App-Exclusive Token Launches Are Starting to Appear on FOMO
π Token launches that can only be bought through the FOMO app are starting to appear. Until now, the Fomo team had not officially issued a token itself. I had been testing the pf app, but came back to Fomo to take part in this launch.
π Token launches that can only be bought through the FOMO app are starting to appear.
Until now, the Fomo team had not officially issued a token itself.
I had been testing the pf app, but came back to Fomo to take part in this launch.
That's because $EYES can only be bought in the Fomo app until it reaches a $10 million market cap.
The team is promoting it as having no snipes and no bundles. Of course, other projects say the same thing.
The structure is interesting:
βEvery launch pays into one engine. It buys EYES and burns it.β
In other words, each launch on Fomo contributes to a single mechanism that uses the funds to buy and burn EYES. The project says about 3.5% of the total supply has been burned so far.
More details here:
How it works
But there's an important detail. The disclosures explicitly state that EYES is an independent experiment and is not created, endorsed or operated by Fomo.
The deployer wallet address is:fomoCgze2Y3NDLT7n2iMeXnustRRzbRzKyovpT9geEe
It starts with fomo, making it look like an official Fomo wallet. In fact, it is not a Fomo wallet; it is a vanity address deliberately generated with the fomo prefix.
The overall project gives a strong impression that it has been designed to look like an official Fomo project.
It could be a parasitic project riding on Fomo's brand and router, and we may see quite a few more launches like it.
So DYOR. EYES is the only one of these projects I've bought into.
The idea itself is certainly interesting, but where will that βmassive pumpβ come from without bundles?
I'm not sure whether this is an ad or not. Go read the original.
I reposted it too, so I don't know much about it myself.
Source: t.me162