In 18 months
FP devs bought back ~7% of circulating supply using generated fees
while organic protocol usage burned 25% of total supply - all without incentives!
Coming soon: frenpet(dot)ai offering up to 500% APR.
We are ready to scale the FP protocol to new heights🚀
With around 2k $FP staked my 20 pets yield me an average of 0.08142 $ETH per week.
At current prices (ETH = $3304.02, FP = $1.08) that's $274.20 weekly rewards for an investment of $2135.31 (locked for 30 days with linear vesting).
This equals an APR of 154%. Payed in $ETH.
FP LP to marketcap is one of the highest onchain (that is owned by the protocol, no external lps)
mechanics working but need more eyes (many such cases, so worth 0)
In 1.3 years @frenpetonbase generated and distributed 33% of it's marketcap worth in revenue (eth) to users while burning 26% of it's token supply (more value to pepes)
More apps are coming to support this economically, spiritually and values aligned network that is not designed (via reality math and humans) to fuck it's supporters
It will still most likely go to 0 NFA bc we want fartcoin
But it is what is
You can login and take care of an online pet from your pocket that earns you eth from pepes gambling on uniswap
You don't need money to get started or to know what crypto is
Also, there is a new AI game coming unrelated to the pet game that will just benefit the players playing the pet game without even knowing it
I don't think this type of flywheel was tested yet in a bull market (praying it continues)
From "Create wallet" to first onchain action in <1 min.
With smart wallet, @frenpetonbase players can adopt their first onchain pet for free — without needing to hold ETH or pay for gas.
Videocoins on @Drakulaapp have generated tens of millions in volume on @base over the past week 🤯
Insane yet still day 1, so much to improve still! Up next: 20x more liquidity, easier trading UX and more
Drakula is the first memecoin launchpad on the App Store, supporting the most popular social media format: short videos
I couldn’t be more bullish on @drakulaapp right now.
To support @freedomfactory and future consumer apps
we just ~$32k in $FP to airdrop present and future phone holders!
Excited to see players playing Frenpet and other apps in the future from the Ethereum Phone
When people talk about @base eco, there really are not many projects on there.
There’s a few memes some desci project , a few others which are on mainnet too.
For me, the best NATIVE $base project is @frenpetonbase#frenpet
They account for 0.5% of all txns on $base
https://t.co/9Kw0dILcg7
They have developed a retail friendly Tamogotchi type of game that is easy to play and also very cheap. Retail does not have $30 a day go pay for a txn. However given the game costs $1 a week to run at most and u have ur own pet on chain, it’s quite addictive
The projects been out for a year and had hype before. In my opinion it’s the most successful native base project and the most adopted.
Idk how @coinbase views them as idk if a tax project can be listed (tax is for in game processes to help, some flywheel going on there) but I would imagine that given this project is the most adopted (thousands of players) accounting so many of the chains volume, there would be some interest or partnership?
But it’s obvious they know that this is a big project in their ecosystem, it’s at the front of the door at base headquarters
Either way the downside is rlly minimal given the chart and the upside is a liquid 4-5x at least if people believe base gets a run
Elsewhere I’ve experimented with memes, not as comfy sharing them since I want to make consistent profits myself but learning along the way!
Happy Builder Friday, everyone!
Today, we're excited to feature @frenpetonbase, an engaging onchain game where you can grow, play, and earn with your very own Frenpet! 🐾
Raise, train and battle with your new sidekick in the world of frenpet.
Today we are excited to intoduce the Frenpet 30 day badge and Quests!
Starting today anyone can grow their onchain pet for free and earn ETH rewards forever!
Buy a 30 day pass or stake FP if you would like extra perks such as:
🚀 10X Points on Bonks
🍀 2000pts Chance on Spins
🎁 3 Free Loot Boxes
⌛️ 10 min wait between bonks
You can read the full docs below or get started on pet(dot)game 👇
Decentralized bootstraped development ❤️
Few days ago @Rhynotic said he feels like building something and if i had ideas for fp, we agreed maybe invite system for tg
Gave him access to gh and vercel and he coded all the features, bot and apis and live in prod now!
He also helped port the app to tg a few months ago
10 days ago we released the fp tower game -> was 100% developed by @chad_gotchi using phaser and I added it to the app and was a big hit some players enjoyed, now anyone can create simple games and we add them to the "arcade" section
Next week we will finally release AA (@dievardump dev), quests (I dev) and (maybe) monthly pass
When working with 0 budget on down times need help from everyone to keep the ship going
FP is the best consumer play
experienced team in game theory/tokenomics
+ tokenomics make sense for ppl (no more mints, 100% FDV)
+ burning 26% in one year and steady on it's second year
+ 100 true fans
+ small team not afraid to not follow the herd
+ the parts that should be decentralized are but room upgradabilityfor growth
+ trusted ppl behind
++++++
I see VCs investing liquid in some projects with awesome apps and teams, problem is their token and incentives don't make any sense and are just farming tokens **designed** to go to 0 over few months?
but another issue is maybe I am the sucker?
as for sure even farming tokens with 100% a month inflation will go up 100X if enough marketing , bull, etc for a period so at the end maybe I am too mid and worrying too much about "lasting" while anyway even now everything down 99% doesn't matter what it is or low float, farming, burning...
** NFA everything goes to 0 in crypto, only buy bitcoin **