News

TomoChain (TOMO) mainnet will be launched on December 14

TomoChain (TOMO) is an innovative solution to scalability problem with the Ethereum blockchain, and other blockchain platforms.

On November 16, the project’s team announced that TomoChain’s Mainnet would be officially launched on December 14th, 2018, 4pm Singapore time. Afterwards, ERC20 TOMO will migrate from the Ethereum blockchain to the TomoChain blockchain’s Mainnet and become native TOMO in a one-to-one ratio.

The team notes, that all ERC20 TOMO will be permanently frozen on December 18th, 2pm Singapore time. A snapshot of ERC20 TOMO will be taken at this time, and native TOMO will be distributed according to this snapshot. The Tomochain team aims to complete the migration by December 20th.

The period from December 14th, 4pm to December 18th, 2pm will be used for exchange and application integration.

The following exchanges have confirmed support for TomoChain’s mainnet:

  • Kucoin
  • KKcoin
  • Gate.io
  • Cryptology
  • Hotbit

The information will be updated by the team.

If you have tokens on one of the exchanges which supports TomoChain’s Mainnet, you do not need to do anything other than follow the exchange’s instructions, reads the announcement.

If you have tokens on one of the exchanges that does not support TomoChain’s Mainnet, you should withdraw your tokens to a compatible wallet that you own the private key for. NOTE: The Tomo mobile wallet will be able to be used for the token swap. The next version of the mobile wallet will be released on November 25th and after this date can be used to store ERC20 TOMO.

If you do not hold your TOMO on an exchange, you need to have the private key of the wallet that holds your tokens. The Tomochain team will migrate all ERC-20 TOMO to the same address on TomoChain’s Mainnet which you can access using your own private key.

If you currently have TOMO on a smart-contract address like multi-signature address, you need to move TOMO to a regular address that you own the private key before the token freeze date to support the migration.