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Multipurpose blockchain with various use case applications
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Proven blockchain with working products like its DEX
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Scalable and interoperable, which means its future-proof
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A network of partners
Market Data
Price BTC
0.000023
Price USD
0.460802
ATH BTC
0.000242
ATH USD
3.909197
Down % ATH BTC
-90.62
Down % ATH USD
-88.21
Market Cap BTC
2,112
Market Cap USD
42,797,010
Volume 24h BTC
87.583
Volume 24h USD
1,774,784
Circulating Supply
92,874,975
Total Supply
100,000,000
Launch Date
2018-02-28
Website
Social Analytics Powered by 
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Lower ranks are better
Avg. Social Sentiment 24h
51% Bullish
1.3%
50% prev. 24h
Social Dominance 24h
0.142%
66.1%
0.42% prev. 24h
Social Engagement 24h
424,847
51.1%
869,507 prev. 24h
Social Volume 24h
3311
66.1%
9774 prev. 24h
Social Contributors 24h
166
58.4%
399 prev. 24h
News Volume 24h
0 Articles
NaN%
0 prev. 24h
Project Highlights
Multipurpose blockchain
Fast, cheap, and secure
Proprietary PoSV consensus mechanism
A team from a diverse background
A large number of strategic partners
Time tested and working products
S.W.O.T Analysis
Strength
Weaknesses
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To little masternodes makes the network more centralized
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Technology-driven approach instead of a problem-solving approach
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Limited token use.
Opportunities
- The most significant opportunity is currently in Decentralized Finance due to its blockchain design that facilitates financial operations, building dapps, and issuing tokens.
Threats
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As a smart-contract, token issuing, dapp building platform TomoChain has many competitors in the space.
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If the project doesn’t focus on a single point of interest, it might lose its market position.
Technical Analysis
Technical Analysis by Kong Trading - 05/10/2020
TOMO has seen a strong surge of interest during the last week, due to the newly launched yield farming platform Lua Swap.
This extremely high interest can be seen in the chart and the solid increase in the price. TOMO is currently retracing from the most recent highs, which is a very natural and healthy sign.
To read the full Technical Analysis from Kong Trading click here.
What is TomoChain
TomoChain is a proof-of-stake blockchain for building decentralized applications maintained by the Masternode network. It is an Ethereum Virtual Machine - compatible blockchain and has its own Proof-of-Stake Voting (PoSV) consensus with a novel reward mechanism that enables some of the key features like low transaction fees, faster confirmation time, double validation, better security, and low probability of forks.
It tackles some of the core problems of today’s blockchains like scalability, speed, security, and fork creation by focusing on the following key concepts:
- Double Validation - requires the signatures of two masternodes on a block to push the block to the blockchain.
- Randomization - One of the masternodes is the block creator, while the other one, namely block verifier, is randomly selected among the set of voted masternodes that validates the block and signs it.
- Fast confirmation time - blocks are divided into time slots and epochs: each epoch is divided into 900 block time, which is called block slot.
It comes with three key protocols, TomoX, for launching a DEX, TomoZ, for launching a token, and TomoP that enables the on-demand privacy layer.
Technology
The blockchain is produced and maintained by the masternode network through the TomoChain consensus protocol. They hold a copy of the blockchain, create blocks, and keep the chain consistent. These are the full nodes, holding the TOMO and are eligible to become one by having a minimum required amount of 50 000 TOMO coins deposited to the Voting Smart Contract. The coin holder's next step before he can run a masternode is to get the most votes in the system by other coin holders through a voting dapp by sending TOMO to a smart contract.
In return for verifying blocks and maintaining the network, masternodes are rewarded with the TOMO coin. The coin holders that voted for these masternodes are also receiving rewards in the TOMO coin in proportion to the amount of TOMO they have sent to the smart contract to vote. Masternode candidates are dynamically sorted based on the voted coins, and their performance is tracked and reported back to the coin holders. Three metrics are used to determine which masternodes are operating the most efficiently, and those are:
CPU/Memory charts - to make sure that the node is running with its utmost capacity.
Number of signed blocks - which indicates the performance.
Last signed block - from which the nodes activity can be seen.
As coin holders can unvote a masternode at any given time due to their low performance and give their votes to a better one, this leaves room for competition and ensures that only the best performing nodes are left maintaining the network. Coin holders are incentives to do so because they are rewarded if their voted masternode is active and performing most optimally. There are only 99 spots in the masternode committee, so the masternodes have to keep up with the competition to stay in the system. As they are voted by the number of TOMO coins by the coin holders, their incentive is to keep performing better than the others; otherwise, coin holders incentivized by their invested coins to get rewards will vote for another better performing masternode.
There are three protocols running on top of the blockchain:
Tomo X - is a protocol for launching decentralized exchanges (DEX) in an efficient and permissionless way to empower a diverse system of DEXs, market-making, and liquidity providers and independent projects. To register and manage a DEX, a deposit of 25.000 TOMO is to be made on to the TomoRelayer portal, where you can monitor, analyze, and control all digital assets. In this way, DEX creation's availability is increased by making this process independent from technical knowledge and development cost. 
TomoZ - is a protocol to issue tokens based on the TRC21 standard much like Ethereum’s ERC20, but with one key distinction: you can pay transaction fees in the newly created token instead of the blockchain native TOMO coin. This increases the frictionless experience of issuing and transacting tokens.
TomoP - a privacy protocol designed to create safe and untraceable transactions that enable users to send and receive tokens knowing the sending and receiving wallet addresses are anonymous. The value transferring between the addresses is private. TomoP supports anonymizing both TOMO token transactions and tokens issued following TRC21P - private token standard, including wrapped tokens from other chains (BTC, ETH, USDT, etc.) 
Target Audience
TomoChain is for users who want to transact value over the internet in a permissionless and decentralized way and have privacy in those transactions when in need. As a smart-contract-based platform, it serves an enterprise to build a wide range of decentralized applications to issue a unique token.
Also, the platform targets investors with its staking reward mechanism in which users can either earn rewards in TOMO coin by maintaining a full masternode or by voting for the masternode to participate in the network maintenance and earn rewards indirectly as they are proportionally distributed to the coin holders that upvote the masternodes.
Product
TomoChain has some of the key distinguishing features that are enabled by its blockchain design or by some of the protocol layers on top of the blockchain. These include faster block time and transaction throughput, on-demand privacy, lower transaction fees, enhanced security.
Some of the products that are natively built to facilitate the network’s smooth running are:
- Tomo Wallet - which is used not only for storing TOMO coins but also for voting the masternodes, tracking rewards, and participating in dapps built on top of TomoChain.
- TomoMaster - a platform for staking TOMO with masternodes and tracking rewards and viewing performance statistics on the voted masternodes.
- TomoScan - a block explorer app for monitoring and scanning the network, providing full transparency on blocks, transactions, holders, etc.
- TomoDEX - a decentralized exchange powered by the TomoX protocol and run on the TomoChain.
- TomoBridge - a cross-chain swapping mechanism that allows users to swap coins between TomoChain and other chains like Bitcoin, Ethereum, etc.
- TomoRelayer - a platform to register and manage a Decentralized Exchange
- TomoIssuer - an intuitive and user-friendly dashboard for issuing a unique TRC21 token.
- TomoStats - dashboard for the TomoChain network status where users can check various metrics on the network conditions like masternode performance, TPS, confirmation time, block time, etc.
- TomoStatus - a system monitoring platform for TomoChain for real-time and historical data on the system performance
LuaSwap
LuaSwap is a multi-chain liquidity protocol developed by TomoChain core team. LuaSwap currently runs on Ethereum. Bringing LuaSwap to the Ethereum first makes it easily accessible to a broader audience. It will also run on TomoChain after the schedul
ed hardfork in Q4. It aims at assisting the emerging tokens by providing a liquidity pool for the token in question. In that way, the newly launched tokens would have a fair chance of getting liquidity b
y not being forced to compete for the market share with the leading token pools. Users will be incentivized to provide and maintain a liquidity pool by receiving rewards in the LUA token.
Before the LuaSwap launch, the smart contracts have been audited by the Arcadia Group, while Quantstamp, PeckShield, Certik, and other reputable researchers have been invited to participate in the auditing process.
Unlike other tokens that are tied to the exchange protocol, LUA, the token is not only used for fees and transactions, but it serves as a governance token in the protocol's decision-making processes like adding additional chain support, the amount of LUA token to be received by the new chain liquidity provides, which new projects to support and so on.
TomoChain’s AMM-based swap protocol has yield farming features, much like its current competitors. Still, it is designed with an incentive structure to prevent the ""farm and dump"" mentality instead of favoring liquidity pools with lasting support.
Initially, there are only 4 liquidity pools and that for TomoChain’s token TOMOE -Ethereum-wrapped TOMO, in USDC, USDT and ETH while the newly created LUA token will be paired only against USDC.
Some of the features awaiting further down the line of development are leverage trading, reduction of impermanent losses, and more token types in the pool.
Use case
As a smart-contract platform blockchain, TomoChain’s primary use case is for building decentralized applications. Considering some of its distinct features like 2 second block time, 2000 TPS, near-zero transaction fees in conjunction with the protocol layers, the platform can be more specifically used for building decentralized financial applications.
It is an enterprise-ready platform with its “white-label” products, namely the wallet, token issuer, and the decentralized exchange creation.
Through its coin issuing service, it can help facilitate fundraising in any form as an ICO or a loyalty program. Custom token’s economic structure can be designed to meet the needs and criteria of the business goal alignment.
Fintech dapp development can be ensured by the likes of the TomoChain protocol layers that provide the capabilities of building customized crypto wallets, custom tokens, token staking applications, smart contract development, and so on.
TomoX enables anyone to build a decentralized exchange with minimal time and production cost as well as technical knowledge and provide its users with unique terms and conditions for lending, borrowing, and exchange services.
Another use case can be Implement a payment system using TomoChain through some of its tools like creations a stablecoin, dapps to purchase goods and services with crypto and is even suitable for the adult industry due to its capability of private transactions
Besides financial other industries TomoChain sees its use case is in healthcare - due to the data fragmentation of the medical records and patient information which can be solved and maintained on the blockchain with the direct ownership by the patient; automotive - in order to ensure the reliability of the second-hand vehicle data and operational and servicing history as its IoT tech can track the vehicle life cycle; education - putting certification on the blockchain and in that way serving as a guarantee that the student completed the educational program; traceability - in supply-chain management and consumer goods where tracking the origin can be problematic, especially for food.
Competition
Ethereum
Ethereum is a global, open-source platform for decentralized applications. On Ethereum, you can write code that controls digital value, runs exactly as programmed, and is accessible anywhere in the world.
EOS
EOSIO is a next-generation, open-source blockchain protocol with industry-leading transaction speed and flexible utility.
Tron
Tron offers developers to create smart contracts and decentralized applications (DApps), freely publish, own and store data and other contentTeam Members
The team that is behind TomoChain comes from diverse backgrounds of economists, investment bankers, developers, business and marketing strategists. They all share a common idea about blockchain technology being the cornerstone tech that’s going to bring a more fair decentralized future for all.
Long Vuong
Founder & CEO
He has a PhD in Economics from the University of Massachusetts. Experienced technologist, entrepreneur and product manager. Was the project lead for the NEM cryptocurrency.
Le Ho
Co-founder & CFO
Le holds a CFA charter and comes from the investment banking background. Has a history of working in Asset Management, Investment Strategies, and Corporate Finance.
Kyn Chaturvedi
CBDO
Kyn is an experienced Strategist across multiple verticals in digital technology, skilled in developing and implementing Go-to-Market strategies, Partnership Development, and Product Management.
Son Nguyen
Co-founder & CTO
Son i an engineer with many years of experience working in the IT field. I worked in various projects such as telecommunication, infrastructure IT, IoT, Fintech and Web.
Tung Hoang
Co-founder & PM
Tung is an lead developer with knowledge and skills in project management
TomoChain employs more than 40 people. A list with all employees can be found here.
Roadmap & Events
TomoChain is one of the few projects that still have a roadmap and are constantly working on it.
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Past Events
Upcoming Events
Token Sales & Economics
TOMO is TomoChain's native coin and serves as a network incentive token for rewarding masternodes to maintain the network and facilitate the voting process to prove the stake voting consensus mechanism.
Users can stake 50.000 TOMO to create a masternode, but for the masternode to participate in the system and sign transactions, they must be voted by other coin holders. There are limited spots of only 150 masternodes that can participate in getting these rewards, which serves as an incentive for them to keep up the best performance they can. In contrast, coin holders are financially incentivized to vote for the best-performing ones and unvote those that can keep up running in the most optimal way.
Reward structure
There are 900 blocks in an epoch, after which a checkpoint block is created, and a total of 250 TOMO enters into circulation to be distributed as rewards. For the masternode to receive its reward for validating transactions, it must have scanned all of the created blocks in the epoch and count the number of signatures it made. The more blocks the node has signed, the higher the reward it earns.
Out of the newly entered 250 TOMO coins, the masternode that participated in the signing gets its portion relative to the epoch's number of signatures. This is further divided into three pieces within each masternode into an:
- Infrastructure Reward (40%): maintained by the masternode.
- Staking reward (50%): proportionally shared by all of the coin holders who voted for a particular masternode based on how much coins they've staked.
- Foundation Reward (10%): goes to a special account controlled by the Masternode Foundation, which TomoChain initially runs.
According to the staking reward portion, the coin holders that have unvoted a particular masternode before the checkpoint block is created won't get their reward in the TOMO coin.
Token allocation and the emission period
Total supply of 100 million TOMO tokens was created and is going to be released in circulation. At the genesis block, there were 55 million TOMO coins in circulation. In addition, 12 million were reserved for the team, which were vested linearly over 4 years, and 16 million were reserved for strategic partnerships and ecosystem building. Another 17 million were reserved for block rewards.
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From the mainet-launch, the block reward for the first two years is 4 million TOMO annually, after which the next three years, the supply is halved to 2 million TOMO coins annually. The block reward for the 6th, 7th, and 8th year will be again cut in half to 1 million TOMO annually.
Market potential
TomoChain’s main advantage by its blockchain design is near-zero fees: 2000 TPS, 2-second block-time, ~$0 gas fees, and EVM compatible. This is why it is best suited for financial services and DeFi, which is experiencing large fees, long waiting times, and high gas prices.
Its feature to issue tokens and launch a decentralized exchange as a white label product can be used for fundraising and building financial ecosystems around business goals.
As its design to support speed, privacy, usability, and liquidity need all in one platform. It can be used for other industries like education, automotive, supply-chain tracking, e-commerce, healthcare, etc.
Partnerships
TomoChain proudly displays a list of strategic partners that are varying from exchanges, wallets, liquidity providers and oracles to platforms and other blockchain projects. Some of the most notable ones are depicted below.
Community Data and other Key Information
The biggest following TomoChain has on Twitter like many of the cryptocurrency projects as the platform is highly favored towards cryptos compared to the others. However its Telegram channel is the place where people can come together and share thoughts and discussions regarding the project, making a community. They also have a Youtube channel and a Facebook group.
References and important to read articles
https://docs.google.com/document/d/197Cu57A6OYPoEQbrUVr067qNVEzP_FEwaDCFff7hnlM/edit
https://tomochain.com/wp-content/uploads/2020/07/technical-whitepaper-1.0.pdf
https://icodrops.com/tomocoin/
https://www.fortunebusinessinsights.com/industry-reports/blockchain-technology-market-100072
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