FomoWell SNS Sale Investigation: ICPEx, Yuku AI Ties, Linked Wallets, Temporal Clusters

General
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@4eku, we want to clarify the relationship between Gold DAO and Yuku to avoid any confusion. Here’s a brief history, as not everyone knows the stages a complex project like Gold DAO goes through to mature and succeed. Gold DAO partnered with Yumi to launch GLD NFTs in April 2023, even before the Gold SNS was officially launched (see the introduction of Gold DAO SNS here). The Gold project has two main phases :

  1. GLD NFTs, which require KYC/AML.
  2. GLDT, minted when a Gold NFT is locked into a smart contract at a ratio of 1 gram (Gold NFT) = 100 GLDT.

GLD NFTs need an NFT marketplace for trading. At the time, Yumi was one of the few NFT marketplaces on ICP. Yumi was a BVI company, not an SNS. When new NFT and marketplace regulations hit the BVI, it became too costly to operate. The tech team behind Yumi, led by Tiger (also behind the Shiku metaverse), decided to merge Yumi with Shiku, creating Yuku (a blend of Yumi and Shiku). Yuku later launched its SNS (see Tiger’s post).

Around this time, the Gold DAO team asked if they could keep the Yumi name and the code for real-world assets (RWA) only. In exchange, plus some help, Tiger received 2.5 million Gold DAO tokens and some OGY. At the end this idea didn’t work out due to regulatory challenges and was quickly dropped. We then decided to handle everything in Switzerland. In early 2024, GLD NFT trading moved to Bity for regulatory reasons.

Tiger and the Chinese tech team continued their vision of building a metaverse and running an AI-powered NFT marketplace. We maintained a friendly relationship with them, but Gold DAO has no operational ties to Yuku.

We hope this clears up the connection between Gold DAO and Yuku. Keep up the great work spotting abusive behavior in the ecosystem, and feel free to ask us any questions about Gold DAO.

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FomoWell Team Statement and Progress Update

Statement on Recent Events

First of all, we acknowledge that in the early stages of the project, due to the lack of stable funding sources, we accepted financial support from Tiger to facilitate the launch of the SNS project. Due to our inexperience at the time, we failed to conduct thorough due diligence on the funding source. This was a serious oversight on our part, and we deeply regret it.

To address the issue, we have fully communicated with Tiger and reached the following unanimous resolutions to uphold the decentralization principle and governance fairness of FomoWell :

  1. All $WELL tokens held by Tiger will be reclaimed and burned by the team to ensure fair distribution and purity of the decentralized SNS governance;
  2. All funds advanced by Tiger will be refunded by the team, eliminating any financial association with the project;
  3. Tiger will no longer hold any position in the FomoWell team.

The FomoWell team has always adhered to an independent development and governance approach, and will continue to operate under stricter standards and transparent mechanisms, ensuring healthy and steady project development.

We want to emphasize:

  • The FomoWell team has consistently advanced development without pause.
  • The project has only been online for two months, during which time the Chinese Spring Festival occurred, yet we still delivered several key modules.
  • All code development, product construction, and cross-chain deployment work are ongoing and open to community supervision.

Current Development Progress

1. AI Agent Launched

FomoWell has launched its first AI Agent – a raccoon character built entirely on the IC-based Anda framework.
It is deployed on Twitter: https://x.com/Forio_gg
The Agent focuses on answering and analyzing questions about the IC ecosystem. It features auto-following, comment replying, and data analysis capabilities, serving as the core entry point for FomoWell’s intelligent interaction system.

2. Base Chain Deployment Completed

FomoWell has completed deployment on the Base mainnet.
The $WELL token is now live: https://fomowell.com/board/base
We are also actively developing cross-chain asset issuance to enable circulation between IC and other chains.

3. UI Redesign partially Completed

The platform UI has been redesigned, refreshing the overall layout and visual style, and preparing for functions like asset issuance and multi-chain integration.

On Community Trust

We understand that recent events may have affected user trust. We sincerely regret this and are willing to face the issues directly.

We hope the community will continue to give us time and trust so we can prove ourselves with results.
If you choose to support us, we will not let you down; if trust can no longer be restored, we respect every user’s decision.

If you wish to exit, please contact us by email for refund processing:
:e_mail: fomowellcom@proton.me

Refund process has started. Refund addresses can be viewed here:
:link: https://dashboard.internetcomputer.org/account/81a4ef1d7f97b057afec5b7d4b8e44762299d478e6e4237db69c8f6ff09d1ecf

Upcoming Development Plan

FomoWell will continue to enhance product capabilities in the following directions:

1. Native Asset Integration and Issuance: Integrating ckBTC

We will prioritize integrating ckBTC as a native IC asset to explore issuance mechanisms.
The platform will support pricing and collateral issuance based on ckBTC.

2. Multi-Chain Expansion: Integrating BSC and other major chains

Development is underway for an EVM-compatible cross-chain bridge, starting with BSC to enable bi-directional asset flow and expand asset coverage.

3. AI Agent Deep Integration

Developing a lightweight Telegram AI Agent for enhanced asset interaction and on-chain data query functionalities.

4. Platform Performance and UX Optimization

We are improving frontend experience, response interaction, and system performance to offer a stable and efficient multi-chain Web3 application experience.

Community Supervision and Rebuilding Trust

Before regaining full community trust, we solemnly promise: No new SNS Treasury proposals will be launched.

We will open-source our GitHub repository next week for real-time community supervision of our development.
A product innovation group will be formed to continuously iterate and optimize the product.

We welcome community feedback and will open a dedicated forum thread for development progress updates, ensuring that every milestone is public, traceable, and accountable.

Conclusion

The current crypto market downturn is a tough challenge for all developers and community users.
Nevertheless, we believe that with the right direction and continuous effort, trust is still deserved.

FomoWell will continue to contribute valuable products and achievements to the IC ecosystem with openness, transparency, and pragmatism.

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Cite the warning. Hope these teams make better products.

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It is regrettable to see such news. I am Witter—the developer of the DFT standard and one of the ICP ambassadors. DelandLabs, based on ChainKey technology, has built a unique hybrid consensus chain and, leveraging this innovation, created a high-performance DEX capable of connecting all chains (https://hibit.app). @Tiger is one of the key investment promoters for DelandLabs; his passion for ICP has inspired and mobilized a large number of developers, diverse teams, and investment institutions to engage in the ICP ecosystem. Tiger truly serves as a flag for ICP. I hope that this matter can come to a satisfactory conclusion.

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I once met with the FomoWELL team in Chengdu and discussed the development of ICP with them.
They are experienced developers in the Internet Computer, and I look forward to seeing their future contributions.
@fomowell

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Great to see you developing AI Agents with the Anda framework. We’re currently optimizing some underlying designs, which may involve type definition changes. Feel free to reach out if you have any questions.

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Not sure if I met Tiger or not? Honestly he may be a great guy and Dev, but keeping the ecosystem clean and relationships transparent must be a fundamental aspect of all projects that receive public funding.
Remember that ICP spent on many of the failed SNS launches could have been spent elsewhere and achieved greater results. We just won’t know now if that was the case or not.

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ICPEX Team Statement

Hello everyone, this is the ICPEX team statement:

In response to the recent community inquiries and concerns regarding the ICPEX SNS launch and the future development of the ICPEX team, we would like to provide a comprehensive explanation and public statement.

Explanation Regarding the ICPEX SNS Execution Issues

ICPEX has completed an internal review of its SNS launch process. The core issues are as follows:

  1. Our team had issues in the SNS launch process, including permission violations, unclear funding structure, and a lack of a complete review mechanism during the SNS launch phase.
  2. These issues are directly related to the unauthorized actions of Tiger, who intervened as a financing advisor and exceeded his authorized scope during project assistance.
  3. The team failed to clearly define collaboration permissions, resulting in significant management oversights.

To thoroughly address the governance, funding structure, and management mechanism issues, the ICPEX team has initiated the following processes:

  • Tiger initially participated in the ICPEX project through direct investment. After friendly negotiation, all cooperation with Tiger has been terminated.
  • After negotiation with Tiger, all ICX tokens held by him will be locked for 2 years, with a commitment not to dissolve or participate in SNS voting.
  • ICPEX commits not to initiate any SNS Treasury fund withdrawal proposals until the new version of the product is officially launched and receives community recognition.

Team Adjustments and System Restructuring Direction

To ensure project governance and execution efficiency, ICPEX has completed the following team structure adjustments:

  • New partners have joined the ICPEX team, enabling more efficient execution in terms of product direction and market rhythm.
  • The development and deployment of the new version of ICPEX have been fully launched, and the phased achievements and roadmap are being synchronized.

The system restructuring work began more than a month ago, and the core architecture and delivery timeline are clearly controllable. The related documents were attached in the download link below.

Restructuring Standards and Delivery Goals

The new version of ICPEX will be delivered around the following four core indicators:

  • Speed: Target transaction response time controlled within 2 seconds.
  • Liquidity: Aggregate major DEXs across the network (such as ICPSwap, KongSwap, Sonic) to achieve optimized liquidity depth.
  • User Experience: UI/UX will be completely redesigned, and the interaction process and user experience will be comprehensively upgraded.
  • AI: Deeply integrate AI capabilities to promote the standardized implementation of the MCP (Model Context Protocol) on IC.

We pay special attention to system bottlenecks in the IC chain architecture, including:

  • Cross-subnet communication latency.
  • Lack of atomic transactions, difficulty in trading rollback.
  • Transaction interruption and potential MEV risks caused by multi-canister calls.

ICPEX deeply understands these pain points and difficulties, and has developed a detailed transaction optimization plan on this basis, as detailed in: 《ICPEx Trading Experience Speed Upgrade Plan Report.pdf》

Aggregated Liquidity Standard

ICPEX will build a unified liquidity aggregation standard to achieve single-entry cross-platform asset exchange capabilities. We will open source all related aggregation routing code and publish it in the form of an NPM package for other developers in the ecosystem to integrate and call. ICPEX will also integrate this standard, thereby strengthening liquidity aggregation on IC. See the detailed plan: 《ICPEx Routing Aggregation Solution Report.pdf》

UI/UX Comprehensive Upgrade

A month ago, we assembled a professional UI/UX team to complete the new version of ICPEX covering dark and light modes. This is a high-standard UI/UX design that can be publicly verified, and any developer can refer to its depth and difficulty of work. Design drafts are detailed in:

  • 《icpex_light.pdf》
  • 《icpex_dark.pdf》

AI Capability Building and MCP(Model Context Protocol) Implementation

The prototype site has been launched: https://ai.icpex.org/

The system integrates real-time on-chain data and social sentiment, and supports:

  • Multi-exchange market analysis (depth, K-line, capital flow)
  • OpenAI / DeepSeek model trend identification
  • Path simulation and strategy recommendations under multiple conditions

In the Coze module alone, more than a dozen workflows have been built, and screenshot records are detailed in the ai_flow/ directory in the attachment.

In the next stage, we will focus on promoting the implementation of the MCP (Model Context Protocol) on IC, providing standard transaction interfaces for AI Agents, and promoting automated operations to become a reality. Once completed, the relevant standards will be open for the entire ecosystem to refer to. See: 《Implementing the MCP Protocol.pdf》

Timeline and Delivery Management

We have set a detailed schedule for the reconstruction progress of each module, and all development nodes have been scheduled. The complete roadmap is available in:

  • 《ICPEx Project Development Timeline (April 1 - June 1, 2025).pdf》

This update comprehensively covers governance handling, product structure, technical path, AI integration, and delivery plan. We will continue to execute each stage of the task with higher standards.

Our team accepts community supervision and ensures that the delivery will be completed within the next two months.

All materials, design drafts, and technical documents mentioned in the text have been packaged and uploaded. Welcome to download and review:
ICPEX Attachment Download

ICPEX Team

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I’m Jay, the former marketing partner of Bitomni.

Yes, I just registered on the forum, so it might raise some suspicion among people. But I believe some in the ICP community still know me. I’ve chatted with a few community members before, and most people who followed Bitomni back then probably recognize me.

Honestly, I don’t know much about this current matter, but I’ll be very candid and share some things you might not be aware of.

Back in 2023, when Bitomni was still called CBIndex, we didn’t know much about ICP at all. It was Tiger and Herbert who provided us with a lot of help. They enthusiastically introduced us to ICP and even organized multiple offline events to help promote and publicize CBIndex.

Then, in 2024, it was again Tiger who kept assisting me in integrating into the ICP community. He used the Yuku community to promote Bitomni and continuously introduced us to other friends within the ICP ecosystem for support. Even the collaboration between Bitomni and Gate Wallet was made possible with his help.

And through all of this, he never asked for anything in return. He simply told me that he’d been part of the ICP ecosystem for a long time and hoped it would thrive. That’s why he was willing to help ecosystem projects for free.

You should know one thing: doing a crypto project in China is actually very tough. If someone still doesn’t realize that, they should look into the story of Multichain.

Tiger once took personal risks to organize numerous ICP events, promoting ICP and its ecosystem projects to the broader industry.

I can’t comment on the current situation, but I’m speaking out as someone who once received his help. I just want to share some facts and remind everyone that the contributions he made to the ICP ecosystem shouldn’t be forgotten.

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Now you’ve piqued my interest. The real question is: will the community even want this kind of scrutiny?

After 4 years in the IC space, I’ve almost completely lost trust in non-technical users with the DFINITY badge, various ICP HUBs, and projects tied to the SNS. No offense - just being honest.

As for all these tributes and moments of silence in honor of the anonymous founder of Yuku and leader of the Yuku tech team from a country where crypto is banned—I have only one thing to say…

The truth is:

Spoiler

I am Tiger.

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Hi @4eku, I agree with what you do. I have never intended to challenge you. I am sorry if some of my words offended you. No doubt, what you did is very helpful to the ICP ecosystem and community.

I hope ICP ecosystem will become better and better.

As I said above, I did something wrong, which brought harm to the ICP ecosystem. and I took responsibility for that. These things that I have done have resulted in some financial loss and my reputation damage. I regret it, but I do not complain, because these are what I deserve.

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Hello everyone, I am Anna. John and I are taking over Yuku. Over the next three months, we two will play the role of interim Co-CEOs. We will collect all the codes, social media and documents related to Yuku AI, audit them and make the transition smooth. Meanwhile, we welcome everyone from the Yuku community to join us to rebuild Yuku, to discuss the new vision and strategy of Yuku, and to make Yuku great again. Here is the TG group Telegram: Join Group Chat. Going forward, we will also host more AMAs to interact with the community.
Thank you for your support. Feel free to join our official TG group Telegram: View @yukuchats

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Hey @4eku , just wanted to clarify something as I think there is a misunderstanding here.

@Tiger is NOT an anonymous founder of Yuku DAO. Tiger is widely known in the Asia ICP community. He goes by the name of “Tiger” simply because that’s how he rolls. It’s pretty common for any Chinese who spends some time studying and living outside of China.

I go by the name “Herbert” because that’s how I’ve been known professionally in the last 20+ years. My passport name is not Herbert, but that doesn’t mean I’m an anonymous employee of the DFINITY Foundation.

Tiger didn’t want to give you his real name because there is no need to. I don’t recall you disclosed your real name on this forum either. You go by 4eku and we respect what you’re doing for ICP as 4eku. That’s all there is to it.

Tiger made some mistakes and is paying for them, alright? At least he owns up his own doing, like a man.

There is no need to mock him. Thank you.

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@zire

Herbert,

I think you misunderstood @4eku ‘s post. He was not mocking Tiger.

He was mocking the legion of associates coming forward in support who can conveniently place all the blame on an anonymous (to the rest of us) entity and go on about their business.

You may also disagree with this but thats the way i read it.

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For the record, I disagree with you.

But there is no need to drag on. Let’s leave it at that.

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Oh, I thought he was anonymous because crypto is illegal in his country.

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I have studied all the relevant content extremely carefully. At present, the causes and consequences of this incident are already crystal clear. Now is the time to properly put an end to this matter and then fully initiate a brand - new discussion. Of course, the important prerequisite for this action is that we sincerely hope in our hearts that the ICP ecosystem can move towards a more excellent development path and obtain more valuable opportunities in this promising ICP field.

Tiger, as the founder of YUKU and also playing a key role as the operator in the SNS issuance of FomoWell and ICPEx, undoubtedly bears an unshirkable major responsibility for this related incident. It is worth noting that he has taken the initiative to resign to take the blame and has actually borne the corresponding consequences for his improper behavior. However, when looking at this incident, we still need to maintain an objective and rational attitude. Let’s boldly imagine that when you accidentally discover the loopholes in SNS during your work, and at this time you happen to have enough funds at hand to take advantage of these loopholes to seek huge benefits for yourself, in such a highly tempting situation, do you really have full confidence that you can firmly resist the temptation and not put those illegal ideas into actual actions?

At the same time, we must not ignore a serious reality. In the ICP ecosystem, there are many projects that have fallen into extremely difficult development situations because they have not been able to successfully obtain investment, have not applied for grants, and have not been successfully issued on SNS. Some projects have even been forced to withdraw from the market helplessly. Compared with projects like YUKU, FomoWell, and ICPEx, their situations are worlds apart and seem particularly embarrassing. Thinking from another perspective, in terms of their contributions to the ICP ecosystem, they may indeed be difficult to match these three projects at this stage - after all, these three projects have at least enriched the diversity of the ICP ecosystem in their own unique ways to a certain extent. Although this phenomenon makes people feel a bit awkward, it is undeniable that the fact may be just like this.

Therefore, it is really time for us to resolutely put an end to this long - lasting debate. Immediately afterwards, we should focus all our energy on thinking more deeply about how to comprehensively optimize SNS to ensure that more truly excellent teams and projects can successfully obtain funding. The starting point and basic operation mechanism of SNS are highly commendable and worthy of recognition. Personally, I have an extremely strong expectation and sincerely hope that SNS can continue to operate smoothly. During this process, the official side can focus on strengthening the review of teams and projects. Through a rigorous review process, truly high - quality participants can be screened out, but under no circumstances should this important mechanism be easily stopped. Otherwise, once it is stopped, it will cause an extremely serious blow to a large number of startup projects that are full of hope to seek development in the ICP ecosystem, which will undoubtedly bring immeasurable negative impacts on the future development of the ICP ecosystem. As a new and highly competitive public chain in the industry, especially with its unique development model, ICP stands out among numerous public chains. Therefore, it is urgent for the official side to actively formulate and implement a series of effective policy measures to attract more high - quality entrepreneurs to participate in the construction of the ICP ecosystem, injecting continuous vitality and innovation impetus into the ICP ecosystem.

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So many testimonials… It truly is amazing how many people will support fraud & value extraction when given the opportunity.

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In other news…

https://launch.bob.fun/ was built and donated to the degens with zero funding.

What did fomowell need all these funds for when we already have a free shitcoin launcher already :thinking:

How many shitcoin launchpads do we need?

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Hi Anna, thanks for the update and for all the work you’re putting into relaunching Yuku. We’d love to connect with you directly to chat a bit more. Could you let us know the best way to reach you? Thanks in advance!