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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
$2.67
-$0.0034 (-0.13%)
Avatar
Zak Killermann
Updated . What changed?
Fact checked

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's in this guide?

  1. How to buy TomoChain
  2. What is TomoChain?
  3. Where to buy TomoChain
  4. TomoChain at a glance
  5. Price performance over time
  6. How to sell TomoChain

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 181st largest cryptocurrency in the world by market cap, valued at $228,943,219. The current price of TomoChain is $2.74, which is 0.076% lower than yesterday. Prices have ranged between $2.74 and $2.61 over the past 24 hours. All prices are listed in US dollars and accurate as of July 30, 2021 12:07 UTC.

Where to buy TomoChain

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.

TomoChain at a glance

Information last updated July 30, 2021 12:07 UTC.
Coin symbolTOMO
Total TOMO supply100,000,000
Circulating TOMO83,667,388
Current priceUS$2.74
Notable team membersLong Vuong
PartnershipsNeo, Vietnam Ministry of Education and Training
IndustryBlockchain scaling
Token usesGovernance, staking
NetworkTomoChain

TomoChain price performance over time

Historical prices compared with the price of US$2.74.

1 hour 3.02%
24 hours 0.08%
7 days 2.22%
14 days 2.87%
30 days 4.99%
60 days 13.40%
200 days 57.42%
1 year 88.92%

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).

Coins similar to TomoChain (TOMO)

Bitcoin

Bitcoin

$39,868.00

-$160.87 (-0.40%)

Ethereum

Ethereum

$2,407.11

+$104.88 (4.56%)

Binance Coin

Binance Coin

$319.70

+$5.54 (1.76%)

Solana

Solana

$32.03

+$3.74 (13.20%)

Serum

Serum

$3.74

+$0.32 (9.31%)

TomoChain (TOMO) in news

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.

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