FOMO App — new Farming Programs and PRO Features

Hello, everyone!

We are finally ready to announce the update everyone has been waiting for — PRO features and new staking programs.

Pro features

Starting from today, we are launching the freemium model of usage for fomoapp.io. You will be able to use the app, but you will need to connect your wallet and hold at least 3 $PAPER tokens on your balance to see the full list of available pairs and upcoming IDOs.

This step will help us to enable the inflationary model for $PAPER and decrease the circulating supply on the market.

For now, PRO features will affect such functions as the Gems list and the IDOs page.

Staking

We are delighted to introduce new staking pools — PAPER and PAPER/ETH without token locks: https://fomoapp.io/farm

500 $PAPER tokens will be distributed in 30 days among those who stake their $PAPER and $PAPER/ETH LP tokens. The $PAPER pool will have a yield of 25% and the yield of $ PAPER/ETH will be 75%.

There is also a vesting schedule for reward withdrawals to prevent large stake farmers from dumping the price.

$PAPER Staking
Stake $PAPER tokens and earn more $PAPER!

There are no locks on your deposit in this program, but there is a vesting schedule for rewards:

  1. The withdrawal of awards is not available to you for the first 2 weeks;
  2. You can withdraw 25% of the rewards earned in the interval from 2 to 4 weeks;
  3. You can withdraw 50% of the rewards earned in the interval from 4 to 6 weeks;
  4. You can withdraw 75% of the rewards earned in the interval from 6 to 8 weeks;
  5. You will be able to withdraw all available rewards after the 8th week.

You will lose all of the accumulated rewards when you withdraw your deposit. The claimable portion of the rewards will be claimed automatically.

If you stake more $PAPER, your claimable rewards will be claimed automatically and the vesting period will be reset.

$PAPER/ETH Staking
Stake $PAPER/ETH UNI V2 LP tokens and earn $PAPER!

There are no locks on your deposit in this program, but there is a vesting schedule for rewards:

  1. For the first 2 weeks, the withdrawal of awards is not available to you;
  2. You can withdraw 25% of the rewards earned in the interval from 2 to 4 weeks;
  3. You can withdraw 50% of the rewards earned in the interval from 4 to 6 weeks;
  4. You can withdraw 75% of the rewards earned in the interval from 6 to 8 weeks;
  5. You will be able to withdraw all available rewards after the 8th week.

You will lose all of the accumulated rewards when you withdraw your deposit. The claimable portion of the rewards will be claimed automatically.

If you stake more LP tokens, your claimable rewards will be claimed automatically and the vesting period will be reset.

Roadmap

There have been many questions recently regarding the Fomo App’s development roadmap. Numerous features are currently under development and here are our plans for the near future:

In May, we are planning to release:

  1. Integrate the app with Pancakeswap v2 and Uniswap v3;
  2. Introduce back-end optimizations for the app to make it work faster and provide a smoother user experience;
  3. Improve fomo rating;
  4. Activate fomo rating on the Pancakeswap and all Uniswap pairs;
  5. Add the list of the favorites pairs for users;
  6. Instant listings.

In June:

  1. First version of the Portfolio, where users can track all their purchases and ROI on both Pancakeswap and Uniswap;
  2. More advanced monetization mechanism;
  3. More advanced token price analysis. Something like a heat map for the token, which helps users understand whether it is a good time to jump in/out or not.

In global terms, we are building a one-stop solution for DeFi traders, where they can:

  1. Track their portfolios and trade on different DEXs;
  2. Quickly analyze any token or pair (TA, FA, SA) and make a proper decision about potential investments;
  3. Check predictions regarding which token is about to grow/fall according to the data we have compiled;
  4. Explore trending coins or coins with potential.

The list of the features is variable, because the crypto and DeFi markets are changing and developing rapidly in recent times, so we always have to adjust to the circumstances.

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