TomoChain (TOMO)

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TomoChain (TOMO) is a blockchain platform that will host smart contracts, which allows for decentralized applications (dApps) to be built using the TomoChain platform.

Our Joke Name

TomoChain = We Copy Steemit

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (TOMO)

Coin or Token

Circulating Supply (55 Million)

Total Supply (100 Million)

Block time (Under 60 Seconds)

Market Cap Ranking

Review

TomoChain (TOMO) is a blockchain platform that will host smart contracts, which allows for decentralized applications (dApps) to be built using the TomoChain platform. TomoChain will be on its own chain which you could say will be a side chain of Ethereum, but will sharing data and value when necessary. The currency of the platform will be TomoCoin which is an ERC-20 token which will operate on the Tomochain blockchain using smart contracts. The white paper can be viewed at https://tomochain.com (Under “Our Vision” 37 Pages).

Key Features

  • Tomo App
  • Tomo Wallet

Tomo App

TomoChain released its own app called “TomoApp” essentially the app is a knowledge sharing app that rewards users for answering questions, similar to STEEMIT. All valuable content is rewarded in the form of TomoCoins which can be used for services from other apps within the TomoChain network or even within the app itself to boost your own posts/videos, pay for access to private channels, buy items on the marketplace and give gifts to your favorite streamers. Secure and Private messaging is mentioned but I can’t see anything to back that up. The app is currently available on IOS, Android and on the Web.

Tomo Wallet

The TomoWallet is yet to be fully rolled out but is planned to store all Ethereum ERC-20 Tokens. The wallet will work like any other wallet mechanisms which allows you to store, transfer and receive.

Conclusion

Overall TomoChain doesn’t really provide anything that other projects have already done or are in progress, as this project is similar to Steemit there really isn’t anything that makes them look better. Also, they are yet to actually release most of the project, they are really taking their time and making sure supporters regret choosing them, for TomoChain to improve they will need to be different or have key advantages over competitors and they need to get their arse into gear and get this project underway.

 

Pros

  • Rewards users
  • Platform

Cons

  • Similar to Steemit
  • Features missing
  • No backing (asset, profits, commodity)