Probably people who are interested in the ICO of the Tomochain project still remember the "fierce battle" PoC (Proof of Care) on 11/02/2018. Within 24 hours, nearly 6,700 people applied to register in the PoC campaign. If you wanted to join Crowdsale, you had to show your real interest in the project by writing reviews, making videos or designing photos ... about Tomochain, then posted them on social networking sites as a way of demonstrating your understanding about blockchain in general, and Tomochain in particular, as well as showing your level of interactivity and interest in the project. However, among the participants, only 1,350 people were selected for the KYC round and were entitled to buy Tomo with the remaining funds for Crowdsale at 1 million USD because previously the project had called for about 7.5 million in Private sale. Because of that, many people did not pass PoC or did not know Tomochain early may regret missing the opportunity to invest ICO.
Many people who missed Tomochain's ICO would be saddened to know that the Tomochain team is constantly making attempt to improve and upgrade the technology with an aim to developig the project. As predicted by may expertises in cryptocurrency, Tomochain has a lot of potential for development and Tomocoin is likely to increase the price in the near future.
Let Bigcoin Vietnam update the latest information about this project!
+ From the $ 8,575,000 hardcap in the ICO, the market cap of this project is up to $ 45,059,685; increased by 3.28 times in US dollar and 4.65 times in ETH
Updates from Icogens
+ Tomo is listed on various cryptocurrency exchanges including Hotbit, KuCoin, DDex, Idex, Gate.io
Here is an update on the situation of trading Tomo on these exchanges on 10/06/2018
Sàn giao dịch
Change 24h (%)
Note: Statistics are relative because the data is constantly changing in the exchanges.
TomoChain ($ TOMO) Chat: 15,819 members
TomoChain (TOMO) Vietnam: 976 members
The international Facebook community: 6,884 likes, 7,003 followers
The Facebook community for Vietnamese: 993 likes, 1,045 followers
+ Medium: 433 followers
Compared to the ICO, the International Telegram Group used to have about 18,000 members. Currently, this figure has dropped to over 15 thousands, mainly because many people were discouraged because of not participating in the purchase of Tomo during the ICO, so they left the group. However, over 15,000 members are not a small number compared to many current ICO projects, especially Tomochain is a project from Vietnam, a country with few hot ICO projects when compared with other many countries like China, Korea, Russia or Singapore.
Tomochain aims to build a knowledgeable community of blockchains and projects rather than just attract the community aming to FOMO as many projects. That could also be a reason that Tomochain ran the former PoC program.
+ Consensus mechanism:
The demo wallet and testnet version of Tomochain demo now use Proof of Authority. However, the Tomochain team plans to launch a new version of Testnet using the PoSV algorithm - Proof of Stake Voting. Although there is no detailed information about this algorithm in the technical paper of the project, Tomochain team expects PoSV to help expedite the transaction confirmation time.
+ In the fourth quarter of 2018, Tomo will officially launch the mainnet combining both PoS and PoSV.
Double Validation: This mechanism enhances the security and integrity of the system
+ Some ICO projects have master node system using Single Validation mechanism. Specifically, for each validation, each master node (M) will in turn create its own block. For example, M1 creates block 100, and M2 will validate this block 100. If M2 is honest, M2 will get rid of block 100. However, if M2 corporates with M1 to cheat, block 100 is still validated. Continuously, M2 creates block 101, and M3 will validate block 101 and then M3 will also create its own block. This process is continued with the remaining Master nodes in the system. This mechanism is likely to create fraudulent and invalid blocks in the system.
+ Meanwhile, dual authentication requires that both M2 and M3 to validate the block generated by M1. In case M2 cheats and validates block 100, M3 will still remove block 100 even if it has enough signatures from M1 and M2, then creates another a valid block 100. The possibility of M1, M2 and M3 collusion is very low because M2 will be randomly selected in the dual authentication mechanism.
+ The system will have a maximum of 99 master nodes. A node that wants to register as a master node must first have 50,000 Tomo.
+ Those with Tomocoin can also receive rewards by voting out effective master nodes.
The Tomochain team is considering the application of Sharding technology in the launch of mainnet in Q4, because they think that this architecture will be more efficient than the Master nodes.
26/2: Tomochain announced a partnership with Bitlearn (an online learning ecosystem) to build the Tomo App, which helps Bitlearn's students submit questions to their teachers through video streaming.
8/3: Tomochain and Bigbom Eco announced a comprehensive partnership. BigBom Eco is a dApp that uses ERC-20 technology on the Ethereal platform, which is a decentralized advertising ecosystem for the online advertising industry. Combining the technology between Bigbom Eco and Tomochain can provide near-zero transaction fees, dramatically increasing the amount of transaction space and authentication time which overwhelm other rivals on the Ethereum platform.
20/3: Tech in Asia and Tomochain establish a partnership. Tech in Asia is the online information site for media, events and work for the Asian tech community. Tech in Asia will receive service payments with Tomocoin and Ether.
Cooperation between Tomochain and Tech in Asia
2/4: Tomochain announced a partnership with Binkabi, a financial technology company that uses blockchain to address agricultural issues in developing countries. Tomochain will help the exchange with fast speed, low cost, secure and high security through the application of blockchain into the agribusiness platform. In addition, Tomochain also allows Binkabi to issue tokens, which help manage price and financial risks.
Tomochain and Binkabi are at the signing ceremony of the cooperation agreement between the two parties
6/4: Tomochain has set up a partnership with 0chain, a Korean ICO project. These two projects are looking the opportunities to cooperate with an aim of developing a distributed consumer ecosystem in Asia with a flexible storage and computing platform.
The representatives of Tomochain and 0chain are at Blockbuster # 1 Seoul
4/5: Strategic cooperation agreement between Tomochain and Vnext, a company that develops artificial intelligence applications in business has been confirmed. The two sides hope to integrate Blockchain technology and artificial intelligence to create breakthrough solutions for applications such as auditing, finance or risk management for decentralized application systems.
Representatives of Tomochain and Vnext met each other on a partnership agreement
14/5: Tomochain announces a partnership with Midas. Midas includes the Midas Protocol and the Midas Foundation for profit from the Midas Protocol and the Midas ecosystem to support ICO startup projects. Tomochain will help Midas build the blockchain ecosystem in Asia. Tomochain's CEO, Mr. Wang Wang is one of the advisors for Midas.
Information about upcoming events Tomochain will join / organize:
Links of events
Blockchain Forum - Trends and Development Vision, Hanoi, Vietnam
2018 Asia Digial Asset & Blockchain Congress – Tokyo, Japan
Tomochain Hackathon - Hanoi, Vietnam
In addition, after the ICO, Tomochain has successfully organized many events to promote the project. Tomochain team also actively participate in conferences and seminars on Cryptocurrency and Blockchain. Here are some pictures of the Tomochain team at recent events.
CEO of Tomochain shared at PolicyPal Network Hackathon, Ho Chi Minh City
TomoChain at the Vietnam Blockchain Festival 2018
Mr. Long Vuong, CEO of TomoChain attended the NYC BlockAsia 2018 event
TomoChain participates in the World Digital Assets Summit 2018
TomoChain at the HeyBlockchain 2018 event
CEO TomoChain attended the Southeast Asia Blockchain conference in Hanoi
The TOMO team has built a strong belief in the community both inside and outside Vietnam thanks to active technology updates as well as regular organization / participation in blockchain events and pre-coding. Based on the development progress of the project and the potential of the development team, Tomocoin's growth potential in the forthcoming Mainnet launch in Q4 is very high.
Hopefully in the future, Vietnam will have many high-quality projects like Tomochain!
Please regularly follow the articles from Bigcoinvietnam to update the latest news about Tomochain as well as new and hot ICO projects. Thank readers for your interest in this article!