FOMOWallet - Bet on the Future of CryptoCurrency
Where FOMO Meets Fortune!!
Created on 7th December 2024
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FOMOWallet - Bet on the Future of CryptoCurrency
Where FOMO Meets Fortune!!
The problem FOMOWallet - Bet on the Future of CryptoCurrency solves
The Problem It Solves
In the volatile world of cryptocurrency, traders and enthusiasts face several critical challenges:
1. Missed Opportunities
- Fear of Missing Out (FOMO) often leads to rushed, emotional decisions in crypto trading.
- Traditional platforms don't provide structured ways to act on market predictions or capitalize on future movements.
2. High Entry Barriers
- Many crypto prediction markets require large capital investments or complex trading knowledge, limiting accessibility for average users interested in participating in market movements.
3. Limited Social Validation
- Traders often lack reliable ways to validate their market predictions or get community feedback before making investment decisions.
How FOMOWallet Solves These Issues
For Traders & Enthusiasts
- Make calculated bets on future crypto prices using AI-assisted insights.
- Start with small amounts to test predictions without risking large capital.
- Get real-time feedback on prediction accuracy from AI agents.
- Learn from community predictions and market trends.
- Earn rewards for accurate market predictions.
For Community Members
- Track successful predictors and their strategies.
- Participate in prediction markets without deep technical knowledge.
- Receive automated alerts about new betting opportunities.
- Get AI-guided feedback on market trends.
- Build reputation through successful predictions.
For Market Analysts
- Access encrypted, tamper-proof prediction data.
- Analyze community sentiment through betting patterns.
- Track market prediction accuracy over time.
- Utilize AI insights for market analysis.
- Share predictions with built-in social features.
Challenges we ran into
Challenges we ran into
Technical Hurdles and Solutions
Fully Homomorphic Encryption Integration
- Challenge: Implementing FHE for on-chain number storage while maintaining game fairness and performance.
- Solution: Leveraged Inco testnet's specialized FHE libraries and optimized the comparison operations to reduce computational overhead.
AI Agent Response Time
- Challenge: Initial AI feedback was too slow, causing poor user experience when players needed quick hints.
- Solution: Implemented an asynchronous feedback system with instant preliminary responses followed by detailed AI analysis.
Subgraph Indexing Delays
- Challenge: Real-time bet tracking and leaderboard updates were facing delays due to subgraph indexing latency.
- Solution: Created a hybrid system using events for immediate updates while maintaining subgraph data for historical analysis.
Cross-Chain Communication
- Challenge: Coordinating encrypted data between Polygon and Inco testnet while maintaining data integrity.
- Solution: Developed a robust bridging mechanism with fallback options and transaction verification.
Social Integration Complexity
- Challenge: Managing rate limits and API throttling for Twitter and email notifications during high activity periods.
- Solution: Implemented a queue system with smart batching for social updates and priority-based notification delivery.
Game Design Challenges
AI Hint Balance
- Challenge: Initial AI hints were either too revealing or too vague, affecting game difficulty.
- Solution: Developed a dynamic difficulty system where hint precision scales with bet size and game progress.
User Engagement
- Challenge: Maintaining user interest between betting rounds and during longer games.
- Solution: Added mini-achievements, progressive rewards, and social sharing incentives.
Security Considerations
Front-Running Protection
- Challenge: Potential exploit
Additional Features
Additional Features
New Development During Hackathon
This project was conceived and developed entirely during the hackathon period. We built everything from scratch, including:
Core Infrastructure
- Complete smart contract architecture on Polygon
- Fully homomorphic encryption implementation using Inco testnet
- Subgraph deployment for data indexing
- AI agent integration for user feedback
Innovative Features
- Real-time guess proximity feedback system
- Social integration with Twitter alerts
- Email notification system
- AI-powered hint generation
User Experience
- Interactive betting interface
- Real-time feedback mechanisms
- Social tagging system
- Community engagement features
We took the project from concept to working prototype during the hackathon timeframe, demonstrating the potential for combining blockchain technology, FHE, and AI in a novel gaming application.
Note: The entire project was conceptualized and executed within the hackathon duration, showcasing rapid development and integration of multiple complex technologies.
Tracks Applied (12)
Best projects integrating with the Walrus protocol
Walrus
AI X Crypto
Polygon
Most Innovative Use of CDP SDK
Coinbase Developer Platform
Crypto x AI Prize
Coinbase Developer Platform
Consumer Crypto Prize
Coinbase Developer Platform
CDP SDK
Coinbase Developer Platform
OnchainKit Pool Prize
Coinbase Developer Platform
Best New Subgraph(s)
The Graph
Build Innovative Consumer Apps on Base
Base
Prize Pool
The Graph
Open Track
BNB Chain
Best zk Dapp on Polygon zkEVM
Polygon