Today we continue to talk about a project that has skyrocketed 8 times this year. From the picture we can see that the project has currently increased from about 0.2 to 1.6, which is almost 8 times. It is Tomochain, and its current market value is about 120 million US dollars. It ranks 160+ in market value. It is also the largest public chain in Southeast Asia. It was also said by a fan, and then I searched it. I didn’t expect the increase to be so exaggerated. You know, public chains are actually quite difficult to make, especially in the current bear market stage, it can have such a high increase. Let’s study it today.
Introduction
TomoChain is a public blockchain based on Proof-of-Stake Voting consensus. TomoChain launched its mainnet in December 2018 and is currently maintained by 150 masternodes. TomoChain is compatible with the Ethereum Virtual Machine (EVM), can process 2,000 transactions per second, with a block interval of only 2 seconds and almost zero gas fees. Security, stability and integrity are guaranteed by new technologies such as double verification, smart contracts and "true" randomization. TomoChain supports all EVM-compatible smart contracts, protocols and cross-token transactions.
TomoChain is located in Vietnam and is the largest public chain in Southeast Asia. It is committed to developing a complete set of decentralized finance (DeFi) products. It has many business and corporate clients, as well as many industry partners, including Neo, Chainlink and Crypto.com. TomoChain's masternode network is also operated by many well-known practitioners, such as Neo, Capital, Coingecko, HashQuark, KuCoin, etc., and there are many partners who are participating.
TomoChain won Binance’s community vote in August 21, earning the honor of being listed on Binance for free. Binance wrote a detailed Binance survey report for TomoChain and awarded it a V-Label certificate. TomoChain has also been mentioned in many other Binance reports, including many reports on Dapps and DeFi. TomoChain has also been interviewed by Forbes and had a face-to-face interview with Nasdaq in Times Square, New York, to talk about TomoChain and the upcoming TomoX protocol.
In addition, TomoChain has established deep relationships and close integration with many partners in China, including HashQuark, HashKey, CoboWallet, Conflux, etc. In December last year, it established an ecological development partnership with Ant Neo and jointly held an exchange seminar.
Technical features
Innovative solutions to the scalability issues of the Ethereum blockchain (public permissions);
Public permissioned blockchain in a decentralized environment;
Instant confirmation and near-zero transaction fees;
ICO hosting platform: supports smart contracts for decentralized applications, token issuance, suitable for small and large enterprises;
Zero cross-chain transaction fees; public auditability of financial transaction records;
The node and service node system has a secure, immutable database and provides investors with huge passive income and voting capabilities;
Mining and cashing functions are realized through smart contracts;
Built-in exchange agreement and ICO smart contract templates - supports all ETH smart contracts;
Proof of Authority consensus based on the Ethereum codebase;
Building superior blockchain infrastructure for decentralized applications, token issuance and more.
main products
1. tomoZ: Zero friction
The TomoZ protocol is the key starting point for TomoChain to achieve widespread market adoption of blockchain. The TomoZ protocol enables gas fees to be deducted from the issued tokens themselves, which means that users do not need to hold TOMO to complete transfers, and users do not need to know that they are using the TomoChain blockchain.
For example, you can buy a cup of coffee at a cafe with membership points, and these points are actually the corresponding TomoZ tokens. For users, they just redeem coffee and get points, but they don’t know that they are actually using blockchain tokens. This solution is built to allow blockchain to be adopted by millions of users as a hidden technology layer. After all, the real value of blockchain is to be adopted for high-quality and valuable transactions.
However, TomoZ transfers are not free, they cost TOMO, but this information is hidden from users. The principle is that the token issuer will store some TOMO in the pool, and every time a token transaction occurs, some TOMO will be automatically deducted from it to pay the masternode fee.
The key is that users do not have to participate or understand the working principles in the middle, so it is called a "zero friction protocol."
2. TomoX: DEX Protocol
TomoX is an upcoming DEX protocol that allows anyone to launch a trustless DEX in minutes with almost no technical knowledge, which can be said to be a very fast delivery solution.
Because it is based on the Layer 1 protocol, TomoX can provide the fastest DEX experience to date, which also means that it is operated and maintained by the entire TomoChain network. Unlike other DEXs based on Layer 2, TomoChain's masternodes will directly manage DEX instructions, which means that the processing speed of DEX based on the TomoX protocol will be 50 times faster than that of ordinary DEX based on the 0x protocol.
TomoX’s DEX operators can connect to a liquidity pool shared by all DEXs, which means that buyers on one DEX can match trades with sellers on another DEX. Of course, operators can choose the appropriate token based on their needs.
TomoX is truly decentralized by using an on-chain order book. Many other semi-decentralized exchanges store order books in a central system to speed up execution, but the disadvantage of this model is that weaknesses and vulnerabilities are concentrated in one central point. TomoX users own their own property, thus minimizing the security risks faced by centralized exchanges.
3. TomoP: Privacy Package
TomoP’s testnet is now live. This will be the fastest way to send tokens anonymously: in just 2~4 seconds!
All tokens issued on TomoChain can be transferred privately using the TomoP protocol. In addition, wrapped Bitcoin, Ethereum, Tether, and other tokens can also be transferred using TomoP’s ultra-fast private protocol.
Dapp privacy is a very important part of TomoP, which can truly protect the privacy of Dapp user information, and even the Dapp operator cannot spy on it. This will set off a new wave of application development dedicated to protecting user privacy, transfer privacy and property privacy.
TomoChain will also issue a new token standard — TRC21p, which will be completely private, with the only visible information being the number of tokens issued. Token issuers can choose to provide audit channels to relevant law enforcement agencies to ensure compliance with laws and regulations. In other words, if there is a competitor to Alipay, PayPal, or Skrill, they can build services and products on TomoChain's system and ensure that their legality can be guaranteed in many jurisdictions.
Ecology
After looking at the applications on the chain on the official website, it currently covers a wide range of fields, including defi, nft, gamefi, tools, bridges, social networking, etc., with a total of about 150+. However, there are some doubts, such as many of these exchanges or CMCs should have nothing to do with it, and they are suspected of trying to ride on the popularity, but in fact, there are no substantive and valuable applications.
Token Allocation
The first issuance time was 2018-03-09, the crowdfunding price was $0.2500, the maximum supply was 100,000,000 TOMO, the circulation volume was 96,830,754 TOMO, and the circulation was 96.4%. The current price is around $1.3, and the peak price was $3.9 (in 21 years). The current market trend has also increased a lot. Then in terms of distribution, their team did not get a lot of it, only 12%, but the TVL on the chain is relatively poor, only $80,000, which can be said to be miserable, that is, basically no one is building applications on it.
Finally, let’s summarize. At present, the value of this chain is average, which can be seen from the TVL on the chain. There are no very good applications. The only virtual head is the first public chain in Southeast Asia. In addition, its team holds a low proportion of coins, and the current market value is not very high, so someone would be willing to trade this coin. Moreover, judging from the coin holding addresses, there are not many big whales, and the ghostwriting is still relatively scattered, so it is very likely that this wave of rise is caused by someone.