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An introduction to the best exchanges to buy TOMO. Also, this guide gives you a deeper insight into this interesting blockchain project.

Cryptocurrencies together with blockchain technology have been in the headlines a lot in the past decade. Also, you may have witnessed the high volatility which is second nature for these very young assets. Crypto insiders and early investors are claiming that blockchain technology is experiencing similar phases compared to the internet in the ’90s of the previous century. About 20 years ago when the internet got mainstream, it firstly disrupted traditional media channels(like tv, news, and magazines). Moreover, this trend of online disruption has never stopped resulting in the launch of Bitcoin in 2009.

In the previous decade, Bitcoin was just a brand new technology that can send value(BTC) using the web anonymously. After the definite breakthrough of Bitcoin in 2013, it didn’t take long before blockchain technology really took off with the birth of Ethereum. In fact, Ethereum took this interesting technology to another level by introducing smart contracts in a decentralized way.

The introduction of TOMO token

What’s next in the evolution of blockchain and decentralization?

One of the new interesting projects out there is Tomochain(TOMO). In fact, this blockchain project aims to be a ‘better’ Ethereum. Similar to the Ethereum network Tomochain uses a token called TOMO for transaction fees and monetization. Currently, TOMO token is ranked 87th place at Coinmarketcap with an estimated market cap of 38 million USD. In this guide, the best places to buy TOMO and some research in the project.

A short History of TomoChain(TOMO)

Although the total cryptocurrency markets have aged over the years, TomoChain is a relatively young project. Moreover, their ICO was conducted on 1 March 2018 and the team was able to raise 8.575.000 in USD at that time. Also, the ICO price was $0.25 for a single TOMO token. The investment team of this project made a good start by selling the token at ATH which was $2.30 per token. In fact, this was an exceptional move because at that time the entire cryptocurrency space turned bear until most recently.

The first Dapp launched on TomoChain is called TomoApp and is already available in their Appstore and also Google Play. Furthermore, the project team is working on its own wallet, integrate TomoApp with the Tomochain network and is working on an API to integrate with external resources.

TomoChain vs Ethereum the stats


Ethereum TomoChain
Ticker ETH TOMO
Current price $132 $0.47
Market cap 16 Billion USD 32 Million USD
24-hour volume 8 Billion USD 14 Million USD
Total supply Infinite 100.000.000 TOMO
Circulating supply 109,089,761 ETH 69.246.725 TOMO
Consensus mechanism Proof-of-Work(PoW) Proof of Stake Voting (POSV) 
ICO funds 18.5 Million 8.575.000 USD
ATH $1432 $2.30
Block time 13-15 seconds 2 seconds
Throughput 15-20 transactions per second 2000 transactions per second

Why Proof of Stake Voting Algorithm?

TomoChain relies on a system of 150 Masternodes with Proof of Stake Voting (POSV) consensus that can support low fees altogether with 2-second transaction confirmation times. Furthermore, security, stability and chain finality are guaranteed. Notably, via novel techniques such as Double Validation, staking via smart-contracts and true randomization processes.

What is TomoChain: Video explanation

Where to buy TomoChain

Nowadays it’s quite easy to go to an exchange and buy TOMO if you compare it with the early days back in 2013. Back then not many altcoins existed besides Bitcoin or Litecoin and the few crypto exchanges out there were only willing to sell for Bitcoin.

Since then many developments took place within the entire cryptocurrency space where a lot(!) of new exchanges appeared. As a result, it’s not a high risk anymore to buy TOMO with fiat or credit card at a centralized cryptocurrency exchange.

Below the cryptocurrency exchanges which will give you the best result in purchasing TOMO instantly. For instance, the list below will be covered in more detail later on in this guide.

The general process of buying crypto at any exchange

One of the most famous properties of cryptocurrency is that it isn’t tied to physical borders. Also, it’s very easy for anyone in the world to buy a cryptocurrency like TomoChain. Nowadays, buying TOMO instantly can be done with only one limit and that is a working internet connection!

How to do this properly?

The process of buying crypto at regular exchanges could vary, but the basic principles of buying remain the same:

  1. Register at an exchange which sells TOMO(*See list above*)
  2. Complete KYC/AML checks if any
  3. Chose the preferred method for a deposit(Wire transfer/credit card)
  4. Make the deposit in any currency(USD/EUR/GBP etc)
  5. Buy TOMO tokens with these funds

This guide discusses the best exchanges to buy TOMO and is aimed at investors who are relatively new to cryptocurrency.

Where to buy TOMO: Best cryptocurrency exchanges

Binance

place to buy TOMO: Binance

Binance is founded by Changpeng Zhao and is a well-known blockchain industry expert and expert in setting up trading systems. In the past, he also founded BijieTech and was head of development at Blockchain.info. Furthermore, Binance can be considered as the best altcoin trading platform, if you consider the trading volume and the number of coins listed on the exchange.

Binance which is originally a company from China, recently moved it’s headquarters to Malta because the China government banned cryptocurrency trading. Despite this ban, this crypto platform managed to grow to the biggest altcoin trading platform as it is today.

US residents on Binance

If you are a USA resident, then I have to warn you. Recently, the main trading platform at Binance didn’t allow US residents at their platform anymore. This due to regulations by the USA government. But don’t worry too much about that, within no time the trading company opened doors to Binance.us.

Trading at this domain is allowed for US customers because it meets US regulations and compliance standards based on its Digital Asset Risk Assessment Framework.

Trading pairs available for TOMO

For buying and trading the TOMO cryptocurrency the following trading pairs are available:

  • TOMO/BTC
  • TOMO/BNB
  • TOMO/USDT
  • TOMO/USDC

Where to Buy TomoChain: Kucoin

Where to buy TOMO: KuCoin exchange

Kucoin can be considered as a modern platform for trading any cryptocurrency mostly aimed at users in Asia. In addition, this platform was founded by a group of cryptocurrency enthusiasts from Asia aiming to offer comfort and security of your mighty assets. Besides, Kucoin which was launched in May 2017, has its headquarters in China despite the difficult climate towards cryptocurrencies performed by the local government.

This difficult climate towards cryptocurrency exchanges doesn’t affect the business model of KuCoin much because they’re aiming at foreign markets. Back in 2013, the founders started with setting up the foundation by making a technical implementation of the trading platform.

KuCoin a modern trading platform since 2017

Later on, in 2017, the founders finished this work and made the platform available for the public. As of writing the platform ranks at position 70 on the list of exchanges which is based on trading volume for the past 24 hours.

One of the remarkable policies this online trading platform has is its liberal sign up policy for new users. As a result, signing up at this platform can be done with just e-mail and mobile phone which speeds up the process of buying TOMO instantly.

Trading pairs available for TOMO

What pairs of TOMO has this cryptocurrency exchange to offer? Check the pairs below:

  • TOMO/BTC
  • TOMO/USDT
  • TOMO/ETH

Hotbit

where to buy TomoChain: Hotbit

Hotbit, founded in 2018, is a young but fast-growing cryptocurrency exchange that is registered in Europe(Estonia) and Asia(Hong Kong). Furthermore, this cryptocurrency exchange is growing fast and according to Coinmarketcap it is ranked 3rd in the list of newly added coins. For instance, Hotbit has listed 547 trading pairs and it supports 6 languages(Chinese, English, Russian, Korean, Thai, Turkish). Also, it has accumulated to 540000 registered users in a very short period of time. This very young cryptocurrency exchange is very ambitious and has a very strong belief in the future of decentralized distributed ledger and smart contract technology. Notably, they are aiming to become the ‘new Amazon’ in the blockchain industry.

How to start trading at Hotbit

Signing up is pretty straightforward which requires a valid e-mail address to confirm that you are the owner. Also, it’s very important to know that you have to set-up 2FA authentication in case you want to do a withdrawal, password management or API-setup. If not the case then it’s up to you if you want to enable 2FA authentication, SMS-verification or just verification by e-mail. In summary, trading doesn’t require you to do an extensive KYC/AML process which speeds up the process of buying TOMO a lot!

Trading pairs available for TOMO

Hotbit exchange has the following trading pairs available for trading TomoChain:

  • TOMO/BTC
  • TOMO/ETH
  • TOMO/USDT

Where to buy TOMO: Gate.io

Gateio buy cryptocurreny like TOMO

Gate.io is a crypto exchange founded in the fall of 2017. In addition, the platform is operated by Gate Technology Incorporated, headquartered in Seoul, Korea, with a registered address in Virginia, USA.

In the first place, this exchange gained popularity in the Chinese crypto community for its robust security system, user-friendly mobile apps, and smooth interface. Also, Gate.io differs from many exchanges because it offers hassle-free access to a number of hard-to-find coins and up-and-coming projects. Moreover, this exchange is designed to help investors finding information related to their preferred coins and overall market trends.

Gate.io’s web-based trading platform operates on par with most cryptocurrency exchanges. At launch, it included a detailed order book, trading history, and solid charting for those requiring technical analysis. In general, the exchange is described as responsive and functional and uses a combination of hot and cold wallets to keep assets secure.

Trading pairs available for TOMO

At Gate.io the following pairs are available for the TomoChain token:

  • TOMO/USDT
  • TOMO/ETH

BitForex

BitForex crypto exchange

Another place to buy TOMO is BitForex. BitForex is one of those cryptocurrency exchanges from off-shore (Seychelles). Additionally, this exchange is one of the six exchanges registered in the Seychelles. The exchange is aiming at a global public and states that it has acquired more than 3 million users.

To continue, the exchange also has a decent selection of trading pairs (92 different trading pairs) and very impressive liquidity. According to the Coinmarketcap website the BitForex exchange has a 24 hour trading volume of 700 million USD! In fact, this makes it the fourth-biggest exchange in the world, based on trading volume. An amazing development indeed and truly impressive liquidity.

Trading pairs available for TOMO

At BitForex the following pairs are available for the TomoChain token:

  • TOMO/BTC
  • TOMO/ETH

Final thoughts

Buying crypto like TomoChain has become easier these days if you compare it with trading cryptocurrency a few years back. Particularly, the supply of several places to buy TOMO has been grown over the years. Besides, it totally depends on you what your intentions are as an investor/trader with this newly acquired crypto. By showing you the general way to buy crypto, I hope I have given you a clear view of what TomoChain(TOMO) is all about and what the best places are to buy this cryptocurrency.

Jelmer Steenhuis
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Jelmer Steenhuis

Online entrepreneur at uDigitize
Crypto believer and 'Hodler' of Bitcoin since the early days. Spreading the word about this exciting new technology..
Jelmer Steenhuis
Follow me