Giving away $100 worth of solana:XSTuo1fV7HHMhs4BYiwtrWSLsMCJNrooH2AssWTYZqP in the name of TOKENIZATION to 10 people!
🦾📈
To enter the contest:
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Over the past few weeks, @fomo has been experiencing significant downtime and frequent crashes. This is largely due to the overwhelming influx of thousands of new traders onboarding to the platform daily, which has pushed the app's infrastructure to its limits. While the instability is frustrating, the silver lining is incredibly clear: there is an unprecedented amount of volume flowing into the crypto market right now, and retail investors are the primary driving force behind this massive surge.
🚨 BEWARE OF FOMO APP’S UPDATED TERMS AND CONDITIONS 🚨
I just read through all of FOMO’s updated T&Cs, and some raise serious red flags:
🚩 They can suspend / terminate your account WITHOUT prior notice.
🚩 Your PRIVATE KEY is sent to you UNENCRYPTED via a third party. FOMO states that they are NOT responsible if it’s stolen “in transit to you.”
🚩The terms include mandatory arbitration, a waiver of jury trials, and a waiver of class actions. You are literally agreeing to never sue them if you get drained.
🚩 ZERO security guarantees, as stated: “WE MAKE NO REPRESENTATIONS REGARDING THE SECURITY OR SAFETY OF YOUR DIGITAL ASSETS OR THE SERVICES”.
🚩 They disclaim even DIRECT damages with no liability caps or minimums. The explicit goal is to owe you nothing, even for a total loss.
🚩 They do not guarantee that fees will be disclosed before your transaction.
🚩 They can change the rules whenever they want, and can secretly update the terms without your notice.
If you use @fomo to trade crypto, I would recommend importing your wallet to phantom and just having it there because the fact that fomo has so much traffic buying and selling sometimes fails which might cost you a juuuuicy bag. So yah, if you feel like my advice helps. Follow😉