This article will cover:
What is FOMO2MOON?
How to buy lottery tickets of FOMO2MOON?
What is FOMO2MOON prize structure?
How to own FOMO2MOON's F2M token to receive dividends?
What is the economics mechanism of F2M token on FOMO2MOON?
How is FOMO2MOON blockchain wallet functioning?
Is FOMO2MOON trustworthy?
1. What is FOMO2MOON?
FOMO2MOON is the blockchain lottery running on the Ethereum network that distributes all incoming ETH back to lucky players.
Official website: Fomo2moon.io
Full Explanation: https://hackmd.io/s/HJ5oJ1p1E
2. How to buy lottery tickets of FOMO2MOON?
To play F2M, you need to follow a few simple steps:
Purchase Ethereum from an Exchange
Set up Metamask in your web browser Or Set up TrustWallet on your mobile phone
Purchase Tickets/Tokens at the official website: Fomo2moon.io
3. What is FOMO2MOON prize structure?
3.1. Large Chests:
At the end of the round, the smart contract system will offer 3 lucky winners automatically with large chests prizes based on Blockhash algorithm.
For example, the large chests contains 10,000 ETH when it explodes, the prize will be divided as a chart:
2% x10.000 ETH is for Product Developer
10% x 10.000 ETH is divided among dividend owners in proportion (F2M)
60% x 10.000 ETH is divided equally for 3 lucky players, 1 player gets 2.000 ETH
27% x 10.000 ETH is transferred to be the next round prize
The ultimate prize: Result drawer (The first 8 players quickly press the button)
1% x 10.000 ETH is divided for the first 8 players quickly press the explosive button, in which the first one will get 30% x (1% x 10,000 ETH). The remaining 70% is divided equally for the next 7 players.
3.2. What are Medium Chests and Small Chests?
During the round, Medium Chest and Small Chest prizes are allocated. Conditions for winning prizes in these two chests are as follows:
If the player buys lottery tickets with more than 0.1 ETH for every time, the smart contract system in the FOMO2MOON will automatically activate on 2 chests to award. If you are a lucky player, you will win a medium or small chests prize. However, you can win both of them if you are lucky more.
The chance to win the medium and small chests is 0.1% (1 in 1000).
When the medium and small chests prizes are activated, ETH total in Major Chest or Minor Chest is divided as follows:
According to this chart shows, the medium chests and small chests award mechanism are the same, so is the formula. For example, the medium chests has 2,400 ETH; the small chests has 800 ETH, so the total calculation will be:
2% x 3.200 ETH is for Product developer
10% x 3.200 ETH is divided among dividend owners in proportion (F2M)
60% x 3.200 ETH is divided for the medium and small chests winners (1 medium chests, 1 small chests)
28% x 3.200 ETH transferred to be the next round prize
4. How to own FOMO2MOON's F2M token to receive dividends
First, you need to obtain Ethereum to be able to use FOMO2MOOM because it is a Ethereum based platform. The system will not accept any other cryptocurrencies even BTC (bitcoin).
What to buy FOMO2MOON’s F2M token for? With this lottery model, you can make passive money from dividends.
In every round, 10% of the system's ETH will be taken out to all token holders of the FOMO2MOON.
For example, round 1, all prizes on the system only have 10,000 ETH, the FOMO2MOON will extract 10% of the total ETH, is 1,000 ETH, for those who quickly own the F2M token. The percentage will change due to more and more token holders. However, in the first rounds, when there are fewer buyers and you buy more then you will be divided more percent.
How to exchange ETH for F2M token on FOMO2MOON as follows:
For example, if 1 F2M token is equal to 0.002 ETH and you buy 1 F2M token with 0.002 ETH, your ETH will be allocated to the system as follows:
2% x0.002 ETH is for System Developers.
10% x0.002 ETH is transferred into Pool Dividend (Common Dividend for the token holders)
10% x0.002 ETH is for Community Leader.
78% x 0.002 ETH is transferred to Smart Contract - Blockchain Wallet based on decentralized platform.
5. What are the price increase and anti-discount mechanism of F2M token on FOMO2MOON?
As analyzed above, those who buy F2M token quickly they will get the ETH immediately from dividends collected from many sources: Lottery tickets, chests prizes...
The total token supply of FOMO2MOON is equal to 8,000,000 F2M.
5.1. F2M token is more and more high-priced?
According to the law of Supply and Demand, the total supply is only 8,000,000 F2M and there are many players buy tokens to receive dividends, so F2M token is more and more high-priced.
5.2. Should I buy F2M token?
The number of ETH in the player's Blockchain wallet is never lost as analyzed above. You can buy the token and then sell the token to get back the ETH immediately, after 30 days or for 1 year later. No one can take away the number of your ETH, unless you hold F2M token...
In addition, the system has to deduct 1% the number of ETH to buy a token for those who buy the lottery tickets. Therefore, the number of tokens in the wallet will be reduced until there are no tokens left in the wallet. All are circulated on the market.
When all tokens are circulated on the market, the dividends are no longer available for buying. As mentioned above, more and more new players buy lottery tickets and 1% the value of its deducted by the system to buy token, transferred to the common Pool Dividend. The players hold the dividends being received according to the rate, those who own more and more tokens will get more %.
5.3. What guarantees the value of F2M token?
The FOMO2MOON also has a very unique feature, for those who buy lottery tickets with small ETH quantities, 1% of it is not enough to buy a F2M token. Then, all of 1% the number of ETH will be transferred directly to the Blockchain wallet. The more players who buy with small quantities, the number of ETH will transfer to wallet more.
The number of ETH is more, the liquidity of F2M token is more guaranteed. Evidence that FOMO 3D lottery game is considered "dead" currently but more than 30,000 ETH in the wallet and those who own token of FOMO 3D still hold without transferring to ETH.
FOMO2MOON has developed an algorithm for allocating ETH for very optimal and superior items in all aspects compared to FOMO 3D. Therefore, we can be confident to buy the tokens as well as entertainment on this platform ...
6. The Blockchain wallet which contains 78% ETH of players who purchase F2M token. How is this blockchain wallet functioning?
This is the Blockchain wallet, and it functions as a decentralized system. It is impossible for anyone who wants to intervene with the amount of ETH which contained in this wallet, even the FOMO2MOON's developers. This wallet stores all the ETH which used to purchase F2M token from players in the system.
6.1. How can players in FOMO2MOON exchange their F2M token to ETH?
As FOMO2MO is functioning as a blockchain based system, which is decentralized, so everyone who owns F2M token can withdraw ETH by transferring their F2M token back to the system wallet. The value of F2M token will be determined based on the market value. Like the variety of all the previous blockchain lottery models similar to FOMO2MOON, its token's value can be increased over time.
You can understand more about this function by taking a look at some of the similar blockchain lottery systems like Fomo3D. It’s a Mega-Millions on Blockchain, and a massive success in 2018, with its smart contracts handling over 500,000 ETH! Unfortunately, Fomo3D is practically dead, following a series of shortcomings.
6.2. And one of the most critical concerns from everyone, Can the FOMO2MOON's developers dump all the token into the system wallet to withdraw all the ETH from players?
I believe this the most critical concerns from everyone. Again, I want to make a clear statement about these concerns; it is IMPOSSIBLE to do so! Because all the token which distributed is based on smart contract algorithm. It is the system which functions as it is coded; accordingly, nothing can be changed afterward...
To obtain F2M token, even developers of FOMO2MOON themselves, you need to make a purchase by deposit ETH into the system wallet to get the token accordance with a fixed rate, and vice versa.
To conclude, no one can hack or usurp the ETH and F2M token from the system. This is an advantageous and secure feature on a decentralized blockchain based system.
It's constant and transparent!!!
6.3. Can you withdraw ETH right after purchased F2M token?
The answer is yes but you will need to pay a penalty of 25% according to the "dumping protection" feature of the system. However, the penalty fee is not applicable after 30 days from the days you had purchased the token. Everything is coded and function accordingly. I did research carefully on the FOMO2MOON platform so that you can be rest assured!
7. Is FOMO2MOON trustworthy?
FOMO2MOON (F2M) is a very secure and transparent system because it is running on Ethereum smart contract and DApp algorithm. Needless to say, the smart contract is an excellent invention of humankind when talking about blockchain technology. Therefore, F2M will function with transparency and legitimate as does, the smart contract.
And although it may seem inevitable, if there is no player, there is no reward or liquidity. However, FOMO2MOON, as I can say, is the best blockchain lottery model in the world at the moment. Therefore, it can and will attract many new and loyal players. Remember, this is not just chances, but guaranteed income!
Please note that this is a personal opinion article, I'm not giving financial advice. Make sure to do your own research before investing.