A comprehensive list of terms and concepts used in the FROMO ecosystem.
A
AMM (Automated Market Maker)
A decentralized exchange protocol that uses a mathematical formula to price assets, allowing for automated trading.
B
Berachain
The blockchain network on which FROMO operates.
F
FROMO
A gamified platform that guarantees liquidity for rare and unique NFTs within a set timeframe. The name combines “FOMO” (Fear Of Missing Out) with elements of the platform’s game mechanics.
FOMO3D
An Ethereum game that inspired some of FROMO’s mechanics, known for its innovative game theory and mechanics.
Floor Price
The lowest price at which an NFT from a specific collection is available for purchase on the market.
Flywheel Effect
A reinforcing cycle in which the platform creates sustainability through interconnected mechanisms that build upon each other.
G
Game Slot
A limited opportunity for an NFT supplier to initiate a FROMO game by staking their NFT.
K
Key
The primary participation token in FROMO games. Players mint keys to join games and earn rewards.
Key Conversion
The process of transforming keys from completed games into $OMO tokens.
Key Minting
The act of purchasing keys to participate in FROMO games.
L
Liquidity
The ease with which an asset can be converted to cash or other assets without affecting its market price.
Liquidity Pool
A collection of funds locked in a smart contract, used to facilitate trading by providing liquidity.
N
NFT (Non-Fungible Token)
A unique digital asset that represents ownership of a specific item or piece of content on the blockchain.
NFT Supplier
An individual who stakes their NFT to initiate a FROMO game in order to receive liquidity.
Non-Fungible Liquidity
Liquidity that correctly values the unique traits and properties of NFTs, rather than treating them as homogeneous assets.
O
$OMO
The native token of FROMO, used for rewards, staking, governance, and NFT redemption.
OlympusDAO
A decentralized reserve currency protocol that inspired some of FROMO’s tokenomics.
P
Player
An individual who participates in FROMO games by minting keys.
Progressive Price Curve
The mechanism by which key prices for new FROMO games increase as the total number of minted keys grows.
R
Reserve Pool
The collection of NFTs that have completed FROMO games and are available for redemption using $OMO tokens.
Redemption
The process of acquiring an NFT from the reserve pool by paying the specified amount of $OMO tokens.
S
Staking
The process of locking up crypto assets to participate in network operations, often in exchange for rewards.
T
Testnet
A blockchain testing environment that allows developers and users to experiment without using real funds.