Tomochain is our blockchain infrastructure solution to the scalability problem with
Tomoapp and with blockchain technology in general. Tomochain is a public permissioned blockchain with
integrated smart contract functionalities (currently based on the Ethereum code-base) which allows for
nearly zero fee & instant transaction speed with public auditability of financial transaction records.
Tomochain opts to use Proof of Authority and build nodes in multiple locations to make sure the database is in
a highly secure, immutable state. Tomoapp will be the first application utilizing this blockchain infrastructure
which later on will be offered to other companies for token issuance and integrations.
Tomo knowledge sharing application aims to build a social network
focused on video sharing and mobile usabilities, available to anyone, anywhere.
Tomo App will take the social network and sharing knowledge aspects of text-driven
platforms like Quora and Medium and fuse them with the more mobile-friendly format of
short-form videos. It differentiates itself from Facebook, Instagram, and other social networks
by using the cryptocurrency Tomocoin to reward content and knowledge contributors. In turn, content
and knowledge contributors will become early adopters of Tomocoin and help to advocate for the value
and usage of Tomo network and Tomocoin.
The planned allocation of coin are following:
- 50% of coins going to the token sale participants
- 15% of coins going to the company, advisors and bounties
- 35% of coins going to the Reward Engine/ Ecosystem Building program.
TMC's price will be determined by the force of market supply and demand.
On the fundamental level, demand for TMC will be closely related with the popularity
and usage of Tomo application and TomoChain infrastructure. Later on, this demand
will also increase with the capability of using TMC for transactions in physical
locations and the successes of other third party applications in the TomoApp and the d-app
ecosystem around TomoChain. On the supply side, TMC has a fixed supply pre-determined
on the issuance day, but only a percentage of the total coin will be released initially to
the crowdsale participants.
On Tomo App, we will build these features that you can use TMC:
- Set a price for your extended answer to your fans
- Set a price for watching your contents
- Boost a video
- Create a channel and charge a fee to access your channel
- Give virtual gifts to live streamers
- Reward engine integration
- A digital avatar and masks marketplace
- A private messaging system for secure communication
TMC is non-mineable cryto.
But we do have Tomo knowledge sharing application on mobile (iOs and Android) where you can
"mine" TMC by getting involved, answering questions and contributing content.
However, this reward engine is not ready now, it is on our product development.