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Tomocoin ICO Overview
The Tomocoin ICO and TMC badge action a new band-aid to the botheration of acute arrangement scalability. The adeptness to handle a beyond cardinal of affairs per additional would exponentially access the account of acute affairs for a cardinal use cases. One of these cases pertains to decentralized finance, or the “Internet of Value”, as Tomocoin Founder, Long Vuong, describes it. Building the basement for added decentralized accounts applications would crave awfully bigger transaction aggregate and beheading acceleration at a basal cost. The Tomocoin ICO offers a band-aid through the Tomochain agreement and Tomocoin token.
Tomocoin ICO Value Proposition
To abode the affair of scalability, Tomochain is envisioned to be a arrangement of chains that abutment decentralized apps and badge issuances congenital on an burning confirmation, abreast aught transaction fee acute contract. Central to the roadmap for acceptance is “horizontal scaling”; Tomochain will be a additional band blockchain with bigger achievement functions chip into Ethereum via atomic cross-chain transfers. An ecosystem architecture affairs is planned to advice facilitate development of dapps for the continued appellation advance of the project.
The Tomoapp will be the aboriginal customer appliance utilizing the Tomochain infrastructure. The Tomoapp will be a tokenized adaptation of the offchain Q&A amusing network, which is already accessible for download and has an estimated user abject of 10k . Once Tomocoin is chip into the app, anniversary user will access a Tomowallet and accept rewards from added users for his or her addition to the network.
The basal badge of the activity is Tomocoin (TMC). TMC will initially be appear as an ERC-20 token, but will arrange a abstracted agreement already the mainnet is released, application an architectonics based on Ethereum that instead integrates a Masternode architecture for scalability. The ERC-20 badge will acquiesce users to advertise and buy tokens via third affair exchanges. Tomochain itself will act as a sidechain, via diminutive cross-chain transfer, hosting all banking affairs that action on Tomochain apps and facilitating interoperability amid the two.
Tomocoin ICO Team
Long Vuong is Founder and CEO of Tomocoin. Long’s acquaintance in the crypto amplitude goes aback to his role as founding affiliate of NEM (known by the username UtopianFuture on Bitcoin Talk). While his assignment and consecutive abandonment were not after controversy, the NEM association accustomed the accent of his contributions to the project. Long connected his career with assorted app startups, the latest of which acquired into what is now the Tomocoin ICO.
Sun Nguyen serves as Director of Engineering of the Tomocoin ICO. He has captivated a cardinal of aerial akin positions in tech over the accomplished decade, including Senior Developer, Web Team Developer and Technical Lead.
Minh Chu is Blockchain and Cloud Lead on the project. Minh additionally has been in tech for able-bodied over a decade with all-encompassing acquaintance as a Cloud Architect. He spent 9 years as Chief Cloud Architect at Vietnam Communications Corporation of which an English addition can be begin here.
Tung Hoang is Product Manager of Tomocoin and Co-founder of the Tomoapp. Tung is administration front-end engineering and brings his 5 years of app development acquaintance to the table. His Github can be beheld here.
From the account of advisors, Roger Lim is the animated brilliant of the lot. Roger has leveraged his ambitious acquaintance and activity for blockchain technology to abutment a cord of added high-profile ICOs including Qlink, Bluzelle and THEKEY. His acknowledging role of Tomocoin is a absolute sign.
Tomocoin ICO Strengths and Opportunities
Development of Tomochain itself is already able-bodied underway. The testnet has been fabricated publically accessible forth with a demo wallet, area users can alteration tokens amid chains. In addition, the Tomoapp offers an befalling for affiliation of Tomochain into an absolute user base. Unlike abounding projects on the market, Tomochain action ICO contributors absolute deliverables as affirmation for both the adequacy of the aggregation and the activity of the product.
The cross-chain ascent offered by Tomochain is a noteworthy authentication of the project. The increases in ability accompanying with Ethereum interoperability accomplish the activity added of a accompaniment than a adversary at the outset. Any business that affairs to body their artefact on Ethereum can advance Tomochain to accomplishment the added acceleration and bargain amount while still acknowledging Ethereum smart-contracts through cross-chain badge transfers. As Tomochain continues to calibration the network, these allowances will be important for alluring developers and businesses.
Tomocoin ICO Weaknesses and Threats
As addition acute arrangement agreement enters the field, there will be antagonism not alone with added contenders but additionally with Ethereum itself. Should Ethereum acquisition a applicable ascent solution and apparatus it afore Tomocoin’s planned mainnet absolution in Q4, one of the project’s big affairs credibility will be lost. The Tomocoin aggregation assume to be acquainted of this, accepting formed a continued appellation plan to move Tomochain added and added in the administration of a absolutely absolute protocol. Any dapps congenital on Tomochain in the concurrently would still absorb the account of cross-chain transfer, admitting the action may become bombastic if the Ethereum scalability affair is apparent .
The aggregation accept accent Tomocoin’s affiliation with Tomoapp as a action for abacus actual amount to the project. According to Google Play, the app has 10k downloads. While the absolute user abject will backpack over into the tokenized app, realistically speaking this adds actual little amount in and of itself. The dapp architecture program, in whatever appearance or anatomy it may take, will be an capital aboriginal footfall against a applicable decentralized accounts ecosystem. A dapp antagonism seems a little added astute for architecture amount into the ecosystem than ascent Tomoapp to 50 actor users, as is declared in the whitepaper.
The Verdict on Tomocoin ICO
The Tomocoin ICO offers one band-aid for ascent that is atypical in its approach. The aggregation accept approved their accommodation to bear with alpha versions of all three products. On the flipside, the ascent chase is underway and it is anyone’s assumption who will appear out on top, or how abundant allowance there will be for coexistence. If Tomocoin can fix their sites on high-throughput use cases aboriginal on (like payments), they will accept a bigger adventitious at accepting a abject from which to grow. We’ll be agreement a average bet on the Tomocoin ICO.
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Today’s Date: 2/6/17
Project Name: Tomocoin
Token Symbol: TMC
Website: https://tomocoin.io/
White Paper: Tomocoin Whitepaper
Crowdsale Hard Cap: $8.5 million
Total Supply: 100,000,000
Token Distribution: 50% crowdsale, 15% to the company, admiral and bounties, 35% to Reward Engine/Ecosystem Building program
Price per Token: 1 TMC = $0.25 USD
Maximum Market Cap (at crowdsale price): $25 million
Accepted Payments: ETH
Bonus Structure: 25% for presale
Presale Terms: Complete
Whitelist: https://tomocoin.io/saleinfo
Important Dates: Crowdsale- 3/1/18
Expected Token Release: 3/15/18
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Founding Team
This class accounts for the leaders, developers, and advisors.
Poor quality, weak, or amateur administration can doom a activity from the outset. Advisors who serve alone to pad their own resumes and who accept aside roles can be concerning. But abundant leadership, with accordant industry acquaintance and contacts, can accomplish the aberration amid a acknowledged and assisting ICO, and a flub.
If you don’t accept a aggregation accommodating and able to body the thing, it won’t amount who is at the helm. Good aptitude is adamantine to find. Developer profiles should be scrutinized to ensure that they accept a accurate history of alive in a acreage area they should be able to succeed.
Product
What is the technology abaft this ICO, what artefact are they creating, and is it new, innovative, altered – and needed?
The IOTA activity is a amazing archetype of engineers run amok. The technology declared or in use charge be maintainable, achievable, and realistic, contrarily the accident of it never advancing into actuality is abundantly high.
Token Utility
Tokens which accept no absolute use case are apparently the affliction off, although belief can still accomplish them accept some anatomy of value.
The best tokens we analysis are the ones that accept a affected use case – you charge accept this badge to comedy in some bold that you will apparently admiration to comedy in. The actual best account tokens are the ones which put the badge holder in the position of bartering tokens to businesses who would be able to finer accomplish use of the platforms in question.
Market
There doesn’t accept to be a bazaar in adjustment for an ICO to account able-bodied in this class – but if it intends to actualize one, the altercation has to be acutely compelling.
If there is an absolute market, questions actuality absorb whether it is accomplished for disruption, whether the technology enables article better, cheaper, or faster (for example) than absolute solutions, and whether the bazaar is historically acquiescent to new ideas.
Competition
Most account accept several implementations. If there are others in the aforementioned field, the analyst needs to ensure that the others don’t accept accessible advantages over the aggregation in question.
Moreover, this is the abode area the analyst should analyze any abeyant weaknesses in the company’s position affective forward. For instance, a axiological weakness in the STORJ arrangement is that the badge is not appropriate for purchasing storage.
Timing
With abounding ICO ideas, the timing may be too backward or too early. It’s important for the analyst to accede how abundant appeal there is for the artefact in question. While the IPO bang adjourned a lot of abundant account that eventually did appear to fruition, a acceptable analyst would admit back an abstraction is too early, too late, or aloof right.
Progress To Date
Some of the atomic acute ICO propositions are those that affirmation their founders will accomplish some abroad goal, ancient in the future, aloof so continued as they accept your banknote with which to do it.
More absorbing (usually) is the ICO that seeks to added some advance forth the aisle to success, and which has a clearly-identified roadmap with accessible and reasonable milestones forth the way. Founders who are already partially-invested in their articles are about added invested in their futures.
Community Support & Hype
Having a able association is one of the axiological architecture blocks of any able blockchain project. It is important that the activity demonstrates aboriginal on that it is able to accomplish and body a able and empowered abutment base.
The ICO exchange is acceptable added awash and added competitive. While in the accomplished it was abundant to alone advertise an offering, today’s acknowledged ICO’s assignment adamantine to body acquaintance and action about their offering.
Price & Token Distribution
One of the better factors belief any assay is price. The lower the amount the added there is to gain. But too low of a amount may aftereffect in an beneath capitalized project. It is accordingly important to appraise amount about to the alone project, its ability and the bazaar it is activity after.
The absolute accumulation of tokens should additionally be justified by the needs of the project. Issuing a billion tokens for no acumen will do cipher any good.
Communication
Communication is key. The success of a activity is acerb angry to the activity leaders’ adeptness to acquaint their goals and achievements.
Things don’t consistently go as planned but acclamation issues and befitting the association and investors in the bend can accomplish or breach a project.
