Passive ETH? FOMO3D, P3D, and the Psychology of a Game
21,756 + of ETH (7.7 million USDT) is no closer to being divvied among participants in PoWH 3D and FOMO 3D. As of writing this, the F3D Long timer is down to 11 hours, but within the past 48 hours the timer dropped below 2 minutes. If it ever reaches 0 after the last key is purchased and half the pot goes to the winner and the other half is divided up among P3D token holders and FOMO key holders.
If the game ever ends, I think this will be a historic event within Ethereum and for Dapps. We are starting to see it gain some mainstream attention with this post on Slate The Cryptocurrency Game With a $9 Million Prize. It was also the subject of an opinion piece on the Black Enterprise website entitled A New Lottery Type of Game Emerges on Blockchain. Can it make you rich?
These 2 Dapps (P3D & F3D) are in the top 5 of all Dapps on Ethereum right now. When they released a second game, FOMO3D Quick, a few weeks ago it crashed etherscan.io and gas prices went through the roof.
courtesy of the shill-kit
All the FOMO games are marketed in a way that pokes fun at ICOs, the fear of missing out mentality and greed. People argue all day about the FOMO games being a scam or a pyramid scheme, but the psychology behind the games and the possible earning being made by holding PoWH tokens make it something very interesting. Gaining 10% on the ETH contract holdings on every transaction IN or OUT of the contract is an interesting concept, as well as earning on reward distributions from the completion of a game round. All this controlled through a smart contract living on the Ethereum blockchain.
I would really like to get some community feedback on how folks feel about this. Especially those of you who are good with numbers and economies. Below are some highlights of one of the games.
General Rules of FOMO 3D games - https://exitscam.me/play
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.
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.)
General Wiki on PoWH - https://powh3d.hostedwiki.co/pages/Beginner's%20Guide%20to%20POWH3D#what-is-powh3d
This content is my personal opinion. I'm not a professional financial adviser. You should always do your own research.