F0ME is a new pure Proof of Stake coin that will be distributed entirely via airdrop. Masternodes are planned for F0ME as well, and they will be activated in May of 2018. Airdropped projects often get broad community penetration and allow users who do not have access to large-scale mining facilities the opportunity to join into new projects meaningfully through active participation. F0ME will have 16 weeks of air drops with each week requiring active community participation for a user to maintain eligibility. This means that the most active within the F0ME community will receive the most reward and that social loafers will generally be excluded from participating.
What F0ME is
F0ME is a Proof of Stake / Masternode hybrid coin that is entirely airdropped and based on a simple Proof of Effort system. Effort will be measured via a variety of indicators and cheaters will be permanently banned from participating in the project. F0ME is built on the Bitcoin codebase and Masternode integration will be done via the DASH codebase.
How F0ME works
F0ME has two phases. The initial phase is simple. There will be 16 air drops of varying sizes that take place over 16 weeks. Eligibility for the air drops depends on multiple factors, including:
· Discord participation ( https://discord.gg/XkyqPw8)
· F0ME Forum participation (https://f0me.com/)
· BitcoinTalk Forum participation
· Other activates as directed
When users contribute to the growth of the F0ME community by translating whitepapers or completing other bounties they will also be rewarded. The end goal of the airdrop campaign is to foster a large group of active users and to generate excitement and interest surrounding the F0ME project for a successful launch into phase 2. During the first phase the coin will be purely Proof of Stake and have 60% interest. Participants who sell more than 50% of their airdrop will be excluded from future rounds. Airdrop participants that have HODL’d more than 90% of their total airdrop rewards will receive an additional portion of the airdrop each round.
F0ME’s second phase will begin with the launch of Masternodes (12,000 F0ME collateral requirement) and a reduction of the PoS interest. Masternodes will receive 50% of the block reward, provide important privacy coin functionality, and secure the network by validating transactions.
Roadmap
F0ME’s initial roadmap is largely based around the Proof of Effort campaign and leads into the launch of Masternodes and the second Bounty campaign. Here’s what you can expect from us right out of the gate:
· Social Media presence rollout (done)
· Launching the coin (done)
· Launching the F0ME Forum / Website (done)
· First Airdrop — January 24th, 2018
· Last Airdrop — April 4th, 2018
· Initial Bounty Campaign
· Blockchain Explorer
· F0ME Captcha Faucet
· Exchange Listings
· Web Wallet
· Mobile Wallets
· Formal Whitepaper and Translations
· Masternode Launch
As we approach the completion of our initial roadmap we will begin communicating our plans for the future, including additional development items.
How you can help
F0ME’s success will rely upon the community. You can help by growing our community. A large community will drive our market penetration, adoption, and access to larger exchanges. F0ME plans to be a long-term project and our initial launch will help set our trajectory now and into the future. Get out there and encourage others to get in on F0ME’s “Proof of Effort” mining! The only special equipment required is your keyboard and your brain. Use them both and be rewarded!
