TomoChain is an innovative solution to the scalability problem with the Ethereum blockchain in particular, and with all current blockchain network in general. TomoChain plans to support horizontal scaling via adding more second layer blockchains with good performance integrated with Ethereum network for backup and atomic cross-chain transfer. TomoChain is envisioned to be a network of chains that supports instant confirmation, near zero transaction fee, and smart contracts which will be an ideal solution for decentralized apps, token issuances and token integrations for small and big businesses alike. TomoCoin will be the protocol token that govern and regulate this infrastructure. TomoChain will be a critical part of the alternative financial system based on Internet and blockchain technology which is more secure, transparent, efficient, inclusive and equitable than the traditional regime.
The Tomo application will be the first consumer application utilizing TomoChain blockchain infrastructure. Tomo application aims to build a new decentralized social network with a built-in cryptocurrency. In this social network, each contributor role is highlighted and rewarded; user privacy is respected and micropayments are easy, cheap and fast. Tomo application approaches this goal by focusing on building a Q&A social site in which a network of contributors are answering questions and creating valuable content. All Q&A contents are publically available to create a public library of instructional videos and answers. It is planned that TomoCoin will be the native currency within Tomo application.
A big part of TomoCoin will be used in a Reward Engine/ Ecosystem Building program as a reward for developers and early contributors. With the Reward Engine, Tomo application users will have a built-in economic incentive to create valuable content that will help “bootstrap” the social network’s knowledge base until a network effect kicks in. At the same time, TomoCoin will gain a fundamental value by being the native crypto-currency of the social network. Each Tomo application account will integrate a coin wallet and will use this credit for financial transactions within the application. The Ecosystem Building program for TomoChain will help to create a diverse set of d-apps and token community utilizing the technology and supporting the development of the infrastructure for the long term.