The year 2024 marks a transition for Meme coins from peak to trough. The frenzy of PVP, driven by 'celebrity coins' like Trump, quickly filled up, but it was also these coins that drained liquidity and returned the entire Meme track to its original form. As speculative sentiment waned, the crypto space quickly realized that projects relying solely on hype to maintain heat were unsustainable. Hence, projects with real traffic and structural financial support began to receive renewed scrutiny from investment research perspectives.
In this context, the combination of FO and Qian Fenglei is particularly special. It not only has a Meme narrative but also a real-world capital operation logic, and even carries a strategic implication of 'industry-stock market-crypto market' integration.
Who is Qian Fenglei? In the Web2 world, he is a business player known as 'Qian Duoduo', who has participated in early investments in projects like Ant Financial, Guazi, and Kuaishou. His influence is reflected not only in his social circle (with big names like Shuangma and Cai Wensheng endorsing FO-X) but also in the scale of funds he handles. In 2024, his controlled Hengfeng International acquired Jingwei TianDi through a shell company on the Hong Kong stock market (costing 400 million HKD), and completed a $100 million financing in December, primarily focusing on the FO-X ecosystem. This signifies that FO is not a single bet but a capital project with a clear path.
Compared to most 'celebrity coins' that merely cash in on traffic quickly, FO Token's aim resembles that of a central asset. Its role is to link the incentive mechanisms within the FO-X ecosystem, driving a cycle among multiple Web3 products like Paradise NFT, FoChat, and FoPay, and then leveraging this usage data and community activity to feed back into the capital market valuation of Jingwei TianDi. It is rumored that the initial liquidity pool for the FO token is as high as ten million dollars, with buying support also at the level of millions of US dollars. For Qian Fenglei, $FO itself is a 'market cap leverage'—as the coin rises, stocks rise, and the expectation of US stock listings pulls a larger closed loop.
The performance of Paradise NFT further validates this logic. In November 2024, the entire NFT market was essentially in a 'zeroing' state, but Paradise NFT sold out in 38 seconds with a starting price of 7.9 SOL, subsequently peaking at 40 SOL, with total sales exceeding $24 million. It ranked among the top five trading volumes on platforms like OKX. Behind this achievement is FO's massive Web2 community—official data shows that FO has over 30,000 daily active users, with a cumulative Web2 user base reaching 800,000. These users are not just pure speculative traders but real consumers using FoChat for socializing, live streaming, and tipping.
The 'power' of FO Token comes from its positioning: it is not merely a Meme token, but rather a unified entry point for 'payment-interaction-social-investment' transitioning from Web2 to Web3. On the other hand, its driving force comes from capital parties with clear KPIs, rather than random traffic influencers. Qian Fenglei personally invested $50 million into this project, with the remaining funds coming from 50 business partners, such backing is extremely rare in the crypto space.
In terms of gameplay, FO attempts to attract attention with Memes, retain users with a Web2-level experience, and ultimately guide them into the Web3 logic. This includes using $FO for payments, tipping, interacting, and participating in investments within the ecosystem, and 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 pivotal points of 'practical scenarios + capital operation + Meme diffusion'. If successful, it will become a Web3 case where Web2 funds truly 'foot the bill'. If unsuccessful, it will at least be one of the projects with the most genuine business structure in the Meme field.
In the previously mentioned FO project, the team chose to reach an exclusive launch cooperation with Aibox not only due to channel considerations but also due to the high strategic alignment. This represents not just a project launch collaboration but the formation of a resonance mechanism— a trading platform with project incubation, wealth creation effects, and traffic penetration partnering with a meme project that has strong community explosive power and practical attributes, forming a synergistic amplifier in the current market rhythm.
Fundamentally, Aibox, as a full-chain asset trading platform, has its core competitive advantage in its straightforward and aggressive market operation capabilities and a deep familiarity with the logic of offline traffic networks. It does not operate in the primary market with slow-paced incubation; instead, it directly creates strong emotional games in the secondary market, quickly validating market sentiment and breaking cognitive boundaries. FO, as a project with a complete practical ecosystem and strong financial backing, inherently possesses strong topic creation and community diffusion capabilities. The underlying logic of their collaboration is built around 'creating emotional leverage'.
The FO project chose to launch exclusively on Aibox, which not only received initial liquidity support from the exchange but, more importantly, enjoys the off-market traffic and momentum generated by Aibox's strong operational attributes. According to the information released by the officials so far, Aibox will initiate a series of on-chain incentive activities around FO, including a trading-to-mining mechanism, large airdrop task pools, and a KOL engagement mechanism in conjunction with social platforms. This collaboration can be seen as an accelerator for FO's breakout path, leveraging Aibox's promotional model to quickly break through and feed back into community enthusiasm.
At the same time, Aibox's strategy of 'asset issuance + immediate explosive growth' 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 period, instead, it bundles 'explosive points, growth, and dissemination' for a one-time launch, creating strong momentum in the secondary market that in turn drives the first-level traffic.
It is worth mentioning that although Aibox initially targets Chinese-speaking users, it has already evolved into a product for the global market. It is no longer confined to general asset operation logic but has leveraged AI and the global narrative of memes to forge a lighter and faster path. The convenient deposit channels and seamless on-chain cross-chain asset integration significantly lower the participation threshold for non-native chain residents, creating a 'light trading entry' distinct from traditional DEXs. Aibox's most unique advantage lies in inheriting a massive user base from the ibox era. Ibox once had over 5 million registered users, many of whom came from offline fission, are not familiar with on-chain operations, have not experienced PVP, and possess high loyalty and strong volatility tolerance, making them some of the most scarce quality incremental users in the current crypto space.
Complete tasks to receive airdrop rewards of FO tokens! Deposits, new user referrals, and trading all come with FO airdrop rewards.
