Day 4 of writing about the top ordinal collections on Bitcoin and today's spotlight goes to
@AlkanePandas.
Alkane Pandas are the first NFT collection on the Alkanes metaprotocol (read Orbitals). They're the first smart contract NFT on Bitcoin.
Each Alkane has an ID (like an ordinal inscription number), and Pandas occupy IDs 2:615 to 2:10660. That’s nearly all under sub10k, and they’re the only NFTs in that range!!
Launched by
@tclowdotsats in early May, the mint allowed one Panda per even block. 65% were reserved for community airdrops while 35% could be minted by anyone on the open market.
Unfortunately, greed has no bounds and a bot exploited the mint by outbidding all the transactions in the mempool. To prevent this, the team decided to fully mint the rest of the supply (~98%) and airdrop them to communities and failed minters.
@lifofifo helped airdrop the Pandas find their first home. The airdrop was a first of its kind where each Panda was delivered on a single-sat UTXO bypassing the dust limits of Bitcoin.
Airdrop allocations (unlisted ordinals only):
@AirheadFun Whale Pass - 5
@TheWizardsOfOrd's Ordrain - 5
@OrdinalPenguins - 5
@Ordinauts - 5
@TheWizardsofOrd's Wizards - 2
@Airheads - 1 per address
@TheWizardsofOrd's Nakamoto Archives - at least 2 per address
@MethaneFund - 2 per address
Failed Alkane Pandas minters - max 15
On June 8th, Pandas introduced AP-69: another first-of-its-kind smart contract on Bitcoin that allows you to swap your Pandas for
$BAMBOO and vice versa.
1 Panda = 100,000
$BAMBOO.
100,000
$BAMBOO = 1 Panda.
Forever.
Just two days later, the team introduced Bamboo Roll - a game of chance.
In the game, people could send as little as 1
$BAMBOO or up to 100,000
$BAMBOO tokens to the forest (read smart contract) at a time. Then one of the following would happen:
- 55% chance of losing the
$BAMBOO deposited
- 45% chance of you winning twice the
$BAMBOO deposited
Proof of randomness? Merkle Root. You can't game the system.
If the deposited
$BAMBOO gets lost when using Bamboo Roll, the
$BAMBOO will get added to the contract pool. The contract pool does not have a withdrawal function - not even for the developers.
A lil bit about
$BAMBOO in the words of the team - "The amount of
$BAMBOO in circulation is directly related to the amount of Pandas that have been swapped to
$BAMBOO using the AP-69 smart contract. Since it is a 2-way swap, the amount of
$BAMBOO in circulation will increase *and* decrease over time. It is dynamic!"
On 1st July,
@AlkanePandas introduced the first PVP game on Bitcoin - "Panda vs Predator".
Players choose to enter as either Hunters (100k
$BAMBOO) or Farmers (10k
$BAMBOO). Hunters passively split the pool of lost
$BAMBOO, while Farmers actively take risks during the game’s six-hour window - choosing between low or high-risk plays to win more
$BAMBOO. Every Farmer's loss becomes a Hunter's gain. No yield. No dilution.
The first liquidity pools for
$BAMBOO went live on July 27th -
$BAMBOO x
@Fartanium x
@MethaneFund.
Pandas have been cooking non-stop on Bitcoin L1 and it doesn't look like they're stopping anytime soon. The team keeps pioneering amazing stuff on-chain and isn't afraid to experiment. Plus, all smart contracts are open-source so anyone can build and innovate upon it!
As of writing this tweet, Pandas have a floor price of just ~0.00124 BTC and a market cap of ~1.45 million.
Are you bullish enough, anon?
!rest