Note: This article is from @Yuuki_7788 Twitter, and MarsBit organizes it as follows:
BTC Ecosystem Series 1: Ordstarter (the first Launchpad platform)
Early Information Research
Ordstarter is the first Launchpad platform in the BTC ecosystem, and it also plans to introduce DEX+ lending products. The team reached a strategic cooperation with the BingX exchange, and Biying exchange announced the listing of the currency.
Product Roadmap:
In the second quarter, the platform launch, IDO, the release of token economic models, and the expansion of strategic partners were realized; the highlights of the third quarter were the agreement token repurchase and destruction plan, the first project incubation and the implementation of the community incentive plan.
Protocol operation and governance:
Form a team of industry experts to conduct due diligence, and then community members obtain voting rights by holding ODSR, and vote to determine the IDO process for screening projects. At present, the detailed token economic model and the protocol income distribution mechanism have not yet been determined. Since the stable development of the protocol cannot be separated from the early due diligence of the team, this part of the operating expenses needs to be resolved.
Token economic model:
The total amount of tokens is 21 million, 60% of which is IDO, and 22 BTCs were raised; 30% is used for community incentives and airdrops; 10% is used for CEX/DEX listing reserves, and the team has no clear token distribution (consistent with the BISO distribution model , but the total amount of BIOS is 210 million).
Token empowerment:
At present, the token empowerment mentioned in the white paper is divided into two parts: one is the vote on Lanchpad, and the other is to divide the ladder with different token holdings after listing, and have the right to participate in IDOs of different project specifications.
$ODSR IDO information:
The first phase of Ordstarter raised 2 BTC, equivalent to a unit price of about 0.04u, and sold out in 20 seconds; the second phase raised 20 BTC, equivalent to a unit price of about 0.048u, and sold out in 1 hour; the IDO price corresponds to an MC valuation of about 600,000 US dollars, FDV The valuation is about 1 million US dollars (IDO valuation is low, and the current market value of BISO is about 10 million US dollars).
Foreign Cooperation:
Reached a strategic partnership with BingX, $ODSR plans to list BingX
BingX officially released the Ordstarter project introduction article: What is OrdStarter and why it will increase by 100X
https://qa.bingx.com/ordstarter-odsr-usdt-token-price-airdrop/
Holding $ORDI on the BingX exchange will get $ODSR airdrops, with a total of 100,000 airdrops, accounting for 0.8% of the circulation, snapshot taken at 12:00PM (UTC) on May 23.
https://twitter.com/BingXOfficial/status/1659897596180299777
Biwin announced plans to list $ODSR
https://twitter.com/Harry_Tonsbox/status/1660299260552949762
