TomoChain is an EVM-compatible public blockchain network that aims to achieve scalability while maintaining decentralization. TomoChain raised $9.3MM via private and public token sales from September 2017 to March 2018.
Built initially on Ethereum's source-code ( "go-ethereum"), TomoChain has relied on Proof-of-Stake Voting (PoSV), since its mainnet launch in December 2018, to incentivize token-holders to vote for validators while receiving staking rewards.
With a network of 150 masternodes, TomoChain also features innovations such as a dedicated privacy protocol (TomoP), a unique token standard called TRC-21 (TomoZ is a token standard allowing to be used for transaction fees), and a decentralized exchange protocol (TomoX).
TOMO is the native asset of TomoChain and is used to pay for gas fees on the network covering regular operations like asset transfers, on-chain actions, and the deployment of smart contracts.