Hold a Web3 music festival with thousands of participants, FO-X launches offline payment
The music festival is a traffic engine, and the redemption scene is a landing anchor.On April 19, the Web3 music festival "Walk with FO" hosted by the Web3 ecosystem FO-X will be held at Bamboo Park in the West Kowloon Cultural District, Hong Kong.
The exciting performances by star artists will blend with the on-site $FO payment scenarios, bringing the audience a feast of audiovisual and technological convergence, experiencing future payments.
Hosting the Web3 Music Festival, FO-X Launches Offline Payments
This music festival boasts a luxurious lineup: Kelly Chen, Huang Guanzhong, MC Jin, SNH48, Wings of Artemis… covering everything from nostalgic hits to youthful dance, along with an explosive DJ party that will keep the atmosphere alive.
What truly makes this celebration special is that $FO is officially used as a payment token offline.
Coffee, desserts, fast food, etc. ------ Holders of $FO can directly exchange goods at merchants like Starbucks and Maxim's Group. It is no longer just cold digital assets on the chain, but coffee you can drink and snacks you can eat, providing a tangible life experience.
According to official news, to celebrate the official launch of the FO ecosystem exchange system, all users who sign up to participate in the "Walk with FO" concert will receive a free Starbucks exchange voucher! The redemption process is super simple, directly redeemable on the official website, supporting use in Hong Kong and Macau, with a validity period of up to one year. At the same time, Maxim's vouchers are also open for redemption, covering several well-known brands under its umbrella, including: Maxim's Cakes, MX Fast Food, Donghaitang, Ippudo, Tsui Wah, and Beijing Lou, offering real discounts and strong usability.
The music festival is a traffic engine, and the exchange scenarios are the landing anchors. This is a key step for FO-X in building the vision of a "Web3 Super Application Platform."
FDV Breaks $1 Billion, Ranking Second in Solana's Market Cap Meme
In addition to offline events, FO-X also has a good performance on-chain:
On April 16, the first day of launch, the $FO FDV broke $1 billion in market cap, becoming the second meme on the Solana chain, second only to the $1.5 billion "President Meme Coin" Trump.
24-hour trading volume reached $100 million, surpassing $TRUMP.
Bilateral liquidity pools reached $100 million.
On-chain active wallet addresses exceeded 57,000.
Currently, the price of $FO is stable around $1, with a steady trend. This is also attributed to the fact that before the launch, FO-X completed a cold start through an airdrop:
During the airdrop period (March 31 - April 9), it attracted over 230,000 users to participate.
More than 150,000 people completed wallet connections.
The official website received over 1.1 million visits.
The seed user group laid a certain foundation for trading after the launch.
$10 Million Prize Pool to Incentivize Users
At the same time as the launch of $FO, FO-X also launched a trading competition with a total prize pool reaching $10 million:
In the first 48 hours after launch, it attracted over 46,000 users to participate.
In the first 48 hours, the single-sided liquidity of FO reached $31.41 million.
The current prize pool has accumulated $2 million.
The prize pool will increase with the increase in liquidity, incrementing from $1 million to $5 million. If LP exceeds $100 million, the reward will be directly increased to $10 million.
FO-X's Ambition: To Build a WeChat + Alipay for the Web3 Era
The Web3 music festival "Walk with FO" highlights FO-X's ambition ------ it aims to create not just a lively music festival scene and a cool payment experience, but a truly integrated "Web3 Super Application Platform" that combines entertainment, payments, and social interaction. The $FO offline payment experience at the music festival is just the beginning of the $FO ecosystem's blueprint, with specific applications of FO covering the following aspects:
Payments: Use $FO to buy things, take taxis, book hotels, as convenient as WeChat Pay.
Finance: Participate in lending, staking, LP, and easily earn returns.
Content: Creators produce videos or live streams, and viewers tip with $FO to form a content economy.
Social: Chat, transfer, video calls, all completed on-chain.
Extremely low technical threshold, no gas fees, no slippage, truly achieving "Web2 users can also navigate Web3."
It is reported that Hengfeng International, behind FO-X, has its chairman Qian Fenglei, a well-known philanthropist and close friend of Jack Ma, leading FO-X, which has received $100 million in financing support. FO-X is committed to building a super platform at the level of "Alipay + WeChat" in the Web3 world.
