The Ethereum community is fucking bonkers -- in the best way possible. Some ingenious and cheeky developers, team just, first lampooned crypto scams with a kinda-pyramid-but-not smart contract, P3D, which is effectively the same thing as staking Ethereum. Its only problem is that it needed volume to produce dividends. The initial growth didn't last forever, as P3D has almost 20k ETH in its contract, and then found its floor in the 4.5k range, with volume slowing significantly from the peak.
Enter FOMO3D. It is another dapp made by team just, which is at its core, a rolling lottery. Basically, there is a pot of ETH, and whoever buys the last private key (lottery ticket) before the timer goes to zero, wins the pot. However, every time someone buys a private key, the timer is reset. Also, depending on the number of keys you have, you will receive dividends from subsequent private key sales. The first version, the long con, has a 24-hour timer. Soon, a faster, 90-second version will also be released. There are a bunch of other factors and shenanigans that are a part of the game too. The site describes all of the various moving parts clearly, so be sure to check it all out.
Now, FOMO3D is super cool all on its own, but what really makes it magical is that a portion of the FOMO3D key sales and final pots go to P3D holders. So far, FOMO3D's pot is nearing 1k ETH. It is unlikely that the 24 hour timer will expire any time in the near future (or ever maybe?), thus ensuring that there will be a constant flow of dividends to P3D and FOMO3D holders. P3D has also seen a massive increase in the past week, with the ETH in it's contract going from 4.5k to over 7k.
Obviously I am shilling this because I think it is super fucking cool. There are referral bonuses, which if you use mine, it will give me a little more of the divvies, but otherwise be the same cost to you.
What an amazing social experiment. I can't wait to see how this plays out.
full steam ahead on the human greed machine! i put 100$ into F3D at around 84eth in the contract and made it back in the first week! and it's not going anywhere! it's bloody brilliant!!
The divs keep slowly trickling in... Very curious to see how this all plays out!
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