Crypto Society AMA with Lord Wilmore from Fantom Oasis
Primer: This is a summary of the Crypto Society AMA with Lord Wilmore from Fantom Oasis that happened on the 17th of Oct 2021. Fantom Oasis is a decentralised project launchpad for the Fantom Opera network. The AMA adds several points of interest to people who are following the project, such as their competitive advantage and what the criteria for new project launches are.
Past articles
We’ve covered Fantom Oasis pretty extensively in two of our articles. The one below focuses on the token allocation and tokenomics of Fantom Oasis.
To get a general view of what Fantom Oasis is about, this article with SamFisher321 will be helpful:
Readers might want to read these two articles first before reading the updates from this AMA.
Fantom Oasis core team
3 people on the team - Lord Wilmore, DrThadCastle and SamFisher321
DrThadCastle - programmer in traditional tech companies
Lord Wilmore - a trader
SamFisher321 - businessman and blockchain enthusiast
DrThadCastle and Lord Wilmore had known each other for a while, and they met SamFisher321from the Fantom community
The origin story of Fantom Oasis
SamFisher321 was the person who came up with this idea
He saw the lack of a bridge between the community and Fantom developers
Many developers want to launch on Fantom but the avenues to raise capital is not as well developed as those in Ethereum
On the other side, Fantom users want more avenues to invest in Fantom DeFi projects but there is a lack of such projects that are legitimate
SamFisher321 pitched the idea of what was to become Fantom Oasis. Together with Kevin the developer, they started it
Fantom Oasis is like a start-up incubators that fund and help develop projects and companies
Why start on the Fantom Opera network?
They started on Fantom blockchain because all of them are already heavily committed to the Fantom ecosystem with their time and money,
Had been a long time Fantom investor and actively involved in the community
Saw a gap between tradfi and pure decentralization and Fantom is the bridge to cross this gap
Other chains have similar projects but not on Fantom Opera, so they see it as a necessary service to start
Ethereum is too decentralized and does not have the control that banks need
Fantom is somewhere in the middle ground
The team feels that Fantom consensus technology is way more innovative than other chains
What is the competitive advantage of Fantom Oasis?
The competitive advantages for Fantom Oasis are as follows:
Comes from the grassroots community and is run by developers and community members
Have 10 node runners invested
Have several telegram personalities inside too
Not top-down corporate project but organically formed
No real competition yet on Fantom - there are other launchpads but they are not launching any projects at the moment
Contrasting with Tomb Finance who has 1 developer and 10 corporate managers who are not in touch with the community, Fantom Oasis has 10 developers and a few managers who came from the Fantom community over the years
They are not corporate big wigs looking for a quick cash grab - most of them are developers and community members that have a good intuition of what works
Fantom Oasis native token $FTMO
The main use of the token is to obtain large and cheap allocation to the project Fantom Oasis launches
If someone uses the platform without the tokens, they can still get access to new launches but it will be at market rate, not the discounted rate. Their allocation will also be smaller
Token holders need to stake their tokens to get a relative rank based on their holdings
Not staking will result in severe devaluation - they intentionally wanted to punish speculators and reward stakers
There is a floor and ceiling for the max and min allocation for the tokens of new project launches to prevent people from gaming the system
Telegram chats
Rowdiness in the telegram chat
They have two chat groups - one is a more serious one, the other cruder and rowdy
They believed in controlled outlets for the community to express their thoughts and emotions
Having these two different types of chat groups show that they are in touch with the community, enough to know that this is what they want
Making everything rigid and proper might prevent the honest flow of information that will stifle the creativity and make the project weaker
Lord Wilmore mentioned that if they are trying to scam people, they will eliminate these avenues to present a false image to people, but they are not scams
Project launches
Any new launches to share?
Already performed one launch with Retreeb and have many more in the pipeline
Have a few big names that everyone knows about, but will announce in the near future
What are the criteria to select projects to launch?
Criteria for projects are as follows:
Is the code legit? Have their in-house developers to audit them
Will Fantom Oasis stakers be able to profit given the initial price and tokenomics of the new project?
Do they think that the project as a whole can succeed and adapt itself to the Fantom ecosystem?
Relevant links
Fantom Oasis Website: https://oasislaunch.me/
Fantom Oasis Telegram:
Lounge bar group: https://t.me/fantom_oasis
Focus Group: https://t.co/Ovcx6HGUzw
Fantom Oasis Twitter: https://twitter.com/fantom_oasis
Medium: https://t.co/cM4vamDU9f
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.