In brief

Sondre Bjellos, an activist in two communities, the Norwegian Liberstad and the Montenegrin Montelibero, with extensive experience in building decentralized systems, is launching a startup called Nostria. Until May 31, anyone interested can invest in it at the pre-seed stage on quite favorable terms. For participants of the Montelibero tokenomics, there is an opportunity to form an investor pool to gain greater control over the project.

Now in more detail

Nostr is a decentralized protocol for exchanging “notes and other things” via relays. I have been using it for quite a while now to publish my notes; I see great potential in it and am always glad when someone takes it upon themselves to develop it.

The idea of the Nostr protocol is that relays store their users’ content in JSON format and provide it to other relays upon request. Such content can also be a Bitcoin payment transaction via the Lightning protocol; thus, Bitcoin payments are natively integrated into Nostr, allowing for the decentralized provision of both content monetization and storage monetization (it is precisely in the area of monetization, for example, where the nearest analog to Nostr, the ActivityPub protocol, has its weak point).

The startup Nostria intends to:

1. Develop its own client for the Nostr protocol
2. Create a network of several relays in different parts of the world to ensure fast ping and wide bandwidth for its users (performance speed is the bane of decentralized systems)
3. Promote, at the protocol level, the idea of specialized relays for storing only user metadata, which will offload large relays by distributing users more evenly across relays, and drastically speed up the collection of all messages related to a particular account and their delivery to clients.
4. Monetize its service through premium services, offering users dedicated relays, a connection to a dedicated Lightning node, a human-readable name tied to a public key, media content storage, and other perks.
5. Keep all code open on GitHub, as is proper for decentralized systems.

In this video, Sondre talks about his plans:

Those who prefer text over video can check out the pdf.

For now, Nostria’s medium-term goal is to catch up and surpass the struggling Bluesky. In the longer perspective, it should result in a decentralized solution that one wouldn’t be ashamed to migrate to from Telegram, once Durov finally declares that state security is incomparably more important than user convenience and security.

To launch the MVP, a pre-seed investment round is taking place until May 31. Putting it in plain language: Sondre wants to raise 30 thousand dollars by the end of May, and then spend ten thousand a month throughout the summer to bring the project into commercial operation. First month – hardware deployment. Second – software refinement. Third – marketing. In the autumn, when the project is ready to be shown to more serious investors, fundraising for global expansion will continue, and those who invested at the preliminary stage will have a preferential right to reinvest to maintain their share in the project, and their preliminary investments will be credited to the share capital with a coefficient of 1.15.

By default, investments are attracted in Bitcoin using the decentralized crowdfunding service Angor. Sondre has also released a separate video showing how the investing process works.

Important: the project founder can only unlock the collected funds after confirming the completion of the stated development stage. Until that moment, an investor can request their investment back at any time. All these features are implemented through the relatively simple smart contract mechanism that exists in Bitcoin and do not require the interference of a third trusted party.

However, the entry threshold for these investments is currently quite high: the minimum amount to receive any bonuses is 1000 dollars. Therefore, a solution suggests itself: participants of the Montelibero tokenomics can gather a pool of small investments and invest jointly as a large entity. I want to organize such a pool. My benefits: I will receive various non-monetary bonuses such as a premium account subscription. The benefits for co-investors, besides the financial return on investment: through me (or directly, if agreed upon), they will have convenient feedback with the developers, which means influence over the future functionality of both Nostria and, indirectly, the entire Nostr protocol.

Therefore, I have created a pristine Stellar account, issued the NostriaPre token on it, and created an order to sell it for EURMTL. You have until the end of May to buy this token; then I will also buy as much as possible, close the sell order, and transfer all collected EURMTL to Sondre. In the autumn, Sondre will set up an official Stellar account for his startup and create an order to sell official tokens for NostriaPre tokens at a rate of 1.15. When the startup begins to generate income from premium account services, the distributable profit for token holders will be accrued monthly proportional to the number of tokens.

To purchase the NostriaPre token, you must first open a trust line to it. Your Stellar wallet should have this capability. Token name: NostriaPre. Issuer’s public key: GABAZTSE4DOD4JKFPWQYK5QPUSW57QNZBJBREU2K2UFSGWPHBHNYF46A

Soon, the trust line will also be possible to open via a direct link.

I don’t want to overload the post with detailed instructions on using various types of Stellar wallets, as I assume the pool will be joined by those who already participate in the Montelibero tokenomics (an instruction is even posted on my website, but it is very outdated and I haven’t gotten around to updating it). But if you want to jump in from scratch in “Shut up and take my money” mode, please ask questions in the comments or via DM.