Earlier I raised concerns regarding the design of Loot and how it affects the fairness of initial distributions for projects copying the Loot smart contracts. In particular, the impact to mLoot users has been more widely recognized.
As a follow-up, I’ve open-sourced Floot, which implements Loot as a “blind drop” similar to Hashmasks and BAYC.
Key advantages:
- A securely fair and random token distribution.
- 31% less gas to mint
Limitations:
- Tokens not revealed until the end of the distribution.
The contract is not production ready as it has limited test coverage. I would love to get input on this approach, and eventually see it used by new projects.
For details and the smart contract code see: Floot = Fair Loot. I’ve published the source code for… | by ᴵ ᴬᴹ ᵀᴴᴱ ᵀᴼᴿᴺ | Sep, 2021 | Medium