TomanEX User Guide
- Open the TomanEX website at https://tomanex.io
- Open the Terms and conditions in footer of pages in TomanEX and read it carefully
- In the top menu of the TomanEX site, go to USER and select REGISTER
- Fill up the form with your email address and your desired password. SEND verification code. Get the code from your email inbox and insert it into the registeration form.
- Tick the small box to show you are agreeing with TomanEX Terms of Services
- Register your account by sign in button
Your account will be made in the TomanEX database instantly. Your email address is your user name and appears on TomanEX pages top right. Then your account is ready to use for crypto to crypto trades. You can start with a crypto deposit to your wallet.
Account verification for full access to Crypto and Fiat trades
- Open the Verification sub menu under your user name
- Fill up the form and upload the photos of requested personal documents
The verification Process takes one working day if your submitted information complies with TomanEX rules.
Deposit the assets to your TomanEX wallet
- Go to the wallet and in front of your desired asset, click on DEPOSIT
- Fill up the form and insert where from you are willing to transfer the asset
- For crypto deposit you shall mention the origin wallet address and select the network. For a Fiat deposit you can transfer the money from your bank account. You can add origin bank accounts or wallet addresses for future use.
Withdraw the assets from your TomanEX wallet
- Go to the wallet and in front of your desired asset, click on WITHDRAW
- Fill up the form and insert where you are willing to send the asset
- For crypto withdrawal you shall mention the destination wallet address and select the network. For Fiat withdrawals you can transfer the money to your bank account ONLY. You can add destination bank accounts or wallet addresses for future use.
Exchange the assets in TomanEX
There are two options for exchanging the assets in TomanEX including LIMIT ORDER and MARKET PRICE ORDER
- Go to EXCHANGE from the TomanEX top menu and check the left box for LIMIT ORDER
- In a limit order, you can place on order to exchange all of the available assets in the TomanEX system with your desired price. So select what you are willing to pay and what you want to get plus your desired exchange rate.
- Select your paying asset and your requested asset and fill up the amount and exchange rate carefully
- Click on submit button. You will see the summary of your order. Check data carefully and if you are sure about it, you can confirm. Once you confirm the order, your offer will appear to all other TomanEX users. Once somebody confirms your offer, your order will be completed and your requested asset deposited in your wallet.
- You can see a summary of your open orders on the Exchange page. You can cancel the order before its acceptance by other users.
- The service fee of TomanEX for Limit Orders is %0.1 of filled offers and will be deducted from your received asset.
B- MARKET PRICE ORDER:
- Go to EXCHANGE from TomanEX top menu and check the right box for MARKET PRICE ORDER
- In Market Price Order you can place an order to exchange all of the available assets in the TomanEX system with TMC ONLY. The exchange rate is automatically calculated by the Tomanex system once you choose the assets and insert the amount. So select what you are willing to pay and what you want to get plus your desired amount.
- Select your paying asset and your requested asset and fill up the amount and exchange rate carefully
- Click on submit button. You will see the summary of your order. Check data carefully and if you are sure about it, you can confirm. Once you confirm the order, it takes a few seconds to fill the order if sufficient liquidity is available in the system. Once your order is completed, your requested assets are deposited into your wallet.
- If no sufficient liquidity is available for your exchange pairs, the order cannot be completed and you can see the system message for failing the exchange.
- The service fee of TomanEX for Market Price Orders is %0.2 of filled offers and will be deducted from your received asset.
- If you want to exchange two assets , neither of which is TMC with Market Price Orders, you can SELL are first asset to BUY TMC and once this order is completed, you can place a second Market Price Order to SELL TMC to BUY your desired second asset.
IEO as Initial Exchange Offering is the service that Tomanex presents nominated digital assets with a specific discount!
Liquidity for IEO plan provided by Token creator and the discount is usually %10
IEO purchases can be between Minimum and Maximum specified amounts.
Users can buy an IEO token again if the previous purchase has already been filled.
- Go to EARN in TomanEX top menu and click on IEO
- Available IEO plans are shown with their specific IEO conditions including minimum and maximum possible purchase and discount percentage.
- Select what asset you are paying to buy an IEO token and insert the amount
- TomanEX system automatically calculates and shows your receiving Token amount.
- Submit the purchase and check the summary carefully. If you are sure about the inserted data, Confirm the purchase. Once the purchase is completed you can see the purchase information.
- Your purchase amount will be added to your wallet daily until filling the total amount.
There are several channels to support an announcement for TomanEX users including the TomanEX website and official pages on Telegram, Twitter and Instagram.
- If you need specific support from the TomanEX team, click on USER SUPPORT in the TomanEX page footer.
- Create a Ticket and type your requested help and support.
- The TomanEX team will check and answer your request and you can continue the conversation to get a complete solution.
What Is Bitcoin (BTC)?
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. , according to Nakamoto’s own words,Bitcoin was created to allow “online payments to be sent directly from one party to another without going through a financial institution.”
Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.
Who Are the Founders of Bitcoin?
Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown.
On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.”
Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time.
However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, he handed the network alert key and control of the code repository to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features.Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others.
What Makes Bitcoin Unique?
Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market.
It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects.
The entire cryptocurrency market — now worth more than $2 trillion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies.
Thanks to its pioneering nature, BTC remains at the top of this energetic market after over a decade of existence. Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that surpassed the $1 trillion mark in 2021, after Bitcoin price hit an all-time high of $64,863.10 on April 14, 2021. This is owing in large part to growing institutional interest in Bitcoin, and the ubiquitousness of platforms that provide use-cases for BTC: wallets, exchanges, payment services, online games and more.
What Is Ethereum (ETH)?
Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.
Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.
The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there have been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.
Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.
Who Are the Founders of Ethereum?
Ethereum has a eight co-founders — an unusually large number for a crypto project. They first met on June 7, 2014, in Zug, Switzerland.
Russian-Canadian Vitalik Buterin is perhaps the best known of the bunch. He authored the original white paper that first described Ethereum in 2013 and still works on improving the platform to this day. Prior to ETH, Buterin co-founded and wrote for the Bitcoin Magazine news website.
British programmer Gavin Wood is arguably the second most important co-founder of ETH, as he coded the first technical implementation of Ethereum in the C++ programming language, proposed Ethereum’s native programming language Solidity and was the first chief technology officer of the Ethereum Foundation. Before Ethereum, Wood was a research scientist at Microsoft. Afterward, he moved on to establish the Web3 Foundation.
Among the other co-founders of Ethereum is: - Anthony Di Iorio, who underwrote the project during its early stage of development. - Charles Hoskinson, played the principal role in establishing the Swiss-based Ethereum Foundation and its legal framework. - Mihai Alisie, who assisted in establishing the Ethereum Foundation. - Joseph Lubin, a Canadian entrepreneur, who, like Di Iorio, has helped fund Ethereum during its early days, and later founded an incubator for startups based on ETH called ConsenSys. - Amir Chetrit, who helped co-found Ethereum but stepped away from it early into its development.
What Makes Ethereum Unique?
Ethereum has pioneered the concept of a blockchain smart contract platform. Smart contracts are computer programs that automatically execute the actions necessary to fulfill an agreement between several parties on the internet. They were designed to reduce the need for trusted intermediates between contractors, thus reducing transaction costs while also increasing transaction reliability.
Ethereum’s principal innovation was designing a platform that allowed it to execute smart contracts using the blockchain, which further reinforces the already existing benefits of smart contract technology. Ethereum’s blockchain was designed, according to co-founder Gavin Wood, as a sort of “one computer for the entire planet,” theoretically able to make any program more robust,
censorship-resistant and less prone to fraud by running it on a globally distributed network of public nodes.
In addition to smart contracts, Ethereum’s blockchain can host other cryptocurrencies, called “tokens,” through the use of its ERC-20 compatibility standard. this has been the most common use for the ETH platform so far: to date, more than 280,000 ERC-20-compliant tokens have been launched. Over 40 of these make the top-100 cryptocurrencies by market capitalization, for example, USDT, LINK and BNB. Since the emergence of Play2Earn games, there has been a substantial increase in interest in the ETH to PHP price.
Ethereum London Hard Fork:
The Ethereum network has been plagued with high transaction fees, often buckling at seasons of high demand. In May 2021, the average transaction fee of the network peaked at $71.72.
In addition to the high cost of transactions, the leading altcoin also suffers from scalability issues. As already mentioned, there are plans to transition to a proof-of-stake algorithm to boost the platform’s scalability and add several new features. The development team has already begun the transition process to ETH 2.0, implementing some upgrades along the way, including the London hard fork. The London upgrade went live in August 2021. It included five Ethereum Improvement Proposals (EIPs), namely EIP-3529, EIP-3198, EIP-3541, and most notably EIP-1559 and EIP-3554.
EIP-1559 is arguably the most popular upgrade out of all the EIPs.
What Is EIP-1559?
The EIP-1559 upgrade introduces a mechanism that changes the way gas fees are estimated on the Ethereum blockchain. Before the upgrade, users had to participate in an open auction for their transactions to be picked up by a miner. This process is known as a “first-price auction,” and as expected, the highest bidder wins.
With EIP-1559, this process is handled by an automated bidding system, and there is a set “base fee” for transactions to be included in the next block. This fee varies based on how congested the network is. Furthermore, users who wish to speed up their transactions can pay a “priority fee” to a miner for faster inclusion.
EIP-1559 also introduces a fee-burning mechanism. A part of every transaction fee (the base fee) is burned and removed from circulation. This is intended to lower the circulating supply of Ether and potentially increase the value of the token over time.
Interestingly, less than two months after the London upgrade was implemented, the network had burned over $1 billion worth of Ether.
In 2022, Ethereum plans to switch to proof-of-stake with its Ethereum 2.0 update. This switch has been in the Ethereum roadmap since the networks inception and would see a new consensus mechanism, as well as introduce sharding as a scaling solution. The current Ethereum chain will become the Beacon Chain and serve as a settlement layer for smart contract interactions on other chains.
In late 2021, Ethereums Arrow Glacier update was delayed to June 2022. Until then, Vitalik Buterin expects the road to the networks endgame to be shaped by optimistic rollups and Zk-rollups.
What Is BNB?
Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance.
Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. BNB is an integral part of the successful functioning of many of the Binance sub-projects.
Who Are the Founders of BNB?
Changpeng Zhao is the founder and CEO of Binance. In 2001, Zhao joined Bloomberg as head of trade book futures development. He spent four years with the company and later joined Fusion Systems as a partner. Since 2013, Changpeng Zhao has been actively involved with blockchain technology and cryptocurrencies. He became head of development at Blockchain, and in 2015 he founded BijieTech. In 2017, Zhao officially launched Binance, and he has been the CEO of the company ever since.
He Yi is a co-founder and chief marketing officer at Binance. She started her career as a TV anchor and presenter on China Travel TV in 2012. Later, in 2014, Yi co-founded OKCoin, which was the largest fiat-to-crypto exchange in China at the time. In 2017, she joined forces with Changpeng Zhao, and together they created the largest crypto exchange globally — Binance.
What Makes BNB Unique?
Binance is a unique ecosystem of decentralized, blockchain-based networks. The company has grown to be the leading crypto exchange in several countries, and their side organizations are attracting significant interest as well.
One of the biggest competitive advantages Binance has is its drive for development. While the company started only as a crypto exchange back in 2017, today, Binance has spread its services among numerous different spheres. According to the company website, its mission is to become the infrastructure services provider for the entire blockchain ecosystem.
Since launching the BNB, the exchange has also benefited from increased investor interest in the token. BNB went through a significant price increase at the beginning of 2021, which has put it on the map of enterprise investors.
Measures like BEP-95 have upgraded the already deflationary tokenomics to make BNB even more deflationary. Following the proposal, gas fees on Binance Smart Chain have become even lower, as the network burns a part of the fees to decentralize further. The proposal was modeled after Ethereums famous EIP-1559.
This has helped Binance overcome several exploits of protocols on BSC, such as a $200M exploit of Pancake Bunny and several hacks of Cream Finance. Despite these hacks, users return to Binance for its low fees and the abundance of lucrative meme coins in its ecosystem.
What Is Tether (USDT)?
USDT is a stable coin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether. The token’s peg to the USD is achieved via maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills in reserves that are equal in USD value to the number of USDT in circulation.
Originally launched in July 2014 as Real coin, a second-layer cryptocurrency token built on top of Bitcoin’s blockchain through the use of the Omni platform, it was later renamed to USTether, and then, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains.
The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies — which can be sent between users without a trusted third-party intermediary — with the stable value of the US dollar. Stablecoins are increasingly used as an inflation hedge in recent times; compared to keeping fiat currency in a savings account averaging 0.06%, users can lend their stablecoins and earn yields ranging from 3% to as high as 20%. However, keep in mind that regulatory, platform risks and more entail.
Who Are The Founders Of Tether?
USDT — or as it was known at the time, Real coin — was launched in 2014 by Brock Pierce, Reeve Collins and Craig Sellars.
Brock Pierce is a well-known entrepreneur who has co-founded several high-profile projects in the crypto and entertainment industries. In 2013, he co-founded a venture capital firm Blockchain Capital, which by 2017 had raised over $80 million in funding. In 2014, Pierce became the director of the Bitcoin Foundation, a nonprofit established to help improve and promote Bitcoin. Pierce has also co-founded Block.one, the company behind EOS, one of the largest cryptocurrencies on the market.
Reeve Collins was the CEO of Tether for the first two years of its existence. Before that, he had co-founded several successful companies, such as the online ad network Traffic Marketplace, entertainment studio RedLever and gambling website Pala Interactive. As of 2020, Collins is heading SmarMedia Technologies, a marketing and advertising tech company.
Other than working on Tether, Craig Sellars has been a member of the Omni Foundation for over six years. Its Omni Protocol allows users to create and trade smart-contract based properties and currencies on top of Bitcoin’s blockchain. Sellars has also worked in several other cryptocurrency companies and organizations, such as Bitfinex, Factom, Synereo and the MaidSafe Foundation.
What Makes Tether Unique?
USDT’s unique feature is the fact that its value is guaranteed by Tether to remain pegged to the U.S. dollar. According to Tether, whenever it issues new USDT tokens, it allocates the same amount of USD to its reserves, thus ensuring that USDT is fully backed by cash and cash equivalents.
The famously high volatility of the crypto markets means that cryptocurrencies can rise or fall by 10-20% within a single day, making them unreliable as a store of value. USDT, on the other hand, is protected from these fluctuations.
This property makes USDT a haven for crypto investors: during periods of high volatility, they can park their portfolios in Tether without having to completely cash out into USD. In addition, USDT provides a simple way to transact a U.S. dollar equivalent between regions, countries and even continents via blockchain — without having to rely on a slow and expensive intermediary, like a bank or a financial services provider.
However, over the years, there have been several controversies regarding the validity of Tether’s claims about their USD reserves, at times disrupting USDT’s price, which went down as low as $0.88 at one point in its history. Many have raised concerns about the fact that Tether’s reserves have never been fully audited by an independent third party.
What Is the Tether FUD About?
Tether has been the target of a lot of FUD due to its murky balance sheet and lack of a public audit. The company has repeatedly been fined for misleading statements regarding the state of its books. After Tether released the first breakdown of its balances, it came under even more scrutiny from regulators over its claims that all issued stable coins are fully backed by dollar reserves.
Even though a report supposedly cleared Tether from any allegations of wrongdoing, doubts remain. The company has been in repeated spats over its business practices, but most in crypto accept that Tether is, in a way, too big to fail.
What Is XRP?
XRP is the native cryptocurrency of products developed by Ripple Labs Inc, a cryptocurrency payment system. XRP is its digital asset built for global payments. XRP would allow users to send money at a very low cost, attracting the potential interest of retail customers and banks alike. A key value proposition of Ripple is its minuscule transaction costs while offering transaction finality of under five seconds.
The company was founded in 2012 by Chris Larsen and Jed McCaleb and is based on the work of Ryan Fugger, who created the XRP Ledger in 2012. The XRP Ledger is an open-source cryptographic ledger powered by a peer-to-peer network of nodes. McCaleb eventually left Ripple and founded Stellar, another payments-oriented cryptocurrency.
After the company rebranded from its original name OpenCoin to Ripple, it pursued high-level partnerships with Bank of America, Santander and Standard Chartered.
How Does XRP Work?
Ripple proposes a cheaper and more efficient alternative to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) system to process international transactions. This is supposed to happen via the Internet of Value, which is the umbrella term for several of Ripples products: RippleNet, the XRP Ledger, the XRP coin and RippleX.
RippleNet is a global network that financial institutions can use to transfer money more quickly and at a lower cost than through traditional systems. This is possible thanks to the single API that is needed to connect to RippleNet. RippleNet also offers On-Demand Liquidity (ODL), thereby removing the need for pre-funding in cross-border transactions. It essentially acts as a middleman between two transacting parties and smooths out liquidity between different foreign currencies. For instance, a European retailer may not wish to receive US dollars and vice versa. ODL steps in and uses XRP as a bridge to facilitate the transaction.
XRP Ledger is Ripples open-source blockchain with the XRP coin as its native asset. It runs independently of the Ripple company, although Ripple uses it for various purposes. While not as popular as other blockchains, the XRP Ledger can also be used as a settlement layer.
In contrast to Ethereum, the XRP Ledger does not use a proof-of-work consensus mechanism. It also does not work with a proof-of-stake consensus mechanism like many other cryptocurrencies. Instead, it uses the XRP Ledger Consensus Protocol, which is a more centralized and efficient solution to reduce transaction finality time and transaction costs. With the XRP Ledger, transactions can be completed in mere seconds, much faster than the ten-minute block time of Bitcoin or traditional systems like SWIFT. Finally, RippleX is a platform offering blockchain solutions to projects that want to provide payment-oriented services. Instead of building their DApps and blockchain solutions from scratch, companies can harness the expertise and products of RippleX and the XRP Ledger to provide mainstream compatibility and an engaging user experience. Thus far, two protocols have been launched on RippleX: Interledger, a payments company providing compatibility between different payment systems, and PayString, a solution that simplifies payment addresses.
In conclusion, Ripple has a naturally attractive value proposition for cross-border payments, which to this day has not been adequately solved by other protocols. Ripple can become a legitimate alternative to the SWIFT system with its increased speed and efficiency, according to the company.
What Is TRON (TRX)?
TRON (TRX) is a decentralized blockchain-based operating system developed by the Tron Foundation and launched in 2017. Originally TRX tokens were ERC-20-based tokens deployed on Ethereum, but a year later they were moved to their network.
Initially, the project was created to provide full ownership rights to makers of digital content. The main goal is to help content creators (who receive only a small part of the income) and encourage them with more rewards for their work. How: invite content consumers to reward content makers directly (without intermediaries like YouTube, Facebook or Apple).
The TRON software supports smart contracts, various kinds of blockchain systems, and decentralized applications aka dApps. The cryptocurrency platform uses a transaction model similar to Bitcoin (BTC), namely UTXO. Transactions take place in a public ledger, where users can track the history of operations.
Therefore, the platform was built to create a decentralized Internet and serves as a tool for developers to create dApps, acting as an alternative to Ethereum. Anyone can create dApps on the TRON network, offer content, and in return receive digital assets as compensation for their efforts. The ability to create content and share it openly without hesitation regarding transaction fees is an undeniable advantage of TRON.
The data hosted on the TRON network is free with no central authority. Content creators receive TRX tokens - a reward for their intellectual labor;
TRON supports the creation of coins by content makers, which can be used in their developed applications;
TRON also carries out decentralized games on the network, players can encourage and reward creators with digital assets directly.
The ecosystem is based on three levels, which ensure the smooth and powerful operation of TRON. The architecture is as follows:
Storage Layer, where network data, blockchain state historical data are securely stored. In general, its purpose is to segment all kinds of ecosystem data;
Application Layer, where developers are key figures and where TRX is utilized to develop applications and create wallets;
Core Layer, where various instructions are processed (which can be written only in two programming languages - Solidity and Java). Principle of operation: the core layer computes instructions, processes them, and sends them to the Tron Virtual Machine, where the logic happens, and dApps are executed. The main network protection tool, as well as one of the special features, is a delegated Proof-of-Stake (dPoS) system, an alternative to the Proof-of-Stake and Proof-of-Work consensus algorithms. This is a competitive advantage of TRON, because it means that the network is far more energy-efficient.
Furthermore, due to its layered architecture, TRON processes more transactions at once than Proof-of-Work (PoW) systems. According to the development team, TRON has the higher throughput and is able to process up to 2000 operations per second without fees, thus, transactions on the network are feeless.
TRON is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has capacity for 2,000 TPS.
To learn more about this project, check out our deep dive of Tron.
This project is best described as a decentralized platform focused on content sharing and entertainment — and to this end, one of its biggest acquisitions was the file sharing service BitTorrent back in 2018. Overall, TRON has divided its goals into six phases. These include delivering simple distributed file sharing, driving content creation through financial rewards, allowing content creators to launch their tokens and decentral,lizing the gaming industry.
TRON is also one of the most popular blockchains for building DApps.
Who Are the Founders of TRON?
TRON was founded by Justin Sun, who now serves as CEO. Educated at Peking University and the University of Pennsylvania, he was recognized by Forbes Asia in its 30 Under 30 series for entrepreneurs. Born in 1990, he was also associated with Ripple in the past — serving as its chief representative in the Greater China area.
What Makes TRON Unique?
TRON has positioned itself as an environment where content creators can connect with their audiences directly. By eliminating centralized platforms — whether they are streaming services, app stores or music sites — it is hoped that creators won’t end up losing as much commission to middlemen. In turn, this could also make content less expensive for consumers. Given how the entertainment sector is increasingly becoming digitized, TRON could have a headstart in applying blockchain technology to this industry.
The company also says that it has a talented and experienced developer team, based around the world, that has been drawn from major companies such as Ripple Labs.
Last but not least, whereas some other blockchain projects can be opaque about their development plans, TRON offers a point of difference by delivering a roadmap that shows its intentions for the coming years.
What Is Cardano (ADA)?
Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
To learn more about this project, check out our deep dive of Cardano.
The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.
Cardano was founded back in 2017, and named after the 16th century Italian polymath Gerolamo Cardano. The native ADA token takes its name from the 19th century mathematician Ada Lovelace, widely regarded as the world’s first computer programmer. The ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.
The team behind the layered blockchain says that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity.
In August 2021, Charles Hoskinson announced the launch of the Alonzo hard fork, causing Cardano price to surge, gaining 116% in the following month. On Sept. 12, 2021, the Cardano ‘Alonzo’ hard fork officially launched, bringing smart contract functionality to the blockchain. Over 100 smart contracts were deployed in the following 24 hours after the launch.
Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.
Who Are the Founders of Cardano?
Cardano was founded by Charles Hoskinson, who was also one of the co-founders of the Ethereum network. He is the CEO of IOHK, the company that built Cardano’s blockchain.
In an interview for CoinMarketCap’s Crypto Titans series, Hoskinson said that he got involved in cryptocurrencies back in 2011 — and dabbled in mining and trading. He explained that his first professional involvement in the industry came in 2013, when he created a course about Bitcoin that ended up being taken by 80,000 students.
As well as being a technology entrepreneur, Hoskinson is also a mathematician. In 2020, his technology company donated ADA worth $500,000 to the University of Wyoming’s Blockchain Research and Development Lab.
What Makes Cardano Unique?
Cardano is one of the biggest blockchains to successfully use a proof-of-stake consensus mechanism, which is less energy intensive than the proof-of-work algorithm relied upon by Bitcoin. Although the much larger Ethereum is going to be upgrading to PoS, this transition is only going to take place gradually.
The project has taken pride in ensuring that all of the technology developed goes through a process of peer-reviewed research, meaning that bold ideas can be challenged before they are validated. According to the Cardano team, this academic rigor helps the blockchain to be durable and stable — increasing the chance that potential pitfalls can be anticipated in advance.
In 2020, Cardano held a Shelley upgrade that aimed to make its blockchain “50 to 100 times more decentralized” than other large blockchains. At the time, Hoskinson predicted that this would pave the way for hundreds of assets to run on its network.
The Alonzo hard fork launch in September 2021 will bring an end to the Shelley era, and usher in the Goguen phase. Users can develop and deploy smart contracts on Cardano, allowing native decentralized applications (DApps) to be built on blockchain. Cardanos price broke the $3 mark and hit an all-time high of $3.101 on Sept. 2, 2021, ahead of the launch.
What Is Solana (SOL)?
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
To learn more about this project, check out our deep dive into Solana.
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.
Who Are the Founders of Solana?
Anatoly Yakovenko is the most important person behind Solana. His professional career started at Qualcomm, where he quickly moved up the ranks and became senior staff engineer manager in 2015. Later on, his professional path shifted, and Yakovenko entered a new position as a software engineer at Dropbox.
In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded a project called Solana Labs. Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020.
What Makes Solana Unique?
One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability.
Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well.
The Solana protocol is intended to serve both small-time users and enterprise customers alike. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing.
Combined with the longstanding professional expertise creators Anatoly Yakovenko and Greg Fitzgerald bring to the project, Solana is ranked number 7 in the CoinMarketCap ranking as of September 2021. This came on the back of an impressive bull run, where Solanas price gained over 700% since mid-July 2021. The launch of the Degenerate Ape NFT collection sent SOL price to an all-time high (ATH) above $60, and it has been climbing since, largely due to higher developer activity on the Solana ecosystem, greater institutional interest, growing DeFi ecosystem, and the rise of the NFTs and gaming vertical on Solana. Solanas price rose to an ATH of $216 on Sept. 9, 2021.
Solana has received much praise for its speed and performance, and has even been tipped as a rival that can compare to Ethereum and challenge the dominant smart contract platform. However, the network has been plagued by repeated outages that have impaired its price and aspirations to be the Visa of crypto. Furthermore, its ecosystem is accused of favoring venture capital investors with unfair tokenomics.
This has led to a retrace in the price of SOL as of February 2022, and more short-term bearish price action cannot be ruled out. However, in the long run, Solana should appreciate thanks to strong support from exchanges like FTX.
What Is Dogecoin?
Dogecoin (DOGE) is based on the popular doge Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoins creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.
How Do You Mine Dogecoin?
Dogecoin differs from Bitcoins proof-of-work protocol in several ways, one of which is by using Scrypt technology. The altcoin also has a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be mined. You can mine Dogecoin either solo, or by joining a mining pool. A Doge miner can mine digital currency on Windows, Mac or Linux, and with a GPU. As of 2014, you can also mine Litecoin in the same process as mining Dogecoin, as the processes were merged.
What Can Dogecoin Be Used For?
Dogecoin has been used primarily as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content. You can get tipped Dogecoin by participating in a community that uses the digital currency, or you can get your Dogecoin from a Dogecoin faucet. A Dogecoin faucet is a website that will give you a small amount of Dogecoin for free as an introduction to the currency, so that you can begin interacting in Dogecoin communities.
How Can You Buy Dogecoin?
You can sell or buy Dogecoin at any exchange that offers the digital currency, store it on an exchange or in a Dogecoin wallet, and tip Dogecoin in any communities that accept Dogecoin. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab. Elon Musk and Dogecoin
The success of Dogecoin is closely intertwined with Elon Musks passion for it. Musk began tweeting about Dogecoin in early 2021, sharing a Lion King DOGE meme. That kickstarted a furious DOGE rally — with temporary dips — that culminated in Musks appearance on Saturday Night Live. After the SNL appearance, DOGE crashed despite Musks promises to the moon its price. In the following months, Musk seemed to lose interest, and the price of DOGE has tumbled over 70% from its all-time high. However, Musk still yields power over Dogecoin, as occasional tweets indicate. Dogecoin Foundation and Board of Advisors
In 2014, a not-for-profit foundation was formed by members of the Dogecoin team to provide support, advocacy, trademark protection and governance for the cryptocurrency project. However, the foundation was dissolved over time.
After several years of being inactive, the foundation was relaunched in 2021 with a “renewed focus on supporting the Dogecoin Ecosystem, community and promoting the future of the Dogecoin Blockchain.” In addition to some of the original core team, the project now has some seasoned industry players as part of its board of advisors.
According to the foundation’s website, members of the board will meet monthly to discuss issues relating to Dogecoin.
In regards to its advisors, the group is made up of Dogecoin founder Billy Markus, the project’s core developer Max Keller, Ethereum founder Vitalik Buterin and Elon Musk as represented by the head of the Musk’s family office, Jared Birchall.
Members of the Board of Advisors will function in various capacities. While Keller will serve as the project’s technical advisor, Markus will be in charge of the community and memes. Meanwhile, Buterin will function as the blockchain and crypto advisor for the foundation, and Birchall will represent Elon Musk as legal and financial advisor.
As a first assignment, the Board of Advisors will be working to secure three-year funding that would allow it to employ a small, dedicated staff to work on Dogecoin full-time. Up until now, the work on the ecosystem has been done by volunteers.
What Is Polkadot (DOT)?
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating the cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a meta protocol, Polkadot is also capable of autonomously and forklessly updating its codebase via on-chain governance according to the will of its token holder community.
Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services.
The Polkadot protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain (explained further down).
Polkadot’s native DOT token serves three clear purposes: staking for operations and security, facilitating network governance, and bonding tokens to connect parachains .
Polkadot has four core components:
Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains;
Parachains: independent chains that can have their tokens and be optimized for specific use cases; Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model;
Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum.
Who Are the Founders of Polkadot?
Polkadot is the flagship protocol of Web3 Foundation, a Swiss Foundation with a mission to facilitate an open-source, fully functional and user-friendly decentralized web.
Polkadot’s founders are Dr. Gavin Wood, Robert Habermeier and Peter Czaban.
Wood, Web3 Foundation’s president, is the most well-known of the trio thanks to his industry influence as Ethereum co-founder, Parity Technologies founder and the creator of the smart contract coding language Solidity. Wood is also credited with coining the term Web3.
Habermeier is a Thiel Fellow and accomplished blockchain and cryptography researcher and developer. Czaban is the former Technology Director at Web3 Foundation, with a wealth of experience across highly specialized fintech industries.
What Makes Polkadot Unique?
Polkadot is a sharded multichain network, meaning it can process many transactions on several chains in parallel (“parachains”). This parallel processing power improves scalability.
Custom blockchains are quick and easy to develop using the Substrate framework and Substrate blockchains are designed to be easy to connect to Polkadots network. The network is also highly flexible and adaptive, allowing the sharing of information and functionality between participants. Polkadot can be automatically upgraded without the need for a fork to implement new features or remove bugs. The network has a highly sophisticated user-driven governance system where all token holders have a vote in how the network is run. Teams can customize their blockchain governance on Polkadot based on their needs and evolving conditions. Nominators, validators, and collators all fulfill various duties to help secure and maintain the network and eradicate bad behavior.
At the end of 2021, Polkadot successfully concluded its first Parachain auctions. The Parachain auctions followed an un-permiss candle auction system. The winning bid is the highest bid at the random moment the auction ends.
Polkadot assigned the first five slots to the following auction winners: Acala, Moonbeam, Astar, Parallel and Clovioner. These projects will have their para chain slots locked in for 96 weeks, guaranteed by the DOT bidders committed as collateral. As customary on Polkadot, all projects had previously been battle-tested on its de-facto testnet Kusama.
How Many Polkadot (DOT) Tokens Are There in Circulation?
Following the network’s redenomination after a referendum on Polkadot, DOT balances increased by 100, so one old DOT was equivalent to 100 new DOT. This meant that the initial maximum supply of 10 million old DOT in August 2020 became 1 billion new DOT tokens. The redenomination was undertaken purely to avoid the use of small decimals and make the calculation easier. While all balances were increased by a factor of one hundred, this did not impact the distribution of DOT or holders’ proportional share. Polkadot’s first initial coin offering (ICO) was held in October 2017, and the Polkadot price was $0.29, with 2.24 million tokens offered. The second ICO was held in July 2020, and the Polkadot price offered was $1.25, and 342,080 DOT tokens were sold.
How Is the Polkadot Network Secured?
The network uses an NPoS (nominated proof-of-stake) mechanism with validators and nominators.Nominators back validators with their tokens. These staked tokens maximize chain security by making it prohibitively expensive to misbehave.
Validators are staked on the Relay Chain and confirm transactions coming from the different parachains. This unique validity scheme enables chains to interact with each other securely under the same rules, yet remain independently governed.
Toman Coin(TMC, TMCB):
What is Toman Coin?
Toman coin as cryptocurrency on Tron and Binance smart chain created by Toman Holding. It is under TMC & TMCB symbols and provides crypto payment facilities to serve Borderless fiat transactions. Its focus is to hold and exchange on decentralized wallets and exchange. Toman coin with a network of independent dealers in nominated countries made risk free connection of fiat money to the crypto market. Who is the creator of Toman Coin?
Toman Holding consists of 5 companies that created Toman Coin More detail about the creator, is available on the whitepaper and at :www.tomanholding.com
What Fiat currencies are in direct trade with Toman Coin?
Currently 6 fiat currencies as bellows via a network of independent official dealers:
* Malaysian Ringgit, MYR
* Emirate Dirham, AED
* Indian Rupee, INR
* Iran Rial, RIAL
* Turkey Lira, TRY
Singapore Dollar, SGD*
Toman Coin symbol and contract address on blockchains:
-TMC is symbol of Toman Coin on the TRON network with contract: TUBLxxJ1yMQ7Py2M5KVnVAbNASadtQvgMo
-TMCB is symbol of Toman Coin on the BSC network with contract: 0x2713e1206540355f75532410dda043b9ef416edb