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Ratings Tomocoin

Building the Blockchain Infrastructure

We are building the blockchain infrastructure for the Internet of Value, Tomochain. TomoCoin is the protocol token to govern and regulate Tomochain infrastructure. TomoChain is an innovative solution to the scalability problem with the Ethereum blockchain. TomoChain plans to support horizontal scaling via adding more second layer blockchains with good performance integrated with Ethereum for backup and atomic cross-chain transfer. TomoChain is envisioned to be a network of chains that supports instant confirmation, and near zero transaction fee which will be an ideal solution for decentralized apps, token issuances and token integrations for small and big businesses. Moreover, TomoCoin is also the native currency within the first project utilizing TomoChain; the decentralized Q&A social network TomoApp.

4.0
7 6 expert ratings
Benchy 3.7
KYC
Experts
4.6
4.5
4.1
Review: coming soon PRO
~$8,500,000
value of tokens sold in ICO

Ended
Token
TOMO
Type
Price in ICO
0.2500 USD
Country
Whitelist/KYC
KYC & Whitelist
ICO start
1st Mar 2018
ICO end
20th Mar 2018
Visit ICO website
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Dr. Rex Yeap
IP Blockchain inventor | Serial ICT inventor | Angel Investor | Quant | Educator | Meditator
Rated on Feb 18, 2018
4
4
4
18%

1. Strong engineering team but not so sure on it's business team.

2. Good use of 'Proof of Authority'.

3. "This Tomo application will be the first social consumer application utilizing TomoChain infrastructure."
I look forward to other applications on the TCI.

4. Functional Tomo apps:
o Android: https://play.google.com/store/apps/details?id=vn.cityme.tomoapp
o iOS: https://itunes.apple.com/us/app/tomo/id1228483510?ls=1&mt=8
o TomoApp.com

5. The referencing in your Whitepaper is a bit messy - room for improvement there.

6. A big following in Telegram (over 18,000 members as of 13 Feb 2018): https://t.me/tomocoin

7. TomoChain may wish to pitch in the Business Angel Network BANSEA.org for additional investments.

8. TomoChain Pte. Ltd. and/or team members may wish to join the Singapore Cryptocurrency and Blockchain Industry Association (ACCESS) https://www.access-sg.org

9. Best wishes for your ICO.

I've some unanswered questions in your Telegram and hope to hear you reply here:
Q1. Any plan to patent aspects of your technology/product?
Q3: Has the company received any angel investment so far (pre-seed or seed)?
Q4: Are the 4 core team members based in Singapore or Vietnam?
Q5. How do you address Identity Theft?

Note: Will revise my ratings after hearing from the team member(s).

----------------------------------

Part 2:

I received answers from Mr. Long Vuong (within 30 mins of asking the 5 questions):
A1) We are developing open source software, and currently has no plan to patent the software. The primary strength is based on community and network effect.
A3) I am self-funding up until the recent ICO
A4) the engineering is working in Hanoi. Business and head quarter is based in Singapore. We are all traveling back and forth a lot.
A5) please elaborate

For A5, I further gave this example "Eve is Alice's step-sister and she used Alice's profile to register an account in Tomo claiming that she is Alice. How does your platform detect that Eve is fake?"

--------------------------------------

Part 3:

Mr. Long Vuong response (within 10 mins):
"This question refers to TomoApp which is actually not a part of the protocol, even though the naming suggests so. So identity system on a TomoApp is likely separated from the private/ public key system on TomoChain."

Post Q&A Action: I've changed the Product score from 3 to 4, and want to change Team score from 4.0 to 4.2


--------------------------------------

Part 4:

Using the "Token Classification Framework", I've created one for Tomocoin: http://ye.sg/download/forum/TCF%20TomoCoin.jpg

Agree
0
Disagree
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Steven Costa Martins
Blockchain Evangelist | Advisor | Investor
Rated on Feb 11, 2018
5
5
4
10%

Aims to solve a significant problem with today's ethereum network which is scalability by. Already have a wallet demo available and a testnet running.
I really like the team with many experts in the field. The only downside is that there's significant competition in the field but if they can get their ideas into a working product it can be a disruptive one.

+2Agree
+2
Disagree
Report
Christian Ng

Rated on Feb 4, 2018
4
3
3
5%
This rating's weight is reduced by 50% as there is no review added.
Bruno Leite
Software engineer
Rated on Feb 10, 2018
5
5
4
7%

Has very low hard cap and it is from same creators of NEM. Looks very promising.

+12Agree
+12
Disagree
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Vincenzo Somma
Senior Software Engineer
Rated on Feb 11, 2018
5
5
5
6%

The idea looks promising. And the team is strong. Is it going to be the next Ethereum or the next Neo ?

+1Agree
+1
Disagree
Report
Inanc Gumus
CTO | Blockchain Due Diligence Expert
Rated on Feb 11, 2018
5
5
5
4%

A new blockchain platform for building dApps from NEM co-founder.

Its test-net is working and they have built the first dApp themselves. I love it.

Time will show how they will deal with their many competitors.

+2Agree
+2
Disagree
Report
Benchy
ICO analyzer bot
3.7
50%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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