What is TomoChain (TOMO)? Overview of TOMO . token

• What is TomoChain (TOMO)?
• The problems TomoChain (TOMO) poses
• TomoChain (TOMO) Problem Solving
• What are the outstanding features of TomoChain (TOMO)?
• TomoChain (TOMO) Development Team and Advisory Team
• Development team
• Advisory team
• General information about TOMO . token
• What is TOMO token?
• Detailed information about TOMO . token
• TOMO . Token Allocation
• How to earn and own TOMO . tokens
• Wallet and exchange of the TOMO . token
• TomoChain (TOMO) transaction fees
• How to mine TomoChain (TOMO)
• What is the current rate of TomoChain (TOMO)?
• Assess the future potential of the project, should invest in TOMO token or not?
• Social network
• Epilogue

What is TomoChain (TOMO)?

TomoChain (TOMO) is a project born with the aim of improving the scalability of Ethereum (ETH), by building a blockchain infrastructure with advantages such as: Low transaction fees, confirmation time Fast receipt, dual and random authentication for added security. 

It is one of the leading open source blockchain solution providers in Vietnam and is applied in many practical industries such as: Education, finance, healthcare, commerce. 

Notably, from the 2020-2021 school year, the Ministry of Education and Training has decided to store national diplomas on the TomoChain blockchain system. As such, this project is the first blockchain project to be honored to cooperate with a Government Department.

The problems TomoChain (TOMO) poses

The birth of Bitcoin is one of the biggest technological breakthroughs of the past decade, sweeping across every industry from finance to manufacturing. This is followed by Ethereum , the blockchain infrastructure project, which provides a complete language for developing smart contracts. 

However, as these technologies began to explode, they began to expose their core problems, especially those related to transaction processing performance. 

Both Bitcoin and Ethereum use Proof-of-Work (PoW) mechanism in their consensus algorithm. To create a block, they will require an extremely complex computational process called mining and consume a lot of energy. That means transaction fees on these networks won't come cheap.

On the other hand, current Bitcoin and Ethereum have too slow transaction processing speed, can only handle 10 transactions per second.

Fork Generation is also an issue that TomoChain particularly emphasizes. The fork chain process not only consumes a lot of time but also creates many potential vulnerabilities for possible attacks.

TomoChain (TOMO) Problem Solving

In order to build an efficient and secure consensus protocol for TomoChain, the project has been constantly trying to find ways to solve the above problems through building a Proof-of-stake voting consensus mechanism. -Stake Voting (PoSV), which allows fair voting, ensures strict confidentiality and a final unified probability. 

The consensus has the following important new features:

• Double Authentication to increase security and reduce fork 
• Randomize to ensure fairness and prevent attacks 
• Reduce transaction confirmation time. 

Not only that, smart contracts on Ethereum can work on TomoChain efficiently with instant transaction confirmation time thanks to the EVM (Ethereum virtual machine) feature.

What are the outstanding features of TomoChain (TOMO)?

The TomoChain ecosystem allows developers to build a variety of high-performance blockchain projects with a range of optimally designed features as follows:

• TomoChain network supports transaction speed up to 2,000 TPS, with block generation time taking only 2 seconds
• TomoP is a security protocol developed on TomoChain to enable secure and untraceable transactions.
• The TomoZ protocol allows users to pay payment fees with any token they have
• The TomoX protocol allows developers to launch a decentralized exchange at a low cost, minimizing the time and resources needed to operate an exchange.

TomoChain (TOMO) Development Team and Advisory Team

Development team

TomoChain was founded by an entirely Vietnamese team. The project was jointly built by Mr. Long Vuong and some other excellent associates. They include:

• Mr. Long Vuong: Before holding the position of CEO of TomoChain, Mr. Long Vuong was the CEO of CityMe and also the co-founder and project leader of blockchain NEM (XEM) at Alternative Blockchain. 
• Ms. Ho Le is a seasoned expert in the field of financial investment. She is the former Deputy Director of Investment and Portfolio Management at BVIM. 
• Mr. Nguyen Son is currently the Technical Director of Tomochan and also the founder of the Blockchain Developer community with more than 800 active members.
• Mr. Hoang Tung is also an experienced Fullstack and Smart contract developer before joining TomoChain.

In addition, the TomoChain team gathers many experts in the field of blockchain and economics.

Advisory team

Besides the talented founding team, TomoChain also receives the attention and investment of many famous advisors in the world such as: 

• Willis Wee: Founder and CEO of Tech in Asia 
• Roger Lim: Managing Director at NEO Global Capital, and advisor of Bluzelle, SelfKey, The Key, Coinfi, Fortuna Capital, Jet8
• Vu Duy Thuc (also known as Thuc Vu): An influential artificial intelligence doctor in Silicon Valley, and also the founder of projects: Katango, OhmniLabs, Kambria.

General information about TOMO . token

What is TOMO token?

TOMO is the official token of the TomoChain project. It has a main function in promoting the economy in the ecosystem, encouraging users to contribute and develop the network.

What is TOMO used for?

Developers will need TOMO tokens to be able to build their applications on the TomoChain ecosystem.

In addition to staking TOMO to receive block rewards, TOMO holders also have the right to participate in voting for candidates running for the Masternode position. Top 150 candidates with the highest number of votes will become Masternodes.

Detailed information about TOMO . token

• Symbol: TOMO
• Blockchain: TomoChain
• Total Supply: 100,000,000 TOMO
• Total circulating supply (as of June 22, 2022): 91,780,575 TOMO (according to CoinMarketCap)

TOMO . Token Allocation

The maximum supply of TOMO tokens is 100,000,000 TOMO and will be distributed as follows: 

• Token Sale: 55% 
• Development team: 12% 
• Strategic partners: 16% 
• Block reward: 17% 

How to earn and own TOMO . tokens

To earn and own TOMO tokens, the simplest way is to buy them on decentralized cryptocurrency exchanges. 

However, you can also try one of the ways like: Staking cryptocurrency for a reward of TOMO tokens, becoming a Masternode or participating in Airdrop programs.

Wallet and exchange of the TOMO . token

TOMO is a token that has been around for a long time (since 2018), so it is currently listed on many popular cryptocurrency exchanges such as: Binance, FTX, Biki, ZG.com …

After buying TOMO, you can store them directly on exchange wallets or blockchain wallets such as: TomoWallet, MetaMask, Trezor, Trust Wallet...

TomoChain (TOMO) transaction fees

When trading on the TomoDEX platform, buyers and sellers will both have to pay a fee equal to 0.1% of the transaction value. 

How to mine TomoChain (TOMO)

TOMO cannot be mined like Bitcoin or Ethereum because it works under the PoSV consensus mechanism, but it can be minted by Masternode. You can become Masternodes, responsible for creating, verifying and completing blocks to receive block rewards.

What is the current rate of TomoChain (TOMO)?

At the time of writing (June 22, 2022), TOMO is trading at $0.46, with a 24-hour trading volume of $5,831,850. 

As such, it has evaporated more than 90% of its value compared to the time of reaching the ATH on June 9, 2021 of US$ 3.75. 

The main cause of the above drop is probably because TOMO is being negatively affected by the pessimistic situation of the entire cryptocurrency market recently.

Assess the future potential of the project, should invest in TOMO token or not?

TomoChain is one of the projects founded and developed by Vietnamese people, highly appreciated by global technology experts. With the advantage of being a new generation blockchain that solves the limitations of current networks, it is a potential investment opportunity in the eyes of the Crypto community.

However, as you have seen from the TOMO price history chart in the previous section, this token has a very strong price movement and is currently trading in a price range at the original asking price. Therefore, in addition to making objective assessments about the potential of the project, investors also need to think carefully and choose the right time to participate. 

Social network

If you want to learn more about the TomoChain project, investors can see more related news on official media channels such as:

Website | Twitter | Medium | Reddit

Epilogue

Above is all the basic information, to help you learn what TomoChain (TOMO) is. Hopefully, through this article, you have had an overview of the project and the TOMO coin. 

Vietnam is currently a bright spot on the map of regions with the most developed blockchain technology in the world. Please continue to follow TomoChain and other typical blockchain projects developed by Vietnamese people such as: Axie Infinity , Kyber Network , Thetan Arena ... on TraderH4, so as not to miss any investment opportunities.