What is TomiNET and How Does it Work?

7/5/2023, 10:08:50 AM
Beginner
Altcoins
Learn what TomiNET is and how it works in the digital world. TomiNET is an innovative project focused on privacy, data sovereignty, and decentralization. Gain control over your personal data on a secure and transparent network powered by blockchain technology. TomiNET offers self-sovereign identity passports, a mesh/cloud hybrid network, and web-native cloud computing nodes governed by a DAO.

What is TomiNET and How Does it Work?

In the vast digital world, where personal data has become a commodity traded freely without user consent, Tomi offers a beacon of hope. This innovative project aims to redefine the internet as we know it, focusing on privacy, data sovereignty, and decentralization. Tomi envisions an internet where individuals have full control over their data and where privacy is not an afterthought but a fundamental right.

Tomi is more than just a concept; it is a multifaceted digital ecosystem known as TomiNet. It uses blockchain technology at its core to create a decentralized, secure, and transparent network. It includes self-sovereign identity passports, a mesh/cloud hybrid network, and web-native cloud computing nodes, all of which are governed by a DAO. All of these elements work together to provide an alternative to the current centralized internet structure.

The Tomi ecosystem includes a native utility and transaction token, TOMI, and Pioneer NFTs, membership tokens that reflect the holders’ status as initial supporters of the project. In essence, Tomi presents a fundamentally new way of viewing and interacting with the internet, where users are not merely consumers but active participants in the network.

History of TomiNet (TOMI)

The genesis of TomiNet began with a vision to transform the digital world by bringing power back into the hands of its users. While the internet has brought unprecedented connectivity, its centralized nature has also presented challenges. Issues such as data breaches, privacy invasions, and a lack of control over personal information are growing concerns. To address these challenges, the concept of TomiNet was born, aiming to leverage the power of blockchain technology to create a secure, transparent, and user-controlled ecosystem.

It’s clear that the vision of TomiNet has attracted a diverse group of developers and contributors. The creation of an equitable digital ecosystem that values decentralization, privacy, and data sovereignty is what motivates these people.

TomiNet’s journey began with creating self-sovereign identity passports known as Tomi passports. These digital passports use zero-knowledge proofs to allow users to share the 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.

Simultaneously, the project developed easy-to-run hardware nodes that allow anyone to self-host and become part of the TomiNet mesh network. This initiative demonstrates TomiNet’s commitment to decentralization as it empowers individuals to participate in the network infrastructure actively.

How does TomiNet work?

Source: tomi.com

TomiNet is an ingenious blend of decentralization, privacy, and user empowerment. This innovative network leverages the power of blockchain technology to create a secure, transparent, and user-controlled ecosystem. Let’s delve into how it operates.

TomiNet is built on the principles of decentralization and user sovereignty. The network’s users have self-sovereign identity passports known as “Tomi passports.” These are privacy-preserving credentials that enable users to use zero-knowledge proofs of their identity, reputation, or other required information for site logins. This concept is critical to maintaining privacy, which is a core tenet of TomiNet’s philosophy.

TomiNet’s mesh/cloud hybrid network is critical to its operation. The project began with the development of simple hardware nodes that allowed anyone to self-host and join the mesh network. Professional cloud providers are incorporated as a necessary system component in response to the need for large-scale global support of data storage and computing power. Yet, to maintain a resilient and censor-resistant network, the servers are designed not to be subject to shutdown by the dominant hyperscalers. This blend of cloud hosting and mesh hosting adds another layer of decentralization and resilience to the network.

TomiNet uses The Onion Router Protocol (TOR) to encrypt all data, addresses, and communications on the network. By masking addresses and communications, any cloud provider can be used without exposing what is being stored and managed on the network. This system allows any host computer to be used for website and data hosting, bolstering the network’s resilience and versatility.

TomiNet operates on a broader scale within a DAO governance structure. The governance DAO can take the place of the core team, which is in charge of the project’s development and operation. This team is made up of developers who ensure the project’s continuity and are elected by the DAO for four-year terms. TomiNet ensures that its development and direction are aligned with the wishes of its user community by structuring the project in this manner.

TomiNet’s Main Features

TomiNet is not just another digital project; it is a revolutionary rethinking of how the internet should work, focusing on privacy, user sovereignty, and decentralization. Here are its main features:

Self-Sovereign Identity Passports

TomiNet introduces the concept of self-sovereign identity passports, which are digital credentials that users can use to prove their identity on the network. These passports use zero-knowledge proofs, ensuring that users can verify their identities without revealing any private information. Users have full control over what information they share, how long they share it, and where they store their digital identity backups.

Mesh/Cloud Hybrid Network

TomiNet operates on a mesh/cloud hybrid network, which combines the best of both worlds. It incorporates easy-to-run hardware nodes that anyone can host, enhancing the network’s decentralization. At the same time, it includes professional cloud providers to support large-scale data storage and computing power.

TOR Encryption

All data, addresses, and communications on TomiNet are encrypted using The Onion Router Protocol (TOR). This encryption ensures that the network can use any cloud provider without exposing what is stored and managed on the network.

DAO Governance

TomiNet operates under a DAO governance structure. This implies that the governance DAO can take the place of the project’s core team, which is in charge of its development and operation. This structure ensures that the project’s direction aligns with the wishes of the community.

Native Utility and Transaction Token

TomiNet includes a native utility and transaction token, TOMI. This token, an ERC-20, is used for various purposes within the network, such as paying for network services and participating in DAO governance. Moreover, TOMI is a crucial driver for the network’s economy, incentivizing active participation and rewarding contributors.

Tokenomics and Distribution

TOMI and Pioneer token distribution begins with an Initial Minting Event and continues daily. Each Pioneer token issuance is accompanied by a TOMI token issuance, and there is an annual TOMI token issuance.

The Initial Minting Event sells 1,500 Pioneer NFTs for $3,000. For every Pioneer token purchased, 18,000 TOMI tokens are issued to the buyer, resulting in a total initial issuance of 27,000,000 TOMI tokens to Pioneer holders. An additional 8,000 TOMI tokens per Pioneer are minted for marketing purposes, totaling 12,000,000 tokens. Additionally, another 39,000 TOMI tokens are issued per Pioneer to the genesis core team, developers, advisors, and suppliers, adding up to 58,500,000 tokens. A marketing fund of 10,000,000 TOMI tokens is set aside for airdrops and community incentives, and a separate fund of 150,000,000 TOMI tokens is issued with a five-year vesting period for the founders and seed investors.

Ongoing minting takes place daily as the network grows. Every daily Pioneer issuance includes 18,000 TOMI tokens for each initial NFT holder, 17,000 TOMI tokens for the core team, and 1,080 TOMI tokens for the artDAO. The number of Pioneers issued per day increases yearly, starting with one Pioneer per day in the first year and reaching 13 Pioneers per day from the fourth year onward.

The network also issues an annual budgetary amount of $10,000,000 equivalent in TOMI tokens, to be used solely for network support and development.

The projected total token supply for the first five years is approximately 597,000,000 TOMI tokens. From this amount, 1% will be issued to the founding team, 7% to seed investors and initial contributors, 33% to the core team, developers, advisors, marketing, and additional suppliers, and 42% to the public, distributors, and the tomiDAO.

Tomi Browser

Source: https://tomi.com/browser

Built on the foundation of the popular Brave browser, Tomi Browser combines cutting-edge technology and innovative features to safeguard your privacy. Switch effortlessly between TomiNet and the WWW, access unblockable websites, and enjoy incognito browsing, private search, and VPN capabilities. With integrated IPFS, Tor onion routing, and custom filters, Tomi Browser ensures a safe and secure connection to Tomi domains and websites. Discover a new era of browsing with Tomi Browser.

Tomi tDNS

Source: Tomi Official Website

TomiNet has TestNet Mode, an innovative feature that unleashes the power of the Tomi Domain Name System (tDNS). In this decentralized environment, users can explore, bid on, and manage their domains effortlessly. With visual domain search, domain minting partnerships, and fair auctions, TestNet Mode empowers individuals to secure their desired domains on the new internet. Utilizing blockchain and encrypted addresses, TomiNet ensures a censorship-resistant network where domain owners retain royalties and approved addresses remain unblockable.

TomiPay

Source: Tomi Official Website

TomiPay is a game-changing digital payment system that offers a self-custody multi-chain wallet. With TomiPay, you can effortlessly buy, sell, earn, and store tokens and NFTs while enjoying Dapps and more. The beautifully designed Tomi wallet simplifies the storage of tokens from multiple blockchains, eliminating the need for multiple wallets and passwords. TomiPay supports various blockchains, including Ethereum, BSC, BTC, Cardano, Matic, Solana, and Avalanche, providing a comprehensive solution for managing your digital assets. With its integrated non-custodial multi-chain wallet, TomiPay ensures top-notch security, allowing you to generate your own private keys and connect to decentralized networks with ease. Users can explore the world of NFTs with TomiPay’s beautiful library, effortlessly buy, sell, send, and receive crypto, and dive into the realm of Dapps, DeFi, and crypto games using the integrated browser.

Tomi Privacy Layer

Source: tomi.com/tpl

Tomi Privacy Layer (TPL) is a cutting-edge solution that combines privacy and stability, revolutionizing the blockchain landscape. With TPL, users can enjoy the best of both worlds: complete privacy and unwavering stability.

Privacy Features

  • TPL incorporates zero-knowledge roll-ups and snark proofs to deliver a high level of privacy and anonymity. Users can experience complete confidentiality when conducting transactions.
  • Users have the ability to access private DeFi applications while maintaining full privacy and anonymity. TPL ensures that transactions are never traced back to the individuals involved.
  • Introducing tpUSD, an Ethereum-based stablecoin pegged to the US dollar, offers users a secure and stable currency option. It serves as the first token on the TPL platform, providing stability in transactions.

Enhanced Scalability and Reduced Costs

  • TPL leverages an off-chain protocol utilizing zero-knowledge roll-ups. This innovative approach improves the scalability of the Ethereum Mainnet, allowing for efficient handling of medium-to-large transaction volumes.
  • By moving computation and state storage off-chain, TPL reduces transaction costs, enabling users to transact without the burden of high fees.

Privacy-First Architecture

  • TPL’s privacy-first architecture is designed to prioritize user privacy. It ensures that users can access their favorite Layer 1 (L1) applications while maintaining complete confidentiality.
  • Zero-knowledge roll-ups, an essential part of TPL’s architecture, enable secure and private transactions on the Ethereum network. Users can engage in transactions with reduced fees, protecting their privacy throughout the process.

Empowering Developers

TPL provides a software development kit (SDK) that allows developers to interact with Layer 1 protocols and transfer funds securely privately. The SDK ensures the highest level of privacy and security for developers working within the TPL ecosystem.

News on TomiNet

TomiNET is more than a project; it is a vision for the internet’s future. It envisions a world in which users have control over their digital identities, privacy is respected, and internet power is truly decentralized. TomiNET has made significant progress toward this vision since its inception. Its mix of decentralization, privacy, and user empowerment is a welcome change from the current internet landscape, which is dominated by a few tech behemoths. TomiNET is leading the charge toward a fairer and more secure digital world by giving users control over their identities and data and by building a resilient and decentralized network.

However, TomiNET is not stopping there. Its future plans include further enhancing its privacy features, refining its mesh/cloud hybrid network, and expanding its NFT marketplace. All these developments aim to reinforce TomiNET’s core values of decentralization, privacy, and user empowerment.

Is Tomi a Good Investment?

To determine whether Tomi is a good investment, various factors must be considered. It is critical to consider the fundamentals of the project, technological advancements, market conditions, and potential risks. To make an informed decision, thorough research and consultation with financial experts are required. Analyzing Tomi’s past performance, market adoption, and future prospects can also provide valuable insights.

How can you own TOMI?

Going through a centralized cryptocurrency exchange is one approach to acquiring TOMI. The first step is to create a Gate.io account and complete the KYC process. Once you have deposited money into your account, follow the instructions to purchase TOMI on the spot or futures market.

Take Action on TOMI

Check out TOMI price today and start trading your favorite currency pairs:

Author: Piero
Translator: Cedar
Reviewer(s): Matheus、KOWEI、Ashley He
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.

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