been on this app for over 5 years and somehow just realized you can screenshot a post straight from the share menu ๐ญ
am I the only one who had zero clue about this?
Wrapping up my 5-post series on @FungoLabs, here is a full breakdown of what they are building and why this project actually stands out to me.
What makes Fungo different: Normally on Ethereum, everything in your wallet is public. As soon as you mint an NFT, everyone can see its traits and rarity. Fungo uses Zamaโs encryption (FHE) so your NFTโs stats, class, and elements stay hidden on-chain forever. Even when you use your NFT in future games or duels, the smart contract runs the math privately without showing your stats to anyone.
Real value for the 3,232 Genesis NFTs: Instead of just being digital art, holding a Genesis NFT is like owning a share of the launchpad:
1,113,861 $FUNGO airdrop per NFT at TGE (7 days to claim, and unclaimed tokens get burned)
4.5% of every launchpad sale and 20% of platform fees go back to holders in ETH, ZAMA, and new tokens
5% to 20% of the token supply from every new project launched on Fungo goes to Genesis holders
Over 3,000 projects have already applied to launch on the platform
Fair execution so far: Actions speak louder than promises in Web3. For the Genesis auction, they used encrypted blind bids so bots couldn't front-run, and every winner paid the exact same final price. Even better, their smart contract automatically refunded 95% of unused whitelist mint fees straight back to people's wallets.
Simple and clean $FUNGO tokenomics:
Fixed 10B total supply with no extra minting later
No VC rounds, no private presale, and 0% buy/sell tax
82.5% supply circulating at TGE
Option to claim the airdrop privately as cFUNGO
20% of platform revenue goes to weekly token buybacks and burns
The 300M $FUNGO X Campaign: If you haven't joined yet, there is still a 300,000,000 $FUNGO pool for creators before TGE. Just connect your X account and submit up to 5 original posts here:https://t.co/CpN1n8i5Le
This is my 5th and final post for the campaign. Everything from the fee refunds to the blind auction has been super clean so far. Now let's see how TGE and the launchpad play out.
What are your thoughts on Fungo so far?
#Fungo #FHE #Ethereum $FUNGO
Wrapping up my 5-post series on @FungoLabs, here is a full breakdown of what they are building and why this project actually stands out to me.
What makes Fungo different: Normally on Ethereum, everything in your wallet is public. As soon as you mint an NFT, everyone can see its traits and rarity. Fungo uses Zamaโs encryption (FHE) so your NFTโs stats, class, and elements stay hidden on-chain forever. Even when you use your NFT in future games or duels, the smart contract runs the math privately without showing your stats to anyone.
Real value for the 3,232 Genesis NFTs: Instead of just being digital art, holding a Genesis NFT is like owning a share of the launchpad:
1,113,861 $FUNGO airdrop per NFT at TGE (7 days to claim, and unclaimed tokens get burned)
4.5% of every launchpad sale and 20% of platform fees go back to holders in ETH, ZAMA, and new tokens
5% to 20% of the token supply from every new project launched on Fungo goes to Genesis holders
Over 3,000 projects have already applied to launch on the platform
Fair execution so far: Actions speak louder than promises in Web3. For the Genesis auction, they used encrypted blind bids so bots couldn't front-run, and every winner paid the exact same final price. Even better, their smart contract automatically refunded 95% of unused whitelist mint fees straight back to people's wallets.
Simple and clean $FUNGO tokenomics:
Fixed 10B total supply with no extra minting later
No VC rounds, no private presale, and 0% buy/sell tax
82.5% supply circulating at TGE
Option to claim the airdrop privately as cFUNGO
20% of platform revenue goes to weekly token buybacks and burns
The 300M $FUNGO X Campaign: If you haven't joined yet, there is still a 300,000,000 $FUNGO pool for creators before TGE. Just connect your X account and submit up to 5 original posts here:https://t.co/CpN1n8i5Le
This is my 5th and final post for the campaign. Everything from the fee refunds to the blind auction has been super clean so far. Now let's see how TGE and the launchpad play out.
What are your thoughts on Fungo so far?
#Fungo #FHE #Ethereum $FUNGO
Last hour to get your bids in on the @FungoLabs Genesis auction. All bids are sealed and each winner pays exactly the same final price, so Iโm really interested to see where the clearing price ends up after 15:30 UTC.
Last hour to get your bids in on the @FungoLabs Genesis auction. All bids are sealed and each winner pays exactly the same final price, so Iโm really interested to see where the clearing price ends up after 15:30 UTC.
The $FUNGO airdrop of 1.11M is honestly a bonus here.
3,232 NFTs to get a 4.5% cut of each sale + 5-20% of each new token that is launched on @FungoLabs is huge with 3,000+ projects already waiting to launch.
Receiving 95% of your mint fee back automatically into your wallet is something you rarely see on Ethereum.
The contract used only what was necessary to write the sealed traits on chain and pay Zamaโs fees. Then it returned the remaining amount. Clean execution from @FungoLabs and a great way to build trust, on.
$FUNGO #Fungo
Receiving 95% of your mint fee back automatically into your wallet is something you rarely see on Ethereum.
The contract used only what was necessary to write the sealed traits on chain and pay Zamaโs fees. Then it returned the remaining amount. Clean execution from @FungoLabs and a great way to build trust, on.
$FUNGO #Fungo
The $FUNGO airdrop of 1.11M is honestly a bonus here.
3,232 NFTs to get a 4.5% cut of each sale + 5-20% of each new token that is launched on @FungoLabs is huge with 3,000+ projects already waiting to launch.
All the cryptocurrencies are being created with the same token economics and minting mechanisms. @FungoLabs is doing things differently in Ethereum.
Here is my analysis of what is being done by FungoLabs with Fully Homomorphic Encryption (FHE) and why I liked their project.
Innovation (FHE & NFTs):
Fungo is not simply encrypting the NFT art. Class, stats, elements, and other information about your NFT stay encrypted on-chain. All of the game mechanics such as duels, statistics, etc. can be calculated through smart contracts while keeping the original information private.
No Overhang from Venture Capital Funds + Great Tokenomics:
- No new mints after the TGE (total fixed supply of 10B $FUNGO)
- 82.5% initial circulating supply
- 0% tax
- No private investment rounds
- 20% of the platform revenue will go towards buybacks and burns
Creator Campaign & Rewards Pool:
They have launched a 300,000,000 $FUNGO creator pool aimed at genuine community builders before TGE.
In case youโre interested in joining and giving your perspective, hereโs how the process looks like:
- Visit the official campaign webpage: https://t.co/CpN1n8i5Le
- Link your X account.
- Write up to 5 articles on Fungo (articles qualifying for the rewards starting from November 1, 14:00 UTC).
Drop your links and get paid directly to your wallet at TGE depending on quality.
Itโs my first article on the development of the project. How will the on-chain privacy scale?
What do you think about the FHE implementation in Web3?
#FungoLabs #FHE #Ethereum #Web3 $FUNGO #FUNGO
All the cryptocurrencies are being created with the same token economics and minting mechanisms. @FungoLabs is doing things differently in Ethereum.
Here is my analysis of what is being done by FungoLabs with Fully Homomorphic Encryption (FHE) and why I liked their project.
Innovation (FHE & NFTs):
Fungo is not simply encrypting the NFT art. Class, stats, elements, and other information about your NFT stay encrypted on-chain. All of the game mechanics such as duels, statistics, etc. can be calculated through smart contracts while keeping the original information private.
No Overhang from Venture Capital Funds + Great Tokenomics:
- No new mints after the TGE (total fixed supply of 10B $FUNGO)
- 82.5% initial circulating supply
- 0% tax
- No private investment rounds
- 20% of the platform revenue will go towards buybacks and burns
Creator Campaign & Rewards Pool:
They have launched a 300,000,000 $FUNGO creator pool aimed at genuine community builders before TGE.
In case youโre interested in joining and giving your perspective, hereโs how the process looks like:
- Visit the official campaign webpage: https://t.co/CpN1n8i5Le
- Link your X account.
- Write up to 5 articles on Fungo (articles qualifying for the rewards starting from November 1, 14:00 UTC).
Drop your links and get paid directly to your wallet at TGE depending on quality.
Itโs my first article on the development of the project. How will the on-chain privacy scale?
What do you think about the FHE implementation in Web3?
#FungoLabs #FHE #Ethereum #Web3 $FUNGO #FUNGO