a16z: Crypto Applications

Novel financial instruments (Fomo3D, PoolTogether) In the spirit of crypto: incentivize good behavior with the spirit of a lottery. Ⓒ2020 Andreessen Horowitz. All rights reserved worldwide. TWEET + SHARE COMMENT future tense The Cryptocurrency Game With a $9 Million Prize Is Fomo3D an incisive critique, a scam, or a little of both? By ARVIND DILAWAR Photo illustration by Slate. Photos by Thinkstock Future Tense is a partnership of Slate, New America, and Arizona State University that examines emerging technologies, public policy, and society. The very first round of Fomo3D began July 8 with no money i are two hours left on the clock. Buy-in has risen from less tha than 34 million buy-ins, the pot is worth almost $9 million. Ho AUG 06, 2018 2:41 PM On its face, Fomo3D is a straightforward game of chance: Players have 24 hours to buy in to a pot, the lion's share of which goes to the last buyer to get in under the buzzer. Every time a player buys in, 30 seconds is added to the clock, which caps a becomes more expensive. Players can buy in as many times a bump up the clock or at the last possible moment, thus winni ADVERTISEMENT 165 Reveal the whole picture future tense (p You could win $1,644 every week just by saving your money 1. Join the Pool Deposit Dai into the pool to get tickets. Each ticket is a chance to win weekly prizes! For every 1 Dai you deposit you get 1 ticket. Read this to learn more about Dai 2. Interest builds All the Dai in the pool earns interest. The prizes are funded solely by the interest earned. together 3. Prizes awarded At the end of the week one lucky person wins all of the interest that accrues! 4. Never lose! Whether you win or not you get all of your money back! You can withdraw your savings and winnings at any time. JOIN THE POOL Ready to give it a shot? JOIN THE POOL Need more info? READ THE FAQ DROP US A LINE a16z

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