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tomiNet

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is tomiNet?

tomiNet (TOMI) is a decentralized cryptocurrency aiming to create a censorship-free internet based on blockchain technology. It operates on the Ethereum network and uses a web browser, IP address encryption, and crypto transactions to provide users with privacy online. The TOMI token facilitates transactions, governance, and incentivizes participation within the ecosystem, which includes various projects such as a DAO-governed alternative internet network, a decentralized browser, and a self-custodial wallet.

How is tomiNet used?

TomiNet (TOMI) is a community-managed cryptocurrency that creates an alternative worldwide web by combining Web2 and Web3 technologies. The TOMI token is a utility token used to operate the tomiNet network, serving multiple purposes:

  • Transaction Fees: Payment for network fees, including transaction and data storage costs.
  • Governance Participation: Users can stake TOMI tokens to engage in network decision-making through the tomiDAO, a decentralized autonomous organization that allows anyone in the network to participate in decision-making.
  • Incentives: Users can earn rewards in the form of TOMI tokens for their contributions to the network.

TomiNet aims to provide a decentralized internet network, allowing users to manage their data and have secure, uncensored communication. The network includes a decentralized mesh network, secure data storage, decentralized applications (dApps), and decentralized governance, all of which are facilitated by the TOMI token.

How do I store tomiNet?

To store tomiNet (TOMI) tokens, you have several options:

  1. CoinSpot Multicoin Wallet: When you create a CoinSpot account, you automatically receive a unique wallet where you can store your TOMI tokens for free. This wallet is convenient for trading and managing your cryptocurrency.

  2. Cold Storage Wallet: For long-term investments, you can use a cold storage wallet, which is completely offline and not connected to the internet. This option is more secure than hot wallets. You can transfer your TOMI tokens from your CoinSpot account to a cold wallet.

  3. Hardware Cold Wallet: A hardware cold wallet is a physical device that stores your cryptocurrency. It is a secure option for storing a large number of coins or tokens. You can use a USB drive device to store your assets, and only the person with the USB drive can access them.

  1. Paper Wallet: A paper wallet is another option for cold storage. It is created by generating a public and private key offline and printing them on paper. You can store the paper in a secure location and use the keys for transactions.

  2. BYDFi Wallet: BYDFi acts as the custodian of your crypto assets, providing quick access to trading products. You can store your TOMI tokens on BYDFi and manage them securely. If security is a concern, you can withdraw to a decentralized wallet.

  3. tomiPay Wallet: The tomiPay wallet is a self-custodial multi-chain wallet that supports various cryptocurrencies, including TOMI. It offers features like multi-chain support, self-custody, and decentralized governance. You can use tomiPay to store, exchange, and stake your TOMI tokens.

Remember to always follow best practices for securing your private keys and wallets to prevent loss or theft of your assets.

How to buy tomiNet?

To buy tomiNet (TOMI) tokens, follow these steps:

  1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange that supports TOMI, such as Binance, KuCoin, CoinEx, Bybit, gate.io, or MEXC. Each exchange has its unique features, fees, and security measures, so research and compare them before making a decision.

  2. Create an Account: Register for a free account on your chosen exchange. This typically involves providing personal information like your name and email address. Some exchanges may require Know-Your-Customer (KYC) verification to increase withdrawal limits and unlock additional features.

  3. Deposit Funds: Deposit a suitable cryptocurrency (e.g., USDT) or fiat currency (e.g., USD, GBP, EUR) into your exchange account. The deposit methods may vary depending on the exchange, including bank transfers, credit/debit cards, or other payment services.

  1. Search and Place Order: Search for the TOMI/USDT pair and place a buy order. Wait for the transaction to complete, and your TOMI tokens will be credited to your exchange wallet.

  2. Store Your TOMI: Ensure you have a secure wallet to store your TOMI tokens. You can use the exchange's built-in wallet or transfer the tokens to an external wallet for added security.

  3. Monitor Your Investment: Keep track of your TOMI investment's performance and stay informed about market trends and potential risks.

By following these steps, you can successfully purchase and manage your tomiNet (TOMI) tokens.

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History of tomiNet

tomiNet (TOMI) is a decentralized alternative internet network that aims to provide a privacy-preserving, self-governed, and self-funded internet. The project was initially targeted at users in locations where their access to open information is limited or where businesses cannot maintain their domain-based property rights on the existing Web2 infrastructure. tomiNet was developed as a response to the increasing regulation and control of the internet by governments and large corporations.

The network operates on the basic building blocks of the web, supplemented with governance, cryptocurrency, identity, and privacy layers. It leverages basic TCP/IP and DNS protocols for basic internet, TOR and Starkware for privacy and zero-knowledge, Ethereum and Starkware for the creation of a native cryptocurrency, and DAO technology for self-governance of the entire ecosystem. The network is governed by a DAO, aiming to maintain the infrastructure and the rights of the people who use it.

tomiNet includes a privacy storage network that makes it difficult for the network to be captured, censored, or subjected to pressure from large entities. The project aims to provide a platform where people can access any website in the world without limitations, build their online presence, develop and operate internet businesses, manage and own their digital identity, speak freely, participate in the governance of the network, protect themselves from surveillance, and preserve their privacy online.

The TOMI token is used to pay for transactions on the network and rewards people who help operate the system. Users can buy, sell, and trade TOMI on exchanges. The token is based on the Ethereum network, making it a token rather than a coin.

Historical data for tomiNet is available, providing insights into the token's price history, trading volume, and market capitalization. Users can track the token's performance over different time ranges, from daily to monthly, and access detailed data on open, high, low, and close prices.

In terms of price predictions, some forecasts suggest that TOMI could reach $2.56 in 2024 and $3.59 in 2025. However, it is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.

Overall, tomiNet represents a significant effort to create a decentralized and censorship-free internet, leveraging blockchain technology and a community-driven governance model to protect users' privacy and freedom.

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How tomiNet works

tomiNet (TOMI) is a decentralized, community-managed cryptocurrency that aims to create an alternative worldwide web by combining the best features of Web2 and Web3 technologies. It is designed to provide a privacy-preserving, self-governing internet where users have full control over their data and can access any website without limitations.

Key Components
  1. tomiPay: A multi-chain noncustodial crypto wallet and payment system that allows users to buy, sell, and interact with tokens and NFTs across various blockchains, including Ethereum, BSC, BTC, Cardano, Matic, Solana, and Avalanche. This wallet ensures top-notch security by allowing users to generate their own private keys and connect to decentralized networks.

  2. Tomi Domain Name System (tDNS): An innovative feature that empowers users to explore, bid on, and manage their domains effortlessly. This decentralized environment ensures that domain owners retain royalties and approved addresses remain unblockable.

  3. Tomi Privacy Layer (TPL): A cutting-edge solution that combines privacy and stability, revolutionizing the blockchain landscape. TPL provides a software development kit (SDK) that allows developers to interact with Layer 1 protocols and transfer funds securely and privately.

  1. Self-Sovereign Identity Passports: Digital passports that use zero-knowledge proofs to allow users to share necessary information for site logins without compromising their sensitive data. This initiative is a significant step toward realizing TomiNet’s vision of data sovereignty and privacy preservation.

  2. tomiDAO Governance: A decentralized autonomous organization (DAO) that allows anyone in the network to participate in decision-making. Members can propose and vote on various policies, ensuring that decisions are made by the people, for the people, protecting against capture and corruption.

Token Economy

The native utility and transaction token, TOMI, plays a crucial role in the governance of tomiNet. It incentivizes contributors to the network and provides economic incentives for participants to maintain and develop the network. TOMI tokens enable holders to vote and delegate within the DAO, ensuring that the community has a say in the direction of the project.

Overall Functionality

tomiNet operates on a broader scale within a DAO governance structure, ensuring that decisions are made by the community. The project combines blockchain technology, self-sovereign identity, Web3 tokenomics, and governance to build a truly decentralized internet. This decentralized internet allows users to access any website in the world without limitations, ensuring that the power is in the hands of its users.

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tomiNet's strengths

The token tomiNet (TOMI) has several strengths that contribute to its potential success and value:

  1. Decentralized Governance: tomiNet operates under a DAO (Decentralized Autonomous Organization) governance structure, which ensures that the project’s direction aligns with the wishes of the community. This decentralized approach empowers users and incentivizes active participation in the network.

  2. Security and Privacy: tomiNet incorporates advanced security measures, such as The Onion Router Protocol (TOR) for encryption, and zero-knowledge proofs for self-sovereign identity passports. These features protect user data and ensure privacy.

  3. Hybrid Network: The network combines the benefits of mesh and cloud infrastructure, allowing for easy-to-run hardware nodes and professional cloud providers. This hybrid approach enhances decentralization and scalability.

  1. Native Utility Token: TOMI is an ERC-20 token that serves as both a utility and transaction token. It is used for various purposes within the network, including paying for services and participating in DAO governance. This token plays a crucial role in driving the network’s economy and incentivizing contributors.

  2. Community Focus: tomiNet aims to create a user-controlled ecosystem where users are not just consumers but active participants. This focus on community empowerment and decentralization sets it apart from traditional centralized internet structures.

These strengths collectively contribute to tomiNet’s potential for growth and adoption, making it an attractive option for investors and users seeking a secure, decentralized, and community-driven digital ecosystem.

tomiNet's risks

TomiNet (TOMI) is a community-managed cryptocurrency that combines Web2 and Web3 technologies to create an alternative worldwide web. It is decentralized, allowing users to directly manage the network through a democratic DAO. The project aims to ensure long-term self-sustainability, trust, and user retention by rewarding contributors and developers through its token economy.

Risks and Challenges

Decentralized networks like TomiNet are likely to face certain risks and challenges associated with centralization. These challenges include:

  • Governance Issues: Governance issues can arise from the decentralized nature of the network, potentially leading to conflicts and inefficiencies in decision-making.
  • Technological Barriers: The integration of Web2 and Web3 technologies can be complex and may encounter technical hurdles that need to be overcome.
  • Regulatory Challenges: As a decentralized network, TomiNet may face regulatory challenges from governments and institutions that are not familiar with its decentralized structure.

Additionally, cryptocurrencies are generally volatile, and their prices can fluctuate significantly depending on market conditions and the overall economic situation. This volatility can lead to financial losses for investors.

Market and Investment Risks
  • Price Volatility: The price of TOMI can fluctuate rapidly, making it difficult to predict its future value.
  • Market Adoption: The success of TomiNet depends on its adoption by users and the broader market. If adoption is slow, the project may struggle to achieve its goals.
  • Competition: TomiNet operates in a competitive market with other privacy-focused cryptocurrencies, which can impact its market share and value.
Co-Founder Controversy

TomiNet's co-founder, Moshe Hogeg, is facing fraud charges, which can negatively impact the project's reputation and investor confidence.

Investment Caution

Investors should conduct thorough research and consider these risks before investing in TomiNet (TOMI). It is essential to evaluate the project's fundamentals, technological advancements, market conditions, and potential risks to make an informed decision.

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Did tomiNet raise funds?

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tomiNet's ecosystem

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tomiNet’s team

  • Moshe Hogeg: One of the eight founders of tomiNet, Hogeg is a prominent figure in the cryptocurrency space who has been involved in various projects, including the promotion of the tomiNet token.

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