Tomocoin

Summary

Conclusively, 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.