FomoDOTA was founded in 2021 with the goal of establishing a decentralized blockchain ecosystem for all esports players to enhance the impact of esports within the blockchain sphere. With a distinguished background in esports and blockchain software, we envisioned creating a decentralized trading platform based on NFTs in the esports trading domain, alongside a robust charitable donation mechanism that levies donations to foundations identified by global esports celebrities we collaborate with. FomoDota aims to revolutionize the gaming and NFT collectibles industry, enabling users to discover and collect NFTs of their favorite esports game heroes, such as from DOTA2 and LOL, in the real world and in real-time. FomoDOTA will enable unprecedented interaction within blockchain and real-world global esports events.
$FDOTA is a BEP20 token deployed on the Binance Smart Chain, utilizing a secure audited smart contract. $FDOTA powers the entire ecosystem within the platform, allowing users to purchase and trade FomoDOTA NFT collectibles across different categories for rewards like tickets to international DOTA TI tournaments, invitations to the LOL global tournament, Bitcoin, and more.
Token Information
The symbol for the FomoDOTA ecosystem token is $FDOTA. Its total supply is 1,000,000,000,000,000. In this scenario, 30% of $FDOTA will be directly injected into a black hole address. 6% of $FDOTA will be distributed to community members who participated in the Launchpad. 1% of $FDOTA will be airdropped to cooperative token holders. 36% of $FDOTA will be injected into the initial liquidity pool after launch. The initial liquidity is provided by the team and locked for one month.
Token Deflation
The fee rate is determined based on the health of the liquidity pool, with an innovative stable balancing mechanism (2% fixed reward to the development team):
When the liquidity pool ≤ 100,000 USDT, the fee is 18%
9% to the fomo prize pool
4% auto-added to the black hole LP
3% distributed to $FDOTA holders
Greater than 100,000 USDT ≤ 200,000 USDT, the fee is 16%
8% to the fomo prize pool
4% auto-added to the black hole LP
2% distributed to $FDOTA holders
Greater than 200,000 USDT ≤ 300,000 USDT, the fee is 13%
6% to the fomo prize pool
4% auto-added to the black hole LP
2% distributed to $FDOTA holders
Greater than 300,000 USDT ≤ 450,000 USDT, the fee is 10%
5% to the fomo prize pool
2% auto-added to the black hole LP
1% distributed to $FDOTA holders
When the liquidity pool > 450,000 USDT, the fee is 6%
2% to the fomo prize pool
2% auto-added to the black hole LP
0% distributed to $FDOTA holders
FOMO Prize Pool
Minimum triggering purchase volume: 250 billion
Fomo prize pool address: https://bscscan.com/address/0xB93315Ffe3F65C75b65b89A9E6B23065bA48566B
2%-9% of any transfer is continuously added to the Fomo prize pool contract account. If there are no token purchases within 4 hours, 50% of the USDT in the Fomo prize pool (pre-tax) is rewarded to the last token buyer (a minimum of 250,000,000,000 $FDOTA is considered valid). For example, if there is 100,000 USDT in the prize pool and no purchases for four hours, the last token buyer receives 50,000 USDT (pre-tax).
Every hour, 0.4% of the USDT in the Fomo prize pool (pre-tax) is rewarded to the last token buyer (a minimum of 250,000,000,000 $FDOTA is considered valid and pre-tax). For example, if there is 100,000 USDT in the prize pool, 0.4% USDT is awarded to the last buyer every hour, earning them 400 USDT (pre-tax).
Manual Burn
If no one really takes the Fomo prize pool, it can accumulate too high. To reduce the risk of hacking and better utilize the USDT in the prize pool, when certain trigger conditions are met (such as low token prices or excessive prize pool deposits), the contract function manually triggers the use of 50% of the USDT for buyback and burning of tokens. This is publicly announced.
Security Mechanism
The initial liquidity pool LP is provided by the team and locked for one month. Every transaction generates an automatic LP which is automatically transferred to a black hole address and permanently locked by PancakeSwap.
A security audit report from HazeCrypto is published and released to the public. We will continue to engage in deep cooperation with HazeCrypto and CertiK regarding blockchain and smart contract security.
