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1/ Launching the TomoX Testnet is an exciting milestone, paving the way for the decentralized future $TOMO is geared up for. As a platform for launching a DEX in MINUTES, it reduces the need for technical knowhow & enables the future of DeFi entrepreneurship
2/ Reducing barriers to entry & operational overhead for DEX ownership incentivizes innovation & experimentation to drive experiences of value for end-users: Unique asset integration, decentralized KYC, inter-DEX partnerships, incentive programs, etc. You know, important stuff
3/ Future possibilities for TomoX are limitless & more than just trading tokens. $TOMO is empowering the direct exchange of value. Think trading fractional property ownership, grandfathered unlimited mobile data plan, even the remaining contract of a Video Streaming subscription
4/ There are attempts to provide decentralized trading, but there are two key areas to contend with: (1) Security (2) User Experience. DEXs, like IDEX, were revolutionary, but the core flaw is in an order book that is maintained in a centralized database
5/ Such central OBs have a single point of failure. Bad actors could access & front-run trades. Beyond that, trades executed are not actually settled on the $ETH blockchain for a period of time later, meaning the tokens bought/sold cannot be withdrawn until blockchain finality
6/ TomoX, is a "permissionless" DEX. That means there is no centralized component - OB, Custody, or otherwise. Transactions move directly from Wallet A to B powered by the secure PoSV $TOMO Consensus. Tokens are safe. Assets move only between owners. Oh, and it's FAST!
7/ Powered by a 2000 TPS blockchain, $TOMO provides a trading experience that is as close to a centralized exchange experience as possible. Users should not be waiting for placing orders, nor for receiving funds in wallets the moment a trade is executed. TomoX does just that
8/ Don't forget $TOMO tech like TomoBridge and TomoSwap. Built with the purpose of transferring assets across blockchains, they are core components to unlock the power of TomoX. And, as we integrate added functionality into TomoX, all DEXs will benefit
9/ Launch a $TOMO DEX on the TomoX Testnet for FREE with testnet tokens. It's a riskfree way to try out the innovations and provide feedback for the eventual mainnet launch. Testnet supports TRC20/21 tokens along with a variety of other non-TOMO based pairs. #BUIDL On!
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