TOMI IDO Becomes a Huge Success, TOMI Token Surges in Value

Without a doubt, it’s a celebratory moment as the TOMI IDO was a huge success. The terrific achievement comes after the TOMI token launch conducted in three presale rounds. Specifically, every TOMI round lasted for 30 minutes making it a very brief presale window. Investors in the presale are looking at a 56,655% increase in value over the past 24 hours. 

Additionally, trading occurred on the UniSwap platform on Polygon. As an advantage, Polygon offers fast transactions and low gas fees. This is unlike Ethereum where traders are wailing with ever spiking gas fees. Adding to the Ethereum issues are the tremendously slow transaction processes. Thus, the TOMI ecosystem offers its users much more enhanced technological alternatives that are fast and reliable.

TOMI Token Rounds Sell Out Within a Short Timeframe

The TOMI token sale launch in three different rounds is indeed a genius move. Notably, as presale investors scooped up their share of TOMI tokens, it didn’t take long for all three rounds to sell out. Moreover, the team allocated 750 million TOMI to the SushiSwap pool initially.

Today, that number sits at 4.922 million, confirming users are happy to acquire the token and pool it immediately for liquidity rewards. In addition to the accomplishments, the overall daily volume for this pool is over $8.4 million. As a result, it is a clear indicator that there is a very solid demand for TOMI.

Truly, TOMI investors are set to experience a substantial return on investment and one that will undoubtedly make many contributors happy. In particular. The TOMI pool on SushiSwap notes 5,539 transactions to date. Impressively, the ROI remain at over 54,600% making it an overwhelming success. This includes both the TOMI IDO and the subsequent trading of the token itself.

Additionally, the Tomi heroes NFT collection concluded at over 450 Ether in trading volume. All proceeds from those sales have been used by the Tomi team to buy TOMI and burned it forever, reducing the overall supply. The burn transaction occurred through address 0x000000000000000000000000000000000000dead, making it easy for everyone to monitor this process occurs and how many tokens have been destroyed forever.

Liquid Renouncement and TOMI’s Future Outlook

Tomi handles its project from a community-centric perspective. Therefore, the Tomi team decided to let the community handle how the liquidity across decentralized exchanges is used and distributed.

All the liquidity from SushiSwap has been put into the master address. Additionally, all 600 ETH that was in the liquidity pool has been used to purchase TOMI and increase the token’s native value. Moreover, all of the gathered TOMI tokens will be used to help foster community growth and engagement

TOMI’s future is bright and great development lays ahead. The successful NFT sales and IDO sales are just the first steps for the Tomi team. After that, a lot of development activity focuses on rolling out the broader ecosystem. Not only will Tomi’s solution bring value to TOMI holders, but it will also help transform the DeFi and cryptocurrency ecosystem for the better.

TOMISWAP and TOMIFundMe

To begin with, TOMISwap, is set to launch soon in October 2021. Users can exchange assets across multiple blockchains at a high transaction throughput and very low fees as a decentralized exchange and swapping platform built by the Tomi team. It will run on Ethereum’s blockchain. The team is capping all transaction fees at 0.3% of the amount. Those fees will be split as follows:

• 66.6% will go to liquidity providers
• 16.6% goes to governance token stakers
• 8.3% goes to TOMISwap user giveaways
• 8.3% is used for TOMIFundMe.

Secondly is the TOMIFundMe. On this platform, users can set up a profile to build and grow their business idea. Additionally, TOMI holders can even vote on projects to help them get grants. Meanwhile, the grants are funded by 8.3% of the TOMISwap fees. Likewise, Tomi is decentralizing future development in the industry.

In conclusion, the Tomi team is playing a pivotal role in the development of the blockchain and crypto industry. The project is not only on paper, but the team ensures great execution of the developments listed in its road map. The platform’s native cryptocurrency and takes on a lot of roles. For instance, community governance, liquidity provision, cheap transactions, and much more. Hence, the Tomi team is set to change the DeFi space for the better.

Source: https://coinquora.com/tomi-ido-becomes-a-huge-success-tomi-token-surges-in-value/