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Backstory
PumpFun has been a notable platform within the Solana ecosystem, known for its tools facilitating the launch and trading of memecoins. According to DefiLlama, PumpFun has generated over $160 million in fees. However, the platform experienced an exploit, as detailed in a Cointelegraph article by former employee and developer STACCoverflow.
He has since embarked on creating Fomo3D, a new competitive platform with the aim of decentralizing fee distribution for their launchpad (Pump clone) and separate AMM (Raydium fork) enhancing community participation. For those following crypto for a while we have seen this before with the Uniswap and Sushiswap vampire attack saga.
Product Lines
Fomo3D offers two main product lines designed to provide value to its users:
Dex Product: Gobbler LP Model
Launchpad Product: Fomo3D Launchpad
Product A: Gobbler LP Model
The Gobbler LP Model is a liquidity provision system intended to enhance trading efficiency and reward participants. Key features include:
Integration with Jupiter: Once Fomo3D reaches $250,000 in Total Value Locked (TVL) and completes an audit, swaps on Jupiter will be rerouted to Gobbler.fun Swap.
Revenue Sharing:
70% of the revenue is allocated to Fomo3D tokenholders.
25% is distributed to Fomo3D NFT holders.
5% goes to the developers.
This model incentivizes users to stake their tokens and hold NFTs, ensuring that a substantial portion of the platform's revenue benefits the community.
Product B: Fomo3D Launchpad
The Fomo3D Launchpad is designed to support new token projects on the Solana blockchain by offering a more cost-effective launch process:
Lower Fees: Charges a fee of 0.5%, which is half the rate of some competitors.
Revenue Sharing:
50% of the fees are shared between Fomo3D stakers and NFT holders.
The remaining 50% goes to PET holders (participants within the Fomo3D ecosystem).
This approach lowers the barrier to entry for new projects and aligns the success of these projects with the interests of the Fomo3D community.
Fomo3D NFT Revenue Sharing
Fomo3D has issued 359 NFTs that play a significant role in its revenue-sharing model:
Ownership Benefits: NFT holders receive a portion of the platform's revenue. For instance, if Fomo3D achieves a daily trading volume of $10 million, it would generate $50,000 in fees at a 0.5% rate. Of this, 25% (or $12,500) is shared among NFT holders, amounting to approximately $34.82 per NFT per day.
Community Access: NFT holders can join exclusive groups like the Fomo3D Shills Telegram group , fostering collaboration and information sharing.
Availability: The NFTs are listed on Magic Eden, with a floor price of >30 SOL at time of writing. There are 2 NFTs and the core collection is "Fomo v1.38 Mages" at time of writing.
By integrating NFTs into its revenue model, Fomo3D provides additional incentives for community engagement.
Fomo3D's Growth and Market Presence
Despite being in its early stages and not yet having a fully operational front-end interface, Fomo3D has shown notable progress:
Token Market Capitalization: The platform's native token has reached a market cap of $12 million.
Trading Data: Current trading statistics can be viewed on DexScreener.
Successful Token Launches: The token Idiomatic became the first project launched on Fomo3D to reach a $1 million market cap. The community for this project is active on Telegram at @IdiomaticGobbla.
These milestones indicate a growing interest in Fomo3D and its potential within the DeFi space on Solana.
Community Growth
Fomo3D emphasizes building a strong community to support its ecosystem:
Encouraging Participation: Users are invited to launch their tokens on the platform, with tools and support provided to facilitate success.
Collaborative Promotion: The Fomo3D Shills Telegram group serves as a hub for users to promote projects and share insights.
Network Effect: As more projects launch and succeed on Fomo3D, the platform aims to create a positive feedback loop that benefits all participants.
Community engagement is central to Fomo3D's strategy, with the platform's design encouraging users to contribute to and benefit from the ecosystem's growth.
Wrapping Up
Fomo3D is positioning itself as a community-focused DeFi platform on the Solana blockchain, with innovative product lines and a revenue-sharing model that redistributes fees back to its users. By offering lower fees for new projects and rewarding active participation through staking and NFT ownership, Fomo3D aims to differentiate itself in the competitive DeFi landscape.
While the platform is still developing its full functionalities, the early indicators of growth and community interest suggest potential for significant impact. Observers and participants in the DeFi space may find it worthwhile to monitor Fomo3D's progress as it continues to evolve.
Backstory
PumpFun has been a notable platform within the Solana ecosystem, known for its tools facilitating the launch and trading of memecoins. According to DefiLlama, PumpFun has generated over $160 million in fees. However, the platform experienced an exploit, as detailed in a Cointelegraph article by former employee and developer STACCoverflow.
He has since embarked on creating Fomo3D, a new competitive platform with the aim of decentralizing fee distribution for their launchpad (Pump clone) and separate AMM (Raydium fork) enhancing community participation. For those following crypto for a while we have seen this before with the Uniswap and Sushiswap vampire attack saga.
Product Lines
Fomo3D offers two main product lines designed to provide value to its users:
Dex Product: Gobbler LP Model
Launchpad Product: Fomo3D Launchpad
Product A: Gobbler LP Model
The Gobbler LP Model is a liquidity provision system intended to enhance trading efficiency and reward participants. Key features include:
Integration with Jupiter: Once Fomo3D reaches $250,000 in Total Value Locked (TVL) and completes an audit, swaps on Jupiter will be rerouted to Gobbler.fun Swap.
Revenue Sharing:
70% of the revenue is allocated to Fomo3D tokenholders.
25% is distributed to Fomo3D NFT holders.
5% goes to the developers.
This model incentivizes users to stake their tokens and hold NFTs, ensuring that a substantial portion of the platform's revenue benefits the community.
Product B: Fomo3D Launchpad
The Fomo3D Launchpad is designed to support new token projects on the Solana blockchain by offering a more cost-effective launch process:
Lower Fees: Charges a fee of 0.5%, which is half the rate of some competitors.
Revenue Sharing:
50% of the fees are shared between Fomo3D stakers and NFT holders.
The remaining 50% goes to PET holders (participants within the Fomo3D ecosystem).
This approach lowers the barrier to entry for new projects and aligns the success of these projects with the interests of the Fomo3D community.
Fomo3D NFT Revenue Sharing
Fomo3D has issued 359 NFTs that play a significant role in its revenue-sharing model:
Ownership Benefits: NFT holders receive a portion of the platform's revenue. For instance, if Fomo3D achieves a daily trading volume of $10 million, it would generate $50,000 in fees at a 0.5% rate. Of this, 25% (or $12,500) is shared among NFT holders, amounting to approximately $34.82 per NFT per day.
Community Access: NFT holders can join exclusive groups like the Fomo3D Shills Telegram group , fostering collaboration and information sharing.
Availability: The NFTs are listed on Magic Eden, with a floor price of >30 SOL at time of writing. There are 2 NFTs and the core collection is "Fomo v1.38 Mages" at time of writing.
By integrating NFTs into its revenue model, Fomo3D provides additional incentives for community engagement.
Fomo3D's Growth and Market Presence
Despite being in its early stages and not yet having a fully operational front-end interface, Fomo3D has shown notable progress:
Token Market Capitalization: The platform's native token has reached a market cap of $12 million.
Trading Data: Current trading statistics can be viewed on DexScreener.
Successful Token Launches: The token Idiomatic became the first project launched on Fomo3D to reach a $1 million market cap. The community for this project is active on Telegram at @IdiomaticGobbla.
These milestones indicate a growing interest in Fomo3D and its potential within the DeFi space on Solana.
Community Growth
Fomo3D emphasizes building a strong community to support its ecosystem:
Encouraging Participation: Users are invited to launch their tokens on the platform, with tools and support provided to facilitate success.
Collaborative Promotion: The Fomo3D Shills Telegram group serves as a hub for users to promote projects and share insights.
Network Effect: As more projects launch and succeed on Fomo3D, the platform aims to create a positive feedback loop that benefits all participants.
Community engagement is central to Fomo3D's strategy, with the platform's design encouraging users to contribute to and benefit from the ecosystem's growth.
Wrapping Up
Fomo3D is positioning itself as a community-focused DeFi platform on the Solana blockchain, with innovative product lines and a revenue-sharing model that redistributes fees back to its users. By offering lower fees for new projects and rewarding active participation through staking and NFT ownership, Fomo3D aims to differentiate itself in the competitive DeFi landscape.
While the platform is still developing its full functionalities, the early indicators of growth and community interest suggest potential for significant impact. Observers and participants in the DeFi space may find it worthwhile to monitor Fomo3D's progress as it continues to evolve.
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