How to Buy TomoChain (TOMO) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has TomoChain, and is trustworthy!

You can find our top 3 exchanges for buying TomoChain here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy TomoChain

And of course, the final step is to find TomoChain on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy TomoChain (TOMO)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell TomoChain

  1. Sign into the exchange
  2. Find where you stored your TomoChain, either on a hardware wallet or on the exchange.
  3. Transfer your TomoChain to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell TomoChain.
Businessman looking at crypto trend

Considerations when looking to buy TomoChain.

TomoChain (TOMO), a project launched in December 2018, aims to increase the scalability and usability of the Ethereum blockchain (ETH). This is achieved mainly by increasing the TPS (transactions per second) capacity.

The ultimate goal of the project will be to create a blockchain infrastructure that can support decentralized apps (DApps), and improve security and integration. TomoChain's solution to smart contract scaling is to solve how the blockchain can handle higher transactions per second. This will exponentially increase the utility of smart contracts in real-world applications and use cases.

TomoChain offers a variety of unique features such as the proof-of-authority consensus and masternode systems, 2-second confirmations, virtually non-existent transaction costs, built-in exchange protocol and ICO smart contract templates, API support to token insurances, integrations, and cross-chain transaction function, without any fees between Ethereum, TomoChain.

In 2018, the TomoChain mainnet launched and offered proof-of-stake voting. Masternodes were introduced to make TOMO a currency that can be mint. These masternodes are involved in the creation and verification process of the blocks. They receive tokens of TOMO as compensation for maintaining the network.

To become a masternode candidate, a user must deposit 50,000 TOMO. Masternodes can resign at any time, but the TOMO deposited remains locked for 1,296,000 block after the resignation has been issued. To become a masternode candidate, a user must be one of the top 150 voted candidates. They will be awarded TOMO rewards proportional to how many blocks they sign.

TomoChain is a scalable, decentralized blockchain that can run faster and have lower fees. TomoChain can be used in many different ways.

TomoChain is a general-purpose blockchain platform that offers near-zero-fee transactions and instant confirmation, a proof of stake chain, voting, and the ability to run a masternode.

The TomoZ protocol, also known as Zero Friction, allows token holders to pay transaction fees using any token they choose. Tomox, Relayers and Tomox are two other services offered by TomoChain. This protocol allows businesses to create decentralized exchanges or landing platforms. TomoP, a privacy protocol, was created on TomoChain in order to allow safe and untraceable transactions.