Why does Fomo choose to denominate user balances in cash rather than Solana or Ethereum?
Replied bySe Yong Park
Co-Founder at Fomo
Niche: Cryptocurrency
Revenue: Approx. 8 Million USD/month
Location: New York, New York, United States
Started: 2025
We denominate balances in cash to make the experience easy for normies who are used to platforms like Robinhood. Additionally, it helps retail users lock in their profits. Volatile denominating currencies like Solana can slide in value and erode a trader's portfolio, even when their underlying on-chain trades are performing well.
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