Interview with FOMO CEO Park Se-yong
Sharing Not Just Trades, but the Reasons Behind Them
Expanding Beyond Memecoins to Tokenized Stocks
No Native Token, IPO Is the Goal
Investors often come to buy a specific coin and leave the platform as soon as the trade is complete. Park Se-yong, chief executive officer of FOMO, sees that as a problem the digital-asset industry still needs to solve. Even when users enter the market with interest, they have limited chances to explore other assets or learn how investment decisions are made. That is why he combined trading with social networking features.
In an interview with Bloomingbit on Oct. 1, Park said users should be able to see not only what others are buying and selling, but also why they made those decisions. He called for a transparent space where users can communicate with one another and better understand the market.
FOMO is a social trading app that lets users trade digital assets across multiple blockchains, monitor other investors' buy and sell activity in real time, and share investment views. It supports seven networks, including Solana, Base, BNB Chain and Robinhood Chain. The app handles the complexity of bridging assets between chains, reducing the hassle of moving funds manually.
Since its public launch in May last year, the app has attracted about 2.7 million users in roughly 17 months. In September, daily spot trading volume ranged from about $250 million to $300 million, while perpetual futures volume was about $10 million. Fee revenue over the past 30 days reached about $31.87 million, or roughly 60% of Pump.fun's level. Total funding, including early-stage investment, has reached $93 million.
Beyond 'Who Bought' to 'Why They Bought'
Park described FOMO less as an exchange and more as a social platform where trading takes place. Instead of building its own trading venue, the company routes orders by connecting users to multiple decentralized liquidity pools and service providers. The structure helps users access assets already tradable on-chain without waiting for listings on centralized exchanges.
The product's edge is that trading and information discovery happen in one place. Users can track other investors' trades in real time and receive alerts. After buying an asset, they can write out their rationale or link related articles and posts on X to explain their thinking. The app also offers a daily digest covering digital assets, the stock market and major economic developments.
Some users who came to buy one token did not know what to do next, Park said. They either kept trading only familiar coins or withdrew all their money. Being able to see what others are doing and discussing gives them a chance to learn the market.
The next step is to deepen discussion among users. FOMO plans to add features that let users comment on investment ideas, ask questions and offer different views. The goal is to move beyond simply copying the highest-return traders and let users examine the reasoning behind an investment call.
Asked whether disclosing other investors' trades and profits could fuel excessive speculation, Park emphasized the importance of education. The priority, he said, is helping users understand what assets exist and why people buy them. Users should be able to decide for themselves what matters to them and make their own decisions.
To support that goal, the company plans to expand its investor education features. Alongside its existing daily market summaries and trade-rationale sharing tools, FOMO plans to add discussion functions that allow users to exchange comments and questions. Users should be able to challenge another person's assumptions or ask why they made a certain call, Park said, adding that those conversations can help people learn the market.
The company is also trying to reduce friction in the trading process. FOMO currently covers network fees, or gas fees, on chains such as Solana. It offsets part of that cost with trading fees, but Park said the immediate goal is not to maximize profit from small investors. He added that costs are harder to control on other blockchains because the company depends on outside service providers.
When users trade on mainstream finance apps, they usually do not think about separate charges that are hard to identify, Park said. Blockchain services should offer an experience closer to traditional apps. Even so, he added, the company aims to keep covering gas fees over time.
From Memecoins to Stocks and RWA
FOMO's next task is to broaden the range of tradable assets. Park said memecoins now account for about 50% of trading on the platform. The company plans to expand into tokenized stocks, real-world assets, major cryptocurrencies and yield products built on stablecoins.
Rather than issuing every product itself, FOMO plans to work with specialist providers. Companies that put assets on-chain would supply the products, while FOMO would connect them to users.
The company wants to work with technology providers that have compliance systems in place and sufficient liquidity, Park said. Its role would be to serve as a distribution channel where users can discover and trade assets from partners tokenizing stocks and real-world assets.
Park said long-term competitiveness will come less from the number of products and more from user relationships. The company wants to build a network where investors can find others focused on areas such as stocks or real-world assets and view their trades and judgment transparently. FOMO's strength, he said, will be a people network centered on finance. Users should be able to find people performing well in the areas they care about.
No Native Token, IPO Is the Goal
Park said the company has no plans to issue its own token. Running both a service and a token at the same time would force an early-stage company to split its focus across two products. Building one product already creates enough work, he said, and managing two at once could be a burden.
Instead, the company plans to pursue an initial public offering over the long term. Park said he wants users to participate in FOMO's growth through shares rather than a token. The company has always aimed to become publicly listed and wants to give users who want to join its growth story that opportunity through the stock market.
On South Korea, Park pointed to the country's high level of investor interest and strong communities. He said FOMO does not yet have concrete plans for a local unit or partnerships in the market. This visit to South Korea was focused less on announcing expansion and more on meeting investors, companies and media outlets to better understand the market.
What stands out in South Korea is the way communities form around specific tokens or projects and share deep conviction, Park said. He wants to better understand what those users experience and where they face friction.
Park did not argue that on-chain trading is essential for every South Korean investor. If users want to trade assets that were previously hard to access, he said, FOMO can help with that process. The first step is understanding what inconveniences users face, and in some cases there may be no problem to solve.
The company's direction is now being shaped by understanding users and their experiences, Park said. Anyone who wants to talk about the market or digital assets is welcome to share their views.