TomoCoin ICO Review

Basic information:

Homepage: tomocoin.io

ICO date: March 01

Total supply: 100 million TMC

Token: Smart Contract based on Ethereum (ERC20) platform. Symbol: TMC

Hardcap: $8.5 million

Token price: 1$ = 4 TMC

  1. Source of ideas

Tomo is headed for the Internet of Value where value platforms are traded as rapidly as information on the Internet. Today, although the speed of processing and information is transmitted globally rapidly, international payments can take up to 3–5 days, costing an average of $42 and a failure rate of 5% (estimated in the US). Meanwhile, in the world, $180 trillion is being paid each year between countries, at a total cost of more than $1.7 trillion.

While the daily transactions are intervened by banks, credits company, the real estate and digital markets, Tomochain and TomoCoin take advantage of the efficient blockchain infrastructure such as fast speed, high secured, decentralized, and minimum risks in transactions to connect millions of social network users around the world.

Through the Internet the value of blockchain, people can trade any kinds of asset: stocks, votes, securities, intellectual property, and scientific examinations … in a safe, transparent way, programmable and connecting to everyone. TomoChain aims to be at the forefront of building value-added Internet, as well as becoming the main platform for thousands of decentralized applications, supporting the release of cryptocurrencies for businesses of all sized enterprises. Besides, TomoCoin is an important and valuable asset for millions of users.

2. Released products

Tomochain Testnet uses the Proof of Authority (POA) algorithm, which is based on Ethereum’s codebase, used with MyEtherWallet, and extremely fast authentication with a near zero transaction cost. See Testnets at: https://stats.tomocoin.io/

In April 2017, Tomo App released Alpha with over 10,000 users

Tomowallet Demo: Completed transaction demo between Tomochain and Eth; Demo digging Tomocoin, trade Demo in Tomochain with near zero fee transaction. See Wallet Tomo: https://wallet.tomocoin.io

Knowledge sharing app TomoApp: A beta version is available on the Apple App Store and the Google Play Store

3. Development team

Long Vuong is project leader, CEO of TomoChain and founder of Tomo app, co-founder and the former project lead of very successful NEM blockchain (New Economy Movement). PhD candidate in economics.

Son Nguyen is Chief Technology Officer, Director of Engineering of Tomo app. Son is an experienced and accomplished technical leader, founder of the Blockchain Developer group with more than 700 developers. Master degree in Engineering.

Tung Hoang Front-end Engineering Manager, Co-founder of Tomo app; product manager, frontend engineer, open-source contributor. Tung is a versatile engineer who get almost everything done in the fastest time possible.

Minh Chu is Blockchain and Product Leader, Chief Cloud Architect of VCCloud — one of the biggest “AWS like” local cloud service in South East Asia. Minh has a deep technology research expertise and is a security expert.

4. Advisors

Ho Le Advisor, more than 10 years of experiences in Finance, Investment and Management at the highest level. Director of Investment Banking at HCM securities.

Chelsea Lam: Advisor, Co-founder of Munchee application, an ex-Googler and worked at Vmware. Blockchain and Marketing enthusiast.

Androklis Polymenis also known as “kLee”: Advisor, LinkedIn, Co-founder of CryptXO Investment/Trading group, a cryptocurrency veteran involved with Bitcoin and cryptocurrency since 2011. A well-known angel investor and philanthropist in his home country Greece and in Europe.

Min Kim: Advisor, Founder of Blocultural Studios and Head of BD at The Bee Token. Previously Chief of Staff of Civic, previously worked with Tim Draper on PR and marketing on blockchain initiatives.

TomoCoin has announced that the group greeted new advisors for project support:

Mr. Roger Lim is an experienced angel and blockchain investor, serving as director of the Qlink Foundation. An advisor for Bluzelle, SelfKey, The Key, Coinfi, Fortuna Capital, Jet8. He is also a partner of a VC firm specializing in tech investments in China and a successful entrepreneur who founded and grew WebVision, a cloud hosting company.

Mr. Antoine C. Najjarin is currently working as head of strategy and operations at Devery.io, a product verification platform which sold out its public sale in 17 seconds after caps lifted. Antoine is a lawyer with experience working with the Australian state government and previously studied at the University of Oxford and the University of Technology, Sydney.

Mr. Hoang Nguyen is a co-founder and VP of Research and Development at WeTrust.io, a decentralized platform for financial products whose ICO raised more than 100.000 ETH in early 2017. Hoang is currently leading the world-class engineering team at WeTrust advised by renowned blockchain scientists in the industry such as Prof. Emin Gun Sirer; Head of engineering at BitGo, Benedict Chan; and Ethereum founder, Vitalik Buterin. We are delighted to get helps from Hoang in designing and testing our high-performance blockchain infrastructure solution that integrates with Ethereum blockchain.

Shekhar Bhusannavar: Advisor, General manager at Meed Fintech and Biz development director at Timo bank, Shekhar is originally from India and have more than 30 years of experiences in biz development, partnership, marketing and financial technology.

Chance Du: Advisor, General partner at Coefficient Ventures, Investors in Protocol Lab and Atrium LTS, Mentor in Alchemist Accelerator.

TomoCoin has announced that the group greeted new advisors for project support:

Mr. Roger Lim is an experienced angel and blockchain investor, serving as director of the Qlink Foundation. An advisor for Bluzelle, SelfKey, The Key, Coinfi, Fortuna Capital, Jet8. He is also a partner of a VC firm specializing in tech investments in China and a successful entrepreneur who founded and grew WebVision, a cloud hosting company.

Mr. Antoine C. Najjarin is currently working as head of strategy and operations at Devery.io, a product verification platform which sold out its public sale in 17 seconds after caps lifted. Antoine is a lawyer with experience working with the Australian state government and previously studied at the University of Oxford and the University of Technology, Sydney.

Mr. Hoang Nguyen is a co-founder and VP of Research and Development at WeTrust.io, a decentralized platform for financial products whose ICO raised more than 100.000 ETH in early 2017. Hoang is currently leading the world-class engineering team at WeTrust advised by renowned blockchain scientists in the industry such as Prof. Emin Gun Sirer; Head of engineering at BitGo, Benedict Chan; and Ethereum founder, Vitalik Buterin. We are delighted to get helps from Hoang in designing and testing our high-performance blockchain infrastructure solution that integrates with Ethereum blockchain.

Shekhar Bhusannavar: Advisor, General manager at Meed Fintech and Biz development director at Timo bank, Shekhar is originally from India and have more than 30 years of experiences in biz development, partnership, marketing and financial technology.

Chance Du: Advisor, General partner at Coefficient Ventures, Investors in Protocol Lab and Atrium LTS, Mentor in Alchemist Accelerator.

5. Token distribution

How will those use?

6. TomoCoin — Ethereum of Vietnam?!

If NEO is considered as Ethereal of China, ICON is called Ethereum of Korea, TOMOCOIN is like a first ETHEREUM of Vietnam. The evaluation is based on the analysis of the following factors:

COMPARE TOMOCOIN AND OTHER CRYPTOCURRENCIES

As you can see through the comparison table of Bigcoinvietnam, TomoCoin currently dominates the transaction processing speed (maximum 2 seconds) while Ethereum averaged 10 seconds, Bitcoin 7 seconds. TomoCoin’s gas charge is particularly small compared to its current competitors compared to it (<1 gwei) while the transaction fee is close to zero.

The following is a technical specification, persons who do not learn about technology can be ignored.

TECHNICAL SPECIFICATIONS

All the advantages of Ethereum are fully utilized by TomoCoin. In addition, the main consensus algorithm that TomoCoin is using is the Proof of Authority, and in the near future TomoCoin’s core team will focus on building masternode, POS.

7. Development plan

8. TomoCoin Community

At present, TomoCoin is focusing on developing technology and attracting capital through private-sale from investors and large funds that can support long-term development projects in the US, Singapore, Hong Kong … as well. Developing marketing strategies in the international market so in Vietnam, TomoCoin project is quite new. However, according to Bigcoinvietnam, if the project launches marketing promotion channels as other ICO projects, the coverage will be spread, because this is a project is quite potential in terms of application, technology and have small hardcap.

The current community channels of TomoCoin are:

Telegram (Vietnam): https://t.me/tomocoinVN

Telegram (international): https://t.me/tomocoin

Twitter (international): https://twitter.com/TomoCoin_io

Medium: https://medium.com/tomocoin

Facebook (international): https: //www.facebook.com/tomocoin

Facebook (Vietnam): https://www.facebook.com/tomocoinvietnam

Bitcointalk: https://www.facebook.com/tomocoinvietnam

Review of Bigcoin Vietnam on TomoCoin:

Bigcoin Vietnam is a 24/7 professional analysis team of ICO and crypto with with 39 analysis criteria. Bigcoin Team only analyzes and invests based on technology and practical application of Coin (No MLM, HYPE, FOMO by community).

Bigcoinvietnam’s evaluation:

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* Note: All information posted on BigcoinVietnam is evaluation based on Core team’s research, not financial advice. Cryptocurrency investment is a venture capital investment, so do not borrow money for investment. Always do your own research before making an investment decision.

HYPE: Indicates the spread of the project to the community on Telegram, bitcointalk, redit, Slack, Medium, Tweeter, Steemit, Fb, Articles, …
RISK: The risk rating of the project is based on Team elements, Idea project, project transparency, project roadmap, Whitepaper.
ROI: Index of Return on Investment in USD
TERM: Short-Term Investment Rating (Short, Medium, Long Term) for capital strategy.