Funicular Protocol — the only protocol that climbs to the moon
What if you could buy a funicular ticket and enjoy a nice climb towards the top of the world? That's Funicular protocol — humble project with simple mission.
There are thousands of projects being launched everyday. Some of them die after first snipers exit their positions and collapse the price. Some of them are trying to survive at least for few days promising buybacks, marketing and collaborations. Most of them are pure taxfarms, hps and scams that are abandoned the moment devs farmed enough of ETH or the moment holders realize larp meditation with anons in Telegram groups and Japanese ancient culture coins is not the right path... That's the sad truth about current state of crypto small-cap market. That's why it is very rare to find a project which is different…
I came across Funicular Protocol because of Gyoza Alpha Hunter bot. It alerted private group members when it was just launched. There were almost no Twitter mentions of it and very little Telegram group talks about Funicular protocol at all. Still it caught attention of nearly 100 people during the first day that decided to join the offical announcements Telegram group.
The price was massively pumped at the launch by snipers and early hunters and collapsed right after early snipers started to sell. The scenario was similar to other projects — massive pump, exit of early buyers and dead zone for couple of days with late buyers selling with loss along the way to the zero…
The difference is that Funicular Protocol is built for such conditions. It promises nothing. Funicular does not care if there are passengers. It just climbs without any roadmap or fake utilities. Just one-way ride to the top of the mountain. Fully autonomous. As long as there is enough gas it is unstoppable code that has clear mission — to climb no matter the weather.
How does it work? Code is law
There is nothing revolutionary about Funicular. It collects taxes to create LP positions which are continuously compounded and rewards are used for buybacks and burns. The difference from traditional FaaS and TaaS is that Funicular is fully autonomous. It does not pretend to be a complex fund management structure— it is just… a funicular.
The system is powered by taxes. Every week all taxes are collected and redistributed according to the script.
Every trade of Funicular token is taxed by 11% and the amount is redistributed accordingly:
9% goes to Sushiswap SYNAPSE-WETH pool where yield is collected (with possibility of creating more pools).
1% of the tax is added to Uniswap FUNICULAR-WETH
1% is added to the script wallet in form of ETH to power all gas-consuming transactions such as adding LP positions, harvesting/selling Sushi token and buying/burning Funicular token.
Once a week the yield is harvested. Collected Sushi token is then sold and part of the funds is compounded with the existed LP position and part is used for buyback of Funicular tokens which are then burned.
Since LP position is automatically compounded no trading activity is necessary for the protocol to function and climb. The protocol can be powered only by harvesting of LPs.
The execution of the protocol is fully automated. Operator = script. The script is hosted on Brewlabs on the behalf of the creator. The script cannot be changed. The owner can only modify the order of the actions but it cannot be turned off.
By purchasing the token you basically obtain a funicular ticket — you enter at certain station and exit whenever you feel comfortable with the profits. If it’s going to take weeks or years to arrive to your destination depends only on the trading volume — but it won't stop.
Funicular was deployed and now it is on its journey. The bigger is the yield position and trading volume — the faster it will climb.
You can folllow all transactions of the protocol here:
Current stats
At the time of writing the yield position on Sushiswap is worth $35.270 with average weekly yield of $264.
Total amount of $FUNICULAR is capped at 1.000.000 tokens. There is limit of 1% per wallet. Approximately 5,8% of supply has been already burnt.
Current marketcap is hovering around 100k$ area with 201 holders.
Contract address: 0x90a1dd7f8dad69fd1000a2d185d29bfddce970f6
Community > Hype
At the time of launch there was only one Telegram group for announcements. No chat nor Twitter account. The creator of the project is anonymous.
Holders of Funicular gathered together and started to run the sites on their own. They contacted Mav from Brewlabs to interview him to obtain more details about Funicular. You can read the interview on Funicular community Twitter page.
The community seems more like a group of people that like funiculars than a dedicated crypto community. The conversation is very relaxed and everyone is friendly.
It seems like everyone is enjoying the climb of their Funicular.
Website and Socials
