What’s NostrAssets and what are the risks and opportunities?

AGWL...UmbN

18 Jan 2024

Some time ago, the Lightning Network project NostrAssets launched an airdrop to more than 8,000 early users, with each address receiving 10,000 tokens.
The NostrAssets project tokens are TREAT and TRICK, with 210 million issued respectively and a total of 420 million.
20% of it will be airdropped to the community, and 70% will be used for the development of the ecosystem and community, including Lightning Network, Taproot Assets and Nostr Ecosystem Grants, etc.
Currently, NostrAssets is being airdropped to ordi holders to support the development of the Bitcoin ecosystem.
When the NostrAssets airdrop was released, the over-the-counter transaction price of the token was around 0.024 per token, and each account was worth US$240. The current market price of TREAT and TRICK is US$0.55, an increase of more than 20 times.
If the airdrop was not sold at that time, it would be worth $5,500 now, which is also a good airdrop gain.
NostrAssets airdrop to ordi holders
①What are NostrAssets?
NostrAssets is an open source, decentralized protocol designed to seamlessly integrate Taproot assets and Bitcoin into the Nostr ecosystem.
It enables users to use Nostr’s public and private keys to conduct various financial activities, send, receive and trade digital assets; it is a permissionless and trustless relay network that ensures that communications on the Internet are not censored.
Leveraging the Lightning Network and Nostr protocol, Nostr Assets enables developers to build more business-focused utilities that are not limited by the inherent problems of blockchain, achieve decentralization and data transparency, and provide a safe and efficient environment for financial activities. .
NostrAssets
②How to participate in NostrAssets?
Some users participated in the NostrAssets interaction in the early stage and only needed a simple recharge interaction to experience the operation of the Lightning Network, but unexpectedly received airdrops. However, currently, there is still no airdrop news for multiple Ethereum L2 interactions, and the input and output ratios vary greatly.
If you miss the NostrAssets airdrop and there are no ordi users on the chain, you can also directly purchase NostrAssets project tokens to see if there are future opportunities.
NostrAssets is one of the early Lightning Network projects that launched tokens. Compared with other brc20 tokens, it has more empowerment and applications, providing applications and services for Taproot assets and lightning payments.
In the NostrAssets market, you can see users placing orders. The current price of TREAT and TRICK is $0.55. The entire price fluctuates with the development of Bitcoin Inscription and Bitcoin ecology.
TREAT and TRICK current price 0.55
③How to pay using Lightning Network
Compared with the gas fee of tens of dollars on the Bitcoin mainnet, the gas paid by the Lightning Network is really conscientious, only 0.00001 BTC.
Use Alby or okx wallet, withdraw btc to the wallet, and it will be automatically converted into SATS.
Taking the alby wallet as an example, you need to create a payment invoice in the alby wallet first, enter the amount to be collected, and generate a QR code or address;
On Binance or OK, withdraw BTC, select lightning newtwork, enter alby’s payment address or scan the QR code. The transfer speed is very fast, not affected by Bitcoin network congestion, and the experience is very smooth.
After recharging, you can purchase TREAT and TRICK. Currently, the price of tokens fluctuates greatly.
Experience the Lightning Network with Alby
④NostrAssets risks and opportunities
Discussions about the Bitcoin ecosystem have been in full swing recently. Bitcoin Inscription has brought huge benefits to those who participated in the early stage, and the meme carnival will one day come to an end.
The Lightning Network in the Bitcoin ecosystem, which completes transactions off-chain and quickly completes point-to-point payments, may be the focus of attention in the future.
As an early application project in the Bitcoin ecosystem, NostrAssets has a first-mover advantage. If the Bitcoin ecosystem really becomes the focus of the next bull market, then NostrAssets will also perform well.
In addition to deploying projects in the NostrAssets ecosystem, participating in TREAT and TRICK is the most direct way for individual users.
Popular brc20 tokens
Of course, if the Bitcoin ecosystem does not develop, lightning payments cannot advance further in reality, and the development of NostrAssets will also be hindered. Risks and opportunities coexist.
Or the popularity of Bitcoin Inscription will pass, FOMO will end, the market will become calm again, and investment will return to zero.
The above is just my personal opinion, no investment advice.
I am CryptoLola, and I am paying attention to the encryption market and web3.

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