Tomochain (TOMO) is a project attempting to scale the Ethereum blockchain, which is unquestionably a critical issue in light of previous network bloat.

Since the CryptoKitties setback in late 2017, scalability has been at the forefront of Ethereum developers’ attention. Several initiatives attempting to address this issue have begun lately, each with a special solution.

So, how does Tomochain’s solution differ from others? Let’s find out in this blog.

TomoChain: A Brief Overview

TomoChain presents a groundbreaking solution to address the scalability challenge prevalent in the industry. Numerous prominent networks, including the Ethereum blockchain, face the issue of scalability. To tackle this predicament, TomoChain employs a network of 150 Masternodes utilizing the Proof-of-Stake Voting (POSV) mechanism.

This consensus mechanism empowers TomoChain to offer the advantages of nearly negligible gas fees and ultra-swift transaction confirmations within 2 seconds. Essentially, by relying on a cutting-edge consensus protocol, TomoChain achieves exceptional performance that outshines its competitors like Ethereum.

Furthermore, TomoChain employs innovative tactics like double validation, staking through smart contracts, and authentic randomization processes to ensure the security, stability, and conclusive nature of transactions on its network.

Mission and Objective

TomoChain’s mission revolves around spearheading the development of the Internet of Value and its underlying infrastructure. Its objective is to construct an alternative financial system that’s scalable, more secure, transparent, efficient, inclusive, and fair for all participants.

To facilitate a seamless transition for existing projects onto the TomoChain platform, the network extends support for all EVM-compatible smart contracts, protocols, and cross-chain token transfers. TomoChain aims to integrate advanced scaling techniques such as sharding, EVM parallelization, private-chain deployment, and hardware integration.

TomoChain aspires to become a premier scalable smart-contract public blockchain, catering to decentralized applications, token issuance, and token integration needs for small and large enterprises.

Let’s quickly see how you can buy TOMO tokens in India in 2023.

How to Choose a Good Crypto Exchange in India?

You need to do thorough research when using a crypto exchange to invest or for crypto trading in India. You must research the legitimacy of the platform and the credibility of the team behind it before deciding on an exchange to invest in TomoChain (TOMO) crypto in India.

You should also ensure the platform provides the following before investing in a TOMO token:

• The exchange’s website/app has a simple user interface and is easy to use.
• The exchange supports TomoChain (TOMO) trading pairs.
• The exchange employs state-of-the-art security measures and does not compromise when it comes to regularly upgrading it. Try to avoid exchanges that do not have a KYC protocol in place.
• The exchange offers reasonable trading fees to buy crypto in India.

So, here’s how you can buy TOMO in India in 5 easy steps.

Buying TOMO in India in 5 Easy Steps

Below are a few simple steps you can follow and buy the TOMO tokens in India with WazirX, India’s most trusted and widely used crypto exchange.

The best way to buy TOMO tokens is by depositing INR in your WazirX wallet. Alternatively, you can also buy TOMO using P2P trade; to get answers to all your queries related to the P2P trade, click here!

Step 1 – Sign-Up on the WazirX platform

To begin buying and selling TOMO, you are required to create an account on the WazirX platform by signing up. Also, you can directly login if you have an account already on the platform.

For your reference, here’s how you can open an account on WazirX.

Step 2 – Set up your account security by verifying your email address.

This step is about verifying your email address. After you sign up on the WazirX platform, you’ll get a verification link on your registered email. By clicking on that link, you’ll get two options to ensure the security of your account – the authenticator app and mobile SMS.

Note: The authenticator app is a more secure way to stay safe when compared to mobile SMS because there’s a risk of delayed reception or SIM card hacking.

Step 3 – Complete the KYC process.

After choosing your country, you can proceed with completing the KYC process. Click here for a detailed overview.

Note: You must complete your KYC to be able to trade P2P or withdraw funds on the WazirX app.

Step 4 – Add funds to your WazirX wallet.

To add funds, simply go to your account on the WazirX app or web. Click on “Funds” and then on “Deposit INR.”

You can deposit INR using any mode (NEFT/ RTGS/ IMPS).

You can also buy USDT through P2P to the WazirX wallet. The USDT will act as funds to help you buy your favorite Cryptos.

Step 5 – Finally, buy TOMO on WazirX.

You can now easily purchase TOMO tokens using INR Deposits. In the case of P2P trade, check the TOMO to INR rate from here and TOMO to USDT here.

After logging in to your WazirX account, you can choose INR from the “Exchange” tab. You can also check all the price charts, order book data, and an order input form on the right side of the screen.

Click “Buy” after entering the amount and checking the total INR amount to be paid.

Your order will be placed according to the price you have input. And, in the case of P2P trade, a seller willing to sell at a price will be notified, and then you can exchange the tokens using P2P.

It might take a few minutes for the order to be completed, but as soon as it is executed, you will receive the TOMO Coins you purchased in your WazirX wallet.

Happy Trading!

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.