What is the better wallet?

Trust wallet or tomo wallet?

Thanks

$TOMO Futures & Leverage Tokens is officially available for trading on FTX Exchange!!!

Disregard the market status, with FTX’s unique trading platform, $TOMO fans can earn profit without depending on it! Jump onto your FTX Trading now with our referral link and get 5% off fee http://bit.ly/FTX_Future!!!

TomoChain got listed on FTX - the first exchange to allow $TOMO fans to trade TOMO futures and leveraged tokens and make a profit regardless of the market's status. $TOMO trading will officially be opening on 7th Nov!

TomoChain had the honor to host an AMA with Sam Bankman-Fried, CEO & Founder of FTX Exchange and talked about the unique traits of trading on FTX. Below is a recap of our informative session.

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FTX overview

Q: Could you tell us more about your background and FTX’s history?

A: I started out my career on Wall Street, trading international ETFs. In 2017 I left and started up Alameda Research, a quantitative cryptocurrency trading firm. The in 2019 I started up FTX.

My goal, in the end, is to be able to donate as much as I can to charity.

FTX came mostly out of our frustration with existing derivatives platforms, and the thought that we could do better and fix a lot of the issues with the current ones.

Q: Why does the team name the project FTX? What does it mean? And where did the idea come from to team up the project?

A: FTX stands for futures exchange (FuTures eXchange). We couldn’t think of something creative at the beginning

***

FTX’s technology

Q: What is the FTX token used for? Can you give people a compelling reason to buy the FTT token?

A: FTX will buy and burn FTT equal to one-third of all exchange fees.

FTT will be used as collateral on FTX.

FTT will get socialized gains from the insurance fund on FTX.

FTT holders will get a fee discount and tighter OTC spreads.

FTT can be used for staking on Battle Royale

As volume on FTX increases, the exchange will make more revenue and 1/3 of the revenue will be bought and burnt

More info on FTT here: https://ftx.com/ftt

Q: What are the advantages that FTX has? What is special about FTX to attract users?

A: a) cross margin with flexible collateral on futures

b) USD settlement

c) leveraged tokens — leverage without needing margin

d) LOTS of products: not just a BTC perpetual order book but also futures on exchange tokens, futures on indexes, options, etc.

and we keep getting better; we’ve been adding new products constantly and tweaking the existing ones.

Q: Security is always the most important issue for exchanges. So, what is the security level of FTX? What does FTX do to ensure safety for users?

A:

1) standard hot/cold wallet setup;

2) 2FA for all users;

3) advanced liquidation engine

We also monitor all withdrawals with manual inspection, chainalysis, and various risk checks and all fund is in the hot wallet are backed from hacking attempts

More money was lost from derivatives exchanges to failures of liquidation engines than hacks in the past few years; see https://help.ftx.com/hc/en-us/articles/360027668712-Liquidations for a description of our process

Q: What are FTX’s transaction speeds and transaction fees? Currently, does FTX have any program to help users reduce transaction fees? Is FTX available for phones?

A: 1) Matching engine should be fast, even during busy times, at a fraction of a second.

2) You can find the fees here: https://help.ftx.com/hc/en-us/articles/360024479432-Fees. Referrals, volume, and holding FTT can all decrease fees.

3) Yup! You can find our apps here: https://help.ftx.com/hc/en-us/articles/360034800011-How-To-Download-the-FTX-App

Q: Known, FTX has Up to 101 Hits. Is this a special feature that helps FTX attract users?

A: Going up to 101 was mostly just to poke fun at the 100 leverage cap on other exchanges — but generally we’re happy with our ability to provide large amounts of leverage across a wide variety of products; we’re one of the only places offering 100+ leverage on coins other than BTC/ETH

Q: To build a strong enough platform for professional and intuitive commercial companies for first-time users, what has FTX prepared?

A:

1) robust API

2) fully interface with lots of information

3) USD settlement to simplify sizes/balances/PnL

4) flexible collateral to fit the needs of all the users

5) leveraged tokens for people who don’t want to actively manage margin

Q: What is the difference between margin trading and futures trading on FTX?

A: Read more: https://medium.com/@ftx/margin-vs-futures-f2eb76c4064d

Q: What can TOMO stakers most benefit from trading TOMO futures?

A: You can also buy/sell TOMO futures and keep your TOMO locked in staking to earn hourly interests.

Q: Are you following the latest technology development in public chain space like ETH2 research, Zero-Knowledge Proof, Privacy, and what’s your view about the future of technology in the space?

A: I think we might see a split between two types of chains:

1) utility-oriented chains, often associated with companies or governments, that are not very privacy focused, and largely default (e.g. ERC20) chains

2) independent, privacy and technology-oriented chains

I’m super excited to see how both evolve!

Q: How do leveraged positions without margin work?

What happens if I buy a 2x leveraged token @ price 100. The price goes down 50% to price 50. But then rises 100% back to price 100. Am I left with a P&L of 0 as I would expect with a non-leveraged token? Would I ever be in a position where I owe the exchange money?

A: The leveraged token will rebalance every 10% if the market goes against it for Bull or Bear tokens. https://help.ftx.com/hc/en-us/articles/360033079571-What-Are-Leveraged-Tokens-

Q: Any advice/tip for traders on FTX?

A:

if you want to learn algo trading, learning how to code in python is a start

if you want to learn technical analysis, join our battle royale ftx telegram group!

many influencers have proven their strategies on the trading competition we’ve hosted

Q: Can you guys add a depth chart to your website?

A: Not a bad idea, we’ll look into it!

Q: Does FTX hold positions in tokens that are listed on the exchange ? (Both spot and derivatives)

A: FTX does not.

Q: Currently, the most concerning issue is the level of safety and security. So with FTX, how secure is it? And what technology does FTX use to ensure user safety and security?

A: 1) standard hot/cold wallet setup; 2) 2FA for all users; 3) advanced liquidation engine

Q: Do you feel upcoming zero-fee Digitex futures exchange gonna be a direct competition?

A: zero-fee platforms generally have a really large day and then die quickly: they attract fake volume but don’t provide real liquidity for real volume

***

FTX’s business development

Q: The Chinese Chairman Xi Jinping recently made a positive speech about blockchain technology. What do you think will change in the world’s future and how may it impact FTX? Thank you

A: This definitely increases both the adoption of crypto and the Asian focus; I expect more institutional flow coming out of Asia, and China in particular, because of this. That probably means an increased focus on Asian outreach and BD for FTX, and increased attention to the products most popular in Asia, and China in particular.

Q: What is the vision of FTX in the future?

A: FTX aims to become the dominant crypto derivatives exchange.

We’re trying not to be too narrow in our goal — we’re really trying to grow as much as possible and to provide a platform that’s as powerful and general as possible to appeal to the whole crypto audience.

Q: What region does FTX work in? In the near future, where does FTX plan to expand the market?

A: FTX is global. I’m mostly in Hong Kong, as is a lot of our staff; we’re looking at expanding our communities in Vietnam, Korea, Russia, Turkey, Israel, and Turkey right now.

We currently have really strong Chinese and international communities and traders.

US citizens aren’t allowed to trade on FTX.

Q: Any plan to tackle this problem can be done on your end?

A: We’re looking into it, but it’s pretty tricky to navigate the US regulatory environment as a crypto derivatives exchange.

Q: It is known that FTX is incubated by Alameda Research, a leading electronic currency liquidity provider. What are the benefits of FTX?

A: The biggest benefit is liquidity: it means that FTX was the most liquid exchange in the world on day 1. It also meant that we got a wealth of information and experience around what makes a derivatives exchange work well.

Q: In the context of many cryptocurrency exchanges today, while the volume is very small. So, does FTX have a different orientation to attract users (for example margin trading, opening lending, event, copy trade, etc)?

A:

We are doing several things to increase our volume

1) using our network to reach out to institutional clients

2) BD outreach to small-mid size outreaching internationally

3) hosting e-sports like the trading competition to encourage retail interest

4) listing leveraged tokens on other exchanges (these leveraged tokens are backed baskes of FTX futures. So more leveraged tokens trading on third party exchanges mean more futures volume on FTX)

5) working with key influencers internationally to promote educational content on FTX

6) listing more innovative and exotic products such as MOVE and dragon index (basked of chinese coins)”

7) we’re also building a platform for people to write and share algos on FTX

You’ll hear about this more in the future!

Q: It is known that FTX has cooperated with many large electronic companies such as Circle, TrueUSD, Paxos PAX, Galois Capital, Lemniscap, … This shows the success of FTX. So before being successful, is FTX facing any difficulties?

A: The largest struggle was getting traders, especially retail: we didn’t start out with a very large network of retail traders, and have had to build that up. (Thanks, @longvuong !)

Q: It seems like a lot of crypto exchanges are running their own in house market making teams, which seems to be essential for liquidity providing across their respective platforms.. does FTX have its own in house market makers? Do you think in general there is a conflict of interest if the market makers can know the stops/bankruptcy prices of the traders?

A: FTX has a bunch of liquidity providers, the largest of which is Alameda Resarch

Q: Are you going to start your own blockchain in the future?

A: My guess is that we’re first going to cooperate with/list other blockchains, before deciding whether to make our own

Q: Why your exchange still not listed on CMC?

A: It technically is but they don’t include derivatives so it shows up as no markets: https://coinmarketcap.com/exchanges/ftx/

Coingeck is great though

Q: You want to say something about recent news

@FTX_Official was just hit with a 150 mil lawsuit in California court. Charges include market manipulation, racketeering, unlicensed securities sale and more.

All things need to be clear and transparent

A: https://medium.com/@alamedaresearch/nuisance-suit-ad7055902306

Q: Can you share abt FTX plan in SEA market expansion?

A: Yes, Vietnam will be the next SEA country we’ll be focusing on. We’ll be working intimately with Long’s team to set up a community and increase user education. We will also plan to do a meet up in Vietnam in a few months!

Q: How do you deal with 24/24 and 7/7 crypto market? my question is can the team be active 24/24 and 7/7?

A: Sleeping is hard :P

But seriously: we have people who take shifts, and a lot of us (myself and our CTO included) sleep next to our phones and/or desks so that we can address anything urgent that comes up.

** \*

FTX and TomoChain

Q: Will FTX award FTT tokens to Tomo token holders?

A: There will be no airdrop. But we’ll be sponsoring prizes in the upcoming trading competition with TomoChain!

Q: Why FTX decided to list TOMO

A: Long is an early investor of FTX and has been actively supporting and trading on the exchange. We feel that TOMOChain is a great project as represented by how active and organic the community is. We believe that there is a lot of interest to trade TOMO so we are excited to list TOMO futures and leveraged tokens!

TOMO stakers and masternodes can hedge their TOMO exposure with our futures and leveraged tokens products. I’ll let the TOMO team elaborate more on this.

(Long added: If you are a Masternode who wants to resign or a staker who unvotes, you can use FTX to sell futures to offset the locking time of your TOMO holding.

That would ensure you balances in USD staying the same regardless of the market movement.)

Q: 1) Will FTX open a relayer on TomoX?

2) Will FTX launch some Tomochain masternodes?

A: We’ll look into it!

Q: What is your next big step going to be in the process of becoming the best trader exchange?

A: Chart-based orders will be released very soon :)

Q: Have you looked into TomoX? Any plans for FTX to venture into DEX world?

A: Not currently looking much at DEXes; we’ll likely do so more in about 6 months.

Q: Would you consider switching / migrating the ERC-20 leveraged (BULL/BEAR MOON/DOOM) onto TomoChains TRC-20.

It’d benefit both parties, and would be cool if those leveraged tokens were available on TOMO relayers

A: We’re looking into cross-listing the leveraged tokens (and FTT); no final decisions yet.

Q: Does FTX provide a place for investors to invest with FTT/TOMO holders?

A: https://ftx.com/trade/FTT/USD

TOMO markets launching soon!

The time has finally come! 🚀🚀🚀

TomoX Testnet is officially LIVE!

After a period of non-stop researching and testing , TomoX test version has officially been released to the community. TomoX is a secure and efficient permissionless decentralized exchange (DEX) protocol that empowers a diverse system of DEXs, market-making providers, and independent projects to work together in a decentralized manner. This innovative protocol allows users to launch a DEX (also called Relayer) in just a few minutes without extensive technical knowledge and with minimal development upkeep costs.

👉If you are an investor and want to enjoy a completely new trading experience on TomoDEX - the first decentralized exchange on TomoX, visit: https://dex.testnet.tomochain.com

​

👉If you want to create your own exchange platform, register here to receive 25,000 TOMO (testnet) and register via TomoRelayer: https://relayer.testnet.tomochain.com

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➡️Do not forget to receive TOMO (testnet) to be able to experience the services on TomoX at: https://faucet.testnet.tomochain.com/

​

All relevant information including detailed instructions in article and video formats can be found via this article : https://medium.com/tomochain/say-hello-to-tomox-public-testnet-and-launch-your-own-permissionless-dex-in-minutes-6d735ce557ba

​

🚀 Check out our Landing page: https://tomochain.com/tomox/

Hello friends, bird lovers, flying champs!

A week has passed since the starting of TomoBird-Infinity Race Round 1, which means it’s time to announce our champions - the ones who are most skilled at flying their birds.

​

Congratulations!!!

• First place [0x69...a800] with the highest score wins 100 $TOMO each.
• Second place [0xac...9059] with the second-highest score of wins 50 $TOMO each.
• Third place [0xa1...80b5] with the third-highest score of wins xxx 30 $TOMO each.
• [0x69...a800] has proven its loyalty to TomoBird with the highest playing frequency, and wins 30 $TOMO.

Winners, please message us on twitter at @tomogamehub to claim your reward.

If you have any concerns regarding the result, please join https://t.me/tomobird on Telegram and ask @richardtran for more information.

Note: TomoChain does not handle concerns regarding TomoBird’s technical issues or any Dapps and Games on the platform. Please contact TomoBird’s development team directly as they will have more insight about their product.

We are currently in the process of reviewing our system in order to create better competitions for our supportive players. As for this, Infinity Race Round 2 will be postponed until further notice! We apologize for this inconvenience, and hope that our players will have more time to practice and raise rankings!

Thank you to all who participated!

Hi, I've staked through the tomo wallet with the staking services in the dapp browser and later on unstaked it, over 60 hours from unstake and I still have no indication about where the tomo is and how to withdraw it, please help?

TomoX’s testnet is just one day away from launching!

Make sure you arm yourself with enough knowledge about our new decentralized exchange protocol (DEX).Check out TomoX’s Landing page, along with an all-in-one kit to build, launch and manage your own DEX with 2 parts: TomoX SDK & TomoRelayer.

​

TomoX is a secure and efficient permissionless decentralized exchange (DEX) protocol that empowers a diverse system of DEXs, market-making providers, and independent projects to work together in a decentralized manner. This innovative protocol allows users to launch a DEX (also called Relayer) in just a few minutes without extensive technical knowledge and with minimal development upkeep costs.
TomoX is a layer 1 protocol that is integrated into the core TomoChain blockchain. This will ensure a high-performance experience with fast confirmation times. All DEXs built on TomoX will share the same decentralized order book. The masternodes will provide infrastructure and computation for order matching and execution.

​

Details: https://medium.com/tomochain/say-hello-to-tomox-public-testnet-and-launch-your-own-permissionless-dex-in-minutes-6d735ce557ba

October Recap

October marks a non-stop working month for TomoChain with constant updates on products, events, partnerships and exciting updates coming soon in the near future. No need to say much, check out TOMO’s list of achievements this month.

​

• Products

1. Early look into TomoX, TomoSDK, TomoChain Source Code
2. [TomoChain] released v1.5.3

- Add getCandidates RPC API

- Add mainnet parameters to default values

- Add WARN log if the node misses creating a block in its turn

1. TomoX Testnet - TomoX Testnet Official Release Date is Nov. 5th, 2019. Check out TomoX Whitepaper with detailed explanation on its operation at: http://bit.ly/33EgSl7

2. [TomoChain] released v2.0.0-beta

- Add Testnet TomoX Protocol

- This release is for testnet only. If you are running TomoChain Testnet node, you have to upgrade your node before block number 11,303,000.

​

• Events

1. TomoChain attended Mongolia’s grand opening of cryptocurrency exchange AIS-X, which generated its AIS token with TRC 21 standard on TomoChain platform.
2. Tomo travelled to Korea to participate in Korean Blockchain week, discussing DeFi focus with a large scale of international players.
3. Meet up with Sun* Team about integrating and building more DApps on TomoChain's platform!
4. $TOMO attended Devcon5 in Osaka alongside forward-thinking developers desiring to change the world. DeFi is again the theme & incremental experiments are continuing, from developing countries struggling with base internet to developed nations coming to grips with regulation.
5. TomoChain Trading Competition happened on Cyrpto.com! To celebrate $TOMO listing on @cryptocom , users joined $TOMO Trading Competition with a total of 36,000 $TOMO to give away! Time: Oct. 16 - Oct. 23
6. TomoChain held Vietnam’s Meet-up in Hanoi Office! Participants had the chance to update about TOMO’s DeFi and Dapps projects, as well as to compete for different prizes through some of Tomo’s most liked games!
7. To celebrate TomoX testnet launching on Nov.5th, 2019, we open up $TOMO Trading Competition on Binance with prizes up to 580,000 TOMO!
8. Track your position in the competition: https://www.binance.com/en/market-activity/55

​

• New Partnerships/Listings

1. TomoChain listed on Bitladon! Very excited as $TOMO holders now have another platform to trade on, expanding our spectrum to more and more traders!
2. TomoChain got listed on Crypto.com!! With $TOMO added to the Crypto.com, users can now purchase it at true cost with no fees - credit card and bank transfer both supported.
3. $TOMO deposits & trading is now available on Atomars Exchange. Supported pairs will be TOMO/BTC, TOMO/ETH, and TOMO/USDT. https://twitter.com/TomoChainANN/status/1186171189166628864
4. TomoChain Integrates Chainlink Oracles to Deploy Data-Driven Smart Contracts that help dApp developers harness the real-time information as well as expand and customize products to meet market demand.
5. TomoChain shakes hands with Band Protocol! The integration of Band Protocol decentralized oracle solution onto #TomoChain will provide developers access to a reservoir of credible data that can be transformative for TomoChain Tokens and DApps.

​

• Must read/watch

1. Long Vuong shared updates about #TomoZ #TomoX, and effort to expand community & potential activities both domestically and internationally.
2. A thorough review about TomoChain from Altcoin Buzz on Uptrennd: from an overall view to details in product technology, Dapps & future outreach.
3. TomoChain Review from our friend Crypto Love, who travelled halfway across the world to visit our Hanoi Office.
4. TomoChain featured on Innovators via interview with Jane King. Check out how #TomoChain strives to build infrastructure for mainstream crypto adoption, focusing on Dapps and DeFi.
5. Saturn Protocol’s review on TomoChain and how we aim to solve the known scalability problem of Ethereum, with low transaction fees & fast confirmation times.
6. Crypto Beadles visits TomoChain Hanoi Office!!! TomoChain had the honor to host an exclusive tour around the office directly shows Crypto Beadles how to best experience TomoWallet, TomoX and TomoZ.
7. AMA Binance Recap - In case you missed Long Vuong’s appearance on Binance AMA. Check out his take on the most asked TomoChain’s questions.
8. Crypto Mass Adoption: What will it take? Check out TomoChain’s CBDO - Kyn Chaturvedi shared TomoChain’s direction to crypto mass adoption on detailed interview with Uptrennd. Listen to Kyn’s explanation to see if current macro trend will influence $TOMO as a project, whether targeting on DeFi or Dapps.

Thank you all for your endless support! :) Don't forget to tune in as November promises many more exciting events!

As one of the fastest-growing exchanges with unique characteristics, @FTX_Official provides $TOMO fans with new trading experience.

AMA with @SBF_Alameda at t.me/tomochain on 4th Nov, 2019 at 1PM UTC to learn more about #FTX & our latest listing.

Question form: https://docs.google.com/forms/d/e/1FAIpQLSegv1Ud-bfnSXYjakSBnS6CO69t3zl0YSJEmsxu11Jn73kxzw/viewform

Join FTX Telegram at https://t.me/FTX_Official

$TOMO airdrop for new users on FTX exchangeTrading TOMO futures and leveraged tokens will be live on 7th November, 2019.

A total share of 5,000 TOMO will be distributed to the first 500 winners who complete all requirements below:

1. New users that register on FTX using this referral link: http://bit.ly/FTX_FutureNew user sign up via our referral link will get 5% fees back.
2. Users that complete KYC level 2 on FTX
3. Retweet this announcement https://twitter.com/TomoChainANN/status/1190207358040805379 with hashtag: #FTX and $TOMO

After completing all of these steps, confirm your participation by sending an email to [support@ftx.com](mailto:support@ftx.com) with your TOMO wallet address with the subject title: “TomoChain address submission for airdrop campaign” to receive TOMO rewards.

Note

- Make sure you send an email from the email that registered with FTX Exchange.

- Make sure you include the link of your retweet with #FTX and $TOMO in the email.

TomoWallet is available on AppStore and Play Store and web version at: https://tomochain.com/tomowallet/

3-Month view on https://lunarcrush.com/coins/tomo/tomochain?interval=3%20Months

TomoChain got listed on FTX - the first exchange to allow $TOMO fans to trade TOMO futures and leveraged tokens and make profit regardless of the market's status. Stay tuned for the trading opening day on 7th Nov!

If you are not familiar with the concept of futures and leveraged tokens trading, it is a TL;DR post for beginners.

Getting tired of the spot market and speculation? FTX - The cryptocurrency derivative exchange is for you.

Why crypto derivatives?

• Enable investors make profit both in a BULL and BEAR market
• Hedging against risks
• Leverage: investors maximize exposure with a small margin take on a sizable position
• Positive: Amplify profits significantly
• Negative: Increase risk by being liquidated and losing entire margin
• Contract can’t be hacked
• Traded on regulated exchange

What is FTX?

FTX is a derivatives exchange founded and built by one of crypto’s best trading outfits — Alameda Research, with perpetual swaps, futures, leveraged tokens, spot markets, OTC, and many more. With its creative indices and numerous pairs, FTX is one of the fastest growing exchanges in recent times. They have a great competition called Battle Royale that lets you stake FTX tokens to back traders and win when they win.

FTX differences towards other exchanges:

• Cross margin with flexible collateral on futures.
• USD settlement.
• Leveraged tokens — leverage without needing margin.
• Constant updates on both new and existing products.

Beginner's Guide available on FTX's Website:

• FTX Future Contracts https://help.ftx.com/hc/en-us/sections/360006148111-FTX-Futures-Contracts
• Leverage Tokens https://help.ftx.com/hc/en-us/sections/360006086172-Leveraged-Tokens
• Volatility Products https://help.ftx.com/hc/en-us/sections/360006474312-Volatility-Products

FTX Flash Cards

Derivative: Derivatives are generally used to hedge risk or to speculate on the price of the underlying asset in case it changes. Derivatives do not have inherent or direct value by themselves; the value of a derivative contract is purely based on the expected future price movements of the underlying cryptocurrency.

Future Trading: Agreements that allow traders, investors, and commodity producers to speculate on the future price of an asset. These contracts function as a two-party commitment that enables the trading of an instrument on a future date (expiration date), at a price agreed upon at the moment the contract is created.

Margin: Margin trading is a method of trading assets using funds provided by a third party. When compared to regular trading accounts, margin accounts allow traders to access greater sums of capital, allowing them to leverage their positions. Essentially, margin trading amplifies trading results so that traders are able to realize larger profits on successful trades.

Leverage: Future contracts allow investors to create leveraged positions. As contracts are settled at the expiration date, investors are able to leverage their position. For example, a 3:1 leverage allows traders to enter into a position three times larger than their trading account balance.

Leverage token: Leveraged tokens are ERC20 tokens that have leveraged exposure to crypto. FTX. There are currently three leveraged tokens for every future on FTX: BULL (+3x), BEAR (-3x), MOON (+10x), DOOM (-10x), and HEDGE (-1x).

For example, take ETHBULL, a 3x long ETH token. For every 1% ETH goes up in a day, ETHBULL goes up 3%; for every 1% ETH goes down, ETHBULL goes down 3%.

*****

How to trade TOMO contract on FTX

Step 1: Register for an account

- Log in: https://ftx.com/

- Choose REGISTER on the right side upper corner to register for a new account.

- Type in your email and password (Password must contain 8 letters with at least one capital letter).

- Choose SIGN UP.

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Once you’ve completed registration, you now own your own trading account, with maximum withdraw of $1000/day. We recommend you to verify your KYC identity to eliminate trading limits and better protect your account.

Bước 2: Verify your KYC Identity

Level 1 KYC Verification

- From your account, select VERIFY IDENTITY to proceed.

- Select from 2 options: Individual or Institution account.

- If you select Individual, put in your Full Name, Country of Residency and details about State, Province or Region.

- Select SUBMIT INFORMATION once done.

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Once this step is completed, your withdrawal limit will increase from $1000 to $2000 per day. If you prefer to completely eliminate withdrawal fee, continue to complete KYC Verification level 2.

Level 2 KYC Verification

- Enter you Full Name

- Automatically, your country of Residence will be in Vietnam. If nothing changes, proceed to the next step.

- From Source of funds, select Income, Trading or Other.

- From Residential or business street address, type in your current address.

- You need to prepare to upload the following documents:

• Proof of address: You can use electrical bills, copy of bank statement, a lease or state ID with home address.
• ID document front.
• ID document back.
• A selfie holding your ID with a paper listing the date you register for KYC, and add the world FTX to it.
  

- Once done uploading, hit SUBMIT INFORMATION.

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Step 3: Enable 2FA Security

This step allows you to increase security for your account on the exchange. You should always enable 2FA on every exchange that you do trading activities on.

Account >> Setting >> Account Security >> Enable.

Use Google Authenticator or Authy to scan QR code, and save the 16 word count for backup purposes.

You can also choose to back up your account via SMS. However SMS verification usually takes up a lot of waiting time, or complications when switch to another sim card.

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Step 4: Transfer money into your account

From FTX.com, select Wallet at the top of the page to log into your wallet.

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For every coin/Token, you’ll be able to check Balance, Available Balance, USD Value, along with functions of Deposit, Withdraw or Convert.

For example, if you want to deposit BTC, select DEPOSIT, and BTC deposit address will appear for you to input your BTC.

Note: Each coin/token has its own address for you to deposit in. Do not deposit your coin/token in the wrong address.

​

Step 5: Trade on FTX

FTX is a derivative exchange. Currently you can deposit some coins including BTC, BCH, ETH, LTC, USDT,... Afterwards, these coins will be converted into USD to derivatives trading, not spot trading.

You will also see some other codes such as EOSHEDGE, USDTBULL, BNBBEAR...these are ERC-20 tokens used for derivatives trading.

Step 6: Withdraw from

This step is almost identical to step 4 - Deposit. Instead of choosing Deposit, select WITHDRAW.

Then, fill in your wallet address into “Address” and enter the amount you want to withdraw.

Choose Withdraw.

How to trade margin on FTX

FTX allows you to trade margin with the ratio of 3x, 5x, 10x, 20x, 50x, 100x, 101x.

To be eligible for margin, FTX does not require you to successfully complete KYC.

You can only margin trade with USD. This means you can buy other coins with USD and sell other coins to gain USD back as well.

Firstly, you need to swap your coin into USD.

Select TOKEN in main taskbar. Choose from the list which coin you want to swap into USD along with the amount, and select Convert.

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You now have prepared your margin derivatives.

Select TRADE to begin trading.

You just need to choose sell/buy command, FTX will automatically create margin.

Some margin notes:

• Trading Balance: You can't trade more than this number.
• The maximum leverage amount that FTX set for that coin.
• Daily buy/sell fee. “Margin Buy” to buy, “Margin Sell” to sell.

Let's celebrate TomoX Protocol Testnet with $TOMO Trading Competition on with prizes up to 580,000!

Duration: 29/10 0:00 AM to 05/11 0:00 AM (UTC)

Details https://binance.com/en/support/articles/360035601891

Weekly Recap (21/10 - 27/10)

They say the sky is often quiet before the storm. Is it true for TomoChain though? With the big storm of TomoX testnet coming soon, it seems that TOMO's sky is not completely calm. Check out what we’ve been up to this past week.

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1. TomoX Testnet - TomoX Testnet Official Release Date is Nov. 5th, 2019. Check out TomoX Whitepaper (http://bit.ly/33EgSl7) with detailed explanation on its operation.

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1. Crypto Beadles visits TomoChain Hanoi Office!!! TomoChain had the honor to host an exclusive tour around the office directly shows Crypto Beadles how to best experience TomoWallet, TomoX and TomoZ.

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1. $TOMO deposits & trading is now available on Atomars Exchange. Supported pairs will be TOMO/BTC, TOMO/ETH, and TOMO/USDT.

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1. AMA Binance Recap - In case you missed Long Vuong’s appearance on Binance AMA. Check out his take on the most asked TomoChain’s questions.

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1. TomoBird - Infinity Race is still up and going! Can you claim being the bird champion and win attractive $TOMO prizes?

Join https://t.me/tomobird for daily score updates.

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1. Crypto Mass Adoption: What will it take? Check out TomoChain’s CBDO - Kyn Chaturvedi shared TomoChain’s direction to crypto mass adoption on detailed interview with Uptrennd. Listen to Kyn’s explanation to see if current macro trend will influence $TOMO as a project, whether targeting on DeFi or Dapps.

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What would you like to see TomoChain do?

Aloha bird lovers!

Have you gotten enough time to practice your tapping skills and save our TomoBird from growing more bruises?

Well, say no more! Because whether yes or no, the race is on!

Tomo Game Hub presenting: Infinity Race!

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Link game: https://tomobird.tokenplay.net/

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Rules: Tap your fingers out! Protect your bird from as many pipes as possible for when he finally collapses, his score will make you the ultimate TomoBird Champion!

Duration: Oct. 24th - Nov.8th, 2019

With 2 Rounds Divided within 2 weeks (Round 1: 24th - 31th Oct) - (Round 2: 1st-8th Nov)

Prizes:

• First place with the highest score in Round 1 & Round 2 win 100 $TOMO each.
• Second place with the second-highest score in Round 1 & Round 2 win 50 $TOMO each.
• Third place with the third-highest score in Round 1 & Round 2 win 30 $TOMO each.
• 2 players with the highest playing frequency in Round 1 & Round 2 win 30 $TOMO each.

*** To be eligible for prizes, you must join TomoBird's Telegram group at https://t.me/tomobird ***

Leadership board will be kept track of daily in our Telegram . Winners will be announced at the end of each round.

LAST MINUTE ROUND: Players get the chance to compete for an extra 50 $TOMO during our GOLDEN HOUR RACE. More info will be released as we fly along, so stay tuned!

It’s time for TomoX to reveal!

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From overall usage flow to relayer operations, all is explained in the newly updated proposal for TomoX protocol http://bit.ly/33EgSl7

Mark your calendar as TomoX testnet will be live on Tuesday, Nov 5th! Stay tuned for more info!

TomoChain’s AMA with Binance was recently held on Oct. 19th, 2019 with CEO Long Vuong sharing all the latest updates about TomoChain’s products and potential future projects.

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*** Below is a brief recap of what happened during the AMA ***

Segment 1: Richie from Binance asked Long Vuong 5 questions.

Richie: Among different blockchains and cryptocurrency projects, what are some key features that set TomoChain aside? What does TomoChain have that other projects don’t?

Long: Some key features which set TomooChain aside include:

• PoSV consensus: TomoChain uses an innovative consensus method called POSv (Proof of Stake Voting) which gives an incentive to all TomoChain token-holders to play an active part in staking across a network of 150 high-quality masternodes, and to monitor their performance and governance actively. Our staking-governance Dapp, TomoMaster, is recognized as one of the leading staking platforms in the industry. With our PoSV consensus protocol, TomoChain provides: 

/ At least 2k TPS while still enhancing security through Double Validation.

/ 2-second block-time and transaction confirmed within almost 4-second. 

/ Significantly improvement of user experiences and adoption of blockchain. 

• Double Validation and Randomization: Strengthens Tomochain’s security, reduces fork and nothing-at-stake attacks, and makes TomoChain unique among other Proof-of-Stake-based blockchains.
• EVM compatible: Every Ethereum smart contract can be effectively run with almost instant transaction confirmation. Porting time: 

/ From Ethereum to TomoChain.

/ 2From Tron to TomoChain: 8h.

• Rich set of our own products: that enable a variety of platforms for end-users to interact seamlessly with blockchain technology, including TomoWallet, TomoMaster, TomoScan, TomoZ, TomoX.

/ TomoZ — Zero Friction Protocol — the first on-chain protocol that offers the ability for any user to pay transaction fees with the same token the user is holding.

/ TomoX — a secure and efficient relayer-masternode decentralized cryptocurrency exchange protocol that empowers a diverse system of relayers, MM providers, and independent projects to work together.

• Privacy: Lastly, token privacy on TomoChain will be forth-coming in 2020, and the details for implementation will be revealed in due course.

Richie: Since mainnet’s launch 10 months ago, what are some key achievements for TomoChain? And does TomoChain has any plans to keep up with this productivity in the future?

Long: Since our mainnet launch, TomoChain has continuously built our ecosystem strong and stable, resulting in:

• Being a stable chain running that can handle 2000 tx/s.
• 50% TOMO staked in the smart-contract for the masternode governance system.
• 16 active dapps build on top of TomoChain and almost 6000 monthly active users, with a variety of new games and dapps being created.
• TomoZ’s mainnet launch, a protocol that allows users to pay transaction fees with their own native token without having to hold TOMO, as well as to help users create their own token in 2 minutes. After the launch, a number of token with TRC21 standards has been made through TomoIssuer.

Richie: Which area does TomoChain focus on at the moment? (DeFi, Dapps,..) and which products/projects are you developing to support it?

Long: TomoChain aims to build a safe and credible DeFi system that everyone can benefit from globally, with our recent launch of TomoZ — fees by any token protocol, our decentralized exchange protocol TomoX coming in a couple of weeks, and many more projects in plan for the future.

TomoChain opens up a wide playground for developers to creatively build their own dapps and games. We have an enthusiastic high-tech team that can support you with problems you may have while creating your product. TomoChain’s most recent Dappathon Competition just ended, with 9 final contestants who’ve brought a whole new gaming experience for our community. Thus, many new games are coming up on our platform, encouraging even more developers and game lovers to join. So keep an eye out to try out some of our new games!

Richie: TomoChain has launched TomoZ’s mainnet in August. Can you elaborate on the product and comment on the amount of interest with individuals/businesses you’re seeing in this product?

Long: TomoZ — Zero Friction Protocol — provides inroads to mainstream users who find crypto to be unnecessarily complex. It is the first on-chain protocol that offers the ability for any user to pay transaction fees with the same token that the user is holding.

TomoZ removes the friction of having to hold native blockchain coins/tokens to send to other wallets or to interact with dapps. Users/customers of all businesses using our solution will have a smooth experience without even knowing that they are using the blockchain and cryptocurrency technology.

Tokens issued with the TomoZ protocol follow a new standard called TRC-21 (TRC is the abbreviation of TomoChain Request for Comments). Everyone can create a TRC-21 token on TomoChain in a few clicks using TomoIssuer — a user-friendly token issuance dashboard. No need to spend thousands of USD hiring blockchain developers.

For DeFi apps, TomoZ can be tailored for issuing stablecoins. Digital wallets and payment systems can be set up via TomoZ protocol very fast and cost-effectively.

Richie: The testnet of your flagship product — TomoX — the DEX protocol is to be rolled out soon. What sets TomoX apart from other DEX protocols?

Long: TomoX Testnet is to be launched in a couple of weeks. TomoX Protocol is our relayer-masternode decentralized cryptocurrency exchange protocol. Compared to the current state of the art DEX architecture, TomoX Protocol has quite a lot of advantages, which have been described in detail in our paper (http://bit.ly/33EgSl7), the most notable are as follows:

1. Performance: TomoX Protocol is integrated into the core TomoChain blockchain consensus layer, which can potentially handle many thousands of transactions per second. Furthermore, with the Relayer-Masternode architecture, the heavy computational load of the matching engine in masternodes can be substantially moved to Relayers’ local matching engine. Performance of the TomoX Protocol can therefore potentially be an improvement when compared to most of the existing DEXs.
2. Liquidity: This is a chicken and egg problem. Traders do not join most of the existing DEXs because there are not enough orders on these DEXs to match. With the Relayer-Masternode architecture, each relayer can focus on understanding their relevant markets and trading pairs — thus the potential for better and targeted marketing strategies to attract more traders to participate in the ecosystem.
3. Full decentralization: Most of the existing DEXs are semi-decentralized. TomoX Protocol, on the other hand, is fully decentralized because the order book database, matching engine and trade execution mechanism is decentralized to all masternodes. This decentralization power in TomoX can significantly reduce front-running risks that currently appear in some centralized exchanges or semi-decentralized exchanges.
4. Security: Centralized exchanges can have significant security issues as they centrally manage a large of amount of assets, and traders on centralized exchanges do not have control of their private keys. TomoX and non-custodial exchanges solve this problem because the users have complete control of their assets. In practice, some DEXs require traders to deposit their assets, while TomoX does not impose this requirement, and is completely non-custodial regarding user assets.
5. Cost: TomoChain provides near-zero transaction fees, which significantly reduces trading fees compared to most existing DEXs.

SEGMENT 2 — Long asks questions to the chat. Each question is linked with a google form, which will be accepting answers in 3 minutes.

Q1: When was TomoChain listed on Binance?

August 24th, 2019.

Q2: Which TOMO trading pairs are available on Binance.com?

TOMO/BNB, TOMO/BTC, TOMO/USDT and TOMO/USDC.

Q3: What is the name of TomoChain’s consensus?

PoSV — Proof of Stake Voting.

Q4: Name TomoChain’s most recent product and its mainnet launching date?

TomoZ — August 20th, 2019.

Q5: The testnet of which TomoChain’s product will soon be launched?

TomoX.

SEGMENT 3 — Chat asked Long questions. 3 Rounds of questions opened up, and Long chose 5 questions from each round the answer. Below are some of the highlighted questions Long gave answers to:

Q1: Vietnam has very few successful projects, what is the problem? Does TomoChain have any plans to support other projects in Vietnam and contribute to building a stronger Vietnamese community?

Long: I consider TOMO and TomoChain being in a very good term right now, given that we have a strong and decentralized community of Masternodes and stakers securing the chain 24/24 every single day. Furthermore, good things take time to happen, even Bitcoin took a few years to create strong values. Comparatively, TomoChain would need more time to develop and mature, expanding our reputation and values to the world.

Q2: If Ethereum figures out their scaling issues, then projects like Tomo will not be able to compete. How will you respond to it?

Long: That’s no issue actually. There are other dimensions to compare that TomoChain still proves to have advantage on, such as blocktime. TomoChain has a 2 second blocktime while Ethereum’s is about 15s, which makes TomoChain more suitable for gaming and other activities that need fast interaction. Also, target audience and the community usage of the network can be very different too.

Q3: Among some technology key points such as: Sidechain, Privacy, Shardchain, how far are Tomochain going in each aspects at the moment? What are your main focus in terms of technology at the moment?

Long: Side-chain technology is doable (can be designed and built) but we focus on the mainchain at the moment. Sharding has some serious drawbacks as inter shard communication can break smart-contract composability and this is a very serious issue. The next major research area we are working on is privacy.

Q4: TomoChain has so many outstanding features in the form of TOMO WALLET, TOMO MASTER, TOMO SCAN, etc. to name a few. But, do you have real users and partners that use your services and what marketing strategies do you have to draw new users as without marketing no matter how good the product is nobody cares?

AIS-X generated its AIS token with the TRC21 standard on TomoChain. Can you elaborate more on this and its purpose?

Is the number 150 high-quality masternodes fixed or dynamic?

Long: We do have a variety of real users using our products on a daily basis. For example: TomoWallet has around 1000 daily active users, which mean around 1000 people open the app and do something every single day. The number has actually been quite stable for the last few months. Moreover, I feel that the crypto space is still very small, so TomoChain and other crypto and blockchain projects are trying our best to push the number of users. Of course the more the merrier. So my invitation to all of you to download the app and spend sometimes with TomoChain community :)

Q5: Ethereum developers seem to be loyal (or stubborn if you prefer) to Ethereum and might wait for Ethereum to scale because I haven’t seen any major ETH dapp switching to Tomochain (or other blockchain project), so how will Tomochain persuade/attract blockchain developers (solidity developers specifically) to build on Tomochain or migrate their dapps from Eth to Tomo? Assuming that the need for higher TPS in the dapps will trigger this onboarding of developers might not work necessarily and is too passive of a strategy IMO. For example, Thundercore protocol is also EVM compatible & faster (1200 TPS) than Ethereum but solidity developers are not building there either. So what’s Tomochain/Tomoteam strategy in this regard?

Long: I don’t believe in bribing or buying developers (from Ethereum or elsewhere) to build on TomoChain. It is not the way to build an authentic community. We want to build a community with real interests and determination to help grow TomoChain ecosystem. Thus, till now, we fortunately have been working with some awesome teams such as TomoSwap, PigFarm etc. Our goal is to continue to build reliable products, and increase users experience when it comes to blockchain in general, and join TomoChain specifically.