Fazle Rabbi 🌊

Good Night CT ❤️ Night is purer than day it is better for thinking loving and dreaming.

Good Night CT 🤎 There is virtue in work and there is virtue in rest Use both and overlook neither.

Most people focused on the Genesis auction and left it at that. But the more interesting part is what Genesis holders actually get once the sale is over. @FungoLabs recently explained how it works: Every launchpad sale sends 4.5% to Genesis holders, including the Genesis sale itself. On top of that 20% of the platform’s other revenue goes into the same pool. This includes creation fees, bid fees, royalties, token fees, and pool fees. The rewards are split equally across all 3,232 Genesis NFTs and can be claimed in ETH, ZAMA and drop tokens. There’s also a longer-term incentive. Any project launching a token on the platform has to allocate 5% to 20% of its token supply to Genesis holders. And this isn’t limited to a single launch. It applies to future projects as well. Then comes the $FUNGO airdrop. Genesis holders are set to receive 36% of the total supply, which works out to 1,113,861 FUNGO per NFT. The snapshot happens at the TGE block, and holders get 7 days to claim. Anything left unclaimed will be burned. One more interesting detail: the revenue share allocated to the team's own NFTs will be used to buy back and burn FUNGO. So instead of those tokens simply sitting there, they contribute to reducing the circulating supply. Apparently, more than 3,000 projects have already applied to launch on the platform. Not all of them will necessarily make it, but that number gives you an idea of the interest in the infrastructure. Looking at the bigger picture, Genesis is about more than just the artwork. Holders get a share of ongoing platform revenue, allocations from future token launches and a one-time $FUNGO airdrop at TGE. That's what makes the Genesis model worth paying attention to. @FungoLabs $FUNGO

A few things have wrapped up on the @FungoLabs side so here’s a quick recap. ~The whitelist mint fee refunds have been sent out. The ETH paid during the free mint covered the on-chain cost of writing the sealed traits, along with Zama’s fees. Whatever remained was automatically refunded by the contract at 95%. No claim button, no extra steps. ~The Genesis sealed-bid auction is also entering its final hours, ending today at 15:30 UTC. Throughout the 24-hour auction, every bid remained encrypted in the browser. Nobody could see what others were bidding or how many NFTs they wanted. ~Once the auction closes, all bids will be revealed and ranked. The lowest bid that fills the final NFT sets the price for everyone who wins. Any amount paid above that price will be refunded, while bids that don't make the cut will be lost. ~The X campaign ends at the same time, so make sure any posts you want counted are submitted before 15:30 UTC. The studio will review submissions manually, and rewards will be sent directly to wallets at TGE. ~What's most interesting here is the lack of visibility during the auction. Usually, NFT sales turn into a public bidding race near the finish, with people reacting to what others are doing. That wasn't possible this time. ~It'll be interesting to see whether keeping bids private actually changes how people approach an auction. @FungoLabs $FUNGO

Publicly evident to all, yet comprehensible only to a solitary mind. That’s the essence of @FungoLabs Once minted, the vast majority of non-fungible tokens are rendered fully public, thereby exposing every inherent attribute to immediate scrutiny and analysis. Therefore, exhaustive evaluations of scarcity are rigorously computed prior to the finalization of the collection. Fungo are the 1st encrypted NFTs on Ethereum to be built using Zama’s FHE. Every Genesis NFT mint is sealed. - Artistic expression may either remain permanently sequestered or be unveiled by its custodian at a later juncture. - The core attributes—namely class, statistics, and elemental affinity—are cryptographically secured on the blockchain, rendering them irretrievable as no mechanism exists to disclose them. As a result, these particulars remain entirely imperceptible to the development team, indexers, or any other party. Ownership is public. What’s inside is not.Privacy by design. A sealed-bid auction is currently in progress. Throughout the bidding process, all proposals remain securely encrypted within the browser environment, thereby concealing both pricing and volume details until the proceedings reach their conclusion. Scheduled for closure at 15:30 UTC today, the auction will culminate in the establishment of a single, unified clearing price applicable to all successful participants, with any surplus funds subsequently refunded. In contrast, submissions tendered below this threshold will result in zero allocation.This framework is expressly designed to preclude sniping and functions independently of a public order book. Token side: 10 billion fixed supply. There are no investors involved, no presale conducted, and no taxes imposed. Of the total token supply, forty-six percent is allocated for airdrop distribution during the Token Generation Event. This portion is subdivided as follows: thirty-six percent is assigned to the 3,232 Genesis NFT holders, seven percent is designated for Zama OG members, and an additional three percent—representing 300 million tokens—is earmarked for the X campaign initiative. Any tokens that fail to be claimed within a seven-day period shall be permanently incinerated, whereas the entire liquidity provision is irrevocably locked in perpetuity. * X Campaign: Submit your 5 best Fungo posts. The studio will conduct manual reviews of submissions, with posts submitted from 14:00 UTC on November 1st onward being eligible for consideration. Rewards are distributed directly to participant wallets at the time of the token generation event (TGE).The primary criterion for evaluation is quality rather than quantity. Currently in progress, the auction is characterized by a novel conceptual framework and implemented with meticulous precision in its allocation. @FungoLabs $FUNGO

Good Morning 🌝 Happy Friday May your day be marked by moments of clarity and insight.

Good Night CT 💙 The darker the night the brighter the stars the deeper the silence the clearer the heart.

Good Night CT 💙 I’ve been looking at a lot of NFT sales lately. Most of them still work the same way everyone can see the bids in real time, people jump in at the last second, and the final price is often decided by whoever reacts fastest. @FungoLabs is doing something different on November 5. The Genesis sale uses a sealed-bid auction powered by Zama’s FHE. While bidding is open, your price and quantity stay fully encrypted. No one can see what others are bidding. On-chain you only see that a bid was placed not the amount. When the sale ends, bids are revealed and ranked. The lowest bid that fills the 2,500th NFT sets one single clearing price. Every winner pays that same price. Excess above it gets refunded. Bids below get nothing back. It removes the usual games sniping, last-minute jumps and people adjusting based on live bids. Whether it feels better in practice depends on demand, but the mechanic itself is different from almost every NFT sale I’ve seen. Curious how many people will actually bid based on value instead of trying to game the system. @FungoLabs $FUNGO

GMorning CT 😊 Most NFT collections still treat full transparency as a feature. Every trait, every rarity score, every holder’s bag is public the second the mint finishes. @FungoLabs is testing the opposite idea. The art can stay sealed until the holder decides to open it. The actual essence (class + stats + element) is encrypted with Zama’s FHE and never has a reveal function. Not the team not indexers not anyone else can see it. That changes what an NFT can be. It can now carry private information that is still usable on-chain without becoming public knowledge. Curious if this is something the market actually wants or if most people still prefer the fully public model. @FungoLabs $FUNGO

Good Night CT 🌝 There is virtue in work and there is virtue in rest. Use both and overlook neither.

Good Night Legends 🤍 The day is over but your journey isn't. Rest recharge and rise stronger tomorrow.

Good Night Family 💛 A ruffled mind makes a restless pillow.

Good Night CT 🧡 Even a grand tour, a splendid career or a lifetime of achievement can be ruined by a lack of sleep.

Good Evening Family ❤️ Every sunset brings the promise of a new dawn.

Good Morning CT 💙 Finally Sorsa Score 500+ Up

Good Night CT 🖤 You gave today your best. Now give your body the rest it earned.

Good Evening CT ❤️ @fazlerabbit has officially been recognized as a Sorsa Influencer Now. So if you get a follow from me, your Sorsa Score is about to go up.🚀