Tomochain:

In the past few months, we’ve seen decentralized games such as CryptoKitties and Etheremon cause lots of network congestion, causing gas prices to increase greatly and transaction speeds to slow to a crawl as a result.

Tomochain is an ingenious solution to solve the problem with Ethereum scalability. Tomochain is a sidechain on the Ethereum Blockhain, with the capability to support horizontal scaling by integrating second layer blockhains for backup and cross-chain atomic transfers. The Tomo team are aiming for a blockchain with high performance and zero transaction fees. Tomochain will have support for all Ethereum smart contracts and allows for decentralized apps and token issuance. As of now, there are already existing projects that are considering to migrate onto the Tomo blockchain. Details are confidential as of now, but I’m sure the Tomo team will reveal more as the time comes.

Furthermore, Tomochain testnet is already up and running at https://stats.tomocoin.io/ . Transaction confirmation times are at approximately 2 seconds on the testnet, which is insanely fast. Tomochain will start off as a proof-of-authority consensus and eventually shift to a Masternode system, planned out for release in 2019. This will further improve the value of Tomocoin, as people will begin staking their Tomocoins for passive income.

Tomowallet:

As its name suggests, Tomowallet is the wallet built specially for Tomocoin. It allows for zero fee transactions within Tomochain, and also allows for cross-chain atomic transfers with the Ethereum blockchain. As seen below, the user interface is extremely intuitive and user-friendly. You can try out the demo wallet, which uses the Tomochain testnet, at https://wallet.tomocoin.io/ .

In addition to storing a variety of coins and tokens in the Tomowallet, users will also be able to send messages to their friends via the wallet. It will also support APIs for 3rd party bots and applications. All these features combined will make it extremely easy for newcomers to use, and will be instrumental in making cryptocurrency more accessible to the public.

Tomoapp:

Tomoapp will be the first decentralized app to utilize the Tomochain infrastructure. It is the flagship application to show off the capabilities of the Tomo network. Tomoapp is a knowledge-sharing application, in which users asks questions and other users are rewarded for providing answers. Its aim is to create a network of contributors and build a new knowledge-sharing network.

Tomocoin will play an integral role in the Tomoapp ecosystem, and will have the following functions (as quoted in their whitepaper):

- Set a price in TomoCoin for your answer to your fans; Set a price for people to

watching your content

- Boost a video you produce using TomoCoin

- Create a channel and charge a fee in TomoCoin to access your channel

- Give virtual gifts of TomoCoin to live streamers

- Reward engine integration with TomoCoin

- Access a digital avatar and masks marketplace driven by TomoCoin

Tomoapp is available for download on Google Play, Apple App Store, and the web version is available at https://tomoapp.com/ .

Team, Advisors, Partners:

A team can make or break a project, and in this case, the team at Tomo does a great job of instilling confidence. The CEO and founder of Tomocoin is Long Vuong, the co-founder and former project lead of NEM blockchain, which currently has a marketcap of over USD 5 billion. Other core members of the team, while not as famous as Mr Long, are also extremely experienced in their field of expertise and we can rest assured that the project is in great hands.

Their team of advisors is pretty stacked as well, boasting an impressive lineup that have been involved in other successful and high-key projects. Just to name a few : Min Kim (Head of Biz Dev, Bee Token), Roger Lim (Director, Qlink Foundation), Hoang Nguyen (Co-Founder & VP, WeTrust). This advisory team will undoubtedly be able to guide the Tomo team on the right track and set the blockchain world ablaze.

Furthermore, Tomocoin has some extremely strong partnerships and investors.

Many VCs and funds have invested into Tomocoin, and even NEO themselves have gotten involved. These are extremely good signs that Tomocoin will gain good traction once the main net is up, and many have their fingers crossed for some form of NEO cross-chain compatibility (who knows, it might happen in future).

ICO Information:

The Tomocoin ICO will take place on 1st March 2018, with USD 1 million worth of tokens being sold to the public. USD 7.5 million had earlier been privately sold to strategic investors. The total hardcap of the ico is USD 8.5 million. Token allocation is as follows:

As we can see, 35% is being reserved under the “Reward Engine” to reward contributors who contribute in the Tomoapp, and later on used as rewards for Master nodes.

The team’s portion of 15% is a reasonable portion, unlike some other projects which keep an obscene percentage of tokens for the team, and is subject to a 4-year vesting period.

This suggests to us that the team is not greedy, only choosing to raise a low amount of 8.5 million, at a time when other projects are asking for 30–45 million. Furthermore the long vesting period shows that the team isn’t just going to dump their tokens soon after the ICO, and committed for the long-haul.

With all the aforementioned factors, I believe the Tomo team has a recipe for success. While it may not have received as much hype as other projects with “50–100k telegram members”, the team is very solid and down-to-earth, believing in working on their project’s development rather than trying to generate hype.

Tomocoin is a hidden gem and has been relatively under-the-radar for many people. This is one of the rare projects with an extremely strong team, working product (an entire working ecosystem, to be exact!), and very positive token metrics. This project will help greatly in solving Ethereum’s scalability problems, and at the same time create something unique to its own Tomo network.

Written by LYK & LYL (84eaED, 9841b6)