What does the company/project do?
The Tomocoin ICO and TMC token offer a new solution to the problem of smart contract scalability. The ability to handle a larger number of transactions per second would exponentially increase the utility of smart contracts for a number use cases.
Issues
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.
Tomocoin solution
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.
Rating
- Team: 4/5
- Advisors: 4/5
- Product - Proof of concept: 5/5
- Product - MVP: 3/5
- Token Economics - Token utility: 5/5
- Business Evaluation - Market potential: 5/5
- Hype and media presence: 4/5
concerns:
As another smart contract protocol enters the field, there will be competition not only with other contenders but also with Ethereum itself.
The Tomoapp has 10k+ downloads. While the existing user base will carry over into the tokenized app, realistically speaking this adds very little value in and of itself.
OPPORTUNITIES:
Fixes scaling issues of Ethereum Network
Testnet already working at https://stats.tomocoin.io/
Zero fee atomic cross chain transactions (already to be tested between Tomo and ETH). The cross-chain scaling offered by Tomochain is a noteworthy hallmark of the project. As Tomochain continues to scale the network, the benefits will be important for attracting developers and businesses.
Wallet lets you store Tomocoin as well as other ERC20 tokens and swap them in future in between
Amazing team with stellar Advisors
Verdict
If NEO is considered as Ethereal of China, ICON is called Ethereum of Korea, TOMOCOIN is like a first ETHEREUM of Vietnam. 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.
We’ll be placing a medium bet on on shorterm and very bullish on longterm view.
#tomocoin #poc #270750