FOMO co-founder says no plans for new token or pump.fun rival

FOMO: FOMO is a social-first crypto trading application designed for mainstream users, enabling real-time visibility into trades, leaderboards, copy trading, and discovery features alongside core execution. Built by veterans from dYdX and other traditional finance and crypto firms, it positions itself as a venue that earns revenue from transaction fees on existing assets rather than creating new ones. In the news, FOMO's co-founder publicly clarified that the project has no plans to launch its own token or compete directly with pump.fun as a meme coin issuance platform. Strategy Focus: FOMO positions itself as a trading venue that collects fees on existing token activity rather than minting or issuing new tokens. Market Positioning: FOMO competes with pump.fun in retail trading flow but deliberately avoids entering the token launchpad space.