TomoChain Price Chart Update [TOMO]

TomoChain is a blockchain network that employs a delegated proof of stake consensus mechanism consisting of 150 masternodes. The primary objective of TomoChain is to establish a public EVM-compatible blockchain that offers various benefits such as low transaction fees, rapid confirmation times, double validation, and randomization for heightened security.

TomoChain PTE. Ltd. was established in 2017 by Long Vuong, Le Ho, Son Nguyen, and Tung Hoang. This company serves as the parent organization of TomoChain. In March 2018, TomoChain conducted its initial coin offering (ICO) and successfully raised $8.5 million.

The primary aim of the TomoChain blockchain is to create an extensive product-based ecosystem that facilitates the development of high-performance blockchain projects. The alpha version of Tomoapp was introduced in Q2 2017, and the development of TomoChain's blockchain began in Q4 2017 on the Ethereum blockchain. The testnet was launched in August 2018, and the mainnet was completed by the end of the same year. During the mainnet launch, the ERC-20 token of TOMO was exchanged at a 1:1 ratio for TOMO, which acts as the native token of the TomoChain blockchain.

TomoChain's vision is to address the scalability issue of the Ethereum blockchain by implementing the Proof-of-Stake Voting (PoSV) consensus mechanism. The mission of TomoChain is to play a leading role in the development of the Internet of Value and its underlying infrastructure.