Buy TomoChain (TOMOE)

What is TomoChain ERC-20?

TomoChain ERC-20, often represented by its symbol TOMOE, is a token on the Ethereum blockchain that mirrors the value of TOMO, the native cryptocurrency of the TomoChain blockchain. TomoChain is designed to be highly scalable, using a Proof-of-Stake Voting (PoSV) consensus mechanism. This version of TomoChain allows for integration with Ethereum-based applications, leveraging the security and widespread adoption of the Ethereum network while offering low transaction costs and fast execution times.

How does TomoChain ERC-20 work?

TomoChain ERC-20 functions by representing an equivalent amount of native TOMO on the TomoChain blockchain. Through a bridge known as TomoBridge, users can swap TOMO and TOMOE, allowing seamless transfer between the TomoChain and Ethereum networks. TomoChain itself uses Proof-of-Stake Voting (PoSV) as its consensus mechanism, involving stakeholders voting for masternodes which facilitate block creation and validation, ensuring security and decentralization.

What are the potential use cases for TomoChain ERC-20?

TomoChain ERC-20 (TOMOE) can be used across various domains:

• Decentralised Finance (DeFi): By supporting platforms like TomoDEX, TOMOE facilitates trading and lending on decentralised exchanges.
• Gaming: It can serve as an in-game currency or reward within gaming applications.
• Token Issuances: Projects can issue tokens on TomoChain thanks to its support for EVM-compatible smart contracts.
• Cross-Chain Interoperability: TomoBridge allows asset conversion between different blockchains, enhancing TOMOE's usability across platforms.

What is the history of TomoChain ERC-20?

TomoChain was founded in 2017 by a team led by Long Vuong. The project's mainnet launched in December 2018 after a successful ICO earlier that year. TomoChain introduced several key platforms like TomoDEX and TomoBridge around 2020, enhancing its DeFi capabilities and cross-chain functions. TOMOE originated as an ERC-20 representation of TOMO to support broader usage and integration with the Ethereum ecosystem. Notable partnerships include those with Chainlink and CoinGecko, positioning TomoChain as a robust player in scalable blockchain solutions.