Terms of Use
Last updated 8 September 2026
The short version. We built FOMOSHARK to make following on-chain traders simple. You choose who to follow and when to trade; we provide the tools to carry out your instructions.
The wallet is custodial: the service holds its key and signs for you. Your assets remain yours, and you withdraw through the bot.
There is a 1% service fee on confirmed buys and sells, taken in ETH after confirmation. Gas, venue costs and slippage are additional.
Trading involves risk, including losing everything you commit. Nothing here is financial advice.
- What FOMOSHARK is
- Using FOMOSHARK
- Your wallet
- Withdrawals
- Fees and rewards
- Premium analytics
- Risk
- Traders and listings
- Availability and restrictions
- Liability
- Changes and independence
- Contact
01What FOMOSHARK is
FOMOSHARK is a Telegram bot (@fomosharkbot) that watches public wallets on Robinhood Chain and mirrors their trades into a wallet the service holds for you, according to rules you set. You choose who to follow and when to trade; we provide the tools to carry out your instructions.
02Using FOMOSHARK
You must be at least 18 and legally permitted to use the service where you live, and you must not be subject to sanctions or otherwise barred from using such tools. We do not perform identity checks, and the absence of a check is not permission. By using FOMOSHARK after these terms are made available, you agree to them.
You are responsible for your account security, your settings, your trading decisions and your applicable taxes. Unlawful activity, impersonation and abuse are not permitted.
Review the starter settings before enabling copying. Your instructions authorise the supported trades, token approvals and disclosed fee collection needed to carry them out. Turning copying off does not reverse submitted transactions, close positions, or necessarily disable separately configured exit rules.
03Your wallet
FOMOSHARK provides a custodial trading wallet: the service manages its private key and signs transactions for you. Your assets remain yours, subject to your authorised activity and charges. You can export your private key through the bot at any time, and you are encouraged to keep your own copy of it. Once exported, its safety is your responsibility: anyone who obtains it controls the wallet.
What custody means here. The encryption key sits on the same machine as the database, so anyone with administrative access to that machine, which today means the operator, could in principle derive your wallet key. This runs on personal hardware for a small group, not to the standard of a custodian holding other people's money at scale.
Fund the wallet with an amount you would be relaxed about losing entirely, and do not treat it as storage. Export and withdrawal are always available, so you are never locked in.
04Withdrawals
Withdrawals are available through the bot. New destinations require operator approval and your confirmation. Network conditions, security controls, maintenance or unresolved transactions can delay processing. Contact support if you need help withdrawing or closing your account. No system can guarantee uninterrupted access or complete security.
05Fees and rewards
The service fee is 1% on confirmed buys and sells, including manual position sells and automated exits. Fees are calculated from the recorded USDG trade value and collected in ETH after confirmation. Gas, venue costs and slippage are additional; conversion and rounding can affect the final cost. Failed or simulated trades do not incur this service fee. Deposits, withdrawals and the supported USDG-to-ETH funding conversion have no 1% service fee, though network or venue costs may apply.
Cashback is a share of collected fees, based on recorded trading volume before each trade:
| Volume in USDG | Cashback |
|---|---|
| Below 1,000 | 5% |
| 1,000 to under 10,000 | 10% |
| 10,000 to under 100,000 | 15% |
| 100,000 to under 1,000,000 | 20% |
| 1,000,000 and above | 25% |
Referrals count when a new Telegram account first starts through your link. Existing accounts are not reassigned. Rewards arise only from collected buy fees, not from joins and not from sell fees:
| Referrals | Share of collected buy fees |
|---|---|
| 1 to 9 | 10% |
| 10 to 49 | 15% |
| 50 and above | 20% |
| Approved KOL partners | 30%, rising to 50% at 1,000 referrals |
These percentages apply to fees, not to trade value.
Cashback and referral payouts are manually reviewed and processed, not instant credits. Self-referrals, artificial referral activity and misleading promotions are prohibited. Disputed rewards may be held during review; contact support to challenge an error. Disclose your referral commission when promoting the service. Programme changes apply prospectively and do not cancel legitimately earned rewards.
06Optional Premium analytics
250 Telegram Stars buys 30 days of personal analytics and fee breakdowns. This is a one-time purchase with no automatic renewal. Further purchases extend access. Copying and withdrawals do not require Premium.
For delivery issues or refund review, use /paysupport or email us. We handle
purchase support, not Telegram. Approved refunds return the full Stars payment for the order and
remove that pass's remaining access. If we permanently discontinue paid analytics during your
pass, contact us for a refund of the affected pass. Mandatory consumer and refund rights remain
unaffected.
07Risk
Trading involves risk, including loss of the funds you commit. Prices and execution can differ from the trader you follow; transactions may fail and assets may become unsellable. Settings and automated exits cannot guarantee results. Confirmed blockchain transactions generally cannot be reversed by us.
Nothing we provide is personalised financial advice or a promise of returns. No fiduciary, advisory or brokerage relationship is created by using the bot.
08Traders and listings
Trader mappings and analytics may be incomplete or incorrect. Listings are not verified proof of identity and are not endorsements. Performance figures may exclude gas or unavailable cost basis.
The wallets FOMOSHARK follows belong to independent third parties who have no relationship with FOMOSHARK, have not agreed to be copied, and do not know that you are copying them. Their activity is read from public blockchain data. They may act against your interests and may stop trading at any time.
09Availability and restrictions
We may pause or restrict activity for security, maintenance, misuse or legal requirements. This does not transfer ownership of your funds to us. Contact support for withdrawal assistance or review. Where reasonably practicable, we will give notice of planned closure and help users withdraw.
We do not guarantee uninterrupted service or particular execution speeds.
10Liability
FOMOSHARK is provided as is and as available, with no warranties of any kind, express or implied. To the extent permitted by law, we exclude liability for indirect losses and for losses attributable solely to market movements or to independent third-party actions. Nothing excludes liability for fraud, deliberate misconduct, or obligations that cannot legally be excluded.
11Changes and independence
We communicate material changes through the bot or another appropriate channel. Fee changes apply to future activity, not to completed trades; purchased passes retain their agreed terms.
FOMOSHARK is independent and is not endorsed by Telegram, the FOMO app (fomo.family), Robinhood Markets or Robinhood Chain, X, Uniswap, or any listed trader, token or project. All trademarks belong to their owners.
12Contact
support@fomoshark.com. See also the Privacy Policy.