FROMO’s innovative mechanics combine gamification with economic incentives to create a thriving ecosystem for rare NFT liquidity.
Game Structure
Each FROMO game follows a structured flow:
- Game Initiation: NFT Suppliers bid for game slots
- NFT Staking: The winning supplier stakes their NFT to start the game
- Key Minting: Players purchase keys to participate
- Game Progression: As more keys are minted, rewards accumulate
- Game Conclusion: The game ends after a set period
- Rewards Distribution: Fees are distributed according to the fee structure
- NFT Reserve: The staked NFT moves to the reserve pool
Key Minting
Keys are the primary way players participate in FROMO games:
- Players mint keys to join games and earn rewards
- Each key minted increases the cumulative rewards for existing key holders
- Keys from completed games can be converted to $OMO tokens
Progressive Price Curve
FROMO implements a sophisticated pricing mechanism:
- Inter-Game Progression: The key price for new FROMO games gradually increases as the total number of minted keys across the platform grows
- Intra-Game Stability: Within a single FROMO game, the key price remains constant, providing predictability for players
- This dual approach ensures both platform growth and game-level stability
Fee Distribution Breakdown
When a player mints keys, the fees are distributed to various stakeholders (Testnet distribution):
Recipient | Percentage | Purpose |
---|---|---|
Existing Key Minters | 20% | Rewards participation and early adoption |
Final Key Minter | 20% | Creates incentive for continued play |
NFT Staker/Provider | 50% | Provides liquidity to NFT suppliers |
Protocol & Liquidity | 10% | Ensures protocol sustainability |
Note: These percentages are subject to change
NFT Reserve and Redemption
Staked NFTs enter the reserve pool with the following properties:
- The NFT can be redeemed by anyone using $OMO tokens
- Redemption price is set at 110% of the final game price
- This ensures both liquidity for the NFT supplier and growth opportunity for token holders
Game Rewards
FROMO rewards participants in multiple ways:
- Key Holder Rewards: Percentage of new key minting fees
- Final Key Rewards: Special bonus for the final key minter
- Token Conversion: Key to $OMO token conversion at game conclusion
- NFT Supplier Rewards: Guaranteed liquidity from key minting fees
Learn more about:
- $OMO Tokenomics - Detailed information about the token
- How FROMO Works - Overview of the platform mechanics