How we make our GENESIS NFT Sale transparent and fair for all buyers
It’s fantastic that the AMAKUNI project has been trusted and enthusiastically supported by the AMArians community over the past time. We are about to enter the first significant milestone, the Genesis NFT Sale, in the coming period of Q1.2022.
Since it is going to be one of the first important milestones for our project, we want to set a precedent for all future releases. We understand how important transparency and verifiability are for the community.
So we are proud to present our NFT Sale process: one that demonstrates our commitment toward openness and fairness to all of our investors and community members.
The NFT Sales is not only an investment opportunity. It is also a part of the game where users can help activate 10,000 KUNI SARU NFTs to reconstruct the world of AEPIRAN.
The sale will have 10,000 boxes that cost the same price (0.4 BNB in private sale round, 0.5 BNB in public sale round). Each box contains one random KUNI SARU NFT.
A unique feature in this Genesis NFT Sale is to bring fairness and transparency to all buyers and the AMAKUNI community.
Genesis NFT Sale Explained
Why do we need this fairness and transparency in the Genesis NFT Sale?Each NFT KUNI SARU has a different rarity, and we need to ensure that all buyers (team, private sale buyers, public sale buyers) have the same opportunity to get the rarest Saru.
So AMAKUNI will organize the genesis NFT sale the same as a lottery sale. It means that nobody knows which KUNI SARU they will get when they buy the box, and the value of the box will be determined by a random number created after completing the Genesis NFT Sale.
NFT IDs will be calculated using box ID and a random number:
SARU_TOKEN_ID = 1 + ((RANDOM_NUMBER + BOX_TOKEN_ID) % 10000)
The RANDOM_NUMBER is fairly generated using the following formula:
RANDOM_NUMBER = SUM(BUYER_WALLET_ADDRESS + BLOCK_HASH)
We will have over 6,000 buyers using different wallet addresses. They also buy the boxes at different block hashes. So the total number of the buyer’s wallet address and block hash can be considered a fair random number.
Q&A
- What if miners control the random number?
As we know, in a public blockchain, the miners are powerful. They can control the block hash by adding or removing the transactions in the block. So they can manage the random number.
Before and during the sale, people (except the team) don’t know what SARU_TOKEN_ID is the rarest KUNI SARU. So even if the miners can control the random number, they don’t know what they need to do to get the rarest KUNI SARU.
2. What if the team updates the ID of the rarest KUNI SARU?
Before the sale, the team will publish proof of the NFT metadata and ID. If the team updates any metadata or ID, the evidence will be changed. Any people can verify it by the algorithm below:
PROOF_HASH = Merkle_Tree(Metadata + ID)
The team will publish the software to automatically and quickly calculate the proof from the NFT Data. So people can verify the evidence every time they want. If the evidence changes, they can report it to the team and the community.
Merkle tree root hash: 0x310f2bf336de59955489dbb7f4233261fe1e7347a7d562b35ebc64b08752d05a
Source code to verify: https://github.com/AMAKUNIcom/merkle-ama
More information about AM△KUNI is available on:
1. Website: https://amakuni.com/
2. Pitch Deck: https://docsend.com/view/5tt3a7j4n85irfxm
3. White Paper: https://docs.amakuni.com/
4. Twitter: https://twitter.com/AMAKUNIcom
5. Telegram: https://t.me/AmakuniOfficial
