What is Tomo Coin?
Tomocoin is a blockchain platform that’s public permitted and utilizes Ethereum’s smart contracts. The provides easy and quick token integration as well as a scalable blockchain infrastructure.
Tomocoin uses build nodes and proof of authority in multiple locations to ensure that the database is in an immutable and highly secure state. The project team is committed to decentralizing governance, building a community, upgrading infrastructure, and creating a platform on Tomochain.
Plus, Tomocoin gives users the chance to join a crowdsale located on their website or by contributing to Tomo’s ecosystem and network. They only deal with competent advisors and experts who have worked towards the company’s success.
Here are some aspects in regards to Tomocoin’s system
- Tomocoin Wallet: This wallet is used to:
- Safely store Ethereum, Tomocoin, and other cryptocurrencies.
- APIs for third-party applications and bots.
- Users can safely send their Tomocoin to their contacts and friends.
- Tomochain Testnet: Tomocoin’s alpha product which is used to practice using its network. It’s fast and has 2 seconds of confirmation before a transaction is processed.
What Issue Does it Solve?
Today’s current problem with cryptocurrency is the ability to scale when a multitude of users is on their network. Example, Bitcoin has gained a lot of popularity over the recent years, but they were unable to create fast transactions because of its infrastructure.
Additionally, users who are new to cryptocurrency tend to face problems with managing all of their tokens. There are over 1000 cryptocurrencies in the market, and it can be difficult keeping them all in one place.
That’s where Tomocoin steps in. The network allows users to hold multiple coins and use them when they have to trade another user within the platform. With Tomochain, you can create transactions within 2 seconds and have an organized wallet to manage your crypto assets.
Token Sale Information
Disclaimer: Invest at your own risk. This guide was created to educate and inform our readers only.
- Wallet Management: Tomocoin allows users to manage Tomocoin, Ethereum, and 20 other cryptocurrencies. As they continue to develop, the company will allow for more cryptocurrencies to be managed on their platform.
- Cross Chain Scaling: Any business that wants to create a product on Ethereum can experience the benefits of faster speeds and a more reliable system.
- MVP Included: Tomocoin has already created a demowallet and a testnet. This is better than most competitors as they actually have a functional product that interested investors can use.
- Competition: As another smart contract based platform enters the network, Tomocoin faces stiff competition with not only other rival ICOs but with the Ethereum network itself.
- App Integration: Tomocoin’s app has over 10,000 downloads, but is lower than their promised 50 million users in their whitepaper. It will take time for Tomocoin to create a dapp and have users partake in its platform.
Conclusively, Tomocoin is one of the best ICOs when it comes to scaling. If Tomocoin can bring their app users to their own privatized app, they’ll have a better chance for them to grow. We expect a medium level of growth with Tomocoin.