⚓FairPool(SRC-20)

FairPool is a new mint model for SRC20 tokens proposed by OpenStamp.

What is FairPool and why we need it?

As the SRC20 ecosystem develops, more users have noticed some issues during the SRC20 mint process. Recently, we have also received many complaints from users about the drawbacks of the traditional mint mode. Users hope that OpenStamp can provide a corresponding solution to avoid these problems. Therefore, we propose the concept of the FairPool. OpenStamp's SRC20 FairPool has the following advantages:

1. Saving bulk mint transaction fees

In the traditional mint method, each mint requires a transaction, and users have to bear the miner fee for each mint transaction.

In the Fair Pool, users only need to pay one miner fee for multiple mints. With the traditional mint mode, if you mint 10 times and each transaction costs $10 in miner fees, it would total $100. By minting through FairPool, you only need one transaction fee, reducing the cost by $90.

2. Avoiding losses from invalid mint transactions

In the traditional mint method, invalid mint transactions often occur due to tokens being minted out, especially during the mint of hot tokens. Users pay the miner fee but cannot receive the corresponding tokens.

However, the Fair Pool's mint can accurately control mint transactions without causing invalid transactions, avoiding unnecessary losses for users.

3. Allocation Reserved

In the traditional mint mode, transactions with higher fee rates get included in blocks before those with lower fees. If a mint transaction with a low fee rate is sent and the fee rate increases quickly, the mint transaction might fail, resulting in financial loss.

However, in the FairPool, minting is allocation reserved, meaning it won't fail due to a fee rate spike. There's no need to worry about not receiving tokens after sending a transaction, reducing the risk of user losses.

4. Ensuring fair token mint

For a specific token, the Fair Pool limits the maximum number of mints per address and sets a minimum total mint count, ensuring that tokens are not minted out by a few addresses at once, allowing more people to participate in the fair mint.

5. Setting royalty to incentivize deployers

To better promote the SRC20 ecosystem and enhance community activity, we provide an optional royalty for token deployers. Deployers can set a corresponding royalty fee when issuing tokens in the Fair Pool. This way, deployers can earn some income during minting, promoting the token further.

6. Ensuring consistent token costs

Tokens minted through the Fair Pool have consistent costs, avoiding arbitrage by snipers and protecting the interests of all users.

7. Eliminating the Bitcoin native too-long-chain limitation

Bitcoin has a transaction chain limit, where an unconfirmed transaction chain can have a maximum of 25 transactions. In the traditional mint process, mint more than 25 times in one order requires at least two blocks to complete all mints.

With Fair Pool mint, no matter how many times you mint, only one block confirmation is needed, requiring only one miner fee. This significantly reduces costs and improves efficiency.