Arbscriptions Protocol

Been asked to write a thread (being a threadoor) on @ethXY. Will go into technical details and token mechanics. tl;dr - Entirely fair launch. There's no cut for insiders. If you stick with buying Level 0 plots only for 0.01 eth, you are guaranteed to pull out at least what you put in. Background: - @0xz80 and I created @ethXY as a hackathon project at EthGlobal Paris. - We aimed to create the friendliest on-chain game you could play in a trustless way. - We wanted to experiment with different game mechanics. - Personal profit was not our motive. Everyone has an equal opportunity. Mechanics: - Purchasing a number of neighboring plots to form a square will render them together as a larger square. - All plots start at 0.01 eth. Each time a plot is purchased, it is put up for sale for double its original price. - When a plot is purchased from someone else, 75% of the proceeds go to the prior owner. (This means the original owner gets 150% of what they put in). 25% of proceeds get split amongst $EXY holders. - $EXY starts with a supply of 0. There is no team share nor premine. - You get 100 $EXY each time you purchase a plot, regardless of what level it is. - 100% of the initial purchase price of 0.01 eth gets split amongst $EXY holders. - The treasury accumulates from its 25% cut of plot purchases. We wanted to make the treasury unruggable. The only outflow from the treasury is burning $EXY. - You can redeem your $EXY to claim your portion of the treasury. The actual equation is: ETH claimed = [Your $EXY] / [Circulating $EXY] * Total Treasury Strategy: - Buying a high visibility, meme-able plot (0,0), (99,99), (69,69), (42,42) etc. means higher chance someone buys your plot for 150% direct return. - Buying a Level 0 plot costs 0.01 eth, gives 100 $EXY. This means the treasury increases by 0.01 eth while the circulating $EXY increases by 100. - 0.01 eth per 100 $EXY is the cheapest price to obtain $EXY. - This means you can immediately burn 100 $EXY for at least 0.01 eth, effectively making minting free (except ~$2 gas cost) - If someone else purchases a higher level plot for 1.28 eth, they still only get 100 $EXY. The treasury has increased by 1.28 eth but circulating $EXY only has increased by 100. - As time passes and more expensive plots are purchased, the ratio becomes more and more favorable, representing a net profit. - Early redemptions mean those who have exited do not get to accrue proportional rewards due to increasing plot price. - Because the contract guarantees that 100 $EXY is at least redeemable for 0.01 eth, the ratio becomes favorable as time passes, optimal strategy dictates being the last person to redeem as best. (NFA) Probably a good idea to pick up as many Level 0 plots as you can as they're effectively free. (minus gas costs). You get the optionality of profiting from $EXY while having no lock-in, freely able to be redeemed for Eth. Contract - #code" target="_blank" rel="nofollow noopener">etherscan.io/address/0xb1e6… Treasury - etherscan.io/address/0x055d…

It appears that the experimental OrdiTroops collection which uses the new recursive BRC-69 standard is currently being inscribed! Follow along live: → ord.io/?contentType=h…