TomoZ mainnet launch announcement
TomoZ — with Z standing for Zero — is the new protocol enabling holders to transfer TomoChain-based tokens without using TOMO as the transaction fee. TomoZ mainnet launch is one of the critical landmarks for TomoChain ecosystem in 2019.
One month after the launch of TomoZ testnet, we are happy to announce that TomoZ mainnet will be available for public participation at 3 pm GMT +8 (Singapore time) on 20th August 2019.
What are you gonna do with TomoZ?
Blockchain Specific
(1) Reduced Friction and Increased Intuitiveness for Tokens — Any existing Token issued on a blockchain, regardless of its function no longer has to rely on the native token itself. Users can freely perform transactions without the need to always hold the second token. This is great for existing TomoChain users, but also for users who have never held TOMO before.
(2) Stable Coins — Though related to (1), the fact is that the use of Stable Coins requires holding a native token typically to pay gas. Issuing TRC21 Stable Coins will eliminate that concern. The fee will be paid in the stable coin itself. When we consider DeFi applications to the Blockchain Ecosystem and to the Larger Wider Ecosystem outside of BlockChain THIS can be a major problem solver.
Wider Ecosystem
(3) Virtual Currency for dApps — Similar to virtual currency on free to play games on mobile and Facebook. The difference is there is a transparent, economic limit to the supply so there can be a real economic value derived from it
(4) Loyalty Points — Due to the nature of Blockchain, loyalty points can be transferred from one customer to another. Also, they can be exchanged for one vendor/system for loyalty points with another vendor/system. This cannot happen under the current closed system
Technical documentation on TomoZ and TRC21 token standard can be found here:
- TomoZ Protocol Proposal
- TRC 21 specification
- Developer integration guide
- How to deploy a TRC-21 token on TomoChain Testnet in a few clicks.
To seek for support, please contact our team via email admin@tomochain.com or join TomoChain telegram chat.
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For Technical support: Gitter
About TomoChain:
TomoChain is built on a performance layer that achieves high transaction speeds without compromising decentralization. TomoChain uses an innovative consensus method called PoSV (Proof of Stake Voting) which gives an incentive to all TomoChain token-holders to play an active part in staking across a network of 150 high-quality masternodes, and to monitor their performance and governance actively. Its staking-governance dapp, TomoMaster, is recognized as one of the leading staking platforms in the industry.
