For the last few years, the idea of a dApp or Decentralized Application has become very hot throughout the internet. But although many people are talking about them, not everyone knows what they are, why they exist, and why they’re so valuable and hold such potential.
A dApp refers to a blockchain-based application that works on a decentralized network and is given access to all of the features of said network. Decentralized applications typically don’t have a central point of failure and will always remain with an open source code that works with a decentralized consensus mechanism.
In other words, these dApps are immune to hackers, pesky individuals looking to pry in to them, companies and corporations, or governments. This is because dApps are, as you guessed, decentralized and don’t have a central authority that runs them. They exist everywhere and nowhere at the same time and they are accessed all over the world and protected by the fail-safe, impenetrable blockchain technology that makes them seemingly impossible to break into.
More recently, a new trend has emerged in the crypt sphere and this is something called ROI dApps. What is an ROI dApp? It’s quite simple: it’s a type of decentralized application that ensures users get a return on investment. This return on investment, or ROI, can be withdrawn literally at any time from the smart contract. Because of the ease of use and the quick nature of these apps, ROI dApps have become much more popular lately.
And one of those ROI dApps is called Fantom FOMO. Not only is it popular, it’s wildly popular.
It is a hybrid ROI dApp that is created with the Fantom network. The people who created Fantom FOMO selected that special network to run their app because it has a large audience and also provides a cheaper transaction fee for anyone using it. Oftentimes, ROI dApps are high-risk investments. In other words, you have to put in a lot of money in order to receive any back. Doesn’t that mean that the return on a return on investment dApp isn’t worth it? Yes, sometimes it’s not. That’s not the case with Fantom FOMO however.
Fantom FOMO has been created by a team of experts with the sole purpose of ensuring that those investing get financial freedom and security with little hassle. No matter how the economy is doing, those invested in Fantom FOMO are promised that they will not have to face huge transaction fees and will be given access to a network that works quickly and efficiently.
There is a reason why Fantom FOMO has become one of the most sought-after dApps on the market right now. Because of its ease of use and its incredible features, it really does feel like the future of decentralized applications.
What is Fantom FOMO Token?
Like many dApps on the crypto market, Fantom FOMO also has a token that can be purchased by those looking to invest in the technology and promise behind this system.
When you buy into the FOMO token, you will then be part of the crypto marketplace and will watch the value of the token rise or fall based on the conditions of the market. This can be a tricky situation to put yourself in and it can sometimes be stressful – or very rewarding – depending on the crypto market.
Why purchase a Fantom FOMO token? You should think of spending your money on a token as a way to be part of Fantom FOMO’s board of directors. When you buy your token, you are given the power to dictate the future of the technology, and you will have a stake in it. Therefore, if more people adopt Fantom FOMO and invest in and use the dApp, the value or your token will go up, lining your pocketbook and allowing you to cash out at one point and turn a sizable profit.
How Fantom FOMO Works?
When you think of Fantom FOMO, it is important that you always remember that it is a type of technology that provides ease, speed, and safety. When you think of it in those terms, you can see why so many people flock to this brand new type of blockchain technology.
As with other dApps, there are computers related to Fantom FOMO that perform the same functions as a typical server, but they don’t all conform to the same person or organization. Rather, the burden is distributed across users’ computers and anybody else who renders their machines available.
Every individual who engages in a peer-to-peer system also contributes. For example, BitTorrent allows you to share information with other users as well as download files for your own usage. Despite being a decentralized program, BitTorrent isn’t usually regarded as a dApp in the current sense.
When the word “dApps” is used, it often refers to programs that run on the blockchain’s computing capacity.
However, Fantom FOMO – and truly all dApps – are special because of their inner workings that include a cryptographic token that powers it, public records, data, and information, and an open source build that isn’t controlled by a single person, company, or group.
Pros/Cons
Perhaps the biggest benefit of using Fantom FOMO is that it takes away the power from big tech and centralized companies and groups of people. Decentralized apps such as Fantom FOMO doesn’t allow anyone to gain too much power and control over others.
When your data is kept in just one place, it means that it is at risk of going down or being hacked or stolen. All of your information can go away or be left in the hands of thieves with a centralized application.
That’s not the case with Fantom FOMO. Being a dApp, it eliminates this issue because the information and data is not kept in just one place but spread across a vast, powerful, safe network.
Since Fantom FOMO uses blockchain to function, it easily allows the integration of cryptocurrency transactions directly into the app. That means that payments for services are possible via Fantom FOMO.
There are plenty of other features that are attractive to people thinking about investing in and trying out Fantom FOMO.
For example, investors are able to deposit any amount above 5 FTM because there is no maximum capped amount for Fantom users. Additionally, there is only a 10-15% withdrawal fee, which is then re-invested into the contract to sustain it and keep it going.
Since Fantom FOMO is an ROI dApp, an actual return on investment is important, right? Thankfully, Fantom provides that. Investors can get up to 112% to 292% return on investment in 14 or 28 days. That’s about 8% to 20% daily. However, if users decide to not withdraw everyday, they will get a bonus: a hold bonus. This means that you will get more profit when you are an investor who holds out and doesn’t withdraw.
The hold bonus rounds up to about .1% per day, with a max of 1.5%.
How about a referral bonus? That is yet another benefit of investing in Fantom FOMO. When you refer someone to Fantom FOMO, you are automatically sent a referral bonus, which will be delivered directly into your wallet.
Another pro of using Fantom FOMO is the functional calculator that easily allows anyone invested to calculate the profits they are acquiring.
While there are many reasons to use Fantom FOMO, there are also downsides to using Fantom FOMO or other decentralized applications.
For example, a dApp like Fantom FOMO is only as strong as its user base. If there aren’t many people using Fantom FOMO, it will lose its power and not attract anyone else. Of course, if many people sign on and want to use Fantom FOMO, it will be even more powerful and capable and attractive to others.
The more people using Fantom FOMO, the faster it functions and the better it works. It is the lifeblood that keeps the technology alive. Therefore, if less people are using Fantom FOMO, it won’t work as quickly and will come across as laggy and sluggish and unattractive for newcomers.
How To Use Fantom FOMO
If you want to use Fantom FOMO, you will need to make sure you have either Metmask or the Trustwallet application.
Once you are sure that you have either of those, you can begin your investment journey by going to fantomfomo.app and go through the following steps.
You will need to decide how much you want to invest in Fantom FOMO. You should definitely spend some time studying the market and the value of the Fantom FOMO token before you take the plunge and invest.
Once you have figured out just how much you want to invest, you need to check to see if the amount you have settled on is sufficient which is inclusive of the gas fee. You can use the Fantom FOMO profit calculator to get a very accurate idea of the ROI you will get at the end of your investment.
When you are ready to invest and the funds are prepared and ready to be used, you simply have to click on the “invest” button on the website and then the deposit process will begin. That’s it, you will then officially be a Fantom FOMO investor.
Team, Investors and Partners
Fantom was created by a team of blockchain experts and developers who are intent on providing the sort of technology that is decentralized, safe, and secure at all times. It is the sort of technology that combines both scalability as well as strong security too.
The development team consists of people such as CEO/CIO Michael Kong, CTO Quan Nguyen, Director David Richardson, Director of Asia Operations Samuel Harcourt, CMO Simone Pomposi, Legal Counsel Fred Pucci, and more.
The team behind Fantom have long been dedicated to creating a more democratic, fair, and fast blockchain infrastructure. They have compiled a collection of scientists, engineers, designers, and researchers who have the same vision and are striving for the same goals. And just like Fantom FOMO and other decentralized apps, the creators of Fantom are located all over the globe but come together for a common cause.
Those who invest in and use Fantom FOMO are also located all across Earth and have a shared desire to see more decentralized applications and blockchain technology thrive and become safer and more commonly used.
Since it was first created, Fantom FOMO has become one of the most popular dApps on the market because of its efficiency and speed and safety. This is a very helpful facet for Fantom FOMO and allows it to function faster and better. The more people using Fantom FOMO, the stronger the network behind it and the better it works.
Conclusion
There are many reasons why you should look into investing in Fantom FOMO. For the uninitiated, it may seem like just any other decentralized application that can be found in the crypto industry. However, that isn’t the case.
There is so much to like about Fantom, so many things that make it better than most other dApps in the marketplace. The profit calculator, for example, is an attractive feature. The fact that it allows immediate withdrawals is yet another. The automatic referral rewards is another reason why people are flocking to Fantom FOMO.
Above everything else though, the fact that Fantom FOMO is a ROI dApp is what should draw the most attention. The promise of a real, tangible, easy to access return on investment that can be withdrawn at any time is really what sets it apart from so many other decentralized apps.
At the end of the day, Fantom FOMO works safely, securely, and quickly like other decentralized applications that are out there. But when you add in the other bonus features that we have touched upon, you see that it brings something special, different, and new to the table. It was created by a team of experts who understand what the marketplace was missing and what the next evolution of dApps could be.
Fantom FOMO Official Links
- Official Website: https://fantom.foundation/
- Fantom DeFi App: https://pwawallet.fantom.network/#/
- Medium: https://medium.com/fantomfoundation
- LinkedIn: https://www.linkedin.com/company/fantom-foundation/
- Discord: https://discord.com/invite/zS4Ek4WByA/
- Reddit: https://www.reddit.com/r/FantomFoundation/
- Twitter: https://twitter.com/FantomFDN
- Telegram
- Announcements: https://t.me/fantomfoundation
- Primary General Chat: https://t.me/Fantom_English
John S. Logan has been working with cryptocurrency for nearly as long as it has been available on the market. With a professional background in the finance industry, he believes that blockchain technology, cryptocurrency, and decentralized finance play an important role in the future of the world.
