Introduction to FarmFomo
What is Fomo? Squirrel’s latest product brings Fomo to the BinanceSmartChain. FarmFomo is a mash-up of the “no-loss lottery” concept mixed with a classic “Fomo3D” jackpot game which rewards players for buying the last key before the timer runs out, unlocking the jackpot reward!
So how does Fomo work? 🔑
The game revolves around keys and the timer, players spend keys which give them a slice of the jackpot if they’re one of the last five to spend their keys before the timer hits zero. Each key adds time to the clock, extending the round for more action! This starts at 30 mins per key spent but decreases as the round goes on. Keys are farmed in PancakeBunny’s Cake Vault, but also can be traded to allow non-farmers a chance to fight for the prize 🔥
Once the timer finally hits zero the current round will end, and the last five key spenders in the round will split the jackpot reward (a big pile of NUTS & CAKE) based on how many keys they spent.
An example: Jackpot is 1k NUTS and player 1 spent 9 keys whilst player 2 only spent 1 key, this means player 1 will receive 900 NUTS and player 2 will only receive 100 NUTS! 🌰
After the round ends any remaining keys are worthless and the next round will begin with new keys afew days later!
So how does farming work? 👨🌾
Similar to other farms on Squirrel.Finance, farmers deposit their CAKE tokens into an insured version of PancakeBunny’s Cake Vault which auto compounds for them to automatically grow their CAKE! Then the additional BUNNY token rewards are converted to CAKE and are added to round’s jackpot. Ontop of this each round has some NUTS prize added to the jackpot to seed the round and start the fomo! 💸
Players can withdraw their KEYS earnings as well as their CAKE whenever they wish (Note: PancakeBunny has a 0.5% withdrawal fee on it’s Cake Vault).
📊 FarmFomo’s BUNNY Rewards breakdown:
- 80% goes to the current round’s prize pot
- 15% goes into the Cake Vault to farm for future round’s prizes
- 5% insurance fees which goes to the Nuts Farm
We hope you will enjoy playing FarmFomo as you battle for a slice of the jackpot, whilst farming with your CAKE! 🥞 The first fomo round will begin on Saturday 22:00 UTC, if you have any questions be sure to ask in our Telegram or on Discord, see you then! ⏰