# FAQ

<details>

<summary>What is FOMO?</summary>

[FOMO](/readme.md) is a data-powered perpetuals trading app that helps you make clearer decisions, not just faster trades.&#x20;

It runs on a three-layer stack: a calm, friendly interface, a real-time analytics core called Smart Sentiment, and a non-custodial markets layer connected to leading DEXs, starting with Hyperliquid.&#x20;

> We only win when you win.

The idea is simple: cut the noise, surface real conviction, and keep your funds and flow under your control.&#x20;

</details>

<details>

<summary>What is Smart Sentiment?</summary>

[Smart Sentiment](/smart-sentiment.md) is FOMO’s Data Layer that tracks and interprets the real behavior of consistently profitable traders on integrated DEXs, starting with Hyperliquid. It identifies traders who have proven stable profitability over time — the Smart Traders — and aggregates their activity into clear directional signals.

These signals help reveal where experienced traders are positioning — **LONG**, **SHORT**, or **NEUTRAL** — and how their bias evolves over 24 hours. The feature filters out bots and market-maker inventory flow, focusing only on patterns that reflect genuine conviction and performance.

</details>

<details>

<summary>I farmed DPS and played the mini-games — where did my points go?</summary>

Nothing was lost. Your DPS were snapshotted and converted into <img src="/files/rnRsIJxyNeeeujbgkTSZ" alt="" data-size="line"> [FOMO<sub>frozen</sub>](/rewards-system/fomo.md) — your frozen <img src="/files/QFnrsFmpSV1Hz4Wq6T2M" alt="" data-size="line"> [FOMO](/rewards-system/fomo.md) starting stack.

The conversion considered your total DPS, activity in mini-games and quests, and the balance between gameplay and referral points.&#x20;

Accounts flagged for bot-like or manipulative behavior were adjusted to ensure that real players keep their fair advantage.&#x20;

You’ll see your <img src="/files/rnRsIJxyNeeeujbgkTSZ" alt="" data-size="line"> balance in-app — that’s your head start for the trading stage.

</details>

<details>

<summary>What is <img src="/files/rnRsIJxyNeeeujbgkTSZ" alt="" data-size="line"> FOMO<sub>frozen</sub> and why does it matter?</summary>

<img src="/files/rnRsIJxyNeeeujbgkTSZ" alt="" data-size="line"> [FOMO<sub>frozen</sub>](/rewards-system/fomo.md) represents the frozen allocation of <img src="/files/xnlJXZ47bey0RfpxylHF" alt="" data-size="line"> FOMO earned before the launch of trading.

Over 90% of all <img src="/files/rnRsIJxyNeeeujbgkTSZ" alt="" data-size="line"> has already been distributed to early participants who farmed DPS and supported FOMO from the start. The remaining share is reserved for upcoming community campaigns, loyalty programs, and exclusive events designed for long-term active traders.

For every $1 of trading volume, 1 <img src="/files/rnRsIJxyNeeeujbgkTSZ" alt="" data-size="line"> unlocks and converts into 1 <img src="/files/xnlJXZ47bey0RfpxylHF" alt="" data-size="line">, making it one of the most efficient mechanisms for expanding the active balance compared with standard level-based farming.

{% hint style="success" %}
During Closed Beta, select cohorts benefit from a boosted conversion ratio — each 1 <img src="/files/xnlJXZ47bey0RfpxylHF" alt="" data-size="line"> unlocked converts into 1.5–2 <img src="/files/rnRsIJxyNeeeujbgkTSZ" alt="" data-size="line">, depending on the stage. It gives early testers a real edge for helping shape FOMO’s early ecosystem.
{% endhint %}

To maintain balance, a daily unfreeze cap of 10% applies to the initial frozen stack. The limit resets every 24 hours and ensures that progress is tied to consistent activity rather than short-term bursts.

</details>

<details>

<summary>What is <img src="/files/QFnrsFmpSV1Hz4Wq6T2M" alt="" data-size="line"> FOMO and how is it different from <img src="/files/rnRsIJxyNeeeujbgkTSZ" alt="" data-size="line"> FOMO<sub>frozen</sub>?</summary>

<img src="/files/QFnrsFmpSV1Hz4Wq6T2M" alt="" data-size="line"> [FOMO](/rewards-system/fomo.md) is the active rewards balance that primarily grows through trading activity, with additional gains from events and future quests. It drives level progression and defines how much can be earned from trading over time.

<img src="/files/rnRsIJxyNeeeujbgkTSZ" alt="" data-size="line"> [FOMO<sub>frozen</sub>](/rewards-system/fomo.md), by contrast, represents the allocation that holds value only when unlocked through trading. Each unlocked portion instantly converts into <img src="/files/QFnrsFmpSV1Hz4Wq6T2M" alt="" data-size="line"> FOMO and becomes part of the active balance.

</details>

<details>

<summary>Can <img src="/files/QFnrsFmpSV1Hz4Wq6T2M" alt="" data-size="line"> FOMO or <img src="/files/rnRsIJxyNeeeujbgkTSZ" alt="" data-size="line"> FOMO<sub>frozen</sub> be transferred?</summary>

Neither <img src="/files/QFnrsFmpSV1Hz4Wq6T2M" alt="" data-size="line"> FOMO nor <img src="/files/rnRsIJxyNeeeujbgkTSZ" alt="" data-size="line"> FOMO<sub>frozen</sub> can be transferred or traded directly.

They’re tied to each user’s account and function exclusively through in-app activity — trading, quests, and future campaigns.

</details>

<details>

<summary>How does levels work?</summary>

[Levels](/rewards-system/quickstart.md) in FOMO is based on the total amount of <img src="/files/QFnrsFmpSV1Hz4Wq6T2M" alt="" data-size="line"> FOMO earned through trading.&#x20;

Each level grants a permanent farming multiplier, increasing how much <img src="/files/QFnrsFmpSV1Hz4Wq6T2M" alt="" data-size="line"> is generated per $1 of volume, and a higher share of [Volume Rewards](/rewards-system/volume-rewards.md), effectively reducing the trading cost over time.

</details>

<details>

<summary>What are Volume Rewards?</summary>

[Volume Rewards](/rewards-system/volume-rewards.md) return part of FOMO’s net fees to active traders. The reward percentage scales with level — from 5% at <img src="/files/ZGP4JplhffzkkvKa00SN" alt="" data-size="line"> **Egg** up to 25% at <img src="/files/AddpcUcVdUQugxKnJXef" alt="" data-size="line"> **Trader Rex** — turning consistent trading activity into a direct earning mechanism.

This structure creates a clear feedback loop: higher activity generates more <img src="/files/QFnrsFmpSV1Hz4Wq6T2M" alt="" data-size="line"> FOMO, which unlocks new levels, and each level further increases the share of $-rewards while lowering the effective trading cost.

</details>

<details>

<summary>How to deposit and withdraw funds?</summary>

[Deposits](/trading/deposit-and-withdraw.md) and [withdrawals](/trading/deposit-and-withdraw.md) in FOMO are fully non-custodial and handled directly on-chain. Funds remain under your control at all times — FOMO connects to integrated DEXs (currently Hyperliquid) through the markets layer without ever taking custody.

You can deposit via supported networks such as Arbitrum, Ethereum, Solana, Base, and BNB Smart Chain.&#x20;

Arbitrum USDC is recommended for the lowest fees and fastest confirmations. Withdrawals are processed exclusively through Arbitrum with a fixed network fee per transaction.

</details>

<details>

<summary>How to open or close a position?</summary>

[Positions](/trading/open-and-close-positions.md) can be opened from the **“Trade”** tab or directly from any token page under **“Insights.”**

In Lite Mode, all orders execute instantly at market price for simplicity. In **Pro Mode**, you can set limit orders, adjust leverage, and define TP/SL levels before confirming.

</details>

<details>

<summary>What’s the difference between Lite and Pro Modes?</summary>

Use [Lite Mode](/trading/editor.md) for quick, mobile-first trading — clean interface, instant execution, and minimal setup. Switch to [Pro Mode](/trading/editor.md) for full control: limit orders, adjustable leverage, advanced metrics, and in-chart TP/SL management.

</details>

<details>

<summary>What are the benefits of joining Closed Beta?</summary>

Closed Beta participants get early access to the full FOMO trading ecosystem — including the Smart Community, Welcome Room, core app features, and upcoming campaigns.

Each participant’s starting level is calculated based on the amount of <img src="/files/rnRsIJxyNeeeujbgkTSZ" alt="" data-size="line"> FOMO<sub>frozen</sub> received. The distribution of <img src="/files/rnRsIJxyNeeeujbgkTSZ" alt="" data-size="line"> FOMO<sub>frozen</sub> is itself a key advantage: over 90% of the total supply is allocated to Closed Beta participants — the early DPS farmers who helped shape FOMO’s foundation.

In addition, all Closed Beta members receive a boosted <img src="/files/rnRsIJxyNeeeujbgkTSZ" alt="" data-size="line"> FOMO<sub>frozen</sub> conversion rate, which varies by cohort — from 1:1.5 up to 1:2 <img src="/files/QFnrsFmpSV1Hz4Wq6T2M" alt="" data-size="line"> FOMO.

</details>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.onfomo.com/faq.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.