FOMO Chronicles is Your Chance to Be in a Manga!
Crypto’s Quickly Evolving Problem In DeFi
With DeFi crime hitting record highs within the first 7 months of 2021, scamming has never been more prevalent in the crypto-industry. Given the quick uprising in elaborate schemes particularly towards newcomers looking to invest in crypto, there must be systems in place to counteract the propagation of these injustices.
Education Versus Security
As we have discussed in the 1st article (see here), external features such as improving security measures only go so far. Instead, in a realm, as anonymous and open source as Blockchain, the best course of action is through informing newcomers of the schemes they will likely encounter while simultaneously introducing new quality projects. Having such information formatted as high-quality educational pieces will incentivize users to read and promote them.
That is what we at FOMO Chronicles are actively becoming; Acting as the first Manga-themed NFT educational line that creates humorously intricate characters to showcase fundamentally sound projects and, in contrast, the many types of schemes currently being undergone in the lands of cryptocurrency.
Our main protagonist “The Otaku” will be the hallmark of this educational line of NFTs; Acting as a newcomer to crypto investment, Otaku will traverse through various means of scam attempts, which will thereby outline the many ways these malicious actors will try to attack investors in the space. While we have a whole host of characters acting as fellow friends to Otaku who help him transcend these elaborate schemes and seek out quality projects, we also have characters acting as the scammers themselves.
Interoperability Means Widespread Education
We know for education to be readily accessible to the masses of crypto onboarders, we need an extensive web of interoperability and collaborations with many other platforms that would likely be situated on a newcomer’s trail, hopefully before they encounter their first scammer. In this respect, we are launching two lines of educational NFTs that will provide access to FOMO Chronicles’ lore for fellow investors, as well as for established companies within the cryptocurrency space.
Profitability Coincides With Contributions to the Learning Process
In relation to the average joe, those who hold or stake $OTAKU, our native token, will have the ability to design their own FOMO Chronicle character. Through a lottery system, this character could be hosted within the FOMO Chronicle Manga series, at which point every viewing of this personalized NFT will reward passive income to the character designer, in the form of $OTAKU. This ongoing passive income to our fellow investors who design a FOMO Chronicle character acts as one of the various ways community members can integrate themselves into the lore, and monetize their contributions to our ecosystem.
Business-Wide Partnerships Enrich the Manga Lore
In relation to established crypto-companies, every partnership created will have its own unique “Partner’s Edition” NFT minted within our network. The selling of this NFT will be equally distributed between FOMO Chronicle’s ecosystem, thereby providing stakers and holders amplified passive earnings, as well as within the partnered ecosystem themselves.
Additionally, both our partner and ourselves will use a sizable portion of the Partner’s Edition NFT to buy the opposite party’s tokens back, and from that these tokens will be automatically locked into a staking contract. Doing this will decrease the supply of tokens on both networks, which increases the scarcity of said tokens, and thereby increases the value per token of each ecosystem regardless of market conditions. Put simply, this unique deflationary method will make $OTAKU and the partner’s native token much more valuable over time and will be accelerated further by the sales and usability of the FOMO Chronicles NFT line.
Conclusion
Overall, we at FOMO Chronicles are ecstatic to be able to educate the space on fundamentally sound projects and to be on the front lines against malicious actors who seek to steal money from hardworking investors. We know that education and widespread exposure of high-quality information will provide the tools necessary to keep evil at bay, and to curate an ecosystem where all can learn how to safely traverse the outlands that is cryptocurrency. To learn more about our underlying technology, look at our litepaper on our website.
