Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $42,705,446,041 | Market Cap: $2,606,928,197,891
TomoChain
TOMO
$1.73
Sector
Smart Contracts
Exchange Debut
2018-03-09
Market Cap
167,826,654
Maxim Supply
∞
Circulating Supply
97,223,551
Circ. Supply(%)
∞
TomoChain
TOMO
Price
$1.73
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
6367174
1.831644271702
1.714629747338
Change 24h
Change 7d
Change 30d
-5.6759
-4.3695
24.4603
Maxim supply
Circulating supply
Circulating supply(%)
∞
97,223,551
∞
The opinion of artificial intelligence (AI), based on the fundamental analysis of the TomoChain cryptocurrency:
TomoChain, a blockchain infrastructure released in December 2018, aims to address the scalability issues associated with the Ethereum blockchain. Despite its noble objective, our fundamental analysis of the TomoChain cryptocurrency reveals a middling performance, scoring an overall 4.43 out of 10. The project exhibits varying degrees of strength and weakness across seven key criteria.
SOCIAL & MASS MEDIA: Score 4,0 out of 10
Social and media presence for TomoChain is lackluster, scoring 4 out of 10. While its community activity on social media platforms shows promise, earning a score of 6, its ability to attract followers and its media presence are below average. One major area of improvement is to enhance the presence in the media, which scored a disappointing 1 out of 10.
AUDIT & SECURITY: Score 2.73 out of 10
The fundamental analysis of the TomoChain cryptocurrency reveals severe shortcomings in the area of Audit & Security, with a score of 2.73 out of 10. Transparency is its strong suit, scoring 5, but it falters in audit results, which could potentially dissuade serious investors.
TOKENOMICS: Score 4.83 out of 10
Tokenomics is another aspect where TomoChain underperforms, scoring 4.83. Both inflation and decentralization of the monetary mass present challenges, with respective scores of 3 and 3.5. The overall token economy could benefit from a more carefully designed strategy.
ECOSYSTEM DEVELOPMENT: Score 4.8 out of 10
Ecosystem Development is fairly moderate, scoring 4.8 out of 10. The project appears to be treading water rather than making significant strides, with both objectives and plans for new developments scoring an average 5.
TEAM & DEVELOPERS: Score 2.8 out of 10
Our fundamental analysis of the TomoChain cryptocurrency indicates that the team’s experience is a significant bottleneck, scoring only 1 out of 10. However, they have a strong developer force, which earns a perfect score of 10. The project may benefit from bringing on board more experienced industry veterans.
PRODUCT & UTILITY: Score 5.6 out of 10
The Product & Utility section receives a modest score of 5.6, indicating that while the project has some utility, there’s room for improvement. The tokens in the ecosystem receive a score of 5, suggesting that they could be better integrated for enhanced functionality.
PARTNERS & INVESTORS: Score 4.75 out of 10
With a score of 4.75, the number and quality of partners and investors are mediocre. While there is some traction in partnerships, the project needs to bolster its investor relationships for long-term sustainability.
Fundamental analysis of the DIMO cryptocurrency – The final conclusion
Based on the fundamental analysis of the TomoChain cryptocurrency, the project presents both risks and opportunities. While it shows promise in aspects like community engagement and developer strength, it falls short in critical areas such as security and team experience. Potential investors must weigh these factors carefully. The project has liquidity but lacks in audit and transparency, suggesting a high risk for investors. Moreover, the underwhelming social media presence and limited ecosystem growth indicate that the investment opportunity is, at best, moderate. Thus, this analysis suggests a cautious approach toward investing in TomoChain.
What is TomoChain?
Unique Features of TomoChain
Launched in December 2018, TomoChain (TOMO) aims to address the scalability issues of the Ethereum (ETH) blockchain. The project works on boosting the transactions per second (TPS) capacity to create a more efficient infrastructure for decentralized apps (DApps). The end-goal is to enhance smart contract scalability, integration, and security, thereby making the blockchain more practical for real-world applications.
The Masternode System and Transaction Speed
The platform adopts a proof-of-authority consensus mechanism and employs a masternode system. TomoChain offers remarkable transaction speed with a 2-second confirmation time and minimal transaction fees. Those who wish to become a masternode candidate need to deposit 50,000 TOMO. They can resign, but the deposited TOMO remains locked for a specific number of blocks.
Cross-Chain Transactions and Other Benefits
In addition to its unique features, TomoChain supports cross-chain transactions between Ethereum and TomoChain without any fees. It also offers built-in exchange protocols, ICO smart contract templates, and API support for token insurances and integrations. The shift to a masternode system has also made TOMO a mintable currency.
Conducting a fundamental analysis of the TomoChain cryptocurrency reveals its focus on solving crucial blockchain issues, like scalability and utility in real-world use cases. Masternodes play a pivotal role in this ecosystem, contributing to both block creation and verification while earning TOMO rewards. The platform is well-suited for those looking to invest in a blockchain designed for high-speed transactions and robust smart contract functionality.
- Latest analysis update: September 2, 2023
TomoChain - TOMO performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
