Hello, dear friends from the community!
Since the FomoWell project was launched on SNS, we have always focused on the product itself, undisturbed by noise, and persisted in staying at the forefront of the IC chain asset issuance experience. Our goal is very clear: to create a simple, efficient and stable asset issuance system, truly lowering the threshold for on-chain creation, and enabling every user to issue and trade their own tokens on the IC.
Over the past two to three weeks, we have continuously advanced intensive development in multiple directions. At present, the first internal version of the IC asset issuance system has been developed and will be open to the community in the future to allow community members to participate in the testing.
Core achievements that have been completed
Asset Issuance System (IC)
We have constructed a simple yet powerful ic asset issuance system, featuring the following key characteristics:
- Support âzero-codeâ one-click asset creation;
- The Uniswap V2 model âk = x * yâ is adopted to automatically calculate the price;
- Introduce the âvirtual starting pointâ mechanism, allowing the trading pool to be initiated without pre-injecting real ICP.
- The response speed is significantly enhanced through the âsingle-canister designâ, with a single transaction completed within approximately 2 seconds.
- The system has the ability to automatically judge market value and transfer liquidity, avoiding manual operation.
The market capitalization trigger mechanism cooperates with external exchanges
We have designed an âautomatic listing mechanismâ triggered by market capitalization. When the market value of a certain asset in the internal market reaches $8,000, the system will automatically:
- Transfer liquidity to an external DEX;
- Deploy the corresponding token jar contract;
- Officially open the overseas trading channel.
Currently, we are preparing to cooperate with multiple trading platforms, including mainstream exchanges in the IC ecosystem such as KongSwap and ICPSwap, to ensure that usersâ assets can smoothly enter a broader market for circulation.
We believe that completing the closed loop from âasset creationâ to âtransaction implementationâ will significantly enhance the practicality and sustainability of asset issuance, and also bring FomoWellâs users a more complete asset management and trading experience.
Rune Asset system based on ckBTC
While promoting IC native assets, we have also simultaneously developed a rune asset issuance and trading system based on ckBTC.
This system relies on the native Chain Key BTC (ckBTC) launched by DFINITY, does not depend on traditional cross-chain Bridges, has low transaction fees and small latency, and is one of the best infrastructures for issuing and managing assets within the Bitcoin ecosystem.
The following key components have been completed at present:
- ckBTC hosting logic;
- Rune asset registration and association mechanism;
- A matching process that integrates the inner and outer markets;
- The delay of each transaction is controlled within the range of 2 to 3 seconds.
We expect to launch a small-scale public test within the next two to four weeks, allowing users to complete the full rune lifecycle operations within the IC: pre-casting and trading.
SNS community governance arrangements
We plan to launch canisterâs decentralized governance process after the functions tend to be stable. At that time, voting will be initiated through SNS and enter a fully managed state to ensure community co-governance, asset security and transparent rules.
The key plan for the next stage
In the coming weeks, we will focus on the following directions:
- Officially launch the IC chain asset issuance function;
- Conduct joint debugging with external DEXs and continuously optimize the asset trading path;
- Start the ckBTC rune system test process;
- Initiate cooperation and communication with the project party and provide one-stop launch support;
- Evaluate the design of the community token incentive mechanism and improve the early incentive plan;
- Plan the first batch of project incubation programs and establish a channel for initial recommendation.
FomoWell is making rapid progress. Our development pace is clear, the deployment pace is tight, and the vision is firm.
Thank you to every community member for your support and attention. We also very much welcome more cooperation intentions, pilot projects and ecological resources to participate and jointly refine the future experience of IC on-chain asset issuance.
If you have any suggestions, please feel free to contact us at any time.
The FomoWell team
April 2025
