submitted by alexngn201 to Tomochain [link] [comments]
Hi everyone. Pleased to be here! Thank you for taking your time to join me.
I’m the Chief Business Development Officer for TomoChain.
Educationally I graduated university with degrees in both Industrial Engineering and Economics from Georgia Tech, and later earned an MBA from the Wharton School of Business.
I grew up as a gaming addict and have a video game collection that is a bit unwieldy. Dozens of consoles and, at one point, over 13 classic arcade machines.
So, before crypto, I spent much of my profession in the gaming space. I was a Game Designer, Game Producer, and eventually Studio Head for a major games studio that was recently purchased by Rockstar Games. I have run my own game-related tech businesses as well.
I fell into crypto back in 2014, and over time it became a second passion of mine as I began to truly understand the value of decentralization. True ownership of data was not possible until Bitcoin came along and that is simply a powerful and game-changing message to a world structure built on an opposing foundation.
TomoChain is a Public Blockchain powered by Proof-of-Stake Voting. TomoChain launched into Mainnet 1 year ago in December 2018. It is secured by 150 Masternodes, of which I’m proud to be an operator myself. TomoChain is EVM Compatible and runs at a speedy 2000 TPS with a 2 Sec Blocktime. Gas fees are almost zero too.
Based out of Vietnam, TomoChain is Southeast Asia’s largest public blockchain. We are focusing on developing a full suite of DeFi products. We also have commercial and enterprise clients. TomoChain has a number of major crypto-partnerships including notables like Neo Blockchain, Chainlink and Crypto.com. Our Masternode network is run by some of the most recognizable players in the space as well, including Neo Global Capital, CoinGecko, HashQuark, KuCoin, and more large players are on the way.
TomoChain earned its place onto Binance.com with a fee-free listing last year by winning the BinanceDEX community vote in August 2019. Binance has written us up in a detailed Binance Research Report and awarded us the V-Label. We have also been in a number of their reports, including those related to Dapps and DeFi. We have been interviewed by Forbes.com official and had an in-person interview at NASDAQ, in the heart of Times Square, about TomoChain and our upcoming TomoX Protocol.
In China, specifically, we have been integrated into and have solid relationships with various blockchain players including HashQuark, HashKey, CoboWallet, Conflux, and many others. We launched an Ecosystem Development partnership with Neo Blockchain last December and co-hosted a meetup + workshop with them as well.
GEARED FOR REAL WORLD USE
Now, let’s talk about how TomoChain has been built for real-world use.
We’re looking at Payments & DeFi as low hanging fruit when it comes to user adoption and TomoChain is developing a suite of tools to support this. The biggest challenge for having users benefit from Blockchain on a day-to-day basis is how much friction is involved to acquire, store and use it. Even stable coins are dual currency systems. The Stablecoin and then the Native Token to pay gas fees. Blockchain is simply not user-friendly.
Our view is that the true solution for Blockchain adoption by the world is end-users shouldn’t need to know they are using blockchain technology at all. It should be a hidden technology layer, similar to payment processor settlements or even the internet distribution centers/routers that power this very AMA we’re all participating in right now. Do we need to know the underlying technology infrastructure to use them? Nope.
We are developing a system to hide this friction, so the TomoChain blockchain can be integrated into real-world applications that you use every day on mobile or web.
There are 3 protocols that we are building to enable this future: (1) TomoZ: Zero Friction (2) TomoX: The DEX Protocol (3) TomoP: The Privacy Suite.
TomoZ: Zero Friction - Our TomoZ protocol is a core starting point to the solution for mass market use of blockchain technology. TomoZ: Zero Friction allows for token issuance and use by having gas fees paid by the token itself. That means you don’t need TOMO to send transactions. You don’t even need to know you’re using the TomoChain blockchain.
So you could buy a cup of coffee at a café using loyalty points that are TomoZ tokens. The customers redeem for their coffee or earn it, but they don’t even have to know it’s a blockchain token which they actually own.
This approach is structured to enable the next million-plus users to utilize blockchain as a technology layer. After all, the real value of any Blockchain is in its utilization of high-quality transactions.
Now, TomoZ transactions aren’t FREE. It actually does use TOMO, but that’s hidden from the end-user. The way it works is that the token issuer deposits a small amount of TOMO into a pool. Every time the token is sent, TOMO is taken from this pool to pay the Masternodes.
The key is that the end-user doesn’t need to get involved with internal workings, which is why we call it the Zero Friction protocol
Now let’s talk about TomoX: The DEX Protocol
TomoX is an upcoming DEX Protocol that allows anyone to launch their on permissionless Decentralized Exchange in minutes. It requires very little technical knowledge making it a near turn-key solution.
TomoX is the fastest DEX experience since it’s a Layer 1 protocol. This means it’s run and secured by the entire TomoChain network. Our Masternodes manage the DEX instructions directly, rather than other DEXs that operate as a Layer 2 protocol. What this means is TomoX DEXs will operate at about 50x faster than a typical 0x exchange. That significantly improves the end-user experience.
TomoX DEX operators have access to a shared liquidity pool across all DEXs. That means a user buying on one DEX can be matched with a user selling on another DEX. Of course, Operators can customize and choose which tokens to include.
TomoX is fully decentralized since the Order Book is on-chain. Many other semi-decentralized exchanges store the OB on a centralized service in order to speed up the execution. That means there is a centralized point of weakness for them. TomoX minimizes custody and security challenges that centralized exchanges have too since all users are always in possession of their assets.
TomoX is currently in testnet and you can checkout TomoChain’s own DEX, aptly called TomoDEX, here: https://dex.testnet.tomochain.com/
Here is a link to get some free Testnet TOMO that can be used on the testnet version of TomoDEX: https://faucet.testnet.tomochain.com/
And finally, there is TomoP: Privacy Suite - TomoP is currently in testnet and is going to be the FASTEST way to send tokens privately. 2-4 seconds fast!
Any token issued on TomoChain will be able to utilize TomoP to send privately and anonymously. And that’s not all. We are including access to wrapped BTC, ETH, USDT, and other tokens that can also utilize the blazing speed and privacy that TomoP will offer.
Dapp privacy is a major part of TomoP. It is going to allow for the creation of Dapps to be built to handle customer data with true privacy, including from the Dapp operators themselves. This can jumpstart a new wave of applications geared towards hiding user information, transactions, assets owned, etc.
We are issuing a new token standard (TRC21p) which will be purely private. The only data available will be on its token supply. Token issuers can optionally provide auditing access to enforcement authorities to meet regulatory compliance. What this means is if the next Global PayPal/Skrill/Alipay competitor can build their service right on TomoChain and meet the most basic criteria required to stay above board in many jurisdictions.
If you guys want to check TomoP on testnet go here and login: https://wallet.testnet.tomochain.com/
Get some free Testnet TOMO that can be used with the TomoP testnet: https://faucet.testnet.tomochain.com/
Questions from the host
1. It’s been stated that TomoChain was on track to be a cash flow positive business, is it currently cash flow positive? What services or products is it offering to bring in this revenue?
Yes, absolutely. Our plan is to be cash flow positive this year. This really goes back to the level of experience our executive team has. Everyone is seasoned, having come from different fields, in big business and startups. Before the crazy boom of ICOs and IEOs, raising funding for traditional startups required considerable proof that there was market fit, that there were actual customers to drive revenue, and a model for growth.
We knew that TomoChain’s funds raised during the ICO were for a space that has yet to prove itself so the company had to be smart in budgeting for an uncertain future. And part of that initial preparation was selling much of the ICO proceeds into fiat. Something MANY blockchain startups did not do, largely due to ambitious teams that are also headed by very inexperienced leaders. So while the bubble burst, we had capital to continue operations and to even scale it.
And, we ARE running a business. A sustainable business requires us to identifying areas to generate income in order to minimize risk and to sustain the business in the long term. So we do both consulting and services work by helping clients to develop wallets, launch tokens (Orbyt), build exchanges (AIS), and of course enterprise solutions on the blockchain of which we have clients based out of Japan and in the Middle East using blockchain for traceability solutions across various industries from automotive, healthcare, and food.
2. What is the most strategical step TOMO is doing to bring adoption of TOMO coin to our daily lives?
Empowering businesses with a truly scalable blockchain that can be used by thousands and millions of users. We see user adoption of blockchain coming from businesses that base their solutions on blockchain technology. And, TomoChain has a number of real income-generating companies that have built on us, from exchanges to payment services to enterprise clients. Not bad for 1 year I say, especially during a stagnant market. Here are some examples.
UcarPac – A Top 10 User Car company in Japan is building traceability solutions on the blockchain. We completed a POC at the end of last year. After the assessment, the client decided it was solid and commissioned Phase 2 to expand the development of the project for commercialization purposes
Triip Protocol – Triip is a destination service for travelers to book vacations powered by Blockchain. Triip is a Shark Tank Vietnam alumnus, and the first ICO on TomoChain. Users can book tours and staycations using Triip or TOMO tokens.
WisePass – A service that sells subscription services to get discounted Starbucks, Singha Beer, and even makeup (of all things) integrated TomoChain as a payment solution
“Undisclosed Vendor” – Soon to be announced, a large player in the corporate gift giving business is also launching a Dapp on TomoChain to allow for them to make purchases with TOMO across thousands of items.
Maka - A peer-to-peer marketplace to conveniently buy/sell TOMO and other blockchain tokens using standard payment gateways, including e-wallets and bank transfers.
Coin98 – A local Vietnam crypto media company launched an App to allow for their community to earn their TomoChain token called C98 and use it for products and services geared around investors and gamers. The reception has been HUGE. 95,000 users and generating 500K+ transactions on our blockchain within 3 months of their launch! They are proving that innovative new business models can be adopted relying on and being blockchain specific.
3. Do you have any plans to collaborate with developers or attract more Dapps built on TomoChain?
We are today. Our founders run the largest Blockchain Developer community in Vietnam and we work with a number of them to help develop solutions on the blockchain.
Our team has held Hackathons a few times over the last couple years and we have done developer workshops too, including one with Neo Blockchain. And this year we are working closely with educational institutions to launch blockchain courses in Vietnam.
Every Dapp developer we work with is a partner. We try to provide as much support as possible, both technical and marketing. A number of Dapps are games on TomoChain and we hold contests regularly to promote the developers and their titles.
Since we are focusing on alleviating the friction of blockchain technology, we are building out an API that will make it even easier for developers to integrate blockchain into standard applications. This is intended to allow standard non-blockchain application developers to operate in an environment they are accustomed to while also having the benefit of blockchain technology accessible.
Onboarding more developers will take time. However, I’m confident we’re on the cusp of something wonderful in the coming years that will change the relationship between users and applications enabled by blockchain. Entirely new economic structures can be set up since it’ll be the users owning all of their data for the first time in digital history. And true ownership is a powerful motivator that can be harnessed by innovative blockchain businesses.
Earn free bitcoin, satoshis and altcoins from the highest paying faucets. Claim from our list of altcoins, play our crypto games and get the newest cryptocurrency coins 🤑 We have new faucets for you! Claim up to 100 satoshis per PTC faucet every 12 hours. These claims do not affect your daily claim number. Step 1 - Go to the Faucet list and click PTC Faucets; Step 2 - Once there, complete ... This faucet provides immediatyle all the rules you need to know to get free Bitcoins, so it’s rather easy to use. You just need a Bitcoin wallet to use this website, since no registration is required. 7. Surf 4 Bitcoin. This faucet claims it can give you up to 50 Bitcoins per month. To do that, you just need to surf through the web and you ... The other day I wrote a guide on buying Bitcoin (BTC) on Binance directly with my credit card.. Today i’m going to teach you how you can deposit or withdraw your fiat currency via bank transfer with Binance. If you haven’t register with Binance, you ought to do so right now here.. Securing your Binance account allows you to trade cryptocurrencies on a fast, secure and reliable platform. Software developer Gavin Andresen made Bitcoin History when he created a website that gave away free BTC in June 2010. The first bitcoin faucet handed out a meager 5 BTC per request, now worth ... Bitcoin faucets are great.. I’ve done my fair share of open and honest reviews on this site and have been surfing around trying to find the best sites where you can earn some Bitcoins on the Internet. Oftentimes you just have to fill out a captcha to prove that you are human and in exchange you receive some free Bitcoins. Earn Free Binance Coin from the Best Binance Coin ... These faucet sites make their earnings from ads and distribute their earnings in rewards and expenses such as hosting. The ads are pay-per-click, pop-up, pay-per-impression. There are chances that the site is making a steady stream of money just by having advertisements on the pages. In addition to ads, faucet sites might also have ... Faucet Bitcoin (BTC) adalah faucet banyak yang dicari-cari orang karena harga BTC melambung tinggi. Banyak orang terintimidasi dengan harganya dan menghindar untuk masuk ke pasar Bitcoin maupun crypto. Ada banyak faucet Bitcoin di luar sana, jadi untuk mendapatkan recehan Bitcoin (satoshi) yang banyak, kuncinya adalah anda harus menggunakan banyak faucet. Sebelum anda memulai, Perhatikan untuk ... Read also – Earn Free Binance Coin from the Best Binance Coin Faucets. Best NEO Faucets. BTCPOP: On this faucet or website can claim coins once every 30 minutes. All you need to do is Choose the best Altcoin or most rewarding and enter your BTCPop username. Since NEO Faucets are not available we have provided the highest paying Bitcoin Faucets. You have to convert these Earnings into NEO by ... Free Binance Coin – This faucet gives away free binance coin, claim 1000 satoshi every hour. Free Cardano – Get free Cardano every hour, easy to claim and get 50% commissions for referring users. Earn Crypto – Claim free BAT tokens daily, complete offers to earn bigger amounts. Earn Sats – Claim from the faucet, click on links and complete offers to get 1000+ satoshi per day. Get Sats ... Corefaucet is a completely FREE faucet paying out up to 2000 Litoshi every 60 minutes. All earnings from Corefaucet can be transfered to crypto and withdrawn to your personal wallet. We also run a very generous affiliate/referral program: Ask your friends and colleagues to sign up using your referral link and receive 10% commission from every claim that they make from the faucet.
[index]          
FAUCET REFERRAL Link https://faucetpay.io/?r=110270 Register Binance Referal Link 10% DİSCOUNT https://www.binance.com/en/register?ref=BL07LZEN or binance re... FAUCET REFERRAL Link https://faucetpay.io/?r=110270 Register Binance Referal Link 10% DİSCOUNT https://www.binance.com/en/register?ref=BL07LZEN or binance re... FAUCET REFERRAL LİNK https://faucetpay.io/?r=110270 Register Binance Referal Link 10% DİSCOUNT https://www.binance.com/en/register?ref=BL07LZEN or binance re... Use a Crypto Faucet to get Free Binance Coin-BNB. Complete captcha every 15 minutes and claim your BNB. Here is a link for the BNB Faucet: https://topcoins.p... HI FRIENDS HERE IS ONE MORE AMAZING FAUCET WHERE U EARN BINANCE TOKEN AND BAT TOKEN FREE SO FOR MORE DETAIL WATCH FULL VIDEO BEST CHANGE FAUCET EARN UPTO 1000 SATOSHI PER CLAIM https://www ... Hoje aprenderemos a adicionar uma carteira de criptomoedas na FireFaucet, para receber seus ganhos! usaremos a da Exchange Binance como exemplo! Entre hoje para FireFaucet com o link Tututoriando ... HOW TO GET FREE BITCOIN on Binance - NO CATCH, NO INVESTMENT NECESSARY Crypto Oracle. Loading... Unsubscribe from Crypto Oracle? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 68 ... You will also learn How to Multiply FREE BTC from Coinpot Faucets. If, You want know how to use Binance Exchange step by step, I invite you to watch this video. I also show You how to use Your ... In this video I’ll be introducing you to Bitcoin and Blockchain. This is the first time I’m hosting a webinar, normally I co-host. I’ll have to redo this vid...