TomoChain (TOMO) price has declined today.
The price of TomoChain (TOMO) is $1.23 today with a 24-hour trading volume of $14,181,410. This represents a -8.30% price decline in the last 24 hours and a -16.00% price decline in the past 7 days. With a circulating supply of 96 Million TOMO, TomoChain is valued at a market cap of $118,715,162.
What is Tomochain?
Tomochain is a general purpose smart contract platform. It enables developers to build high-performance decentralized applications (dapps) with the focus of speed, privacy, ease of use, and decentralization. Due to its efficiency through Proof-of-stake Voting (PosV) consensus algorithm, transaction fees are relatively low and confirmation time are much faster.
What are some of the key features of Tomochain?
Tomochain is scalable allowing up to 2000 transactions per second with 2 second block time. This means that token transfers or smart contract executions can be done quickly to facilitate key transactions. Smart contracts on TOMO are also EVM (Ethereum Virtual Machine) compatible in which Ethereum developers can easily port their smart contracts here.
There is also an array of products launched by the core team that provides add-on functionalities such as TomoP for privacy and TomoDEX for token exchange.
How do I stake my TOMO?
If you have TOMO, it is key to stake them on a masternode that validates block. This is because TOMO is an inflationary cryptocurrency and staking would shield your holdings from inflation.
You can see a list of masternodes on Tomo Master and step by step guides can be found at https://tomochain.com/tomo-staking/
As a developer, where can I get more information about developing dapps on Tomochain?
If you are a smart contract developer who have written solidity code on Ethereum before, it is relatively straightforward to get started. The developer hub provides essential information on ways to get started.
How do I buy TOMO?
TOMO liquidity is quite good and it is traded on several major exchanges such as Binance and Kucoin.
Where can you buy TomoChain?
TOMO tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade TomoChain is Binance, where the most active trading pair TOMO/USDT has a trading volume of $8,586,529.21 in the last 24 hours. Other popular options include DigiFinex and BTSE.
What is the daily trading volume of TomoChain (TOMO)?
The trading volume of TomoChain (TOMO) is $14,181,409.94 in the last 24 hours, representing a 23.50% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for TomoChain (TOMO)?
The highest price paid for TomoChain (TOMO) is $3.88, which was recorded on Sep 06, 2021 (over 1 year). Comparatively, the current price is -68.10% lower than the all-time high price.
What is the all-time low for TomoChain (TOMO)?
The lowest price paid for TomoChain (TOMO) is $0.139955, which was recorded on Mar 13, 2020 (about 3 years). Comparatively, the current price is 783.10% higher than the all-time low price.
What is the market cap of TomoChain (TOMO)?
Market capitalization of TomoChain (TOMO) is $118,715,162 and is ranked #230 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of TOMO tokens (96 Million tokens are tradable on the market today).
What is the fully diluted valuation of TomoChain (TOMO)?
The fully diluted valuation (FDV) of TomoChain (TOMO) is $123,086,510. This is a statistical representation of the maximum market cap, assuming the maximum number of 100 Million TOMO tokens are in circulation today. Depending on how the emission schedule of TOMO tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of TomoChain compare against its peers?
With a price decline of -16.00% in the last 7 days, TomoChain (TOMO) is underperforming the global cryptocurrency market which is down -6.00%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -5.70%.
What is the market sentiment of TomoChain today?
The community is bullish as more than 80% of users are feeling good about TomoChain (TOMO) today.