FBBank: A DAO-Based Decentralized Crypto Fund

What is FBBank

Friends, imagine if there were a “digital banking fund” not managed by traditional big banks, but operated by a group of crypto enthusiasts who collectively decide how it works, with all investment decisions and fund flows being open and transparent. That’s what FBBank aims to do. FBBank is a “decentralized crypto fund” born in the Web3 world. You can think of it as an investment club powered by blockchain technology, aiming to provide safe and reliable crypto asset management services for ordinary investors.

The core concept of FBBank is to use the “Decentralized Autonomous Organization” (DAO) model of blockchain to build a brand-new investment system. A DAO is like a company without a boss—major decisions are made by community members holding its token (FB) through voting, rather than by a small group of people. This makes the operation of the entire fund more transparent and fair.

This project was launched in 2023, though some sources indicate April 2022. It mainly runs on the Ethereum network, but is also compatible with other blockchains such as OKExChain (OKC) and BNB Smart Chain (BSC). The FB token of FBBank acts as both a “membership card” and “voting right” for this digital banking fund, mainly used for payments, staking (locking up tokens to support the network and earn rewards), and participating in community governance.

Target Users and Core Scenarios: FBBank is mainly aimed at users interested in decentralized finance (DeFi, i.e., financial services that do not rely on traditional banks or intermediaries) and seeking innovative financial solutions. It especially hopes to help ordinary investors solve various problems encountered in crypto investing, such as avoiding poor investment decisions caused by emotional swings. You can use FB tokens for trading arbitrage, staking to earn yields, and even participate in lending and other financial activities.

Project Vision and Value Proposition

FBBank’s vision is quite ambitious—they hope to “build the greatest crypto spaceship, carrying everyone’s dreams, and sail freely in the crypto world.” Sounds romantic, doesn’t it? The mission of this “spaceship” is to provide a more transparent and secure investment environment for ordinary investors.

Core Problems to Solve: In traditional investment markets, ordinary investors often face information asymmetry, lack of expertise, and are easily influenced by psychological factors. FBBank hopes to address these pain points through its decentralized model, helping investors effectively avoid mistakes in investment decisions caused by various psychological factors.

Differences from Similar Projects: FBBank stands out for several key reasons:

• It is the first “decentralized crypto fund” in the Web3 world to adopt the DAO model, meaning the community has greater say.
• It uses a unique “hybrid consensus mechanism” that combines Proof of Stake (PoS) and Delegated Proof of Stake (DPoS), which helps improve network security and scalability.
• Its tokenomics are designed to support real-world applications, including DeFi and cross-border transactions.
• The project claims to have a “top-tier investment team in the crypto world,” providing professional assurance for the fund’s operation.

Technical Features

FBBank also has its own technical characteristics—it’s like a carefully designed “smart contract vault” to ensure the security of your digital assets.

Technical Features: FBBank leverages the “smart contract” capabilities of blockchain. Smart contracts are like self-executing digital agreements—once conditions are met, the contract executes automatically without third-party intervention, greatly improving efficiency and trust.

Technical Architecture: FBBank mainly runs on the Ethereum network, a very mature and secure blockchain platform. At the same time, it also supports OKExChain (OKC) and BNB Smart Chain (BSC), meaning it can operate on multiple “digital highways,” increasing flexibility. Its smart contract code is reportedly based on BNB’s source code to ensure security.

Consensus Mechanism: FBBank adopts a “hybrid consensus model” combining “Proof of Stake” (PoS) and “Delegated Proof of Stake” (DPoS).

• Proof of Stake (PoS): Simply put, the more tokens you hold, the greater your chance of being selected to validate transactions and create new blocks, thus earning rewards. It’s like in a company—the more shares you own, the more say you have.
• Delegated Proof of Stake (DPoS): On top of PoS, DPoS allows token holders to vote for a small number of “delegates” (validators), who then validate transactions and maintain the network. It’s like a democratic election system, choosing professional representatives to manage things.

This hybrid mechanism aims to enhance network security and scalability, while ensuring that only validators with “vested interests” (i.e., those holding large amounts of tokens) can participate in the consensus process, thus promoting network reliability and decentralization.

Tokenomics

The FB token of FBBank is the core of the entire ecosystem. Its design is like a national currency system, determining its value and use cases.

Tokenomics Features: The FB token is designed to support real-world applications, including decentralized finance (DeFi) and cross-border transactions. This means it’s not just a digital asset, but a “tool” with practical uses.

Basic Token Information:

• Token Symbol: FB
• Issuing Chain: Mainly on the Ethereum network, also compatible with OKExChain (OKC) and BNB Smart Chain (BSC).
• Total Supply: The total supply of FB tokens is fixed at 21,000,000, paying tribute to Bitcoin, and the underlying code locks this amount—there will be no future increases, only decreases.
• Current and Future Circulation: According to CoinMarketCap, FBBank’s self-reported circulating supply is 523,674 FB. Note that this circulating supply has not yet been verified by the CoinMarketCap team.

Token Use Cases: FB tokens play multiple roles in the FBBank ecosystem:

• Payments: Used for various service payments within the FBBank ecosystem.
• Staking: Users can stake FB tokens to earn yields, similar to depositing money in a bank to earn interest, while also contributing to network security and operation.
• Governance: FB token holders can participate in FBBank platform decision-making and vote on the project’s development direction.
• Trading Arbitrage: Due to FB token price fluctuations, users can arbitrage by buying low and selling high.
• Lending: Users can also earn income by lending out FB tokens.

Token Distribution and Unlocking Information: The total supply of FB tokens is fixed at 21 million, locked by the underlying code and will only decrease in the future. The initial distribution plan includes: 2% airdrop, 8% market promotion, 30% staking, and a portion for liquidity (exact ratio not fully disclosed).

Team, Governance, and Funds

The success of a project depends on the people and mechanisms behind it, and FBBank is no exception.

Core Members and Team Features: The FBBank project is developed by a team of experts with rich experience in finance and technology. Although the specific founder information has not been publicly disclosed, the project claims to have a “top-tier investment team in the crypto world,” who have successfully managed millions of dollars in assets and achieved good investment returns.

Governance Mechanism: FBBank adopts the “Decentralized Autonomous Organization” (DAO) model for governance. This means major project decisions are not made by a few people, but are collectively decided by FB token-holding community members through voting. This model aims to improve transparency and community participation, allowing all stakeholders to shape the project’s future direction together.

Treasury and Funding Runway: FBBank also has a strategy for fund management. They plan to invest 20% of project funds in mainstream cryptocurrencies such as Bitcoin, Ethereum, BNB, OKB, and OKT to optimize their crypto fund investment strategy. In addition, the project conducted a seed round of financing in its early stage, raising $2.1 million.

Roadmap

The roadmap is like the project’s “navigation chart,” showing its past journey and future direction.

FBBank’s roadmap is divided into several phases, described with vivid metaphors such as “building the ship,” “trial voyage,” “voyage,” and “deep space”:

• Phase 1.0: Building the Ship

  This phase focuses on the initial construction and promotion of the project. Around February 2023, FBBank released the FB token smart contract, emphasizing the use of BNB’s source code for security. They also established multiple publicity channels such as Telegram, Twitter, Weibo, and applied for primary and backup domains. In addition, FBBank launched the first round of overseas airdrops and submitted token information to platforms such as OKC public chain, MetaX wallet, Onto wallet, CoinHub wallet, Bitkeep wallet, and CherrySwap, as well as to crypto media and data platforms like Jinse Finance and DappRadar.

• Phase 2: Trials

  In this phase, FBBank began optimizing its crypto fund investment strategy. They launched a second round of overseas airdrops and planned to increase Twitter followers to 30,000. At the same time, FBBank continued to accumulate OKT as reserves and conducted an audit of the FB token contract. During this phase, the project also completed its first seed round valuation financing, raising $2.1 million. In addition, deployment on BNB Smart Chain began, and NFT construction was initiated.

• Stage 3: Voyage

  The focus of this phase is further financing and market management. FBBank plans to conduct a second angel round valuation financing and open IFO (Initial Farm Offering). The project will complete all token distributions and begin market value management.

• Phase 4: Deep Space

  This is FBBank’s long-term goal phase. In this phase, the project will open IFO listing and set a target of achieving $300 million in circulating market value.

  Historical Milestones:

  • April 2022 or 2023: Project launch.
  • Around February 2023: FB smart contract released, first airdrop launched, token information submitted to multiple platforms.
  • Project token listed on OKX DEX market and CMC website.
  • Passed BNB Chain audit.

  Future Plans:

  • Continue to optimize market value management.
  • Further financing and marketing activities.
  • Achieve the goal of $300 million in circulating market value.

Common Risk Reminders

Investing in cryptocurrencies is like sailing in the ocean—full of opportunities but also risks. As a blockchain project, FBBank also has some potential risks that everyone should be aware of.

• Technical and Security Risks

  Although FBBank claims its smart contracts use BNB source code for security and have undergone contract audits, blockchain projects may still face technical risks such as smart contract vulnerabilities and network attacks. Any code may have unknown flaws, which could lead to loss of funds.

• Economic Risks

  The cryptocurrency market is known for its dramatic price volatility. The price of FB tokens can also be affected by market sentiment, macroeconomic conditions, project development, and other factors, possibly experiencing sharp rises or falls. In addition, FBBank’s circulating supply has not yet been verified by the CoinMarketCap team, which may bring some uncertainty to the market.

• Compliance and Operational Risks

  Global regulatory policies on cryptocurrencies are still evolving, with different countries and regions having different rules. As a decentralized crypto fund, FBBank may face compliance challenges in the future. In addition, the project’s operation and development also depend on the team’s execution, community activity, and market acceptance.

• Information Transparency Risks

  Although FBBank adopts a DAO governance model to improve transparency, its core founder information has not been publicly disclosed. In decentralized projects, team anonymity may bring certain risks, such as making accountability more difficult if problems arise.

Important Reminder: As with all cryptocurrency investments, investors must closely monitor FB’s market performance and fully understand the associated risks. The crypto world is full of uncertainty, so thorough research and preparation are essential. The above information is for reference only and does not constitute any investment advice.

Verification Checklist

When researching a blockchain project in depth, here are some key pieces of information you can verify yourself—they’re like the project’s “health report.”

• Block Explorer Contract Addresses:
  • BNB Smart Chain (BSC) Contract Address:
    0x770f030fdbf63ebf1c939de8bcff8943c2c2d454
    You can check this address on block explorers like BSCScan to view token transaction records, holder distribution, and more.
  • OKExChain (OKC) Contract Address: The information mentions FBBank operates on OKC, but no specific contract address is provided.
• GitHub Activity:
  • GitHub Repository:
    cubeforex/FBBank
  • Activity: According to search results, this GitHub repository shows 0 projects, 2 stars, 1 watcher, and 0 forks. There is also an error message when loading the page. This may indicate low code development activity or issues with repository management. For a technical project, GitHub activity is an important indicator of development progress and community engagement.
• Official Website:
  https://fbbank.cc/home.html
  or
  https://www.fbbank.cc
• Whitepaper Link:
  https://fbbank.gitbook.io/en
  This is the most direct way to learn detailed project information.
• Twitter:
  https://twitter.com/FBBank_cc
  You can follow their official Twitter for the latest updates and community interaction.
• BNB Chain DappBay:
  https://dappbay.bnbchain.org/detail/fbbank
• CoinMarketCap: FBBank is listed on CoinMarketCap, where you can check its price, market cap, trading volume, and other data.
• OKX DEX Market: FBBank’s token is listed on the OKX DEX market.

Project Summary

In summary, FBBank is an ambitious blockchain project attempting to build a decentralized crypto fund in the Web3 world. It aims to provide transparent and secure crypto asset management services for ordinary investors through DAO governance and professional investment strategies. It hopes to solve problems such as information asymmetry and psychological bias in traditional investing, and enhance technical strength through its unique hybrid consensus mechanism and multi-chain compatibility.

The total supply of FBBank’s FB token is fixed at 21 million, with multiple use cases such as payments, staking, and governance. The project team claims to have top investment experience and has set a phased roadmap, planning from smart contract release to achieving a $300 million market cap as a long-term goal.

However, like any cryptocurrency project, FBBank also carries potential risks such as technical vulnerabilities, market volatility, regulatory uncertainty, and team transparency. In particular, its low GitHub activity and unverified circulating supply are aspects investors should pay special attention to when evaluating the project.

Please remember, all the above information is an objective introduction to the FBBank project and does not constitute any investment advice. Cryptocurrency investment is high risk—be sure to do your own research (DYOR) and make wise decisions based on your own risk tolerance.

For more details, users are encouraged to research FBBank’s official whitepaper, website, and other public information themselves.