Since entering 2021, the NFT market has experienced explosive growth. The NFT transaction volume in the first and second quarters has grown linearly. The $2.5 billion in transaction volume for the entire second quarter shows that this market is clearly unstoppable.
Even though the current market performance in terms of price is mediocre, it still does not stop the enthusiasm of investment institutions and users. Therefore, you can often see a certain NFT project being invested by investment institutions such as a16z with 20 million US dollars and 80 million US dollars. From the perspective of investment institutions, the NFT market has been opened, and now may be the best time to deploy.
NFT has a wide range of tracks. Artwork, collections, games, trading platforms, etc. are all fields where NFT can show its talents, but the most important thing at present is what will be the next explosive field?
Artwork is undoubtedly the main track that supports the first wave of NFT outbreaks. The successive high-priced artworks also excited the market and attracted many audiences to enter the arena. Is it still a work of art?
Not necessarily, although the NFT trading volume created by the artwork NFT track supported the first wave of the explosive market, but later liquidity became the biggest obstacle, so the next time it will be much less attractive to users, and The next NFT track is bound to be a track that already has a large-scale application and user base in reality, such as a game track.
Recently, a dark horse has appeared in the NFT game sector—Axie Infinity. This game that combines monster fighting, cultivation and NTF collection has been the focus of the entire market in the past, and it has become the project with the highest transaction volume in the NFT market24 The hourly transaction volume exceeds 16 million US dollars, which is significantly ahead of the second-ranked NFT trading platform OpenSea (the transaction volume in the past 24 hours is about 5 million US dollars). Opensea is the undisputed leader in the first quarter and the beginning of the second quarter of 2021. It shows that the iteration of the NFT market has arrived.
Axie Infinity shows that the opportunity and trend of the NFT game track has come, but if you continue to follow the context of Axie Infinity, you can only imitate it at best, and you cannot stand out. Therefore, finding a new direction on the game track is the next opportunity.
FomoDota took another slant and focused on mature e-sports games such as DoTA2 and LOL. The advantages of this starting point are quite obvious. Taking Dota2 and LOL as examples, Dota2 is the "Presidential Mountain Level" e-sports in the global market Games have a wide range of user groups in the global market, and there are still quite a large number of "feeling users". LOL is currently the largest competitive game in the world. The user group is mainly composed of youth groups. The thinking of this group is relatively Kaihua has a relatively high acceptance of blockchain and NFT. If you create an NFT game based on it, the attraction can be imagined. However, due to various reasons, no NFT project has noticed this market before. Only FomoDota is an early adopter in this market, so what kind of project is this FomoDota, and what kind of NFT gameplay will it bring to the e-sports game market around the world? We can go find out.
Founded in 2021, FomoDOTA aims to build a FOMO MOBA ecosystem for all e-sports players to achieve greater influence of the game on the blockchain. With a distinguished background in esports and blockchain software, the team envisioned creating a platform to become the world's premier platform for NFT augmented reality esports trading. Also offers a robust charitable giving mechanism, collected through donations to foundations identified by partnering global esports personalities.
Aiming to revolutionize the gaming and NFT collectibles industry, FomoDota will enable its users to find and collect NFTs of their favorite esports heroes in the real world and in real time. To create the perfect synergy between our current world and the Metaverse, contract address: 0x2D81ed6edee72d454a5baF51e40704e8c377DB2A
FOMODOTA also has its own token called $FDOTA, which is a BEP20 token that the FomoDOTA ecosystem utilizes security-audited smart contracts and deploys on the Binance Smart Chain. Its total supply is 1,000,000,000,000,000. In this case, 30% of $FDOTA will be directly injected into the black hole address. 6% of $FDOTA will be distributed to community members who participated in Launchpad. 1% of $FDOTA will be used as an airdrop to reward cooperative token holders. 36% of $FDOTA will be injected into the initial liquidity pool after going online. The initial liquidity is provided by the team and locked for one month.
$FDOTA will power the entire ecosystem within the platform, allowing users to purchase and trade FomoDOTA NFT collectibles by different categories to earn rewards, such as tickets for international DOTA TI competitions, LOL Global Invitational tickets, Bitcoin, etc. For the health of the liquidity pool, the service fee rate uses an innovative stable balance mechanism.
The handling fee rate is quite scientific, and the fee rate can be adjusted accordingly according to the liquidity of the liquidity pool. The whereabouts of the penguin fee rate are mainly in the FOMO bonus pool, black hole LP and token holders. Among them, the FOMO bonus The pool and $FDOTA holders are "welfare" visible to the naked eye.
As the name suggests, $FDOTA holders get the corresponding fee rate based on the amount of $FDOTA they hold. Another FOMO prize pool is also a feature. The minimum trigger purchase amount is 250 billion, and 2%-9% of any transfer will continue to be added to In the Fomo bonus pool contract account. If no tokens are purchased within 4 hours, 50% USDT (before tax) of the Fomo bonus pool will be awarded to the last token purchaser (minimum 250,000,000,000 $FDOTA is considered valid). For example: if there is 100,000 USDT in the prize pool and no one buys it for four hours, then the last token purchaser will get 50,000 USDT (before tax).
0.4% USDT (before tax) of the hourly Fomo prize pool will be awarded to the last token purchaser (minimum 250,000,000,000 $FDOTA to be considered valid and excluding tax). For example: there is 100,000 USDT in the prize pool, and 0.4% USDT will be rewarded to the last buyer every hour, and 400 USDT (before tax) will be awarded.
If no one actually takes the Fomo bonus pool away, the Fomo bonuses will pile up too high. In order to reduce the risk of being hacked and to make better use of the USDT in the bonus pool, when the trigger conditions are met (such as the token price is too low, the bonus pool has too much deposit), the contract function is manually called to trigger 50% of the USDT to be used for Buy back burned tokens.
For the project itself, the real big dish is the video game economy NFT, and the FOMO prize pool mainly plays an auxiliary role. In the early stage, it can quickly attract popularity in this natural traffic market. In the later stage, NFT collection will be the top priority. Heavy.
For experienced gamers, even if the expected value growth of NFT is not considered, it is a good choice as a collectible collection, so it is conceivable that it will be scrambled by players in the later stage.
From now on, players of these games often see the dynamics of FomoDota. FomoDota will gradually cooperate with major games and game events, including direct cooperation, event sponsorship, charity and game peripherals, and everyone is familiar with it. The well-known e-sports player has also created a marketing channel. In addition, its token $FDOTA will also be launched on exchanges of different levels according to the expansion of the number of token holders. The two tracks are two-pronged.
Currently, FoMoDoTA has been launched on cmc on July 12.
The NFT of the Dota2 series will also be launched soon. League of Legends and Arena of Valor are still under design. You can imagine what kind of response it will cause in the market. At least from the perspective of the community, the response is quite good. .
According to the characteristics of each other, NFT and the game itself should be a match made in heaven. Even NFT had the voice of many game projects when it first came out, and FoMoDoTA, as a pioneer in the e-sports game market, has undoubtedly attracted many people looking forward to it. Look, just imagine, when we are playing Dota2, Lol or King of Glory one day, you will realize that you can own this game character in the NFT market, what kind of mood will it be?
