What is TomoChain (TOMO) Coin
TomoChain (TOMO) is a project that attempts to improve the scalability of the Ethereum (ETH) blockchain. This is primarily done via increasing its transactions per second (TPS) capacity. Tomo coin, released in December 2018.
The eventual goal of the project is to build a blockchain infrastructure for decentralized apps (DApps) and improve integration and security. TomoChain’s solution is to offer smart contract scalability, a task that requires solving how the blockchain can handle a higher number of transactions per second, exponentially increasing the utility of the smart contracts for real-world use cases and applications.
- TomoChain is an EVM-compatible public blockchain network that aims to achieve scalability while maintaining decentralization. TomoChain raised $9.3MM via private and public token sales from September 2017 to March 2018.
- Built initially on Ethereum’s source-code ( “go-ethereum”), TomoChain has relied on Proof-of-Stake Voting (PoSV), since its mainnet launch in December 2018, to incentivize token-holders to vote for validators while receiving staking rewards.
- With a network of 150 masternodes, TomoChain also features innovations such as a dedicated privacy protocol (TomoP), a unique token standard called TRC-21 (TomoZ is a token standard allowing to be used for transaction fees), and a decentralized exchange protocol (TomoX).
- TOMO is the native asset of TomoChain and is used to pay for gas fees on the network covering regular operations like asset transfers, on-chain actions, and the deployment of smart contracts.
How To Buy TomoChain (TOMO) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Tomo coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy TomoChain coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a TomoChain (TOMO) Coin
TomoChain (TOMO) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
TomoChain (TOMO) Coin Review
You can learn more about TomoChain (TOMO) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://tomochain.com/ Whitepaper https://tomochain.com/wp-content/uploads/2020/07/technical-whitepaper-1.0.pdf Github https://github.com/tomochain Medium https://medium.com/tomochain Documentation https://docs.tomochain.com/ Telegram https://t.me/tomochain Discord https://discord.com/invite/2S6GdpJ Youtube https://www.youtube.com/channel/UCXZ2rmjM84qS80RCj6vQ1gw