Ethereum Ponzi Gambling Game Fomo3D Sees A $3 Million Jackpot Won
Have you ever heard of Fomo3D? This popular and highly controversial gambling game based on the Ethereum platform has recently had its first jackpot winner and he was able to get $3 million USD from the win.
The objective of the game is to purchase the last key before a timer goes to zero. Users were not even sure if the timer would ever be allowed to actually go to zero, but the question has been answered as someone won the game. Since then, many players are discussing the ponzi-like game and trying to perform analysis to understand how to crack the secret to the success of the game.
While it is widely agreed that Fomo3D is an extremely dubious game from any ethical instance, as you use the greed of others to accumulate more money and try to get it all in the end, a lot of people took part in it. Maybe because of the greed.
The game has been criticized by some of the members of the crypto community but the truth is that it was a huge success. Despite that almost all the players would lose, they still spent ETH on the game trying to win. After all, as time passed, more and more people put money in the game.
To understand how huge the game actually became, you need to see the numbers. Combining greed and luck, Fomo3D was able to receive 150,000 ETH transactions in a single day in its most crowded day. The winner, which was recently chosen via a smart contract, received 10,469 ETH, about $3 million USD right now.
After The Win
The community that was built around the game is currently asking itself: how it the jackpot decided? Why has this person succeeded where others failed?
Some theories believe that no one purchased the keys after the person, so the counter was simply able to stop. However, others believe that the person who won must have managed to find a way to stop other people from purchasing the key after or that he filled all the space in the Ethereum block, which could have prevented other people from winning.
Other people are even believing that the winner used a bot to rig the game. One thing is certain: everybody is curious (and also somewhat mad).
A full post-mortem will be made some days into the future and the community will have its answer. People are already speculating whether the winner was legitimate or if it cheated. The ETH was sent 0xa169df5ed3363cfc4c92ac96c6c5f2a42fccbf85, which has been very active recently. The person invested some ETH back in Fomo3D and sent 4.236 ETH to 0x2c389a86a686ac7ee98ac2606802b5bb4a2186c1, which currently holds about $1.5 million USD in ETH.
At the moment, the second round of Fomo3D has just started and it has already surpassed $1.8 million USD, which means that the next winner might get even more money.