FTM Alerts - Live stream with fBOMB, CRE8R DAO and SpiritSwap
Primer: Austin Rampt of FTM Alerts invites Fierydev from fBOMB, Dunks from CRE8R DAO, and Usanko from SpiritSwap to discuss their projects and their partnerships with one another. Fierydev drops some alpha leak as well, so don’t miss out on our summary.
Background
Fierydev
Currently heading fBOMB
Dunks
From CRE8R DAO
Currently doing a partnership with fBOMB
Usanko
From SpiritSwap
He’s usually the one that host AMAs on the SpiritSwap Discord
fBOMB
When BOMB started, it was a token with no value
There were people who bought BOMB at absurdly cheap prices. These individuals will take profit, causing market fluctuations
People lost faith because there was no team working on it full-time
“The problem with community-run projects is that once the community dies down or isn't active anymore, the project dies with it.”
- Fierydev
BOMB has 2 features that people underestimated:
It is deflationary
Millennium Club will be taking over BOMB and growing the project
Millennium Club has the early mover advantage on the Fantom ecosystem. They have accumulated a lot of governance power in a number of protocols
They will be using their governance power from multiple protocols to vote and incentivize BOMB
They have an upcoming pair on SpiritSwap that is incentivized
Goals For fBOMB
When he started being a validator for Fantom, he often receives questions about when will he be taking profits into stablecoins
Was not someone who converts his profits into stablecoins
Realized that there was some truth to what they were saying. Decided to find something that is sustainable
Wanted to farm fBOMB for the rest of his life. He will not suffer fBOMB burn as he is not trading it
Will have more fBOMB farms coming up soon. Their plan is a never ending supply of fresh farms via ever growing governance power
Currently working on a wrapped version of fBOMB
Fierydev’s Proudest Accomplishment
Want to include a shout-out to Midas Investments. They started as a masternode hosting and custodial investment platform and have achieved a lot more
Have been working with them since 2019
He introduced them to the fBOMB and Fantom community to build up their audience
Midas did a 20-30x
His goal is to bring projects into the Fantom ecosystem and help them succeed
Unique Advantages That BombSwap Has
They are highly manoeuvrable/adaptable
They can add new farms and projects in a flexible manner
A lot of DEXes and AMMs are not able to deal with frequent changes as it interferes with their calculations
Unique symbiotic relationship with MillenniumClub. Considering that MCLB doesn’t have a token, this is huge for both projects
Their Plans With The Voting Power That They Had
Fierydev
Perfect example would be their partnership with CRE8R DAO
When they partnered with CRE8R DAO, they gave the latter a lot of votes because it’s a long-term partnership
Dunks
CRE8R DAO does content marketing for DeFi protocols
CRE8R DAO started asking potential clients to do Snapshots and to put their proposals there
Fierydev put up a proposal and voted with 10% of the entire SpiritSwap voting power and market bought a whole bunch of CRE8R tokens
CRE8R DAO checked out their project and both projects partnered up
About CRE8R DAO
Ceazor of Ceazor's Snack Sandwich and Gabriel Haines of Talking Crypto started CRE8R DAO
CRE8R DAO does deals with clients and content creators would make content for these clients
Have people with agency experience
Got a guy that works with Netflix on videos and a lady who is an actual famous singer
“Gabriel Haines’ head of Talking Crypto show recently had a baby and he kind of went a little bit crazy and just started yelling at everyone on Twitter.”
- Dunks
Any Competitors To CRE8R DAO?
No one structures it like the way CRE8R DAO does
There could be marketing DAOs that he is not aware of
There are some parallels to Bankless DAO. However, Bankless DAO is a media DAO, not a marketing DAO
Presence of CRE8R DAO On Fantom Blockchain
Dunks
Ceazor likes being on Fantom
Fierydev
In the early days, he commented on one of Ceazor’s YouTube videos
Ceazor reached out to him and Fierydev introduced him to the Fantom ecosystem
Ceazor continued exploring the ecosystem
Came across CRE8R tokens on SpiritSwap
fBOMB Partnerships
Fierydev was one of the founding members of SpiritSwap
Got the 70,000 SPIRIT airdrop
Loves every protocol that is launched on Fantom
Has a friendly working relationship with every protocol
They started with SpiritSwap, followed by Beethoven X, SOLIDly, and more to come
The partnerships will allow fBOMB to introduce new projects and to become the top farming token with a safe and stable APR
Their Minutes To Midnight Feature
One of the crazier features they have
It all started with the article on Ethereum being a dark forest. The article entails that everyone works for economic incentives
Minutes to Midnight is a game that focuses on human greed
Each player buys a ticket. The one who buys the last ticket wins the entire pot at end of timer (AKA midnight)
The tickets could be bought using any currency
Tokens
BOMB Token
The original dev programmed the contract such that no new BOMB could be minted
When they took over, they faced the issue where they had to create more use cases to increase BOMB token adoption. At that point, 20% of the BOMB supply was already burnt
They approached a few DEXes to get a farm for BOMB. However, it did not get traction as they did not have a following and people did not have faith in BOMB
Realized they needed to create an incentive/business model around BOMB to get more users. The Shrapnel token was created to serve this purpose
Shrapnel Token (SHRAP)
An inflationary token which is used as farming rewards
It is used for partnerships (i.e. they LP Shrapnel for a lot of their partner projects)
If they wanted to introduce more projects, they couldn’t use BOMB. This would result in someone market buying BOMB, which is not sustainable
“BOMB is a 7 million market cap coin. I don't think a year ago anyone would have ever believed it. The original dev exit scammed for like $40,000, We are somewhere where no one thought we would be and I’ve barely gotten started.”
- Fierydev
Fantomon
One of the crazier but fun trading card games being built on Fantom
Trainers are able to give their Fantomon food to develop them
They are partners of Millennium Club and fBOMB
Millennium Club helped get Fantomon up to speed in their infancy
Millennium Club and fBOMB holds ~20% governance power in Fantomon. This was granted to them for providing never ending support to Fantomon
Alpha Leak
Has plans to make some BOMB-LP assets to be used as collateral
They have the governance power in the right protocols to make this a reality
CRE8R DAO And SpiritSwap Partnership
SpiritSwap V2 is coming very soon
CRE8R DAO will be creating content for SpiritSwap V2
CRE8R DAO did a bribe on the SpiritSwap gauges for ~50k worth of CRE8R tokens
CRE8R DAO is farming a ton of SPIRIT and looping it over to Solidly to farm SOLID
Shout-out to Hundred Finance and vfat who got CRE8R DAO whitelisted on Solidly
SpiritSwap Incentives
They are incentivizing the wrapped inSPIRIT model
This allows the SpiritSwap protocol to farm the token as well
rainSPIRIT (from Ola Finance) was launched around the same time as Solidly farming
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