Launched by Qian Fenglei (nickname "Qian Duoduo"), a famous Chinese philanthropist and chairman of Hengfeng International, the Web3 comprehensive ecosystem platform FO-X (fo.com) token $FO was officially launched on 4/16. FO-X also launched a "10 Million USD Referral Rewards" activity, where participants can share a 10 million prize pool through a dual-race system.
Before the listing on 4/16, FO-X completed a 10-day FoCoin airdrop from 3/31 to 4/9, with new user numbers reaching 230,000, about 100,000 users completing tasks, around 150,000 users connecting wallets, and the FoCoin website receiving 1.1 million page views. After gaining attention, $FO was officially launched on 4/16.
FO 10 Million USD Referral Rewards Officially Launched, Participate in Dividing the 10 Million USD Prize Pool
After $FO was listed on 4/16, according to gmgn's market data, the fully diluted valuation (FDV) broke through $1 billion, with an approximately 15% increase after opening. At the time of writing, the price was $1.0, with total pool liquidity around $71.6M. Currently, the total number of participants is about 60.88k.
Meanwhile, $FO's trading volume within 24 hours of opening also exceeded $Trump.
After $FO's launch, participants can join the 10 million USD prize pool activity by buying $FO, and when the liquidity pool reaches a specified amount, they can share the designated rewards.
$FO has launched a dual-race system (individual + team) that successfully attracted community attention. As of today, it has attracted over 46,000 users, with a real-time prize pool reward value of $2,000,000.
The activity can be joined within 30 days of the 4/16 launch to share the 10 million USD prize pool. Those wanting to participate should follow these steps:
- Enter the official website (https://fo.meme)
- Connect your wallet or log in with email (supports mainstream wallets like Phantom or OKX Wallet; email login will automatically generate a wallet on the official site)
- Create a team or join a team: You can create your own team and invite friends, or join other teams (once a team is selected, it cannot be changed)
- Trade USDT/$FO pair on the trading platform (gmgn pair)
- Check your point status (can view personal points, invitation data, invited person's points, and team performance)
- Top 100 participants will be displayed on the leaderboard
After understanding how to participate, you can learn about the team race prize pool rules from the following table:
Qualifying teams will share the prize pool proportionally based on contribution value (team must hold at least 10,000 USDT)
In addition to joining a team, individual prizes can also be obtained. The individual race prize pool rules require meeting the following two conditions:
- Create or join a team (cannot participate in individual race without joining a team)
- Accumulate purchases of 1,000 USDT (calculated based on $FO net value to prevent wash trading)
To learn more about the 10 million USD sharing activity rules, please click this link.
$FO is the Key to FO-X Becoming a Web3 Super Platform
FO-X began entering the Web3 ecosystem in December last year and announced through a $100 million financing news that it will build an all-in-one super platform, making FO-X the WeChat and Alipay of the Web3 era.
The $FO token plays the most crucial role in connecting the FO-X platform ecosystem, allowing users to participate in the Web3 ecosystem using $FO tokens without understanding concepts like Gas Fee or slippage. In the future, $FO will touch on the following four main life application scenarios:
- Consumption: Future FO-X users will be able to purchase daily necessities, call taxis, book hotels, etc. through $FO.
- Finance: In the Web3 ecosystem, decentralized finance DeFi plays a crucial role, allowing many projects and users to engage in
- lending, staking, or providing liquidity.
- Education: Web3 creators or knowledge providers can share knowledge through short videos, live streaming, etc., while audiences can sponsor using $FO, creating a positive cycle for education.
- Social: On FO-X, users can chat with friends, make phone calls, video chat, and even transfer dinner money to friends, making FO-X a WeChat-like experience in the Web3 world.
The "Journey with FO" Brand Concert Starts Tomorrow!
Before the arrival of the FO-X super platform, you can first experience the "Journey with FO" large-scale music festival, allowing you to preview the social entertainment experience FO-X brings.
On April 19th, "Journey with FO" will be grandly held at Wonderland in Tai Kwun, West Kowloon Cultural District, Hong Kong. This event has invited many heavyweight guests from Chinese-speaking regions, such as Kelly Chen, Wong Kwan Chung, MC Jin, and famous idol groups SNH48 and Wings of Artemis. There will also be a DJ party, offering a luxurious performance lineup that satisfies all your auditory and visual experiences.
From this offline music festival, you can see how FO-X crosses from the Web3 domain to music festivals and organizes such a large-scale performance, demonstrating FO-X's sufficient capital, execution rate, resource integration capabilities, and star-recruiting power, ultimately conveying FO-X's determination to become a Web3 super platform.
Latest News: FO Ecosystem Exchange System is Coming Soon. Attend the "Journey with FO" Concert and Get a Free Starbucks Drink
Just register for the concert, and you can receive a Starbucks exchange voucher on April 19th! $FO exchange for Maxim's Group vouchers will also be opening soon
Notes:
• Limited to Hong Kong and Macau regions.
• Valid for one year.
• Just arrive at the concert venue to receive the Starbucks exchange voucher!
• Maxim's Group vouchers are discount vouchers (not cash exchange vouchers)
Conclusion
FO-X is quite different from most previous Web3 projects, aiming to use the Web3 ecosystem spirit and blockchain technology to help hundreds of millions of Web2 users more easily enter the Web3 domain and experience its convenience. $FO plays a crucial role, especially in payment and maintaining stability across various services. Therefore, the popularization of $FO and the development of FO-X functions will be key to the birth of a Web3 super platform.
