The TMC token offers a new solution to the problem of smart contract scalability. They are an open-source project. This is the link to their GitHub to prove their legimitacy: https://github.com/tunght91/tomocoin-landing
With this app, you can reward contributors, set a price for an answer, monetise your video channel, send and receive virtual gifts or tomocoin. Tomo will have their own wallet which you can link to their debit card. It works both onchain and offchain.
Tomocoin is an ERC20 token. It will separate into another protocol when their mainnet will be out. When their mainnet will be out, a spike in price is also expected. Therefore, this coin is a long term one and it should be held as it will gain more value with time. Especially because of all the aspects for this coin. These are that this coin is a store of value, proof of stake and mining with masternodes enabled. It will also be an ICO & business hosting platform. There will be DApps + API. They will be an open-source so the code will be available for everyone to read meaning there won't be an issue of trust. The AI Support and crosschain… so many reasons to hold. I will definitely not be dumping this coin when it hits exchanges, the masternode and the staking functionality with such a great project is the main reason.
According to their roadmap, everything will be published within 2018 so it's not like one of those coins that promise a novel idea. This is based on an actual idea with actual products.
So what exactly is the TOMO network? Here are the 4 functions:
• TomoChain : this is their scalable public-permissioned blockchain infrastructure. It has smart-contract functionalities. It's open-source, high performance, near-zero fees and instant confirmation.
• TomoCoin : Tomocoin will be the cryptocurrency for the Tomo application. The tomocoin will reward the early adopters and this will make the coin more valuable for investors. Their incentive mechanism to reward people will ensure people keep holding their coins. This aspect of the coin reminds me of NEO because the NEO community has one of the most loyal communities.
• TomoApp : First ever consumer knowledge-sharing application utilising the TomoChain blockchain. Tomo app is a knowledge sharing application focused on short videos. It will soon support anonymous questions as well. The idea is to spread knowledge. They have a working product which you can download on the app store so their team has already shown their capability in this aspect. Their test-net along with a demo wallet is also available. Do you remember vine? Remember how addictive it was? This could go as viral as that as the videos are short and you also learn by watching them, not just be entertained. It combines short attention span of humans with the satisfaction of learning and satisfying human's curiosity.
• TomoWallet : Secure and user-friendly coin wallet to safely store TomoCoin, Ethereum, and other coins and tokens on Ethereum or TomoChain network.
TEAM:
1. Long Vuong CEO: a founding member of NEM which gained 29,000 percent. The CEO has also been involved with various app start-ups.
2. Sun Nguyen is known for the high level positions in tech for more than a decade.
3. Roger Lim has been involved with other successful ICOs including Qlink, Bluzelle and THEKEY.
4. Tung Hoang, Tomo app cofounder has been involved with app developing for 5 years and his github account proves this: https://github.com/tunght91
To conclude, Tomocoin offers a great solution to the scalability problem. Their tteam's capability is demonstrated with the two demo versions and 1 working product in the app store. They also have a crypto veteran CEO with team of experts so this is a great hold.
- TomoCoin Website : https://tomocoin.io/
- Telegram Channel : https://t.me/tomocoin
- The steemit post: https://steemit.com/tomocoin/@nick-steem/tomocoin-tmc-the-next-antshares-neo-the-ico-of-2018
- Tomo app demo :
Here is their roadmap that shows their product is actually realistic and they have a working product already:
- Here is the source for nem's percentage gain: https://www.reuters.com/article/us-cryptocurrency-2017-factbox/bitcoin-may-be-king-but-ripple-dark-horse-in-crypto-race-idUSKBN1ES1PT