Frenpet - Sustained P2E

Frenpet, an idle game on Base, is quietly seeing a lot of success over the past year.

The app is built on a browser, and the creation process is fully abstracted through Privy + paymasters.

$FP

FP is the native token of Frenpet.

On each trade, there is a 4% tax: 2% for player rewards, 1% to the developers, and 1% as liquidity.

When FP is used in the game, 90% is burned and 10% sent to referrals. However, now that the referral program is over 100% of FP used by new players is burned.

Items in the marketplace are priced against $FP on a linear bonding curve. The marketplace contains useful items (like shields) or cosmetic items.

The team did not receive any tokens on l

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Held $FP for some time, followed the game on the side. It's actually pretty entertaining but the token is stuck ever since the March/April frenzy.

One thesis is that BASE is for degens: Peops go to Coinbase to speculate on tokens but not necessarily convert into onchain users (other than onchain speculators).