What is tomiNet (TOMI)?
tomiNet happens to be a self-governing and parallel internet network seeking to bring forth a viable alternative to the existing WWW (World Wide Web) infrastructure, all in an attempt to offer privacy while bringing true decentralization to current internet users.
Behind TOMI: The Brains of the Operation
Like Bitcoin, tomiNet’s founders have decided to be anonymous. However, the team behind it is composed of around 96 members who are scattered throughout 10 locations globally.
The Journey of tomiNet: From Inception to Launch
Not much is known about its development prior to its launch, at least from what we have gathered, and as for the release date itself, it’s a relatively new project, launching earlier this year, i.e., in January 2023. Since then, it has managed to release a couple of features, with self-sovereign identity passports, or “Tomi passports,” being one of the first to come out.
The Vision Behind tomiNet
Although the internet has provided connectivity, its centralized structure has undoubtedly brought challenges, which the conception of tomiNet seeks to address through blockchain and more.
The Technology Underpinning tomiNet
Within this section, we will be looking at the technological underpinnings of tomiNet, or what makes it work the way it does.
Blockchain Technology in tomiNet
Furthermore, it even blends Web 2.0 and Web3 technologies like DNS and TCP/IP with the Ethereum blockchain so that users can access an affordable, resilient, and quick browsing experience.
Consensus Mechanisms
Since it utilizes Ethereum as the main Layer 1 solution, the consensus mechanism has been determined by that network, which is currently PoS (proof-of-stake). However, it also uses an additional validation mechanism called Proof of Mint (PoM) for the daily distribution of additional TOMI, its native token, within the network.
An Overview of tomiNet’s Structure
Here, we will take a bit of a look at the architecture itself and what it’s composed of.
Nodes and Governance
Moreover, professional cloud providers have been integrated as well in response to the growing demand for computing power and data storage. As for governance, that is left to the DAO that tomiNet has employed. In other words, the community is in charge.
Smart Contracts and TOMI’s Utilization
Since tomiNet’s transactional infrastructure has incorporated blockchain, one will naturally come across smart contracts here, wherein they serve as the code underlying every transaction and its execution, including those of NFTs within its artDAO, bringing in more automation as a result.
The Unique Features of tomiNet
What are some of the things that might make it stand out from the rest, or more specifically, the internet and conventional blockchain networks? Let’s look at that below.
Scalability Solutions
This would be where we mention the TPL (Tomi Privacy Layer), which is tomiNet’s solution that blends both stability and privacy. So, with TPL, an off-chain protocol that utilizes ZK (zero-knowledge) roll-ups is leveraged, which is the approach that tomiNet has employed to enhance Ethereum’s scalability, potentially allowing for better handling of medium or large transactional volumes.
Security Measures
While the network has incorporated a couple of security features, the highlight of it all probably would be the ZK roll-ups we mentioned earlier, as they bring complete confidentiality or privacy when users conduct transactions as well. Other features worth mentioning would probably be those found within its browser, which is built on the Brave browser’s foundation, which itself is already solid.
Comparing tomiNet to Other Networks
What differentiates tomiNet from other blockchain networks like Ethereum, and from conventional banking systems? We will delve into that briefly below.
Ethereum and TOMI: A Comparative Analysis
With tomiNet, it seeks to provide an alternative to the traditional web, one with decentralization, privacy, and data sovereignty. In other words, it seeks to become its own version of the internet. While Ethereum does embody a lot of the ideals pertaining to Web3, which itself is often touted as the next iteration of the web by blockchain enthusiasts, tomiNet does not go the Web3 route and seeks to blend the best of both worlds.
tomiNet vs. Traditional Banking Systems
With tomiNet, since it incorporates DeFi, one doesn’t require going to the bank; the bank is instead brought right to one’s doorstep, with transactions conducted at the press of a button and lower fees and higher throughput to boot when compared with conventional banking.
Getting Started with tomiNet
Let’s now look into how you can get onboard this platform, or tomiNet’s take on the internet.
Step-by-Step Guide to Using tomiNet
Considering the services that it provides, there may be a handful of ways to engage with the platform. For instance, it has its very own browser and cryptocurrency wallet, along with a DAO. So, head over to its official website and select from the options available to engage with the various services being provided.
Acquiring and Storing TOMI Tokens
There are a couple of methods one can utilize to acquire some TOMI tokens. However, the most direct way would be to do that directly from tomiPAY, which is a multichain all-in-one virtual payment system it has employed.
The Economic Model of TOMI
Here, we will now direct our attention a bit towards its native token and go over some of the roles it plays within the tomiNet ecosystem.
The Role of TOMI Token in the Ecosystem
To start with, the token serves as the primary medium of exchange, tradeable with any of the assets it supports, while being integral to the governance mechanism being employed. So, it’s a vital driver for tomiNet’s economy, encouraging active participation while rewarding contributors.
Tokenomics 101: Supply, Demand, and Value
Moving on to tokenomics, the token is currently valued at around $2, with a market capitalization of over $137.6 million and a daily trading volume of $40.4 million. As for supply, there doesn’t seem to be a maximum cap on it, but the total supply as of now is over 112.6 million tokens, with a circulating supply of more than 65.3 million tokens.
The Potential for Investment and Growth
This is hard to determine concretely due to the sheer volatility that the cryptocurrency market can be subject to, not to mention that the project is relatively new, having launched just this year. But, despite being so new, it has traded for a decent amount, with its all-time high being $7.13, although it has dropped by more than 70% since it hit that.
How to Buy TOMI Tokens on Bybit
Within this section, we will go over how one may buy some TOMI tokens on the Bybit cryptocurrency exchange, which is among the leading exchanges out there.
Registration Process Simplified
The buying process will start with registration, and to do that, click on the link below, which will take you to the registration page using a special Coin-Labs referral code. Enter what is needed, like your email address, password, etc.
The Importance of KYC Verification
Once done with registration, you can move on to completing the KYC process here, as it’s needed to access the entirety of the services it offers, along with lifting any possible limits. So, on its verification page, the process may be divided into two parts, which will likely involve you entering some personal information and proving that by providing some documentation photos as evidence.
Funding Your Account
Now, you’ll have to fund your newly created account to buy TOMI tokens, and that will be done on its deposit page. Over there, select the token you feel like depositing, the network supported for it, and a deposit address should be generated after that.
Copy and paste this address into the withdrawal field of an external wallet or exchange, and initiate your transfer from there.
Executing a Trade
Once your account has been properly funded, you can now finally buy the TOMI tokens. However, there will be multiple options available for you to choose from, like spot, futures, P2P, copy trading, and swapping. So, pick one that suits your needs and place your order. Depending on what you select, it may take a while to fill.
Withdrawal Process
After you have your TOMI tokens, you can move on to withdrawing them. On its withdrawal page, select the TOMI token, the network for it, and specify the amount. Once done, paste your wallet’s or exchange’s address within the withdrawal field as the address you want to transfer to. Make sure to maintain consistency when selecting networks, and confirm your withdrawal here.
The Future Outlook for tomiNet (TOMI)
Predicting whether or not a blockchain project will gain any significant value or adoption can be relatively difficult, particularly for rather ambitious newer projects like tomiNet. However, those already invested in what this project has to offer will welcome the recently announced tomiChain, which is the network’s very own blockchain that is currently in its testnet phase. Further developments regarding that may, no doubt, be exciting for them.
Conclusion
What tomiNet has set out to do is essentially a vision for the future of the internet. The world it envisions is a place where users can have control over their virtual identities, where privacy is respected, along with true decentralization. However, whether or not it will ultimately be successful in its endeavors remains to be seen.
tomiNet (TOMI) Basics
Here are some factors that investors should consider before investing in tomiNet (TOMI).
Cryptocurrency Features | tomiNet (TOMI) (TOMI) |
---|---|
Publisher or Developers | anonymous |
Headquarters (Registration Number) | |
Symbol | TOMI |
Platform | multi-chain, tomiChain |
Published Date (CMC Registration) | 2024-12-01 |
Max Supply | No limit |
Reliability Score of tomiNet (TOMI) in 2024
These are indexes mesuring the investment reliability of tomiNet (TOMI) conducted by Coin-Labs.com.
Investment Reliability Rating Items | Scores and Current Status |
---|---|
Company Activation Rate | / 10.0 CAR |
Communication Rate | / 10.0 CR |
Technology Transparency Rate | / 10.0 TTR |
Development Participation Rate | / 10.0 DPR |
Listing Status on the World's Top 10 Exchanges | Listed on 5 Exchanges |
Number of Available Pairs Worldwide | 41 Pairs |
Market Cap of the Cryptocurrency | 101,184,341 USD (Rank #342) |
tomiNet (TOMI) Price
Here are the price and recent trading volume of tomiNet (TOMI). (Data of 2024-12-02 03:40:00)
Price Items | Price and Trading Volume of tomiNet (TOMI) |
---|---|
tomiNet (TOMI) Price | 0.016 USD |
Price Change 24h | 63.13% |
Price Change 7d | 65.26% |
Trading Volume 24h | 36,817,766 USD |
Trading Volume Change 24h | 299.07% |
Cryptocurrency Metadata
You can check the development status and social media information of tomiNet (TOMI) through the links in the table below.
Metadata Source | URL |
---|---|
π Official Website | |
π White Paper | |
π°οΈ Source Code (GitHub) | |
π¦ Twitter | |
π€ Reddit | |
πΊ Message Board |
Where to Buy tomiNet (TOMI)
Here are the top ten world crypto exchanges where traders can buy tomiNet (TOMI) in 2024.
Top10 Exchanges | Listed Status | Page URL |
---|---|---|
Binance | Not listed | |
Coinbase | Not listed | |
Kraken | Not listed | |
KuCoin | Listed | https://www.kucoin.com/trade/TOMI-USDT |
Bitfinex | Listed | https://trading.bitfinex.com/t/TOMI:USD |
OKX | Not listed | |
Huobi | Listed | https://www.htx.com/en-us/trade/tomi_usdt?type=spot |
Bitstamp | Not listed | |
Bybit | Listed | https://www.bybit.com/en/trade/spot/TOMI/USDT |
Gate.io | Listed | https://www.gate.io/trade/TOMI_USDT |
Frequently Asked Questions
What is the current price of tomiNet (TOMI)?
tomiNet (TOMI) price today is 0.016 USD. Furthermore, the price of tomiNet (TOMI) has fluctuated by 63.13% from 24 hours ago, and by 65.26% from a week ago.
Where is tomiNet (TOMI) listed?
Currently, it is listed on a total of 5 among the world top 10 exchanges.
What is the market cap of tomiNet (TOMI) now?
Currently, tomiNet (TOMI) has a market cap of 101,184,341 USD, which is ranking 342 among cryptocurrencies worldwide.
How much is the trade volume of tomiNet (TOMI)?
Currently, 155,815,687 TOMI coins are circulating through 41 market pairs. As a result, in the last 24 hours, 36,817,766 USD of TOMI coins were traded in the market.