Hi all,
Today we are beyond excited to announced The launch of Form mainnet. This is a milestone for us as a company and something we think is going to evolve the SocialFi space for the foreseeable future. The product-market-fit for SocialFi is a bonding curve that represents that layer of interaction between a creator and their community. We're going to evolve this thesis as a chain with Form. Please spread the word through our announcement tweet below 🙏
We've seen tens of thousands of Formies jump into Meditations phase 1 and get started with our pre-deposits campaign. We'll now venture into Meditations phase 2: the Form Mainnet Incentive Program.
Form Mainnet Starts Today
We allocated 1% of the FORM supply for depositors in Meditations Phase 1. We are allocating 7% of the FORM supply for users ative in Meditations Phase 2. Think of this as a 7x boost on on-chain activities done on mainnet that will last until the TGE of FORM.
Dapps and Phase II Form Points
We've curated dapps that you can use today to gain Form points and begin the journey to decentralize SocialFi with FORM. Phase II Form points represent activity on the Form mainnet and FETH deposits. You will be able to view your Phase II Form points in late January although you can start earning Phase II Form points right now by using dapps in the Form ecosystem.
Here are some actions you can do right now to earn Form points:
Bridge: Migrate any asset on our bridge to Form mainnet. You can unstake from Meditations and bridge directly to Form mainnet to continue earning points.
SocialFi (mint/trade/ERC20): Utilize apps like Curves to mint SocialFi tokens, trade them and convert to ERC20
DeFi activity (trade, liquidity, farm): Use Form DEXes like Fibonacci to trade, provide liquidity and farm tokens. Use Metrom to liquidity mine Fibonacci LP positions on Form.
Mint Form ETH (FETH): Use Nucleus or our Meditations dashboard to Mint FETH.
Referral: Earn 15% of points for users signing up with your referral code. Earn a 10% bonus on your points when you use a referral code
Consumer Dapps: Claim your .form domain name with ZNS, become an OG Form users by joining minting our Form Guild Pin, Create Drops on StationX (on-chain earn codes!), use Mintpad to mint our first Form NFT collection.
We will also reward the top NFT collections on NFTs2Me from now until TGE. Create a unique NFT collection for our community to mint to get rewards. You can try out NFTs2Me by minting Form's first NFT collection here.
Earn Yield with SocialFi on Form
Form mainnet is an ecosystem where users can earn yield while evolving SocialFi. Users will receive:
Fixed native yield by holding our Form ETH (FETH) asset.
FORM rewards via our Phase 2 airdrop program.
Ecosystem yield via Form DeFi projects.
SocialFi yield from Form SocialFi projects and AI agents launched on Form.
Ecosystem incentives from native project tokens.
Eigenlayer rewards from restaking assets as part of the composite index of FETH
Shaping the Future with Form Grants
FORM Grants are Ecosystem & Development allocations for SocialFi projects. Form defines the product-market-fit of SocialFi as a bonding curve that represents the layer of interaction between a creator and their community.
We currently see SocialFi as a superset of 3 categories: Launchpad tokens apps, AI Agents, and bonding curves platforms (friendtech etc.). Each has its own purpose and may converge into one very useful type of application in the future.
We are aiming to reward the most visionary SocialFi builders on Ethereum and work 1-on-1 with them on Form. If you are interested in contributing to Form by deploying traditional launchpad apps (think pump.fun), AI Agent launchpad apps (think Virtuals) and AI Agent DAOs (ai16z etc.), bonding curve platforms like friendtech or if you'd like to explore some RFPs we have in the SocialFi space, message us directly, apply for a grant or check out our Form Grants page for more info.
We will also explore grant giving for teams that will support FORM staking within their ecosystem or projects we can integrate into FORM staking rewards.
Introducing Form
This quarter we plan on launching FORM, the governance token for the Form blockchain. FORM is an asset that represents the decentralization of SocialFi infrastructure and the evolution of SocialFi on Ethereum.
The decentralization of the Form blockchain represents the beginning of the Form Foundation, our SocialFi ecosystem fund and putting future upgrades for the Form blockchain in the hands of our users. Over 50% of the FORM token supply is allocated to the community and will shape Form's governance in the coming years.
Final thoughts
Our ecosystem has grown so much and we’re incredibly excited to evolve SocialFi alongside this community. You are the future of SocialFi. Let’s keep pushing, we are excited to share this moment with you. Welcome to Phase 2!
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