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July 15, 2018, 08:24:00 PM |
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Fomo3D in a Nutshell
Here's Fomo3D in a nutshell:
This is a lottery game in which the last person to buy a key at the end of a round wins the pot!
During a round, people can purchase 1 or more keys which resets the timer marking them as the current leader. With each key purchase during the round, the key price increases slightly.
Players receive a stream of passive income from the game as keys are bought during the round.
When the timer reaches zero, last person to buy a key wins! (F3D players/P3D holders get a piece too!)
With a few cool game mechanics:
There are two different game modes with distinct rules and round durations: Long and Quick.
Players can select from one of four teams which determine certain rules in the round.
P3D holders receive dividends on each key purchase and at the end of the round.
Players can buy a vanity URL and/or refer your friends to the game for extra rewards.
Buying keys offers you a % chance to receive an "airdrop" winning ETH from a growing side-pot!
Playing the Game
You can start playing anytime by going to the Fomo3D site. In order to play, you'll just need the following:
Metamask setup on your computer and/or TrustWallet on your mobile phone.
Ethereum available in your Metamask Wallet used to purchase keys.
Visit the Fomo3D site and buy some keys!
Check out our setup guide for a step-by-step rundown on everything you need to get going.
Running into any technical issues with Metamask? Please check out our newbie's guide to getting help.
Game Overview
This is a game in which the grand prize winner is the last person to purchase a key before the countdown timer runs down to zero.
(Quick version only) Each round of the fast version kicks off with a short ICO phase, during which all players will be able to buy keys for the same average key price, determined by the total amount of ETH invested during this phase. Once the ICO phase ends, then the normal round begins with the timer set and starting to countdown.
During a round, a timer is constantly counting down to zero. Every time a key is purchased, the buyer becomes the new "holder of the private keys" and additional time is added to the countdown. The price of the keys will now start to get slightly more expensive with each purchase. When the timer reaches zero, the last person to have bought a key wins the round!
At the end of the round, the ETH in the pot is divvied up: the winner receives half of the pot, with the rest split between all F3D players as well as to P3D holders. The specific way the ETH is divided between the F3D participants and the P3D holders depends on which team the winner was representing.
(Long version only) Once the round ends, the game has a 1 hour grace period with transactions sent to the game passing through to your vault and key purchasing is disabled. This lets players realize what happened, and get into position to buy in early on the next round.
To understand the mechanics and incentives of the game, check out Reddit's The Button experiment for insights. Fomo3D is essentially a lottery where the house advantage goes directly to players.
Game Modes
There are two distinct modes of the Fomo3D game: long and quick each with varying rules and gameplay.
Note that long mode is launching first and then quick mode will be released at a later date. The modes break down as follows:
Shared Ruleset
These rules are true in both game modes:
Keys are the main focus of F3D, You buy them directly from the contract and they change the way a round is played, and when/how a round will end.
The game runs an internal timer which is constantly counting down to zero. When a key is purchased, the timer increases by a fixed amount and the player who purchased that key is put into the lead.
Keys grant instant dividends on all volume that flows through a round, meaning you will constantly receive a stream of passive income from the game as keys are bought until a round ends.
Keys slowly increase in price (along with how much of the final pot they're worth) as the round continues. You are guaranteed a portion of the exit-scam for every key you own, and betting on the final volume of a round can result in a tidy sum of Ethereum being deposited into your vault when someone wins.
The last player to have purchased at least 1 full key when the exit-scam timer completes its countdown, immediately drains half of the Ethereum seen in the pot and ends the round. (The rest of the pot being shared among the round's players, P3D holders, community contributors, and the other FOMO3D game as soon as the round ends.)
The Long Con: Fomo3D Long
F3D Long is the flagship game mode, designed to encompass rounds that last days/weeks/months.
Does not operate with any ICO phase at the beginning of the round
There is a 1 ETH max purchase limit per address until 100ETH in contract is reached
Key price scaling is very slow and gradual, increasing slightly on each purchase
Each key purchased add 30 seconds to the round timer, to a hard cap of 24 hours.
Time is added per-key, rounded down. So 2.5 keys = 60 seconds.
50th, 20th buyer and 1st buyer are all getting keys for roughly the same price
A round is preceded with a 1-hour starting grace period where key purchases are disabled
The Quick Scam: Fomo3D Quick
F3D Quick is the speed game mode, designed to encompass rounds that last hours or days.
Operates with a short ICO phase at the beginning of each round, in which all players will be able to buy keys for the same average key price, determined by the total amount of ETH invested during this phase.
Key price scaling is still gradual but increases at a much faster scaling rate than long which helps ensure the games stay shorter. In quick, the 1st buyer has a noticeable advantage over the 50th.
Each key purchased resets the timer back to 90 seconds
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