some traders have mentioned they are being offered large piles of cash to leave fomo & trade on another app for 3 months.
our response is and always will be that we will never pay anyone to trade on our app.
the entire fomo network has been built organically. we feel that the only way we can build a long term social platform for finance is for it to be organic.
every social platform allows for better experiences as a user grows. we must allow for the same and do things that scale the social graph.
i.e. attribution, monetization, etc. are problems we MUST solve in order to achieve this goal.
we have lots of exciting things to launch that will allow top users grow with the platform as they bring balue.
on the flip side, we’re also grateful to have helped build a social network where the top users can command such high markets. there are some ppl i speak to where i suggest taking the deal if its something thatll help their life. i am never someone to get in the way of someone and their business.
the value of todays top users on fomo is already so high, and we only expect that to grow. traders are the next celebrities and they will be the biggest celebrities among the current & future generations to come. we hope fomo can steward in that future.
today, people use fomo because it is the best product and because we treat people with respect and transparency. those are the only two things that matter to us.
with scale comes problems to solve. we are committed to making this the best trading product in the world. every waking hour is spent towards working to this goal (including this one).
as always, my dm’s are always open for feedback, issues, and ideas.
@Dogetoshi There was a time when I asked their customer service chat where the funding came from, pretending that I am the end receiver, and they straight up told me.
Hoping Ostrium is able to trace it.
The 01 team will be joining N1 to build together.
When I first started building on N1, the idea was to build a killer application that validates the infrastructure and the blockchain it’s built on. I’m excited for my team to build directly with N1 without the coordination tax of two teams trying to deliver on what has always been the same vision.
01 continues trading on https://t.co/6MCLvUIaNt and the roadmap only gets more ambitious from here.
N1 is acquiring @01Exchange.
What this means:
- N1 now owns the full trading stack
- Key members of the 01 team are joining N1
- 01 points will be all recognized on N1
- N1 2.0 upgrade is launching soon
More details below.
We're excited to announce a $4M Seed round led by @GameChangersVC, with support from incredible investors including @scooterbraun, @GuyOseary, @stellation, @SignalFire, @MaCVentureCap, and others.
A few years ago, while hosting community events and testing early products, my co-founders @WeilynChong, @NathanAhn, and I noticed a consistent pattern.
After every event, people asked the same questions:
Where are the photos? Who captured that moment? How do I reconnect with the people I met?
https://t.co/hxhuPkNM3O
Today @MeckaAI is announcing $60M in funding to become the data and deployment layer for physical AI
This raise will allow us to scale our data infrastructure, invest into new verticals, and deploy robots into the real world