TomoChain is a project whose main goal is to solve the scalability problems of the Ethereum blockchain. Fast transaction processing speed along with increased security are the factors that will allow the use of smart contracts universally in the real world. In the current review, we propose to consider what innovative technologies are introduced into the project, what makes TomoChain unique, and whether it is worth trading TOMO.
What is TomoChain (TOMO)?
TomoChain is basically the Layer-2 EVM-compatible blockchain with high performance, minimal time to confirm a transaction (only 2 seconds), and almost zero fees. The goal of the project is to become a powerful engine for many successful blockchain projects and support thousands of different blockchain-based applications. It solves some of the main problems of modern blockchains, such as scalability, speed, security and the creation of forks. To ensure greater security and privacy, the project has integrated such functions as: Double Validation, Randomization, and the TomoP protocol. The blockchain has its own Proof-of-Stake Voting (PoSV) consensus with a new reward mechanism.
Why should I exchange Tomochain?
You can make a significant profit by exchanging TOMO for a number of reasons:
- Over the past year, TOMO quotes have increased by 257.2% according to Coingecko. According to Digitalcoin, by the end of 2021, the price of TOMO will reach $3.96 and will only grow.
- The TOMO cryptocurrency has an extremely volatile nature, but with a tendency to grow. You can competently use trading strategies to make money on fluctuations in the value of TOMO.
- TOMO is prone to sharp and significant price increases, throughout its development, the asset has updated one record price after another.
On July 19, 2021, the project reached a market cap of $220,369,819. And the price of TOMO is $2.64. On April 10, 2021, the project updated its all-time high and the cost of one coin reached $3.63. TOMO’s all-time low was set on March 13, 2020, when the price fell to $0.1407.
Where to exchange Tomochain
According to CoinMarketCap, the best exchanges to buy or sell TOMO are:
- Binance – an exchange has a large daily volume. It provides an opportunity to trade cryptocurrency at a basic and advanced level.
- FTX – works with both retail and institutional traders. It provides low fees, trading with a leverage of up to 101x, and charts from the TradingView service.
You can also exchange TOMO 24/7 via the 7b crypto broker. The 7b enables users with the access to more than 2000 crypto pairs, you can monitor price changes directly in the application, and you do not need to have additional knowledge, such as reading graphs, and complex trading tools, etc.
How to exchange Tomochain using the 7b crypto broker app?
With 7b user-friendly interface, the exchange of TOMO can be completed in just a few clicks:
- Download 7b application to your smartphone.
- Log in to your account.
- Transfer the funds to your balance.
- Use the search bar to quickly find TOMO.
- Select the cryptocurrency to exchange and enter the desired amount.
- Done! We will perform all complex actions for you, waiting for the coins to arrive at your account.
FAQ
Is TomoChain a good investment?
TomoChain offers an innovative approach to solving the scalability problems of blockchain projects. The development team has already demonstrated its capabilities, which significantly affected the value of coins. TOMO quotes have increased by more than 250% over the past year, and those who managed to invest in the asset have made an excellent profit. According to Digitalcoin and some other sources, the value of TOMO will only increase, so adding it to your crypto portfolio is a profitable investment.
How do I invest in TomoChain?
You probably already know that investing in cryptocurrency involves certain risks, just like any other investment. It is important to be able to analyze the asset price chart yourself, using such reliable platforms as CoinMarketCap or TradingView. And also choose the most reliable way to store your coins. To purchase TOMO on 7b, transfer funds to your balance, use the search bar to instantly find TOMO, enter how many coins you want to buy, and confirm the payment.
How to trade TomoChain for beginners?
It is advisable for beginners to adhere to a strict money management policy. Learn how to set stop loss and take profit levels correctly and do not give in to the temptation to change them during the trading process. A crypto broker, like 7b, is the best place for novice traders, everything is extremely simple: install the application, track the TOMO price chart, choose the right moment to buy or sell, enter the transaction amount, and place a market order.
What is the TomoChain Blockchain?
TomoChain is an EVM-compatible open source blockchain based on masternodes, running on a modified PoSV consensus algorithm. Solves the scalability problems of blockchain applications, providing security, near-zero fees, speed, and privacy.
