Technical task and parameters

Technical task and parameters for the Fairest and Most Honest Token Smart Contract

Code as a Moral Act

This project smart contract is more than a technical artifact—it is a manifesto. By encoding fairness into immutable logic, we prove that blockchain’s highest purpose is not speculation but the creation of systems that resist human greed.

This is how we honor Satoshi’s legacy: Not by replicating Bitcoin’s code, but by replicating its ethos. Let this contract be a beacon for those who believe technology should liberate, not control. The world doesn’t need another blockchain—it needs this contract, deployed everywhere, to remind us what blockchain was meant to be.

Fairest and Most Honest Token Smart Contract

1. Overview and Objectives

1.1 Key Token Principles

• No presale, ICO, IDO, or private sale.

• No allocations for the creator, developers, or investors.

• No hidden reserves or special privileges for any address.

• Distribution should be free, requiring only network gas fees.

• No post-deployment control: contract is immutable once deployed.

• Open-source and verifiable by anyone.

1.2 Key Token Parameters

• Total Supply: 21,000,000 tokens (fixed, similar to Bitcoin).

• No Minting: The supply is finite and cannot be increased post-deployment.

• No Burn Mechanism: Tokens should not be burned, ensuring full transparency in supply.

1.3 Broad Participation Criteria

• Maximize unique claimants: The algorithm should ensure widespread participation.

• Anti-Bot / Anti-Sybil Mechanisms: Measures should be implemented to prevent hoarding by a single entity.

• Simple Claim Conditions: The process should be straightforward and verifiable by anyone.

• Gas-Optimized Transactions: Minimize user gas fees for accessibility.

2. Token Distribution Mechanism

2.1 Multi-Stage Claim-Based Distribution System

• Chunk Unlocking Based on Participation:

  • The contract has 100 chunks that unlock sequentially.

  • Each chunk requires a growing number of unique participants to unlock.

  • Example: Chunk 1 requires 1,000 participants, Chunk 2 requires 2,000, etc.

• Dual Constraint System:

  • Unlocking requires both sufficient claims AND participants.

  • Uses the minimum of chunks allowed by claims vs participants.

  • Prevents early distribution without sufficient participation.

• Claim Rate: 0.1 tokens per wallet every 72 hours.

• Eligibility: Wallet must have at least 0.01 ETH to initiate a claim, deterring bot abuse.

• Fairness Enforcement: No individual wallet can claim excessively or front-load the distribution.

2.2 Anti-Sybil Protection Measures

• Time-Locked Claims: Each wallet can claim once every 72 hours.

• Unique Wallet Verification: Prevent multi-wallet abuse through:

  • Requiring a minimal ETH balance before claim.

  • Enforcing a claim cooldown per address.

• Automatic Chunk Unlocking:

  • Checks for new chunk unlocks when new participants join.

  • Can unlock multiple chunks if a surge of participants joins.

• Event Logging: Tracks last unlocked chunk number and emits detailed unlocking events.

2.3 Contract-Imposed Decentralization

• No admin keys or privileged functions.

• No upgradability: The contract is immutable after deployment.

• No external dependencies: The contract is self-sufficient and does not rely on off-chain mechanisms.

3. Smart Contract Implementation Details

3.1 Core Functionalities

• ERC-20 Token Compliance: Standard token interface for compatibility.

• Automated Distribution: Smart contract distributes tokens based on eligibility.

• Immutable Parameters: All rules hardcoded and cannot be changed.

• Event Logging: All claim transactions are logged for transparency.

3.2 Claim Process Flow

1. User sends a transaction to the claim function.

2. Contract verifies:

   • The user has not claimed within the last 72 hours.

   • The user's wallet holds at least 0.01 ETH.

3. Contract transfers 0.1 tokens to the user's wallet.

4. The claim is recorded, and the cooldown starts.

5. If a new participant threshold is reached, a new chunk of tokens is unlocked.

4. Security Considerations

• Reentrancy Protection: Ensure claims are processed securely.

• Front-Running Mitigation: Use a fair distribution method to prevent manipulation.

• Gas Optimization: Ensure efficient claim transactions.

• Sybil Resistance: Implement measures to deter bot attacks.

5. Future Considerations & Enhancements

• Possible enhancements to further discourage bot farming.

• Layer 2 solutions for reducing transaction fees.

• Exploration of additional fair verification mechanisms.

• Potential smart contract upgrades via new deployments with community consensus.