Disclaimer

Date: March 5, 2024

This report is based on information obtained from the following sources, all retrieved on March 5, 2024: https://tomoscan.io/tokens, https://www.coingecko.com/en/coins/wrapped-tomo, https://nomics.com/, https://twitter.com/cryptowat_ch?lang=en, https://www.bybit.com/en/

Wrapped TOMO (WTOMO)

Project Introduction and Brief Summary:

Wrapped TOMO (WTOMO) is a tokenized representation of the native TOMO token on the TomoChain blockchain, deployed on the Ethereum blockchain using the ERC-20 standard. This allows users to leverage the benefits of both blockchains, including the security and decentralization of Ethereum and the scalability and fast transaction speeds of TomoChain.

Project Release Date & Token Release Date:

• Wrapped TOMO was deployed on the Ethereum blockchain on August 28, 2020.

Market Capitalization:

• $103,413,903 (as of March 5, 2024)

Current Price:

• $1.15 (as of March 5, 2024)

Exchanges:

• WTOMO is currently listed on several exchanges, including Bybit, Gate.io, Huobi Global, and Uniswap https://twitter.com/cryptowat_ch?lang=en.

Competitors:

• Other wrapped tokens that bridge native tokens from other blockchains to the Ethereum ecosystem, such as Wrapped Bitcoin (WBTC) and Wrapped BNB (WBNB). These competitors have significantly higher market capitalization than WTOMO:
  • Wrapped Bitcoin (WBTC): $6,989,947,324
  • Wrapped BNB (WBNB): $51,011,115,520

Use Cases:

• WTOMO allows users to participate in DeFi applications built on the Ethereum blockchain using their TOMO holdings.
• It facilitates seamless transfer of value between the TomoChain and Ethereum ecosystems.
• Enables participation in Initial DEX Offerings (IDOs) and other token-based activities on Ethereum.

Technology:

• Wrapped TOMO utilizes the ERC-20 token standard on the Ethereum blockchain.

Smart Contracts and Audits:

• The smart contract address for Wrapped TOMO is 0xb1f66997a5760428d3a87d68b90bfe0ae64121cc.
• An audit report for the smart contract is not publicly available.

Investors or Partners:

• No recent news reports (within the last 90 days) were found regarding investors or partners specifically for Wrapped TOMO. However, TomoChain has received investments from various venture capital firms and blockchain projects.

Amount of Money Raised During Presale/ICO/Seed Rounds:

• Not applicable, as Wrapped TOMO is not a new token raised through an ICO or similar fundraising mechanism.

Token Distribution:

• The total supply of WTOMO is capped at 50 million tokens.

Token Economics and Use Cases:

• WTOMO’s primary use case is to bridge the gap between the TomoChain and Ethereum ecosystems. It does not have its own unique economic model beyond its functionality as a wrapped token.

Roadmap:

• The roadmap for Wrapped TOMO is not publicly available. However, the development of the TomoChain blockchain continues with ongoing upgrades and feature additions.

Team Members:

• The core team behind Wrapped TOMO is the TomoChain development team. Information on individual team members can be found on the TomoChain website https://forum.tomochain.com/c/news/12.

Additional Notes:

• It is important to note that using wrapped tokens like WTOMO involves additional risks compared to using native tokens on their original blockchain. These risks include the potential for vulnerabilities in the wrapping process or the underlying bridge infrastructure. Users should conduct thorough research and due diligence before utilizing wrapped tokens.