TomoCoin TOMO All information about TomoCoin ICO Token Sale
It is a
well-known fact that Ethereum’s PoW algorithm, while making the network secure
and fair, struggles to process transaction throughputs greater than 25 txps. Vitalik Buterin, the creator of Ethereum, has been working on fixing this
problem; solutions like the upcoming Casper protocol, Plasma, and Raiden
Network are just some of the in-house developed ones. This is an excellent opportunity to exploit the many exciting stuff at Tomocoin anytime and anywhere. The forces of the market demand and supply determine the Tomocoin prices.
- They are committed to building a community, decentralizing governance, upgrading infrastructure, and establishing ICO platform on Tomochain.
- TomoChain team is developing a solution that will allow to resolve the Ethereum blockchain scalability problem, i.e. they are planning to support horizontal scaling by adding more second layer blockchains.
- Another 40% will go to the reward engine, and the final 20% goes to the team, advisors, and bounties.
- TomoChain blockchain (mainnet launched in December of 2018) operates on a system of 150 masternodes supporting an algorithm called Proof-of-Stake Voting (POSV).
That recovery has also come without TOMO being listed on any of the top exchanges other than KuCoin. Tomochain has a pretty comprehensive roadmap page that gives their users a running update on the progress of particular development milestones. Indeed, this is more activity than I have seen on most other projects which are at a similar stage in their development. Perhaps this rapid pace of development will make sense when viewed in context of the broader project roadmap.
Sponsored Crypto Projects
Another 40% will go to the reward engine, and the final 20% goes to the team, advisors, and bounties. Meanwhile, 50% of the token sale funds will go to the product and engineering, 30% will go to marketing and the community, 10% to administration and legal costs, and the last 10% will go into reserves. Its refreshing to see such an amazing project at ICO which already has a testnet, beta wallet and app, whilst not asking for a large amount of investment.
The Tomowallet would focus on ensuring security while being able to send and receive tokens and messages. Additionally, it would provide APIs that can be used by third party apps. The Tomoapp would provide a contributor’s network and would allow data mining through contributing. The app would give user’s complete privacy for their transactions, and there would be no fees for micro payments. Contributors of content or knowledge would be rewarded using Tomocoin while building a unique social network.
Building An Efficient Blockchain Infrastructure
They are even being used as payment options in several countries and on some E-commerce platforms. This is all because some tokens had a huge increase in price in the last several years. However, this doesn’t change the way that their legal status varies from one part of the world to another.
I will also take a look at the use cases and long term potential of the TOMO tokens. TomoChain’s current circulating supply is 96.83M TOMO https://www.tokenexus.com/ out of max supply of 100.00M TOMO. The current yearly supply inflation rate is 3.63% meaning 3.39M TOMO were created in the last year.
Why are TOMO tokens valuable?
So, as you can see quite a bit to look forward to over the coming year from the Tomochain developers. If you want to keep abreast with their latest updates then you can follow their official blog. Yet, one of the best rules of thumb that I use is to look at their public what is tomocoin code repositories. This can give you a direct indication of code commits and hence development. If ever there was an issue on Hotbit, liquidity would sink dramatically. TOMO is listed on a handful of exchanges, with by far the greatest volume trading on Hotbit.
If they can crack the wallet and bridge the gap of crypto fan boys to everyday users and launch a high performing platform capable of housing dApps, this project will be a well known name in the crypto space very quickly. I don’t think it will be too difficult for the 1000 whitelisting spaces to be filled. TomoChain is the blockchain solution for TomoApp and other mainstream applications which require low fee and instant high speed transactions and is built on Geth. TomoChain 1.0 uses Proof of Authority nodes to make sure the database is secure and immutable. Tomocoin aims at providing a user-friendly coin wallet to ensure financial control to the end users. This is one of their critical parts of the infrastructure of the “Internet of Value.” The wallet will help in bridging the gap between a mainstream user and a cryptocurrency enthusiast.
TomoChain is designed to resolve the scaling issues currently faced by the Ethereum blockchain (think Crypto Kitties and poor performance during ICO launch). Second layer blockchains is the idea behind this using horizontal scaling, which will be intergrated with Ethereum network for backup and atomic cross-chain transfer. TomoCoin is the protcol token which will be used in the platform for governance and regulation.
To become a masternode candidate, holders will need to stake at least 50 thousand TOMO tokens. Other coin holders/stakers vote on these candidates to determine which ones make the cut to become TomoChain blockchain validators. The proof-of-stake system used on Bitcoin Atom, works on a principle of validators of a block being chosen randomly.
If they can accomplish that quickly they should easily put themselves in the forefront of the blockchain revolution. Nothing speaks volumes more about the state of a project like the amount of work that they are doing on their protocol and technology. Once you have your TOMO tokens, you will probably want to move them off of the exchange. Moreover, Hotbit is not really on our list of the most reputable exchanges. Next is Son Nguyen, the CTO of the project and an experienced and accomplished technical leader, former Director of Engineering, founder of the Blockchain Developer group with more than 800 active members. Finally, there is Tung Hoang, who is the Product Manager of Tomo Wallet.