What is TomoCoin? Tomochain is an innovative solution to the scalability problem with the Ethereum blockchain. Tomochain plans to supportShow more [+] 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.
Welcome back to Tomo Discussion in first half of June.
After a crazy May full of events and big updates, we take some time to settle down a bit and look at back to the project.
We joined the Blockchain Forum - Vision and Development was organized under the direction of the Ministry of Science and Technology. This forum is considered as the first Blockchain event ever in Vietnam with the participation of many partners, representatives of governments, consultants, and Vietnamese businesses. This is an important event for policymakers to connect and discuss recommendations on Blockchain in the near future. Long, on behalf of Tomochain as a blockchain startup, brought up his request to the government in term of building a legal corridor for attracting foreign investment so that the projects can thrive at their best in the good conditions.
One of reasons we are quite recently is we are focusing on a series of a comparison between Tomochain and 4 other projects which are EOS, Casper FFG, ADA and Tendermint. The 1st overview Blockchain comparison overview: EOS.IO, Casper FFG, Cardano, Tendermint and Tomochain was released yesterday by our research team. I recommend you should read it, very informative and many interesting insights, it is obvious giving you a clearer idea about what Tomochain is doing.
Finally, many questioned why Twitter or Telegram so quite recently and when big exchanges.
Regarding the 1st concern, as I said it above, it is a time we need to look back to what we have done since ICO in March, evaluate it to know where we are & what we accomplished so far and continue developing the product. It is necessary to build up a next strategy based on the current/predicted market and the experience in order to grow at a stable speed.
When it comes to big exchanges, as you know, we are not allowed to discuss over it until it's done. The market is red and almost everything crashes. The price wont rocket just because of exchanges, but the community does. By helping us educating people and spreading news about Tomochain project, you contribute significant to a stable growth of Tomochain. The more people know and understand what Tomochain can bring to them, the more value your TOMO is added. The price is determined by the demand and supply - Exchanges are where the trade happens. So the COMMUNITY is the KEY. You join us as a Tomo holder so you are part of the project, be responsible to your investment. An empire cant be built by a single person, but we are together can make it happen, of course, not in 1 month or even a year.
Admin Marweko (he is very familiar to Tomo telegam chat I believe) on telegram chat said:
"I have to say my opinion even if im an admin in here .... i personally dont think at all its a good idea to start heavy marketing or any big exchanges if there is no product yet finished .. or a very bad market for the last months .... Long Vuong have clearely said many times he os not looking for hype but for healthy growth wich comes with real product and great community support .... i see to much (when big exchanges,when marketing) but a real investor who knows the potential in what he invest dont really care about the price before the product is out and great adoption is using it ! Nothing is out yet and still peolple are expecting the team to throw hundred of thousands even millions on the table to shill the undone project just to satisfy people who clearely are only here for the money and not the product ... sadely for them they will learn at hard that the team is not here for that but more to change the blockchain infrastructure as we know it ! This is the best time to accumulate ...if not just close the computer go do something better of your days until q4 and all the product will do its magic ! Rome wasnt built in one day and same with huge projects ... this is not TRON."
I think he got a point!
P/S: We are running a Hackathon on 21st-22nd June in Hanoi. It is so exciting to meet teams and listen to their ideas. If you are interested, feel free to join us. A new Tomochain office tour is waiting for all attendees!