[00:00] called FOMO. It's a memecoin and coin trading app, but it's got these very cool social elements to it. And overall, it's just it's invigorated trading and
[00:12] and all of the bad stuff/caveats that I found with it. So yeah, down you want to help you navigate the video easier. Also, this is not financial
[00:24] moving in on the crypto and web3 space. Now, when it comes to the details, it's it's on B&B, base, Salana, whatever launchpad it is, you will be able to
[00:39] trade the coins. So, it's very much normie friendly and you don't have to fees, all of that. It's all in one space. Absolutely love it. Now, the user see all the verified coins, trending coins, what what things are trending,
[00:56] graduated, so the newly migrated things that have happened on Pump Fun bags, all it gets fun. You've got the feed. Now, you can see what people are buying and
[01:12] Cade, bought 4K of it. Then, a little bit later, he was up 6 12 grand. And if roundted that. Down here, we can see Remis. Um, he bought some Ralph. So,
[01:27] and he's up 15 grand at the moment. And these are the people that I'm following. they're buying, what they're doing. Another thing that I absolutely love is we click on this one, proof of Eli, average hold up here, 1 day, 16 hours.
[01:43] moving in and holding with conviction. So, Iceman dot uh 19 hours and 54 average of 12 hours. And the other thing as well is it all links through to their
[02:01] everything, which I think is just it's just it's really fun and it's really that Frank's holding. Head to the about section. It's got all the details that
[02:15] account and you can head to the website and it'll take you through to their holding it that you're following. So it's it adds that social aspect. And
[02:29] what the top holders are saying. Meme Inc., he has got almost a quarter of a million dollars worth of Buttcoin. He goes, "Is this good for Bitcoin? One or
[02:41] 10,000 Btcoins equals one Bitcoin." The narrative of this coin is great. I I love the coin. You got a bunch of people adding in all of their different comments, which just adds to that social aspect of it. So, you don't need to go
[02:53] to a Twitter community, a Twitter page, Telegram, all of that. It's within the think there's going to be a memecoin run part two and bring in normies. And then
[03:05] Um, and then you've also got the leaderboard globally. So, 24 hours, what people are up in 24 hours, 7 days, 30 days, all time. You see, Frank is up almost $950,000 all time, which is absolutely nuts. Now,
[03:21] the trading experience is super slick as well. So, we'll head to the trending coins. Um, we might buy some Ralph here. Buy, put in $50 a bite.
[03:33] And there we go. Done. And the charting is super fun for a normal audience. So you can see here you've got the line chart going over the different um time frames. You've also got the live chart. You can also go into candles if you
[03:46] want, but I feel like the line chart is very norm friendly and adds to that slick user interface. But here are some of the caveats. Something that I want to point out is the fees that it takes absolutely heinous like this. Just watch
[04:01] this. So let's go back and let's look at WJack. Let's buy. The minimum buy you can do is a $2 buy. We can see down here fee 95. So you're
[04:14] going for every trade that you're making, you are putting in a dollar. fee of a dollar. So every single trade you enter and exit as a whole, that's $2 gone. So if you're doing $10 trades, you then need to make 20% to break even,
[04:30] which is just absolutely heinous. It's ridiculous. But that's heinous and ridiculous if you're coming from a position of paying a 1% terminal fee or if you're coming from a position of trading on pump fund. Um you've got your
[04:42] gas fees sorted, all of that. And this is where it gets a little deceptive with P&Ls. I've made 30 trades, which means I've used around $60 worth of sort of fees. I actually loaded up this account with $500, which means that I'm actually
[04:56] down closer to 80, not 23. So, this is where it gets a little bit crazy because in the beginning when I was doing some tests, I was doing $10 transactions and when I noticed the fees, that's why. So, you can see here on Pi when I made a
[05:12] loss of 55, it wasn't actually 55. It would have been a loss of $2.55. When I broke even on an SPSC, I didn't break even. I actually lost $2 there. So, every single trade, the trade 21 up a dollar, not up a dollar, I'm
[05:26] actually down a dollar. when you start to look at the total P&L. Now, that's something I don't like, but overall with the interface, how things go between comments will be like, "Oh, but the devs need to do this, or here's how it
[05:40] works." Just from a user perspective, it seems a bit rich, but I'm sure that it's rich for a reason. Now, another thing is because it is within the app, if the app is buggy or glitchy like it's happened here, you might not be able to enter or
[05:54] exit a trade. Now, you can see here I've pulled up a coin to try to sell it and to get back into it, which can make for a frustrating experience. Now, another
[06:06] you can see me Inc., he was loading heavily into gas over and over, just these 10k buys. Boom, boom, boom, boom, boom. You can then follow in on a trade conviction, maybe they know something, and you can follow in. And if you see
[06:21] they've got a very high hold time, you can then go in with borrowed conviction and then hopefully make a play. They bought in this thing ran up and they absolutely printed. What's crazy here and I'll show you this is that every
[06:33] single time I've bought I've sold too like sold too early. I've just haven't made money. So when we have a look at this GSD, get stuff done. I bought in I bought in again averaged down. Woke up at like sort of 2:00 in the morning.
[06:47] What time did I wake up? I woke up at woke up around 2:30 in the morning, sold it, absolutely pumped, would have ended up with a gain. With Autumn, bought it at 250K, it still ran up, would have printed on that with BBY. Bought in,
[07:04] sold, still ran up. With Redwood, bought, sold, it ran up. With every too hesitant, and just exiting positions soon. when there's a good thesis, a good
[07:18] theory, I'm following good people. I'm borrowing some good conviction and then just be that coins were getting hot over the period that I was trading. But, as you can see here, it feels as though every win that I got could have been
[07:32] which is just absolutely insane. So, yeah, I've been speaking to a bunch of together really well. It's a really good move away from that kind of pump and
[07:46] dump really fast memecoin trenches stuff that you see and it's these longer hold conviction plays, people that build a thesis, people that build um positions Twitter, you can see that. And because you're getting notifications on the app,
[07:59] you're good. Now, one thing that I wish the app had, and this I think would just make the experience a little bit more premium, would be take profit and stop loss. Because I'd love to be able to set a sell order at sort of 2x for 50% just
[08:11] to take initials um or sort of sell out at a 50% loss just because I'm closing positions because I'm going to sleep and I'm either missing pumps or I'm just not that's when I'm missing out and then it eventually pumps overall. But overall,
[08:28] that's just me wishing for something coming from a more experienced position of trading and using terminals, using those tools. Um, and I'm not sure how normies would feel about it, but it's an easy I think it'd be an easy update for
[08:41] even though I haven't made crazy 10x gains, even though I'm not sitting on tens of thousands of dollars, I I'm having so much more fun trading this way
[08:54] you're doing. You want to open the app. You get a notification on FOMO. You Twitter. It's almost like when you bored and you've got nothing to do, you end up
[09:08] going to Twitter and just doom scrolling. It's FOMO starting to take some of that attention and it's it's exciting because it's a financialized it's just a game. It's a financialized way that my attention is being taken and
[09:20] um links down below, give it a go. Um but like I said, um it is risky. They do of size. Don't be doing $10 trades. So yeah, hopefully you enjoyed the video.
[09:34] pleasure making this video. Hopefully you enjoyed watching it and look forward to seeing you in the next