Last weekend, a pet-raising chain game called “Fren Pet” was promoted by the official accounts of Coinbase @CoinbaseWallet and Base @BuildOnBase . Subsequently, Fren Pet received great attention from the overseas community. Many players searched for invitation codes on Twitter and flocked to Fren Pet. The Fren pet team even stated that the game once had an API overload problem.
What surprised the community even more is that some players are trading pets in the Fren Pet game on OpenSea. The floor price of a pet is 0.01 ETH, which is far higher than the cost of minting pets in the game (almost 0), and in The total transaction volume of Fren Pet on OpenSea has exceeded 18 ETH.
According to data, Fren Pet’s game token once rose by more than 300% in one weekend. As of writing, FP’s 24-hour increase was 104%, and the price was $1.44. Based on a token supply of 10 million, Fren Pet’s market value has exceeded 10 million.
It is understood that the developers of Fren Pet are Carlos Veloso ( @caduveloso ) and Adam ( @surfcoderepeat ). Adam developed White Lotus based on the TraderJoe trading box mechanism before launching Fren Pet.
Officially recommended after updating V2
It is worth noting that Fren Pet appeared as early as two months ago, but it did not receive much attention in the community at that time. On November 9, Fren Pet updated the V2 version and implemented an invitation system. Players can receive 10% of the FP spent in the game by recommended users. The most attractive setting for players appears in the V2 version: the cost of mint pets will be refunded after the next player joins .
On November 18, after Fren Pet was promoted by Coinbase and Base's official Twitter, it attracted widespread attention from the community. Its token increase ranked first in the Base ecosystem that day.
Game tutorial and analysis
As a pet-raising game based on the base chain, players can purchase props by purchasing Fren Pet's token FP, and earn points by feeding pets and fighting against other players' pets. According to the points ranking on the leaderboard, players can obtain the ETH allocated by the game.
Like friend.tech, another popular application on the base chain, players need to obtain an invitation code, enter Fren Pet through the home screen webpage on the mobile phone, and transfer ETH to the wallet provided by the game team before they can participate in the game.
How to register?
Go to the Fren Pet website in the Chrome browser, click the "Share" icon, and select "Add to Home Screen" from the options. Then open Fren Pet on the home screen.
After opening Fren Pet on the home screen, users can log in through email, tiktok, or Apple ID. The user enters the invitation code to enter the Fren Pet interface. Before minting pets, players need to deposit 0.045ETH to an address based on the Base chain to activate the account.
After successful activation, players can mint a pet after purchasing 100 FP points through the built-in swap.
Gameplay analysis
What's special about Fren Pet is that it costs 100 FP to cast a pet, but the 100 FP will be returned to the player the next time someone else casts the pet. This Ponzi method can attract players to enter the market with its low cost.
According to the game settings, each pet is set with a 5-day "TOD", which is the time of death. Players need to purchase props to take care of pets. Each time they interact with pets, they can reset TOD and gain points. Once the pet dies, players need to purchase props to revive the pet, otherwise the points in the game will be cleared.
The player's points will be displayed in the in-game leaderboard. The more points the player has, the more ETH will be allocated to the player. In addition to taking care of pets and daily roulette draws, you can also earn points by "Bonk" to attack other players in the rankings. You can get points after winning.
Bonk updates and rankings
The income of players and project parties comes from 5% tax on each transaction, of which 2% is allocated to players as rewards. The amount of reward distribution is determined by the points ranking list. 2% is allocated to the development team and 1% is allocated to the liquidity pool.
Tokenomics
The total amount of FP of Fren Pet is 10 million pieces. According to BaseScan data , there were 9,956,000 tokens in Fren Pet's initial liquidity pool. The team did not reserve any tokens. The initial total value of these FPs was 1 ETH. FP is distributed through the baseSwap pool, with an initial purchase limit of approximately 0.80 cents per player and a total market value of $1,600. Any player can receive up to 5,000 FP to mint pets.
In addition, 90% of the FP tokens will be destroyed and 10% will be sent to the game recommender. Each player has 3 invitation codes and can obtain 10% of all FP spent by the invited player in the game.
