An Objective Overview of TomoChain (TOMO)

In the ever-evolving realm of blockchain technology, TomoChain has emerged as a notable player aiming to address key issues such as scalability and efficiency. TomoChain is an EVM-compatible public blockchain designed with an emphasis on achieving high-transaction speeds without compromising on the aspects of decentralization and security.

The Core Mechanism: Proof of Stake Voting (PoSV)

TomoChain operates on a unique consensus mechanism known as Proof of Stake Voting (PoSV). This system encourages token holders to engage actively in staking within the network, comprising a series of 150 masternodes.

TomoChain Ecosystem Features

• PoSV Consensus: Offers a fair voting mechanism with security guarantees and immediate confirmation finality.
• Double Validation: Implemented to enhance network integrity by requiring two masternodes to approve each block before blockchain addition.
• TomoZ: A zero-friction protocol enabling transaction fees to be paid with the TRC-21 tokens being transacted.
• TomoX: Represents a decentralized exchange protocol that is both secure and efficient.
• TomoP: Refers to a privacy protocol which supports anonymous TOMO transfers and a private token standard (TRC-21p) on TomoChain.

Token Usage and Impact

The native token of TomoChain, TOMO, serves as the backbone for various functionalities within the network—including but not limited to:

• Transaction fee settlement for on-chain actions.
• Incentivization for the network's development and ecosystem maintenance.
• Governance of the network through decentralized mechanisms.

TomoChain's Diverse Applications and Innovations

TomoChain has given rise to a variety of decentralized applications (dApps), each with its distinct role within the ecosystem:

• TomoWallet: Offers a convenient mobile solution for storing TOMO and interacting with the network's features.
• TomoMaster: Hosts the staking governance dApp, facilitating masternode applications and voting.
• TomoSwap: Enables asset conversions on TomoChain utilizing the Kyber Network's integration.
• TomoPool: Serves users by establishing staking pools to optimize yield.
• Triip Protocol: An innovative application allowing users to earn rewards for participating in the travel industry.

Economic Model and Token Allocation

• Token Supply: TOMO has a total token supply limited to 100,000,000 units.
• Fundraising: TomoChain raised funds through Seed Sales, Private Sales, and a Public Sale between 2017 and 2018.
• Token Distribution: The distribution includes portions for Seed Sale, Private Sale, Public Sale, Team & Advisors, Token Treasury, and Mining Rewards.

Project Evolution and Strategic Partnerships

Development Milestones

TomoChain's roadmap boasts a series of timely met milestones, reflecting the project's dedication to progressing according to its planned vision.

Business Collaborations

TomoChain has fostered numerous partnerships with various companies and platforms, carving out its niche in the wider blockchain ecosystem.

Community Engagement and Support

The project has a global community presence with an engagement strategy that leverages:

• Developer education and support.
• Interactive activities and communication via social channels and community meetups.
• A reward system that fuels continued participation and contribution.
• An array of informational resources and materials.

Strategic Initiatives and Team Expertise

The team behind TomoChain, now rebranded as Viction, consists of seasoned industry professionals committed to propelling the ecosystem into a realm of innovation and accessibility. The Tomo Foundation Council, acting as the driving force behind Viction, is composed of notable figures including Le Thanh, Nguyen The Vinh, Long Vuong, and Hoang Tung. These council members share a unified vision: leveraging blockchain's potential to empower people and communities on a global scale.

Roadmap and Ongoing Transition

2023 marks a definitive year for Viction, carving out a path for strategic growth with a multitude of new integrations and vital partnerships. Building upon this momentum with a clear direction set forth, Viction is advancing with substantial upgrades and community-centric projects aimed to foster an environment conducive to builders and developers.

Anticipated Outcomes

Looking ahead to 2024, Viction's roadmap unveiled during the community call is focused on nurturing impactful projects. The goal is to selectively onboard about 20 to 50 projects to build robust products, hence creating a foundational impact for the years to come, notably with a focus on fostering on-chain activities.

Current and Upcoming Projects

Viction has detailed initiatives dedicated to:

• Improving on-the-ground infrastructure, incorporating indexing, graphs, API services, and tools for contract deployment and token issuance.
• Creating job opportunities within the Web3 sphere, aiming to align talent with potential projects within Viction's ecosystem.
• Rolling out strategic partnerships, like the one with CTeX, to deploy the CTeX Blockchain Zone in Cambodia, fostering experimentation and advancement in blockchain solutions.
• The introduction of stablecoins (CUSD and USDV) to bring stability to the ecosystem, with CUSD now being available, is sponsored by Ninety Eight and issued by Stably.
• Staking Derivatives protocol planning, which will ensure validator reliability and smooth network transactions.

Consumer Applications and Expansion Initiatives

• Viction is not just focusing on enhancing user experience through technical advancements but is also keen on developing consumer apps and games to bridge the gap between traditional technologies and decentralized networks.
• Expansion of the Tomodachi Ambassador Program is crucial to foster innovation, collaboration, and personal growth within the community.
• The Victory Expedition, an exclusive tour for Hackathon winners, aims to immerse participants in Vietnam's crypto space and provide networking opportunities.

Educational Investment and Interoperability

• Educational courses and community forums are being planned to equip individuals with the necessary skills for development on Viction.
• Arken Bridge integration, signifying a breakthrough in cross-chain connectivity with Viction, BNB Chain, and Arbitrum.
• LayerZero integration, enhancing cross-chain functionality and the overall interoperability of Viction.

Viction Price Analysis

As of November 25 2024 Viction has a marketcap of $42M. This is {{percentagefromath}} from its all time high of $3.88. In terms of its tokenomics, there's a total supply of 210M with 47% currently outstanding. Keep in mind Viction has a fully diluted value of $89M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.