My Kind Of $FUN

I’m really digging Funicular. Normally when I write, I like to spend the first few sentences warming up my readers, but here, I’m coming full speed ahead. Funicular is one of the most underrated and overlooked projects to join the Arbitrum network. To me, it is a true gem and represents some of the best script writing and smart contract coding in the crypto space.

Sometimes when things are smart, they can be hard to comprehend. Funicular is really about four simple things – transaction taxes, yield farming, harvesting, and buyback and burn. I know that seems like five things, but

don’t be a smartass. To me, buyback and burn counts as one thing…maybe. I also wrote four “simple” things, but the script and coding aren’t really that simple. All you and I have to really know is that it works, and it works really well. (Cue the video)

You just watched one minute of pure excellence, and in case it still doesn’t make sense, I’ll make the steps plain. Funicular depends on a protocol that examines yield farms. 4% of Funicular token’s 5% transaction tax is used to fund the yield protocol. As buys and sells occur, the yield position grows. The yield position earns rewards that are harvested weekly and used to buyback $FUN. Once buyback occurs, the tokens are sent to the burn wallet.

Yeah, But The Chart

Funicular did experience a strong initial run up, but this is generally the case with most tokens. People take profits. Funicular endured the crypto bear market, experienced several sells, and a relatively low holder count…BUT…the protocol also managed to build over $120,000 in yield position, resulting in the buyback and burning of 19% of the token supply. With a yield position of that magnitude and a low token price point, the weekly purchasing power of the yield rewards harvested actually benefit holders. The protocol works regardless of the token price. The script allows multiple yield positions to occur at once, maximizing the rewards and buyback and burn. As long as yield farming exists in crypto, the Funicular protocol is an inevitability.

Wait…What?

Is it making sense yet? Funicular token holders are holding a golden ticket to the “moon”, but they are welcome to exit at any point in between. Even if no additional holders were added to the count, and assuming existing holders didn’t sell, the token price would rise from buy pressure created from weekly buyback and burn. The circulating supply would diminish over time as the protocol purchases and burns tokens.

What I just described above is the slow and steady climb, but imagine what would happen if ten thousand holders suddenly came along for the ride. Of course the token price would skyrocket, but so would the yield positions. Knowledgeable holders would welcome profit taking, knowing that the healthy yield rewards would devour the lower priced tokens and send them to the burn wallet. At that point, $FUN’s market cap would reach astronomical heights to which each golden ticket could fetch a small fortune.

For The Holder

Funicular is a decentralized autonomous organization (DAO). The community of holders vote on proposals to determine the direction of the token. This governance model ensures a level of fairness. Voting power is tied to token holdings, so those who have more at stake hold more weight. With an initial supply of 1,000,000 tokens, the max wallet size is just under 1% (9,999).

I view $FUN as a long-term hold. My personal plan is to accumulate tokens and build toward a max wallet. There’s a lot of transparency with this project. Holders can view current yield positions and rewards, and buyback and burn is easily tracked on the blockchain. Let me know what you think. I’m here for the $FUN!

Socials & Resources

X (Twitter): https://twitter.com/FunicularDAO

Telegram: t.me/FunicularDAO

Current Yield: Yield Positions

Burn: Arbiscan