Upcoming FomoWell DAO SNS Decentralization Sale

Governance SNS Project Governance
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Meme the Future

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Hey Everyone!

A few months ago, we launched FomoWell in the IC ecosystem.

After careful preparation and hard work over the past months, we’re excited to share that FomoWell is ready to take the next step for decentralized DAO governance and fundraising.

This is an announcement from the FomoWell team about the upcoming SNS DAO, which will launch a native token called $WELL. Thank you so much for the great support from IC. This is an important stage in our journey that will inspire us to move forward to the next big milestone.

What is FomoWell?

FomoWell is a decentralized meme launchpad designed to empower creators and communities within the meme ecosystem. By leveraging the power of the Internet Computer Protocol (ICP), FomoWell enables low-cost, high-performance meme coin issuance, AI integration, and on-chain content management. With seamless scalability, IC supports meme coin and AI-driven applications, ensuring efficient data processing and governance. FomoWell facilitates a fair and transparent ecosystem, allowing creators to launch, manage, and expand meme projects while minimizing operational barriers, unlocking new possibilities for the future of blockchain-based meme culture.

Key Features of FomoWell

FomoWell leverages the powerful capabilities of the Internet Computer Protocol (ICP) to offer a range of practical features for communities and creators:

  • Fully Built on IC Architecture
    The entire system is built on IC, utilizing the high-performance computing and storage capabilities of IC canisters. This enhances data processing efficiency and ensures high stability and smooth interaction between the front-end and back-end.

  • Dynamic Scalability
    Using an automated canister expansion model, FomoWell achieves efficient horizontal scaling, enabling the system to rapidly increase throughput as user growth and transaction volume rise, ensuring stable performance.

  • Enhanced Security
    Through comprehensive security testing and a decentralized architecture based on IC, the platform eliminates the risk of single points of failure and ensures the high security of user assets.

  • Cross-Chain Compatibility
    FomoWell is working on integrating eligible tokens with external liquidity pools, aiming to enable cross-chain token trading and liquidity expansion, providing users with broader trading and application scenarios.

  • AI Agent Integration
    FomoWell has assembled a specialized AI Agent team, leveraging IC’s robust infrastructure to build AI-driven memes and smart agent systems. AI Agents will be involved in key platform functions, including token management, token issuance, and investment strategy optimization, making FomoWell a highly automated and intelligent ecosystem.

  • Community Customization and DAO Support
    The platform offers front-end customization for communities, supporting various branding and ecosystem needs. Additionally, 50% of liquidity is locked in community DAO, ensuring fair distribution through decentralized governance and enhancing community engagement and activity.

FomoWell Technical Architecture

FomoWell Technical Architecture
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Business Partnerships

FomoWell has established deep partnerships with several outstanding projects within the IC ecosystem. Key partners include:

In the meantime, we are in the talks with more partners to bring more amazing products. These collaborations position FomoWell as an integral part of the IC ecosystem, driving the growth of meme culture together.

Tokenomics Overview

Brief of FomoWell tokenomics

FomoWell Tokenomics
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At FomoWell, we are committed to creating a decentralized platform that empowers creators and communities within the meme ecosystem. By harnessing the power of the IC, we will build a transparent, scalable, and community-driven ecosystem that fosters creativity and innovation. We welcome your feedback and support as we embark on this journey.

Links and Resources:

Learn more

Website
Whitepaper
Source Code
sns_init.yaml

Join us at:

Follow @fomowellcomdot for updates
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Hello, team.
I have some questions about this project:
Do you have a road map, please?
Can you explain the technical architecture of the product? I think this is related to your roadmap.

Good luck

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Hi Yuri,

Thank you for your interest in our project!

Regarding the Roadmap:
Our current focus is on automatically migrating liquidity to mainstream decentralized exchanges in the ICP ecosystem, such as ICPSwap, ICPEX, and Sonic, once liquidity conditions are met. This will enhance market liquidity and depth. Additionally, we are actively testing the AI Agent framework from ai16z, exploring its integration into the FomoWell ecosystem. The initial integration phase is now underway.

For more detailed future plans, please refer to our whitepaper: FomoWell Whitepaper

Regarding the Technical Architecture:
The technical architecture of FomoWell is based on a modular design and efficient management, creating a decentralized meme launch platform adapted to the ICP ecosystem. The architecture consists of three core components:

  1. Base Canister Modules:
  • Web Asset Canister: Provides the core user interface for operations.
  • User Canister: Stores user behavioral data and asset details.
  • Community Front-End Canister: Supports customizable community front-end interfaces.
  • Project Canister: Manages token management, liquidity pool creation, and project deployment, ensuring smooth project operation.
  1. Extension Modules:
    Supports cross-chain interactions, community DAOs, and AI Agent functionalities to meet complex scenarios and provide interfaces for future innovation.
  2. Internal Market:
    Adheres to the “one token, one Canister” principle, independently managing the lifecycle, liquidity, and transactions of tokens. When the liquidity pool of a token exceeds $5,000, assets are automatically migrated to external markets such as ICPSwap, ICPEX, Sonic, or cross-chain markets like Raydium, achieving efficient liquidity aggregation and cross-chain interoperability. Additionally, community DAOs can lock liquidity to ensure transparent governance and support community co-construction.

Thank you for your inquiry, and I hope this response helps! Please feel free to reach out if you have any further questions.

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HI! Team，
I have a question that I hope to get answered. How do you think the integration of AI Agents and cross-chain compatibility in FomoWell will impact the growth and sustainability of the meme coin ecosystem? Are there any specific features you’re excited about or would like to see in future updates?

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“Hello, FomoWell team. I am very interested in FomoWell’s DAO governance model and community participation mechanism. How do you ensure that community members can play an active role in DAO governance? In addition, how can community members participate in the decision-making process?

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Hi, CodeHackerX, thank you for your interest in our team! Let me address your question.

  1. The Impact of AI Agents on Ecosystem Growth:

AI agents provide intelligent decision-making assistance, automated trading, and real-time data analysis, offering users an efficient and convenient experience. For example, users can leverage AI agents to quickly manage tokens, optimize liquidity strategies, and even participate in community governance. This significantly lowers the participation barrier, attracting more non-professional users into the ecosystem and driving rapid growth in the user base and engagement. Additionally, AI can identify market trends, promote the discovery and spread of meme ecosystem hotspots, and enhance the ecosystem’s vibrancy and influence.

  1. The Impact of Cross-Chain Compatibility on Ecosystem Sustainability:

Cross-chain technology eliminates liquidity constraints within a single chain, enabling FomoWell to interoperate with mainstream blockchain ecosystems such as Ethereum and Solana. Through this mechanism, the meme ecosystem can attract a broader pool of capital and users, ensuring ample cross-chain liquidity support. Furthermore, cross-chain compatibility reduces operational costs for users interacting across multiple chains, continuously bringing external value into the ecosystem. Additionally, cross-chain integration helps mitigate risks associated with a single chain, enhancing the meme ecosystem’s resilience and ensuring long-term sustainable development.

If you have any further questions, feel free to ask. We’re always here to help!

1 Like
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Hello, thank you for your interest in FomoWell’s DAO governance model and community participation mechanisms! Let me explain in detail.

In FomoWell, users can choose between two liquidity handling options when issuing meme tokens:

  1. Full Lock to the Black Hole: Liquidity is permanently locked and cannot be further controlled.
  2. Partial Control via Community DAO: A portion of the liquidity control is handed over to a partnering community DAO (such as Sneed DAO), where the community, through proposals and voting, decides on the allocation and distribution of the liquidity.
    Specific Benefits:

Activating Community Governance:

  • By delegating part of the liquidity to community DAOs, community members are empowered to participate in decision-making, fostering engagement and collaborative project management.
  • Promoting Ecosystem Co-Building: Collaborative liquidity management encourages positive interaction between the community and the project, driving sustainable ecosystem development.
  • Flexible Governance Options: This mechanism offers greater flexibility for issuers, allowing them to select the most appropriate liquidity management strategy based on the unique needs of their projects.

By granting the community greater involvement and governance rights, FomoWell decentralizes liquidity and governance, further promoting community-driven development and the long-term success of the project. If you have any further questions, feel free to ask!

2 Likes
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Hey, Blockchain Pill here :wave:

This is the first “pump.fun” project on ICP, as far as I remember

I’ve spoken to the team previously and I’m going to have them on an X space next week to introduce them to the wider ICP community

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Love to so you guys growing. It will be fun if you have an sns then our cansiters can interact with one another! Lfg!

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Thank you for the support!
Meme the ICP!

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Very much looking forward to it!

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The ICP ecosystem really needs good token launching platforms, with that said, FomoWell has a great chance to help fill that gap.
This is an opportunity to drive more Degen activity which attracts more users and builds new community sectors within ICP (something we desperately need).

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Hello, the app repository has only 1 commit, from several weeks ago. Is this everything? Can you explain the reason for the lack of history?

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In addition to my question above, I have a few others if that’s okay.

Thanks for the technical architecture diagram. It lists out 4 dapp canisters.

  1. Web Assets Canister
  2. User Canister
  3. Community Frontend Canister
  4. Project Canister

Unless I’ve misunderstood, according to the init.yaml file only 2 canisters are being decentralised under the SNS. Is that correct? Could you identify which ones and why the others are not going to be decentralised?

The 2 canisters being decentralised each have numerous controllers, including other canisters. Could you list out the IDs for the full set of canisters involved in this project, along with a brief description and a link to the relevant repo? This will help with understanding the decentralisation scheme, and how things slot together.

Thanks.

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It seemed to me that the:

Frontend and Web Assets were being deployed in the same canister. 4xi2o-hiaaa-aaaam-acs6q-cai

The User and Project functionality and overall backend logic were deployed in one canister. 52g6a-iaaaa-aaaam-acsza-cai

Can you @fomowell confirm that this is the case? Do you need to open-source any other canisters?

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What about these 3 canisters? They’re all controllers of the 52g6a-iaaaa-aaaam-acsza-cai canister that’s listed for decentralisation. But these canisters themselves are not being decentralised? Are they still intended to be controllers of 52g6a once under the SNS?

The first two are also controllers of the the other canister intended to become decentralised.

Then there’s also z7voi-tiaaa-aaaai-qa5da-cai which is also not being decentralised, and which controls the first canister listed above.

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This 1 commit is our open source branch, not the development branch.

In order to open-source our code, we organize and beautify them several weeks ago.

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Hi Lorimer, Happy New Year. And thanks a lot for your question.

  1. User Canister is the Fomowell-launcher section, which was mentioned in the open source code. Permissions have been handed over to SNS.

  2. Project Canister and Web Assets Canister are generated by User Canister, and the permissions are hosted in User Canister, together with the permissions of User Canister were handed over to SNS.

  3. Community Frontend Canister are released by the community partners themselves, and the community would customize and publish them. Ownership belongs to the community partners, such as DogmiWell (DogmiWell) and SneedWell (SneedWell).

However, community Frontend Canister should call the fomowell-launcher canister for trading, which would be controlled by SNS.

Thanks a lot again.

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Hi Jennifer, Happy New Year.

Yes, your understanding is completely correct.

In addition, currently there is no additional canister in this project.

Thanks a lot for your help and explanation.

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Hi Lorimer, thanks a lot for your question.
There are some canisters under the control of the canister 52g6a-iaaaa-aaaam-acsza-cai, such as
“gjnxz-siaaa-aaaai-qpebq-cai",
“3dod7-xaaaa-aaaam-ab5ca-cai",
“5vdms-kaaaa-aaaap-aa3uq-cai”.
These canisters were used for cycles monitoring and permission test, which would be removed in the future with the permission of SNS DAO.

thanks a lot again.

1 Like