An on-chain ETF of the coins FOMO’s best traders hold most. Every trade of it fills the vault; hand it back any time for your slice of the coins.
The basket, right now
Every FOMO100 is a slice of a vault holding the ten coins FOMO’s top 150 agree on most, bought with the tax every trade of it pays. Open the app to buy it, hand it back, or watch the vault fill.
10 coins, bought and rebalanced inside limits written in the contract.
FOMO ranks its traders and shows what they hold. FOMO100 turns that into an ETF: one token, traded on pons, backed by a vault that holds the coins the top of the leaderboard agree on. Hand it back any time for your slice.
What it is
FOMO100 works the way an index ETF does, down to redeeming in kind. What it leaves out is everyone you would have had to trust.
Every FOMO100 is a claim on the same slice of every coin the vault holds.
The coins the top 150 hold most, one trader one vote, not a manager’s taste.
Hand FOMO100 back and take your part of the coins themselves, whenever you like.
Trading it pays a 2% tax into the vault; holding it costs nothing.
A contract holds the coins, and no function in it sends them anywhere but to a holder.
No market hours, no account, no broker between you and the basket.
Handing back in kind cannot be paused, not even by the owner.
Every trade’s tax goes into the vault and raises what each FOMO100 is backed by.
For every coin FOMO’s top traders hold, the keeper counts how many of them hold it. One trader, one vote: a whale counts once, and the ten most agreed on take the seats.
Not a promise on a chart. Any FOMO100 can be handed to the vault for its share of every coin in it and of its ETH, and this is what a million of them hands back right now.
FOMO100 trades on pons. Every buy and every sell pays a 2% creator tax, and the vault is the creator: the keeper turns what comes in into the coins, on each coin’s own Uniswap pool.
Sell FOMO100 on pons, or hand it to the vault for the coins themselves. The second way touches no pool and costs nothing.
The price the contract trades on is sampled by whoever calls for it. No feed to trust, no keeper in the way.
The numbers an owner could touch have limits written into the contract. Your coins are not among them.
A rebalance can only swap coins for ETH and back, inside the contract. The only way anything goes out is a holder handing FOMO100 back.
The contract samples each pool itself, five minutes apart, and trades only while the pool sits near the median of its last three. A pumped pool is not traded on.
A coin is announced on chain and then waits. Not a wei of it can be bought before the wait is over, so anyone who dislikes it leaves first.
The most of the vault that can be sold, and the most that can be bought, in twenty-four hours. A bad keeper is slow, and slow is visible.
The app is on its way to the App Store and Google Play: the price, the vault and your FOMO100, a tap to buy or hand back, and a nudge when the basket changes.
Every coin in the vault is a real position in a real pool, held by a contract that cannot spend it anywhere else. Buy FOMO100, or hand it back for the coins.