TomoChain (TOMO), aimed at enhancing the scalability of the Ethereum (ETH) network, is a cryptocurrency project launched in December 2018. TomoChain directly targets to increase the number of transactions per second on the Ethereum network. The Ethereum network hosts thousands of decentralized applications and due to its capacity of only 15 transactions per second, it leads to record-breaking transaction fees.
The TomoChain network was developed and launched in 2018 by Long Vuong, who is also the founder and CEO of TomoChain PTE company. In addition, Vuong, who served as a founding partner of the NEM blockchain project, is one of the most recognized names in the cryptocurrency sector.
The fundamental feature that distinguishes TomoChain from other projects is its use of the Proof-of-Authority consensus structure and having a 2-second block confirmation time. This enhances the scalability of the ETH network.
What is TomoChain (TOMO)?
At the time of writing, TomoChain Coin ranks 194th with a total market value of 211 million dollars. The unit price of TomChain Coin is 2.61 dollars. Although the total supply of TOMO Coin is 100 million, only 80 million TOMO are in circulation.
TOMO seems to be lagging approximately 14% behind its all-time high. However, TOMO has achieved a 900% increase in one year.
Where to Buy TOMO Coin?
To buy TOMO Coin, you first need to open an account on the Binance cryptocurrency exchange. After opening an account, TOMO Coin can be purchased with many trading pairs.
To buy TOMO Coin on Binance, simply follow the steps below:
- Send USD balance to the exchange to buy TOMO Coin, or instead, you can buy a cryptocurrency that can be used. First, go to the Binance homepage, click on the “Buy Crypto” option in the top left, then click on the “Credit/Bank Card” tab.
- In the opened tab, select how much USD you want to transact with, then mark Tether, that is USDT, from the Coin section.
- After purchasing USDT, again preview the “Buy-Sell” option in the top left and click on the “Classic” tab.
- In the opened section, select the USDT tab from the top right, type TOMO in the search button, and select the opened TOMO/USDT pair below.
- Then, go to the “Buy TOMO” tab in the middle, select the amount of purchase, and complete the transaction.
