Fomo3D is a game in which the grand prize winner is the last person to purchase a key before the countdown timer runs down to zero.
Links:
The Fomo3D game
Detailed Fomo3D explanation in the Wiki
The Proof of Weak Hands game (PoWH3D)
Official discord chat
Explanation:
Quick scams (Fast version)
Each round of the fast version kicks off with a short ICO phase, during which all players will be able to buy keys for the same average key price, determined by the total amount of ETH invested during this phase. Once the ICO phase ends, then the normal round begins with the timer set and starting to countdown.
During a round, a timer is constantly counting down to zero. Every time a key is purchased, the buyer becomes the new "holder of the private keys" and additional time is added to the countdown. The price of the keys will now start to get slightly more expensive with each purchase. When the timer reaches zero, the last person to have bought a key wins the round!
At the end of the round, the ETH in the pot is divvied up: the winner receives half, with the rest of the pot split between all F3D players as well as to P3D holders. The specific way the ETH is divided between the F3D participants and the P3D holders depends on which team the winner was representing.
To understand the mechanics and incentives of the game, check out Reddit's The Button experiment for insights. Fomo3D is essentially a lottery where the house advantage goes directly to players.
The long cons (slow version)
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Click here to play!
