TomoChain

Building an efficient blockchain infrastructure for decentralized applications, token issuance and integration

[Short general description]: TomoChain aims to build an efficient blockchain infrastructure for decentralized applications, token insurance and integration.         

TomoChain and TomoCoin seamlessly intent by merging an ecosystem of social and consumer applications integrated with cryptographic tokens used by millions of mainstream users with a unique blockchain infrastructure arhitecture, allowing for fast, frictionless payments and a secure, decentralized, and trusted store of value. 

 

[Main problems tackled]: TomoChain presents itself as an innovative solution to the scalability problem with the Ethereum blockchain in particular and with all current blockchain networks in general. They say this can be achieved by supporting horizontal scaling via adding more second layer blockchains with good performance integrated with Ethereum network for backup and atomic cross-chain transfer. 

TomoChain is envisioned to be a network of chains that support instant confirmation, near zero transaction fee, and smart contracts which will be an ideal solution for decentralized apps, token issuances and token integrations for small and big businesses alike.

 

[Main contribution proposal]: TomoCoin as the protocol token which governs and regulates infrastructure. The TomoApp aims to build a new decentralized social network with a built-in cryptocurrency.

 

TomoChain feature plan includes: 

1) proof of authority consensus based on ethereum codebase 

2) masternode and servicenode system

3) two second confirmation and zero transaction fee for transactions; 

4) supports for all Ethereum smart contracts; 

5) API support for token issuances and integrations;

6) zero-fee atomic cross-chain transactions; 

7) mining, cashing in and cashing out features based on smart contracts; 

8) node protection against spamming algorithm; 

9) built-in exchange protocol and ICO smart-contract templates; 

10) decentralized governance application. 

 

Lastly a TomoWallet, a secure user-friendly coin wallet which will allow to safety store TomoCoin, Ethereum and other coins and tokens on Ethereum or TomoChain. Messages between users and APIs for 3th party bots and applications will also be integrated. 

 

[Improvements]: Instantaneous financial transactions within the TomoApp.

As mentioned TomoChain is to be seen as a  solution to scalability problems. The use of Proof of Authority and node building in multiple locations to ensure a highly secure database. Standardized APIs for third parties. The use of Artificial Intelligence for a number of features within the TomoApp. Search and recommendations in order to connect users. Reward engine and contributor score which through a algorithm will calculate relative contributions based on the quality of content in a given period based on factors such as: likes and comments. 

ICO Rating Analysis
Team Evaluation
5.00 / 5.00
Product
4.00 / 5.00
Token Economics
4.00 / 5.00
Business Evaluation
4.20 / 5.00
Hype and media presence
4.00 / 5.00

Analysis

Team - Founders:
Are the founders known? Do they have relevant experience and connections?
5
  • 1. Unknown people. No serious background information available.
  • 2. Partial information available, no relevant experience.
  • 3. Background information available, no relevant experience.
  • 4. Solid, relevant background and connections available.
  • 5. Solid, well known, experienced and well connected founders.
Team - Advisors:
What level of commitment, experience and connections do the advisers bring?
5
  • 1. No reputable advisors with relevant experience.
  • 2. Few advisors with little to no relevant experience.
  • 3. Advisers with relevant experience.
  • 4. Reputable advisors with relevant experience and connections.
  • 5. High profile highly experienced, well connected and committed advisors.
Product - Technology Layer:
Is the product innovative? Does it contribute to the blockchain ecosystem?
4
  • 1. No, the product is just a clone with no contribution.
  • 2. The product is a dapp with minimal interest and little contribution to the ecosystem.
  • 3. The product is a dapp, exchange or protocol addressing a real problem or need.
  • 4. Innovative product offering a solution to a high interest problem.
  • 5. Innovative protocol tackling critical problems of highest interest.
Product - Proof of concept:
Is the proof of concept comprehensive? Does it address a real problem or need?
4
  • 1. No, incoherent concept or no need for it.
  • 2. Difficult concept to understand, hardly any need or problem to solve.
  • 3. Clear concept which addresses a real problem.
  • 4. Clear, well thought concept which addresses a real problem of high interest.
  • 5. Exceptional proof of concept addressing a critical problem.
Product - MVP:
Has the concept been tested? Is there an MVP? How far is the launch?
4
  • 1. Untested concept.
  • 2. Initial tests, no MVP.
  • 3. MVP ready, Alpha launch.
  • 4. MVP ready, Beta launch.
  • 5. Fully working initial product.
Token Economics - Token utility:
Does the token have any utility? Is it a core function to the network?
4
  • 1. No, the token has no utility.
  • 2. Token has a limited, unclear utility.
  • 3. The token has some added, but not inherent value.
  • 4. The token is embedded in the network and has inherent value.
  • 5. The token has both inherent and added value and is embedded at the core of the network.
Token Economics - Network effect:
Are strong network effects built into the system? Are incentives aligned to encourage the growth of the network?
4
  • 1. No network effects built in.
  • 2. Minimal network effects, unclear incentives.
  • 3. Network effects and incentives present.
  • 4. Solid network effects with clear incentives due to inherent utility.
  • 5. Strong network effects, aligned incentives and high utility value.
Business Evaluation - Valuation:
Is the valuation reasonable ? Sufficient but not too high for the scope of the project?
4
  • 1. No, the valuation is ludicrous, the project could do with 1/10 of the sum.
  • 2. Valuation is higher than the project would need. Likely a money grab.
  • 3. Valuation is reasonable for the scope of the project.
  • 4. Valuation is modest for the caliber of the project.
  • 5. Valuation is impressively modest relative to the high caliber of the project.
Business Evaluation - Market potential:
What is the market potential? Does the project look like it could penetrate the market and conquer the world?
5
  • 1. No clear market potential.
  • 2. Limited market potential.
  • 3. Reasonable market and growth potential.
  • 4. Solid market and growth potential.
  • 5. Exceptional market and growth potential.
Business Evaluation - Competition:
Does the project have competition? How strong does it look relative to its competition?
3
  • 1. Awful position competing with many strong players.
  • 2. Weak position facing strong competition.
  • 3. Reasonable position facing strong competition.
  • 4. Solid position facing weak competition.
  • 5. Exceptional position, facing almost no competition.
Business Evaluation - Supply sold:
Does the team distribute a reasonable amount of the tokens so as to encourage create strong incentives and network effects?
4
  • 1. Negligible supply, greedy team.
  • 2. Small supply, poor incentives.
  • 3. Modest supply, weak incentives.
  • 4. Reasonable supply, responsible team.
  • 5. Large supply, solid inventive, committed team.
Business Evaluation - Vesting:
Does the team have a sufficient stake to have aligned incentives? Do they have a vesting schedule implemented?
5
  • 1. Large stake, no vesting.
  • 2. Small stakes, no vesting.
  • 3. Modest stakes, no vesting.
  • 4. Reasonable stakes, modest vesting.
  • 5. Solid stake, healthy vesting.
Hype and media presence:
Is the project present on social media and chats? Is there interest for it?
4
  • 1. No presence, negative image.
  • 2. Modest exposure and no interest.
  • 3. Reasonable exposure and modest interest.
  • 4. Solid exposure and high interest.
  • 5. Exceptional exposure, high interest and considerable hype.
Final Score
4.31

Team

Member
Long Vuong
Founder & Project Lead
Son Nguyen
CTO
Minh Chu
Blockchain and Cloud Lead
Tung Hoang
PM & Co-founder

Advisors

Androklis Polymenis
Co-founder of CryptXO Investment
Min Kim
Head of Biz Development at The Bee Token
Roger Lim
Director of the Qlink Foundation
Chance Du
General partner at Coefficient Ventures
Shekhar Bhusannavar
General manager at Meed Fintech
Antoine Najjarin
Head of strategy and operations at Devery.io
Ho Le
Director of Investment Banking
Hoang Nguyen
Co-founder and VP of R&D at WeTrust.io

Updates

Title
Published at
How to start building an ICO Smart Contract
6 months ago
Blockchain Applications in life — ICO is a hot shot!
6 months ago
A vision of the Internet of Value [Part 1]
5 months ago
A vision of the Internet of Value [Part 2]
5 months ago
Blockshow in Singapore November 29–30
5 months ago
Tokenization
5 months ago
Ms. Ho Le — Tomocoin Advisor Announcement
5 months ago
TOMO releases a demo version of TomoWallet
4 months ago
TOMO Community update January 7, 2018
4 months ago
Mr. Hoang Tung — Tomocoin Team Member Announcement
4 months ago
TOMO releases the TomoWallet (demo version) on Android
4 months ago
Tomo Guideline - How to connect MetaMask Wallet to Tomochain
4 months ago
Mr. Chu Duc Minh— Tomocoin Team Member Announcement
4 months ago
Meetup with Tomocoin in Singapore on 24th Jan, 2018
4 months ago
An announcement of new additions of advisors
3 months ago
Tomocoin Public Sale — Proof Of Caring Campaign Announcement
3 months ago
Community update February 17, 2018
3 months ago
Tomochain and BitLearn Plan Partnership to Create the #1 Decentralized Gamified Learning Application on the Blockchain
3 months ago
Proof of Care Result Announcement February, 24th, 2018
3 months ago
The Tomocoin Public Sale is Live
2 months ago
Tomocoin Public Sale Guidelines
2 months ago
Tomocoin Public Sale Announcement: March 1st at 12PM Singapore time (SGT)
3 months ago