch of Issuance+Fairmint functions. The ticker symbol for this asset will be decided through community participation.
Potential Staking Mechanism: Consideration is being given to the introduction of staking, offering users the opportunity to stake $TRICK and $TREAT for eligibility in a 90% free airdrop, with the remaining 10% retained by the project.
The $TRICK and $TREAT community expresses enthusiasm for the upcoming developments and invites active participation from the community. Stay tuned for further updates as the community shapes the future of the ecosystem.