TomoCoin What You Need to Know

in #ethereum7 years ago (edited)

Basic Links:

Site: https://tomocoin.io/
Telegram Group: https://t.me/tomocoin
White Paper: https://drive.google.com/file/d/1EAs7llLOpQx3YH1onvC4Qb107sIiztcm/view
Team: https://tomocoin.io/#team

Token Sale

How To Join
  1. Must be subscribed to email list
  2. Join Telegram group
  3. Participate in the following Proof of care campaign
    https://medium.com/tomocoin/tomocoin-public-sale-proof-of-caring-campaign-announcement-43146273234e
Token Metrics
  • Total Supply: 100m
  • Circulating Supply: 50m
  • Hard Cap: $8.5m
  • Private Pre-sale : $7.5m
  • ICO: $1m
  • Token price: 1 TMC = $0.25
Token Distribution
  • 50% Token Sale
  • 15% Team&Advisors (Vested over 4 years)
  • 35% Reward Engine (Rewards to Network users, such as TomoApp)

What is TomoChain?

Tomochain is a blockchain infrastructure solution to the scalability with blockchain technology in general. Tomochain is a public blockchain with integrated smart contract functionalities (based on the Ethereum). It allows for nearly zero fee and instant transaction speed with public audibility of financial transaction records. It implements Proof of Authority and build nodes in multiple locations to make sure the database is in a highly secure immutable state.

What is TomoApp?

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.

What is TomoCoin?

A big part of TomoCoin will be used in a Reward Engine and Ecosystem Building program as a reward for developers and early contributors. The Reward Engine, will allow Tomo application users to 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. 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.

Tomocoin Wallet Demo

Project Roadmap

Past (2017)

  • Q2 - Launch Tomoapp Alpha
  • Q3 - Launch Tomoapp Beta
  • Q4 - Ongoing Tomochain development
  • Q4 - Private Presale

Future Targets (2018)

  • Q1 - Ongoing Tomochain development
  • Q1 - Token Sale
  • Q2 - Ongoing Token integration
  • Q3 - Launch Tomoapp
  • Q4 - Launch Tomochain

Project Positives

  • $8.5m hard cap, a lot of room to grow from here
  • Long Vuong (CEO of Tomochain) is the co-founder the very successful of NEM blockchain project
  • Already has a working product https://tomoapp.com/
  • Aims to tackle scalability, currently the biggest problem in blockchain
  • Live testnet with public launch coming soon
  • All star team with a lot of experience
  • New apps add so much value to Tomochain

Project Negatives

  • Only 12% of tokens available for public sale (centralized holdings)
  • Limited access - only 1350 community members can invest in public sale
  • Social network market is hard to crack (Example Google Plus)

Conclusion

This project it has great potential for growth. After using the app and going as deep as possible into the technology I conclude the this project has huge potential upside. The all star team and project vision set it apart from its counterparts. It is unfortunate that the projects ICO is small and that the majority of the tokens will be held by private presale investors.

ICO rating: 92/100
Short term upside: BBB
Long term upside: AAA

Disclaimer

I am not a financial adviser. This blog contents should not be taken as financial advice.
Information in this blog has been sourced from tomocoin.io site and whitepaper.
Information is correct to the best of my knowledge, however inaccuracies could occur.

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"Tomo application aims to build a new decentralized social network with a built-in cryptocurrency." - sounds like Zuckerberg got some competition.

Nice ICO info, really well written, thanks man !!!

maybe check out my airdrop posts too!

Hi great article. I'm new to crypto. I hodl a few coins. After the read. Very interestin ico. Considering a good buy. Good luck. I'll be checking you out.

Thanks for the feedback, looks like the ICO is now closed, but it will be available on exchanges.

Any ideas what exchanges will be listing it? Sounds like a unicorn.

Look out for Binance, Huobi, and Kucoin. No exchanges are confirmed but those are most likely candidates in my opinion.

Yea I'll probably trade it on binance, hopefully no issues. Great post btw.

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