TomoChain (TOMO)

Last updated 05/02/2022

Official Website: https://tomochain.com/

What is TomoChain (TOMO)?

TomoChain (TOMO) is a unique project serving with intent to improve the scalability of the Ethereum (ETH) blockchain. Primarily, TomoChain focuses on achieving this by increasing its transaction capacity per second, with the average blocktime being 2 seconds, without compromising its decentralised nature. TomoChain offers a variety of original features to ensure that it’s objectives of speed, privacy, usability, and liquidity are all exceeded in an all-in-one platform. Some of these features include a Security Enhancement through Double Validation and the ability to launch a Decentralised Exchange (DEX) in minutes.

Similar to other projects, TomoChain uses a Proof-of-Stake Voting (PoSV) consensus mechanism in its attempt to ensure instant transaction confirmations, which every Ethereum smart contract that uses their public blockchain will be able to run on. The attributes of their PoSV consensus includes: Double Validation and randomisation to strengthen security and fast confirmation times for finality. Alongside this, Tomochain also offers the TomoZ or Zero Friction protocol that allows token holders to pay transaction fees in a wide variety of tokens of their choice.

The Mainnet Launch in 2018 coincided with the switch to masternodes, which provided TOMO with the capability to be minted. In order to become a Masternode Candidate, token holders must deposit a minimum of 50,000 TOMO. Once participants achieve the status of a Masternode, other token holders will vote to establish the top 150 candidates. If selected to be amongst this group, Masternodes will recieve rewards corresponding to the number of blocks they authorise. The team at Tomochain believe their project and ecosystem offers a unique opportunity for entrepreneurs, enterprises, and institutions to build high-performing, blockchain-feature rich projects that ensure EVM-compatibility.

Team

Long Vuong is a Co-Founder and the current CEO at Tomochain. Vuong is both a passionate and experienced technologist with expertise and a background in the blockchain industry. He has gained valuable skills throughout his career, acting as Project Lead for the original NEM Blockchain in 2014, where he led a team of 5 senior software engineers as well as hundreds of other enthusiasts into creating a currency alternative to Bitcoin. He demonstrates the leadership qualities he has acquired through being the CEO at TomoChain Lab, and is keen to maintain the forward momentum of this project.
Le Ho is a Co-Founder and the current CFO at Tomochain. Ho’s skillset has evoked from working the in Asset Management, Corporate Finance, and Investment Strategy industries. She has gained valuable experience and attributes from firms such as Ho Chi Minh City Securities Corporation, an award winning professional securities brokerage and equities firm in Vietnam, working as a Director in the Investment Banking Division. Such a role has diversified Ho’s capabilities and now allows her to function effectively as the CFO at TomoChain.
Tung Hoang currently remains as the Product Manager at Tomochain. Hoang is an enthusiastic computer programmer with a love for building products. In combination, these factors have allowed him to assist in leading the development of products at Tomochain, some of which include: TomoChain, TomoScan, TomoStats, TomoMaster, TomoWallet and more.
Anh Nguyen is currently Head of Business Operations at Tomochain. Nguyen has currently been working at Tomochain for 4 years, helping shape the path that this project is following. Alongside her work, throughout her education she has consistently proven her capabilities, earning a Bachelor’s degree in Investments with a distinction at Vietnam’s National Economics University. As well as this, she has also achieved a distinction in a Mathematics Diploma taken at the Ha long High School for Gifted Students.

Roadmap

As the roadmap at Tomochain is currently being updated, please find news around the project's future and its developments via their Github page.

Where to store TomoChain

TomoChain is supported by a variety of different wallet providers, one of which includes Ledger. The Ledger Wallet is an example of a Cold Storage wallet, meaning that assets are secured safely offline, and is therefore considered one of the safest wallets available for holding Crypto Assets. Ledger themselves are a highly trusted company with a reputation for supplying millions of users globally with secure, high-quality devices. If you are interested in a Ledger Wallet and would like to know how to set them up, please navigate to our Ledger Wallet Guide which displays further information on this.

Another wallet that provides services for TomoChain is the Trust Wallet. Trust Wallet is a wallet provider available on mobile device and serves over one million active users globally. As well as TomoChain, the Trust Wallet platform can hold a variety of different crypto-assets supporting all the main blockchains within the Ethereum ecosystem, and works with any ERC20, ERC721, and ERC223 token.

Where to Buy & Sell TomoChain

You can Buy & Sell TomoChain (TOMO) by heading over to the Buy Coins page of our website. TomoChain (TOMO) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying TomoChain has never been easier, simply place your order and provide your wallet address. Once your payment arrives, TomoChain will be sent directly to your wallet.

If you choose to Sell TomoChain (TOMO) you can send us the coins and receive a payment to your bank account. Details of the TomoChain price and a valuation can be found on the Sell Coins page.

Resources

Website: https://tomochain.com/

Block Explorer: https://tomoscan.io/

TOMO Documentation: https://docs.tomochain.com/

Twitter: https://twitter.com/TomoChainANN

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.