No one ever expected FOMO3D—an Etherium “exit scam” game built on smart contracts—to end. But when the dust settled on what FOMO3D developers called an experiment in greed, one lucky anonymous winner walked away with a pot of 10,469 ETH. Or about $2.9 million USD. No one knows who or where the winner is, but it looks like most of the funds have moved on to other smart contracts. Meanwhile, everyone else who played the game is still reeling from the shock that it actually ended. And some are already calling foul.
How Did FOMO3D’s Never-Ending Game Actually End?
So what is FOMO3D? It’s a gambling game, essentially, that plays on a familiar phenomenon in the crypto world: fear of missing out. Dubbed an “experiment in greed,” the game is a kind of Ponzi-scheme exit scam. It gives players the chance to pretend they’re in the middle of pulling off the greatest cryptocurrency exit scam ever. Developers made it out smart contracts.
Here’s how you play. There’s an ever-growing pot of Ethereum. It grows because players purchase, not tokens, but keys to an ICO fund held in a smart contract. A timer is counting down. Players buy keys, growing the pot of Ethereum and adding time to the countdown clock. When that clock hits zero, the last person who bought a key wins the pot.
In this particular game, players were able to recruit others to form teams that would get a share of the pot if one teammate held the key when time ran out. But with no limit to the number of rounds, it seemed like no one at least one key purchase would happen every time. That the timer would never run out. But it did.
And already, some are questioning whether the game ended according to the rules, or if someone else brought it to a halt. Rumors are circulating on Twitter that a crypto miner censored one of the blocks. If so, that would have stalled attempts to purchase a key, letting the timer run out and letting the censoring miner make off with the pot.
— TeamJUST (@PoWH3D) August 22, 2018
Another theory has it that a bunch of key purchases never got acknowledged. If just one of those had gone through, the game could still be running right now. There were reportedly 103 unsuccessful key bids in the block immediately after the winning bid.
Transaction History Shows Legitimate $2.9 Million Payout
However the game actually came to end, the fact remains that it did. And the $2.9 million pot is gone, siphoned off into other smart contracts. Someone won, and the transaction history verifies it: a contract “tagged Fomo3D,” making a 10,469 ETH transaction. And because the record on the Ethereum blockchain appears under “Internal Transactions,” there’s good reason to believe it originated from a smart contract. And that’s a sign that this is a legitimate payout, that someone actually drained the FOMO3D pot and walked away with funds it seemed no one would ever win. FOMO? Maybe Not.