TomoChain is an innovative solution to the scalability problem with the Ethereum blockchain in particular, and with all current blockchain network in general. TomoChain plans to support horizontal scaling via adding more second layer blockchains with good performance integrated with Ethereum network for backup and atomic cross-chain transfer. TomoChain is envisioned to be a network of chains that supports instant confirmation, near zero transaction fee, and smart contracts which will be an ideal solution for decentralized apps, token issuances and token integrations for small and big businesses alike. TomoCoin will be the protocol token that govern and regulate this infrastructure. TomoChain will be a critical part of the alternative financial system based on Internet and blockchain technology which is more secure, transparent, efficient, inclusive and equitable than the traditional regime.
The Tomo application will be the first consumer application utilizing TomoChain blockchain infrastructure. Tomo application aims to build a new decentralized social network with a built-in cryptocurrency. In this social network, each contributor role is highlighted and rewarded; user privacy is respected and micropayments are easy, cheap and fast. Tomo application approaches this goal by focusing on building a Q&A social site in which a network of contributors are answering questions and creating valuable content. All Q&A contents are publically available to create a public library of instructional videos and answers. It is planned that TomoCoin will be the native currency within Tomo application.
A big part of TomoCoin will be used in a Reward Engine/ Ecosystem Building program as a reward for developers and early contributors. With the Reward Engine, Tomo application users will have a built-in economic incentive to create valuable content that will help “bootstrap” the social network’s knowledge base until a network effect kicks in. At the same time, TomoCoin will gain a fundamental value by being the native crypto-currency of the social network. Each Tomo application account will integrate a coin wallet and will use this credit for financial transactions within the application. The Ecosystem Building program for TomoChain will help to create a diverse set of d-apps and token community utilizing the technology and supporting the development of the infrastructure for the long term.
Blockchain infrastructure for the Internet of Value, Tomochain. TomoCoin is the protocol token to govern and regulate Tomochain infrastructure. TomoChain is a solution to the scalability problem with the Ethereum blockchain. TomoChain plans to support horizontal scaling via adding more second layer blockchains integrated with Ethereum for backup and atomic cross-chain transfer. TomoChain is envisioned to be a network of chains that supports instant confirmation, and near zero transaction fee which will be a solution for decentralized apps, token issuances and token integrations for small and big businesses. Moreover, TomoCoin is also the native currency within the first project utilizing TomoChain; the decentralized Q&A social network TomoApp.
Attention. There is a risk that unverified members are not actually members of the team
$73 379 341
$8 500 000
$5 270 005
$12 945 753
SummaryConclusively, Tomocoin is one of the best ICOs when it comes to scaling. If Tomocoin can bring their app users to their own privatized app, they’ll have a better chance for them to grow. We expect a medium level of growth with Tomocoin.Positives Wallet Management: Tomocoin allows users to manage Tomocoin, Ethereum, and 20 other cryptocurrencies. As they continue to develop, the company will allow for more cryptocurrencies to be managed on their platform. Cross Chain Scaling: Any business that wants to create a product on Ethereum can experience the benefits of faster speeds and a more reliable system. MVP Included: Tomocoin has already created a demowallet and a testnet. This is better than most competitors as they actually have a functional product that interested investors can use. Negatives Competition: As another smart contract based platform enters the network, Tomocoin faces stiff competition with not only other rival ICOs but with the Ethereum network itself. App Integration: Tomocoin’s app has over 10,000 downloads, but is lower than their promised 50 million users in their whitepaper. It will take time for Tomocoin to create a dapp and have users partake in its platform.
The Tomocoin ICO offers one solution for scaling that is novel in its approach. The team have demonstrated their capacity to deliver with alpha versions of all three products. On the flipside, the scaling race is underway and it is anyone’s guess who will come out on top, or how much room there will be for coexistence. If Tomocoin can fix their sites on high-throughput use cases early on (like payments), they will have a better chance at gaining a base from which to grow. We’ll be placing a medium bet on the Tomocoin ICO.
If I had been given a Dollar for every blockchain concept seeking funding from an ICO I have come across then I would start to get very rich, and that is of course exactly what TomoCoin is hoping to achieve through their very own initial coin offering, and alas it is one that does not appeal to me personally. However, I do know and understand that quite a lot of potential investors do tend to get quite excited when they come cross another type of blockchain concept being launched, and as such TomoCoin may be something you are interested in investing in. There is no getting away from the fact that cryptocurrencies or all types are certainly going to be here for the long term, but ask yourself just what makes TomoCoin unique and whether you truly feel that it is going to be very warmly embraced by the cryptocurrency using community. If you do think the people leading the team at TomoCoin do have the required skill and experience and you feel their whitepaper and roadmap is going to be easily achievable then it may just be an initial coin offering to consider taking part in, but just be aware of the risks in investing in such concepts, for there is no getting away from the simple fact that there are lots of similar ones available.
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