Topic: What you need to know about TomoCoin project (Read 143 times)
Anyone else interested in this project? Would like to hear others thoughts.
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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
How To Join Token Sale
Must be subscribed to email list
Join Telegram group
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 = $0.17[/li][/list]
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.
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
No private presale bonus
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 post contents should not be taken as financial advice.
Information in this post has been sourced from tomocoin.io site and whitepaper.
Information is correct to the best of my knowledge, however inaccuracies could occur.
ETH last 6 - A835Fe
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