FO-X and AiBox: A model experiment built by Web2 funds + Web3.
2024 will be the year when meme coins slide from their peak into a deep valley. The frenzy surrounding PVP, driven by 'celebrity coins' like Trump, quickly reached its zenith, but it was also these coins that, after squeezing out liquidity, brought the entire meme track back to its original shape. As speculative sentiment wanes, the crypto community quickly realizes that projects relying solely on hype to maintain interest are unsustainable. As a result, projects with genuine traffic and structured capital support are starting to be re-evaluated from an investment research perspective.
In this context, the combination of FO and Qian Fenglei appears particularly special. It not only possesses meme narratives but also embodies real-world capital operation logic, even carrying a strategic meaning of a 'trinity' of industry, stock market, and cryptocurrency.
Who is Qian Fenglei? In the Web2 world, he is known as 'Qian Duoduo,' a business player who has participated in early investments in projects like Ant Financial, Guazi, and Kuaishou. His influence is not only reflected in his social circle (with big names like Ma Huateng and Cai Wensheng endorsing FO—X) but also in the scale of funds he has deployed. In 2024, his controlled Hengfeng International acquired Jingwei TianDi through a shell company on the Hong Kong Stock Exchange (costing 400 million HKD) and completed a $100 million financing in December, primarily targeting the FO-X ecosystem. This means FO is not just a single-point bet but a capital project with a clear path.
Compared to most 'celebrity coins' that simply utilize traffic for quick cashing out, the goal of FO Token resembles more of a central asset. Its role is to link the incentive mechanisms within the FO-X ecosystem, driving multiple Web3 products like Paradise NFT, FoChat, and FoPay to create a cycle, which in turn, through these usage data and community activity, feeds back into the capital market's valuation of Jingwei TianDi. There are even rumors that the initial liquidity pool for the FO token reached tens of millions of dollars, with buy support also at the tens of millions level. For Qian Fenglei, $FO itself is a 'market cap lever'—when the token rises, the stock rises, and the expectation of a US stock listing drives a larger closed loop.
The performance of Paradise NFT further validates this logic. In November 2024, the entire NFT market was basically in a 'zero' state, but Paradise NFT sold out in 38 seconds at an initial price of 7.9 SOL, subsequently peaking at 40 SOL, with total sales exceeding $24 million. It briefly entered the top five in trading volume on platforms like OKX. Behind this achievement is FO's massive Web2 community—official data shows FO has over 30,000 daily active users, with a cumulative Web2 user count reaching 800,000. These individuals are not just pure speculative crypto users but are genuine consumers actively using FoChat's social, live streaming, and tipping features.
The 'greatness' of the FO Token comes, on one hand, from its positioning: it is not merely a meme token but a unified entry point for 'payment-interaction-social-investment' as Web2 transitions to Web3. On the other hand, its backers are capitalists with clear KPIs rather than just ordinary traffic merchants. Qian Fenglei personally invested $50 million into this project, with the remaining funds coming from 50 business partners. Such endorsements are extremely rare in the crypto space.
In terms of gameplay, FO attempts to attract attention through memes, retain users with Web2-level experiences, and ultimately guide them into the Web3 logic. This includes using $FO for payments, tipping, interacting, and participating in investments within the ecosystem, and it also plans to launch a content platform similar to 'Web3 Douyin' called FoLive.
To summarize, $FO is not a short-term hype, but an experiment built on the three pillars of 'practical scenarios + capital operation + meme diffusion.' If successful, it will become a Web3 case that Web2 funds genuinely 'pay for.' If not, it will at least be one of the most structurally sound projects in the meme space.
In the FO project we mentioned earlier, the team chose to reach an exclusive launch cooperation with Aibox, not just out of channel considerations but also due to a high degree of strategic alignment. This represents not just a project launch collaboration but the formation of a resonance mechanism—one that combines a trading platform with project incubation, wealth creation effects, and traffic penetration capabilities with a meme project that has a strong community explosiveness and practical attributes. Together, they are forming a collaborative amplifier in the current market rhythm.
From a fundamental perspective, Aibox, as a full-chain asset trading platform, has its core competitive advantage in its straightforward and brutal market operation capabilities and a deep understanding of offline traffic network strategies. It does not perform slow-paced incubation in the primary market but creates strong emotional games directly in the secondary market, quickly validating market sentiment and shattering cognitive boundaries. As a project equipped with a complete practical ecosystem and strong capital backing, FO itself possesses a powerful ability to generate topics and expand community reach. The underlying logic of their cooperation is built around 'creating emotional leverage.'
Choosing to launch the FO project on Aibox not only secures initial liquidity support from the exchange but, more importantly, benefits from Aibox's strong operational attributes, attracting off-platform traffic and creating momentum. According to the current information released by officials, Aibox will initiate a series of on-chain incentive activities around FO, including a trading mining mechanism, large airdrop task pools, and collaborative social platform KOL mechanisms. This collaboration can be seen as an accelerator for FO on its path to breaking out of its niche, rapidly expanding its reach through Aibox's promotional model and feeding back community engagement.
Meanwhile, Aibox's 'asset issuance + instant surge' strategy further reinforces its role as an incubator for the meme ecosystem. For FO, this model is particularly suitable—it does not require a long preheating phase but bundles 'high points, increases, and dissemination' and launches them all at once, creating strong momentum in the secondary market, which in turn drives primary traffic replenishment.
It is worth mentioning that although Aibox initially targets Chinese-speaking users, it has now evolved into a product aimed at the global market. It is no longer limited to the typical asset operation logic but leverages the global narrative of AI and memes to take a lighter and faster path. The convenient funding channels and seamless access to cross-chain assets have significantly lowered the participation threshold for non-native chain users, creating a 'light trading entry' distinct from traditional DEXs. Aibox's most unique advantage lies in its acquisition of a massive user base from the ibox era. Ibox once had over 5 million registered users, many of whom came from offline referrals, are not familiar with on-chain operations, have not experienced PVP, and exhibit high loyalty and strong volatility tolerance, representing some of the most scarce quality incremental users in the current crypto space.
In summary, the collaboration between Aibox and FO is a typical pairing of 'technological carriers + dissemination mechanisms.' On one hand, Aibox provides channels for traffic and explosive operations; on the other hand, FO injects sustained topics and community vitality into the platform through its strong community and financial strength. In a market still undergoing structural repairs, the success of this combination strategy may become the next hot template and signify that more similar meme projects will form a new round of aggregation around the Aibox ecosystem. For participants interested in practical meme narratives and high-yield on-chain assets, depositing SOL on the AiBox platform and investing heavily in FO is undoubtedly a key focal point worth monitoring closely.
Register for AiBox now and complete tasks to receive airdrop rewards of FO tokens! Deposits, referrals, trading—all come with FO airdrop rewards.
Download link: https://www.aibox.fun/invitation/2yfs7pkk
