Fomo Token — an EOS token, designed to increase circulation by gamification through a FOMO faucet. Moreover, to reduce the print runs through the burned transfer fee of 1%. You can make FOMO only by registering on the platform. Each EOS account can require the token once a day, introducing new FOMOs into circulation.
Contents:
Short description of the Fomo Token project
When someone wants to get FOMO, it always notices into blockchain. For every 1 million applications, half of the remuneration comes out. Each time, the FOMO transmit, the platform destroy 1% of the transaction. To add, the FOMO doesn’t have decimal places. So, any remaining percentage is rounded to 1 and additionally destroyed.
In conclusion, the Fomo Token works on these platforms:
- dFuse;
- EOS;
- Scatter.
At the moment, there is no White Paper document on the platform. However, the developers promise to release it soon. You can find out project news in a telegram channel. Furthermore, there is no information on the availability of audit of the smart contract.
Why is it worth using this resource?
In fact, the FOMO uses the same gameplay, that encouraged users to earn bitcoins through a lossless mining. The mechanism of reward and half-division is encoded into the FOMO smart contract and runs on the EOS blockchain. Moreover, developers believe that tokens, issued by a company/individual and then placed on a list, violate an applicable security laws. Therefore, they’re facing closure.
Since FOMO runs on the free EOS blockchain, the developers included a fixed transfer fee - 1%. It’s encoded in a smart contract and is charged every time you send FOMO.