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Future Planning of the FAB Public Chain and Ecosystem

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The FAB public chain has recently shared its ambitious overall planning, which includes community building, technological advancement, Web3 development, and applications in various sectors like El Salvador. A key component is the development of a "super app" that leverages blockchain technology to provide diverse services, including offline economic services and online Web3 functionalities. This app aims to enhance user experiences and integrate various projects, including social applications and decentralized exchanges like Yibi and Biswap. The community is encouraged to collaborate with FAB, which offers technical support for project development. FAB emphasizes that blockchain technology can be applied across various industries, not just for cryptocurrency trading. Additionally, the integration of AI tools is planned to enhance project capabilities, allowing for automation, optimization, and intelligent decision-making. To comply with U.S. regulations, identity verification (KYC) will be required for users trading on the Yibi decentralized exchange, while other wallet functionalities remain unaffected. Biswap will allow anyone to create trading pools, supporting tokens from various blockchains. FAB is also establishing a global network of nodes to ensure the smooth operation of its applications. The ecosystem includes decentralized wallets, payment tools, e-commerce platforms, NFT marketplaces, and more, with ongoing developments aimed at enhancing the Web3 experience for users.

FAB Public Chain Explainer Xiao K
https://mirror.xyz/0x06A08150BdA9Af17D0ff0F179aA3E272C5D899b0

Recently, the leaders of the FAB public chain shared the overall plan of FAB with the community. The entire plan is very grand, including community building, technological advancement, Web3 development, applications in El Salvador, and various other application aspects. Here, I will briefly summarize it for everyone. Of course, this is just a small part of the entire FAB ecosystem. What we discuss here may have some shortcomings and may not fully convey the entire FAB ecosystem, but it will give everyone a general idea. In future articles, we will gradually provide more detailed analyses. As the FAB public chain develops, we will help everyone understand the broader FAB ecosystem better.

Super App#

The Super App, also known as the super app, is something many friends in the community might be aware of. The framework has been discussed internally within the team since last year and has been continuously developed. There may already be preliminary results, so I want to share this with the community. The Super App relies on the powerful blockchain technology of the FAB public chain and aims to create a truly service-oriented super application for the real economy, allowing users to conveniently enjoy a variety of functions. For example, the offline real economy is one of the important segments of the Super App. Through the Super App, users can easily find high-quality offline services nearby and gain a high-quality living experience, while also earning corresponding rewards through a referral system. Additionally, online Web3.0 is another important segment of the Super App, ensuring the authenticity and security of transactions, and more functions will be opened in the future. Personally, I believe that the Super App aims to build a diversified platform serving the real economy, including various online and offline projects, and certainly also includes projects from the cryptocurrency space. This is undoubtedly a massive undertaking.

For example, let’s discuss some information revealed by the leadership.

Social applications will also be integrated into the Super App. In the social application, users can not only express themselves freely and meet like-minded friends, but the integrated AI features are also astonishing. They not only provide personalized recommendation services but also solve various problems encountered in daily life, as anyone familiar with ChatGPT would know.

Yibi and Biswap decentralized exchanges have broken the traditional centralized trading model, achieving safer, faster, and more convenient transactions. As mentioned in our previous articles, Yibi will add more features in the future.

The Super App will also offer more blockchain games, including some popular blockchain games.

The wallet function is also an important feature of the Super App. Of course, you can choose not to connect a wallet, and multiple login options will be provided. I personally think the wallet will be very convenient. Users can manage their digital assets within it. The Super App not only provides users with comprehensive digital services but also organically combines the real economy with the digital economy, thereby promoting the development of the entire FAB public chain and its ecosystem.

Community Building#

From the perspective of the FAB leadership, we can see specific ideas regarding community building.

First of all, the entire FAB public chain warmly welcomes various communities and projects to connect with the FAB public chain and will even provide more technical support to help communities quickly build their projects. As we shared before, the FAB public chain is a completely open-source world-class public chain, and the project connection development documentation is available on the official website. Anyone can connect with the FAB public chain and build their projects, including the FAB one-click token issuance feature we previously shared, which is very simple and convenient.

Secondly, for ecological or community projects that connect with the FAB official, the FAB official will hand over the ecosystem to the leaders responsible for that ecosystem to operate independently, while also providing appropriate technical services. The FAB official will collaborate with more teams to build multiple larger projects, such as securities, the construction of Bitcoin City in El Salvador, pay.cool payments, etc. It is impossible to cover all ecosystems comprehensively, so it will be handed over to the leaders of the ecological projects for independent operation.

Moreover, everyone should not think that blockchain projects are just about issuing tokens, similar to the cryptocurrency space where people speculate. Blockchain can be applied across various industries, especially in both real and virtual industries, where blockchain technology can be utilized. Web3.0, the metaverse, etc., require blockchain technology as the underlying technology.

Connecting AI#

In fact, this connection to AI, referred to by the FAB official as Aisohi, is something I do not fully understand in detail. I will boldly speculate that there will be many AI tools connected, including AI drawing, AI video, AI writing, Q&A, project building, etc. We are currently in an era of AI explosion. Since the rise of ChatGPT, various AI tools have emerged, and the speed of updates and iterations far exceeds that of all previous applications. By connecting various AI tools, FAB allows users to create their own works, such as creating their own NFT works through mj, SD, etc., automatically creating their own ecological projects with AutoGPT, creating their own works with ChatGPT, and possibly adding more AI tools in the future. The specifics will await the official announcement, and we will share detailed information with everyone in a timely manner. However, it is uncertain when it will be open for user use. Some may say this is just a shell game, as many in the domestic market do this by providing a shell for everyone to use. However, I personally feel it won't be that simple. If it were just a simple shell game, there would be no need to do it, let alone share it with everyone. There will definitely be more connections in the future, and we will wait and see!

For friends working on projects, I want to mention that after connecting with AI, the project can achieve the following functionalities:

  • Automation of processing and analysis: AI can automatically process and analyze project data, reducing the burden of large data volumes and repetitive tasks, while improving processing and analysis efficiency.

  • Prediction and optimization: Utilizing AI technology to predict and optimize complex issues within the project, simulating actual situations to minimize risks while enhancing efficiency and quality within the project.

  • AI intelligent decision-making: Based on the results of AI technology and automated analysis, project managers can make smarter decisions, manage, and guide project execution to achieve more stable and long-term benefits.

  • Specialized support in specific application scenarios: Utilizing AI technology to provide specific software and technical support for projects based on different fields and business requirements, including image and video processing, prediction and optimization, language processing, etc.

Identity Verification and Biswap#

This identity verification is mainly to comply with U.S. regulations, especially for U.S. users. In the Yibi decentralized exchange, KYC must be completed to conduct transactions. However, normal wallet usage is allowed, including flash payments, etc. Transactions are not permitted, but this is limited to the U.S. region. Friends in other regions are currently unaffected. As for whether KYC will be mandatory in other regions in the future, there will be a detailed announcement.

In addition, Biswap will also be fully open. Previously, it might have been subject to scrutiny like Yibi, but Biswap is about to be completely open, and anyone can launch their own trading pool on Biswap. For example, if you have developed a project on FAB and minted your own token using the one-click token issuance feature on FAB, you can directly open your pool on Biswap.

Of course, you do not necessarily have to issue tokens on FAB; you can also issue tokens and develop projects on BSC, TRX, ETH, etc., and then open LP pools on Biswap. This is all possible, as long as it is a public chain supported by FAB. We have previously shared in detail that the wallet developed based on FAB is a multi-chain wallet, and it is not one that requires cross-chain bridges to use; transactions can be conducted directly on Biswap. You can refer to our previous articles in the channel.

The tools are here, and they are completely free. It depends on how each ecosystem utilizes them to grow their projects. Teams with ideas and capabilities are also welcome to develop their projects on the FAB public chain.

Nodes#

Regarding the topic of nodes, we have detailed this in our previous articles. The nodes of FAB mainly pave the way for the global applications of Yibi, pay.cool, Biswap, various ecosystems, and the future Super App. Any application must have a large number of nodes distributed globally for smooth global application. FAB's nodes also offer various ways to generate income, which we have previously shared in detail, so I won't elaborate further here. Please refer to the article on nodes.

The above is just a part of the FAB ecosystem. In the future, we will share more about the broader FAB ecosystem.

FAB Public Chain Ecosystem#

The FAB public chain has multiple ecosystems that have officially started operating, including various blockchain games, shopping malls, etc. In addition to the various ecosystems built on FAB that we previously introduced, more ecosystems developed based on the FAB public chain will be launched in the future. Our community will continue to share and explain, helping everyone build their own business landscape in the era of blockchain Web3.0.

  1. Decentralized wallet + Decentralized exchange (exchangily.com all transaction fees are 100% distributed to holders of Yibi exchange token EXG)

  2. Decentralized digital currency payment tool — Pay.cool payment, a blockchain-based Web3.0 version of Alipay, v3 version has been upgraded, welcome to the world of Web3.

  3. Decentralized e-commerce (madearn.com)

  4. NFT trading platform (collectiongala.com)

  5. Decentralized traceability system ID Dock (verification and traceability system for people, events, and objects)

  6. DeFi ecological applications (Biswap.com)

  7. Blockchain game platform (gamearm.com)

  8. Red envelope feature, already launched on pay.cool

  9. Digital identity system, the Digital Citizen Program has been launched (Digital ID of pay.cool)

  10. Developer integration suite cool-connect has been launched

  11. Decentralized supply chain (DSCmap, coming soon)

  12. Social content creation platform coming soon

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