FOMO: V2X DApp Releasing 3/21/21

T2X
2 min readMar 20, 2021

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Starting at 20:00 UTC on 3/21 FOMO will open its doors and allow users to begin making ticket purchases.

FOMO: V2X DApp on Shasta (Testnet)

Game Structure

  • 80% of purchase is distributed to users based upon their share% (tickets purchased)
  • 10% of purchase is distributed to the respected Tokens Reward Pool
  • 10% of purchase is distributed to the Global Reward Pool
  • There is a 1% burn added for T2X token transactions
  • Once a token pools timer expires the accumulated pool is distributed to the LAST 10 buyers for that pool based upon their share %
  • Once ALL token pool timers expire the accumulated pools are distributed to the LAST 10 buyers based upon their share %

Buy Tickets — Users can select from the following Tokens (V2X, TRX, T2X, VOIDX, and USDT). Each ticket cost is equivalent to the price of one TRX token and this price increases each passing day by that equivalent price. For example the starting price for each ticket is 1 TRX. After 24 hours the price of each ticket will be 2 TRX.

Timers — Each token pool represented in FOMO starts with a 24:00:00 timer. As time progresses with no tickets purchased for that pool the timer will decrease until 00:00:00 however, for each ticket purchased an additional 10 minutes is added to the pools timer. Once a pools timer hits 00:00:00 the last 10 users to purchase a ticket within that pool will be allocated a % of the pool rewards. Additionally once ALL timers hit 00:00:00 the Global reward pools will be distributed to the last 10 users to purchase tickets.

Dividends — Each ticket purchased 10% of the cost is allocated to the dividends pool for the respected token used to purchase a ticket. These dividends are able to be collected by users at anytime.

Latest Buys — Users can see all latest purchases made by themselves and other users for each token pool. Under the Global tab all ticket purchases are logged and the reward % calculated for the last 10 buyers. Each pool has its own individual tab where all purchases made for that specific pool are shown as well as a break down of the reward allocations for the last 10 buyers.

My Stats — This represents the number of tickets purchased by an individual user. Based upon the number of tickets you purchased vs all other users a share rate is calculated. This share rate dictates your reward allocation %.

Global Rewards — 10% of each ticket purchase is allocated to the respected token Global reward pool. These pools accumulate until the pools timer has reached 00:00:00 at that point accumulation will stop. Once ALL pool timers expire and reach 00:00:00 the Global Reward Pools will be distributed based upon share % to the last 10 buyers for those pools.

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T2X
T2X

Written by T2X

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