Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure

How to buy TomoChain (TOMO) in the US

A beginner's guide to buying and selling TOMO in the US.

TomoChain
TOMO- USD
ALAMEDA-RESEARCH-PORTFOLIO
$2.29
- $0.37 ( - 13.79%)

How to buy TomoChain

Look for an exchange that supports both fiat and cryptocurrency to simplify buying TomoChain.

  1. Open an account on an exchange that supports TOMO.
    Jump to our instructions to learn how to bridge — just remember that using a DEX can be complicated and may be more risky than using a CEX.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy TomoChain.
  3. Buy TomoChain.
    Complete your TomoChain purchase and then find the best wallet to store TOMO.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is TomoChain?

TomoChain is an Ethereum Virtual Machine (EVM) compatible blockchain that seeks to help solve the many different scalability issues being faced by major crypto platforms today. The system allows users to facilitate low fee transactions all while providing fast confirmation times. Furthermore, the ecosystem makes use of certain niche’ “randomization” and “double validation” protocols so as to maintain a high level of data integrity, internal security and individual privacy. TOMO is the native cryptocurrency of the Tomochain ecosystem. It is required by network participants for facilitating network transactions and staking.

TomoChain (TOMO) is the 303rd largest cryptocurrency in the world by market cap, valued at $197,510,404. The current price of TomoChain is $2.32, which is -0.314% lower than yesterday. Prices have ranged between $2.66 and $2.25 over the past 24 hours. All prices are listed in US dollars and accurate as of October 27, 2021 05:10 UTC.

Where to buy TomoChain

If TOMO is not available on exchanges in your local market, then you may need to use a decentralized exchange (DEX). Decentralized exchanges run on blockchains like Ethereum and allow users to trade directly with one another without the need for a middleman.

Decentralized exchanges are unregulated and run on autonomous pieces of code known as dApps. To use a dApp you interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.

  1. Find TOMO on a decentralized exchange and make sure TomoChain can be traded for ETH which is the native asset of Ethereum. Popular DEXs include:
  2. Buy ETH to trade for TOMO – you can find check a list of exchanges that sell ETH.
  3. Transfer the ETH into a personal wallet to trade for TOMO using a web 3.0 wallet like MetaMask to connect to the DEX.

Is it a good time to buy TomoChain?

The technical analysis gauge for TomoChain displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of TomoChain based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of TomoChain: moving averages, oscillators and pivots. Finder is not responsible for how TOMO performs.


TomoChain at a glance

Information last updated October 27, 2021 05:10 UTC.
Coin symbol TOMO
Coin Marketcap US$197,510,404
Total TOMO supply 100,000,000
Circulating TOMO 85,145,504
Current price US$2.32
Notable team members Long Vuong
Partnerships Neo, Vietnam Ministry of Education and Training
Industry Blockchain scaling
Token uses Governance, staking
Network TomoChain

TomoChain price performance over time

Historical prices compared with the price of US$2.32.

1 hour -13.71%
24 hours -0.31%
7 days 0.49%
14 days -11.92%
30 days -3.31%
60 days 7.45%
200 days 11.03%
1 year -28.16%

How to sell TomoChain

You can cash out your TOMO with the same exchange you bought it through:

  1. Sign in to the exchange you have TOMO on.
    If you store your TomoChain in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of TOMO you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of TomoChain.

What to consider when buying TomoChain

Below are the aspects you should consider before investing in TOMO:
  • Fast and scalable: TomoChain’s functional output depends on a set-up that includes a total of 150 masternodes. These masternodes make use of a Proof of Stake Voting (PoSV) consensus model to help facilitate transactions that are not only instant but also feature very little transfer fees.
  • High throughput: While Bitcoin is currently able to process around 5-7 transactions (tx) per second and Ethereum is able to handle around 20, TomoChain claims to offer a transaction throughput rate of around 2,000 transactions.
  • Solid backing team: The project is headed by co-founder and CEO Long Vuong, who has previously been associated with a number of high-profile projects, including NEM. Le Ho is TomoChain’s co-founder and CFO. She has previously served as the director for HSC Securities’ Investment Banking Division. Lastly, the company has also been able to bring onboard its advisory panel a number of reputable industry leaders including Roger Lim from NEO Global Capital and Kambria co-founder Thuc Vu.
  • Employs sharding: To help with its scalability efforts, TomoChain employs sharding, wherein data sets are broken down into smaller fragments that are subsequently processed in conjunction with each other, thus allowing for faster information relay within the network.
  • Token supply mechanics: TomoChain also makes use of a variable supply token model, wherein a total of 100 million TOMO can come into existence during the first 8 years of the project’s life cycle. However, following this period, the platform’s masternodes have the option of increasing the currency’s total supply by 0.5-1 million tokens per year (which works out to an inflation rate of around 0.5%-1% per annum).

Disclaimer: Cryptocurrencies, including TomoChain, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of TOMO is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the TomoChain or any other cryptocurrency discussed.


More guides on Finder

  • How to stake Tron

    Find out how to stake your TRX tokens and how Tron’s delegated proof-of-stake consensus mechanism works.

  • How to make NFTs

    Find out all you need to create your own NFTs – the new application of blockchain technology that enables digital ownership of assets.

  • How to buy Illuvium (ILV) in the US

    This guide will show you step-by-step instructions on how to buy the Illuvium (ILV) token as well as a list of exchanges you can trade it on.

  • Socios.com review and guide

    Socios.com is a sporting app that uses blockchain technology to bring fans closer to their preferred football clubs

  • How to stake and earn Tezos (XTZ)

    Find out how to leverage XTZ token holdings to earn interest. Stake in the Tezos blockchain or provide liquidity to a DeFi protocol.

  • How to buy dYdX (DYDX) in the US

    This guide will show you step-by-step instructions on how to buy the dYdX (DYDX) token as well as a list of exchanges you can trade it on.

  • Columbus-5 Terra upgrade: LUNA’s deflationary moment explained

    On September 30, Terra mainnet upgrade Columbus-5 is set to bring a new wave of functionality and investment to Terra and Cosmos.

  • How to buy Monsta Infinite (MONI) in the US

    This guide will show you step-by-step instructions on how to buy the Monsta Infinite (MONI) token as well as a list of exchanges you can trade it on.

  • SuperRare Review and Guide

    True to its name, SuperRare is an NFT marketplace that focuses on crypto art tokenized on the Ethereum blockchain. The result is part marketplace and part social network for the artistic side of the NFT community.

  • What is Rarible? Review and guide

    Buy and sell unique digital assets on the largest NFT marketplace in the crypto space.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site