CRΞ8R - Interview With Sam Fisher from Fantom Oasis
Primer: Fantom Oasis is a new launchpad on the Fantom blockchain. It is launched for the community by the community. In this episode, Ceazor interviews Sam from Fantom Oasis, learning about their values, long term goals, the project, and its token.
Fantom Oasis
A community-funded launchpad for the community by the community
Most of their investors are validators on the Fantom blockchain
Designed to jump-start the nascent Fantom ecosystem by providing both a means for innovative project developers and investors to connect
Long Term Goals
Wants to have a full-fledged company that can assist anyone that wants to develop on Fantom
Fantom is the cheapest of all the EVM chains. Someone who wants to develop something experimental is more than welcome to contact them
Currently do not have any plans to expand to other blockchains, but they have the capability to do so
Values Of Fantom Oasis
All about decentralization and free speech
Most projects are not decentralized enough. Developers are the ultimate decision-makers, tasked with manually implementing (or not implementing) the wishes of voters
"It's not about the money, it's about community, it's about different projects, helping each other creating something better, I mean, cross-project partnerships and stuff like that."
- Sam Fisher
The team finds this status quo unacceptable. Their voting will be linked directly to their smart contract and would execute the will of voters without the need for human intermediaries
Wants to help the community and give everyone a chance
Wants to be a self-sufficient ecosystem that helps and supports other projects
Team
Currently have a team size of 4. Of which, 3 are solidity developers
Constantly hiring new people
Their Launchpad
Most launchpads are centralized, where holders are locked out of the governance process. Fantom Oasis is a decentralized launchpad that gives power to the people
Experimenting with a new way to build their launchpad. Their older system is outdated and they had a lot of problems with it
Currently, they are behind schedule. Other experimental launchpads like SushiSwap's Miso got exploited and Fantom Oasis wants to avoid the same fate by taking it slow and focusing on security
Two types of users: Investors and Project Teams
Investors
They come to the launchpad and lock up their FTMO tokens. They get a staking score based on the length of time that they have locked up their tokens
The allowance differs from project to project
Project Teams
Will use their launchpad to launch their project
In the beginning, the Fantom Oasis team will be manually helping the projects launch on their launchpad. Eventually, this process will be automated
Their end goal is for project teams to come to their launchpad, do a few clicks, and everything is set up for them. Collection of funds and liquidity creation would be automated by the smart contract. The only responsibility the project team has is to market their project
The Fantom Oasis team will eventually move from building the platform to providing support to projects that they deem interesting
Projects that have passed a thorough vetting by the Fantom Oasis team will allocate a portion of their tokens to FTMO stakers. In turn, the project founders will receive a number of benefits, including but not limited to: financing, developer advisory, auditing, marketing, and strategic advisory
FTMO Token
Used to bootstrap Fantom Oasis
The token is hard-capped at 100 million
For the first 60 days following the public sale, a staking/liquidity mining program will begin to reward early investors and contributors
In the future, the token can be staked to produce a staking score
They are currently developing their staking contract
Right now, holders can use their FTMO tokens to farm BOO on SpookySwap
Getting In Touch With Them
If you are a developer launching a project on Fantom, you can contact them through Telegram or Discord to talk about your idea
Telegram
Discord
Discord is run by the community
All information presented above is for educational purposes only and should not be taken as investment advice. Summaries are prepared by The Reading Ape. While reasonable efforts are made to provide accurate content, any errors in interpreting and summarizing the source material are ours alone. We disclaim any liability associated with the use of our content.