Just under 2 hours to launch!
Did I miss it??
Topic: [ANN] Fantom Fomo Divs - FFD - POWH (Read 317 times)
Just under 2 hours to launch!
So in short, what is the use case of this token? Just to earn a seemingly passive income? How can you create value for this token if there is no actual application? What if only small number of users will join this platform, can they still earn from this?
Technically the FFD token is just shares of the contract balance, it has no real use case outside the dApp itself. The more you have, the higher % of the fee's you will get. You can still withdraw your FTM tokens at any time by selling them. The amount you get could be more or less depending on how much volume there was after you joined. Theoretically, as long as volume and volatility continues you will receive rewards.
It is a fork of the very popular ETH dApp called Proof of Weak Hands. The original has seen a total volume of 582,000 ETH, at today's prices equates to $123,948,540.00 USD. Total rewards paid out is 58,000 ETH ($12,352,260.00 USD). Today it still see's volumes of almost 1,000 ETH ($212,970.00 USD).
582,000 ETH?
Seriously? So in short, what is the use case of this token? Just to earn a seemingly passive income? How can you create value for this token if there is no actual application? What if only small number of users will join this platform, can they still earn from this?
Technically the FFD token is just shares of the contract balance, it has no real use case outside the dApp itself. The more you have, the higher % of the fee's you will get. You can still withdraw your FTM tokens at any time by selling them. The amount you get could be more or less depending on how much volume there was after you joined. Theoretically, as long as volume and volatility continues you will receive rewards.
It is a fork of the very popular ETH dApp called Proof of Weak Hands. The original has seen a total volume of 582,000 ETH, at today's prices equates to $123,948,540.00 USD. Total rewards paid out is 58,000 ETH ($12,352,260.00 USD). Today it still see's volumes of almost 1,000 ETH ($212,970.00 USD).
So in short, what is the use case of this token? Just to earn a seemingly passive income? How can you create value for this token if there is no actual application? What if only small number of users will join this platform, can they still earn from this?
Just over 24 hours left before launch. We will be updating the website in about an hour with the how to's. Keep an eye out for that.
FFD is a decentralized dividend experiment built on the Fantom (Opera) network. All transactions are algorithmically taxed and automatically awarded to FFD owners. The simulation will simultaneously drive passive income, transaction volumes and adoption.
The experiment will test the limits of human behaviour where harm can only be self-imposed due to lack of patience in a volatile market. Due to the fee upon entry model technically the only way you will be a loser is if you leave (or volume becomes 0).
The largest benefit will be the passive Fantom (FTM) generated by the imposed taxes/fees that new users will generate. The resulting volume-based income will add a third dimension to the price/time calculation that cryptocurrency users are used to.
1). What is Fantom Divs?
FantomDivs is a tokenized economy simulation run entirely over the Fantom Opera network via a smart contract. Once the contract is deployed it will be immutable.
2). Can the contract be edited once it is deployed?
No, the only features that are editable are the token name and the amount required for a validator node. The contract is programmed to not allow any changes once deployed. Besides the two features mentioned above. The contract will be 100% autonomous and decentralized once deployed. No humans are allowed to intervene. Ever.
4). Do Developers have access to the wallet, or funds?
No, the contract was developed to run autonomously and no human will be able to access any of the funds within the contract/wallet.
5). How is this run without developer interaction?
The entire economic eco system is managed entirely within the smart contract.
6). What unique features does the FantomDivs have?
The contract will operate as the perfect economic simulation in which all transactions are carried out autonomously and will be automatically taxed 10%. Once transactions are taxed they will automatically be distributed to holders.
7). How do I join?
Visit https://fantomdivs.me and wait for the countdown to expire. There will be instructions on how to interact with the dApp released before the dApp is launched.
9). My Question is not answered here, how can I find out more?
Visit our telegram channel here to ask any questions
https://t.me/fantom_dapps
10). Was there an ICO?
No money was raised and the Developers funded the entire project.
ABOUT THE FFD TOKEN AND CONTRACT
Token Name: FantomFomoDivs
Token Ticker: FFD
Token Contract Address: To Be Released
*Disclaimer*
Also please keep in mind the following points:
This is NOT a lending platform.
Use the exchange at your own risk, the developers will not hold any liability for any losses, profits, hack or anything of that nature.
Everything is Automated via the Smart Contract.
You will constantly receive payments which you can then withdraw without penalty or if you so choose to, reinvest.
If you have more than 10,000 FFD tokens in your contract address you are running a validator node and you can earn by sharing the link for your validator node if someone uses it to make an exchange.
There are no bounties but if someone wishes to translate we would appreciate it.
Even if the FantomDivs website is down/hacked/removed you can STILL access it using manual transactions on MEW or Metamask.
The experiment will test the limits of human behaviour where harm can only be self-imposed due to lack of patience in a volatile market. Due to the fee upon entry model technically the only way you will be a loser is if you leave (or volume becomes 0).
The largest benefit will be the passive Fantom (FTM) generated by the imposed taxes/fees that new users will generate. The resulting volume-based income will add a third dimension to the price/time calculation that cryptocurrency users are used to.
1). What is Fantom Divs?
FantomDivs is a tokenized economy simulation run entirely over the Fantom Opera network via a smart contract. Once the contract is deployed it will be immutable.
2). Can the contract be edited once it is deployed?
No, the only features that are editable are the token name and the amount required for a validator node. The contract is programmed to not allow any changes once deployed. Besides the two features mentioned above. The contract will be 100% autonomous and decentralized once deployed. No humans are allowed to intervene. Ever.
4). Do Developers have access to the wallet, or funds?
No, the contract was developed to run autonomously and no human will be able to access any of the funds within the contract/wallet.
5). How is this run without developer interaction?
The entire economic eco system is managed entirely within the smart contract.
6). What unique features does the FantomDivs have?
The contract will operate as the perfect economic simulation in which all transactions are carried out autonomously and will be automatically taxed 10%. Once transactions are taxed they will automatically be distributed to holders.
7). How do I join?
Visit https://fantomdivs.me and wait for the countdown to expire. There will be instructions on how to interact with the dApp released before the dApp is launched.
9). My Question is not answered here, how can I find out more?
Visit our telegram channel here to ask any questions
https://t.me/fantom_dapps
10). Was there an ICO?
No money was raised and the Developers funded the entire project.
ABOUT THE FFD TOKEN AND CONTRACT
Token Name: FantomFomoDivs
Token Ticker: FFD
Token Contract Address: To Be Released
*Disclaimer*
Also please keep in mind the following points:
This is NOT a lending platform.
Use the exchange at your own risk, the developers will not hold any liability for any losses, profits, hack or anything of that nature.
Everything is Automated via the Smart Contract.
You will constantly receive payments which you can then withdraw without penalty or if you so choose to, reinvest.
If you have more than 10,000 FFD tokens in your contract address you are running a validator node and you can earn by sharing the link for your validator node if someone uses it to make an exchange.
There are no bounties but if someone wishes to translate we would appreciate it.
Even if the FantomDivs website is down/hacked/removed you can STILL access it using manual transactions on MEW or Metamask.
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