One of the earliest value propositions of blockchain is to enable consenting parties to transact freely and privately. While Bitcoin and Ethereum do provide instant and non-intermediary transactions, their public ledgers enable governments and businesses to fully track transactions. Based on the yearning for a free economy and a deep insight into the current Internet environment, on April 19, 2023, Tomi, an anonymous project led by eight cryptocurrency veterans including PRNewswire and PRWeb, launched its encrypted privacy layer TPL, deciding to create a new, decentralized Internet ecosystem.
The anonymous team behind Tomi, a DAO-governed, surveillance-free Web3 infrastructure, has launched the tomi Privacy Layer (TPL), an encrypted layer 2 protocol that enables users to conduct private transactions on Ethereum.
1. What is TOMI?
tomi creates an entire alternative World Wide Web that combines the best of Web2 and Web3 technologies to enable a privacy-preserving, self-governing, and self-funding Internet. This parallel network is accessible to anyone through the tomi browser, free from the surveillance and control of large organizations that already dominate the World Wide Web. Rather than reinventing the entire infrastructure, tomi takes the basic working building blocks of the web and supplements them with governance, encryption, identity, and privacy layers, allowing those using tomiNet to become stewards of the network through a directly democratic DAO.
The TOMi project covers multiple core components, including the new Internet TomiNET, supercomputer Tomi MP1, domain name system tDNS and digital wallet TomiPay.
TomiNET: This is a brand new Internet managed by a decentralized autonomous organization (DAO). It uses its own advanced decentralized domain name system (tDNS) and IPFS technology to realize a free network that cannot be controlled or restricted. The TomiNET browser combines the best technologies of Web2 and Web3 to protect user privacy and realize the autonomy of user data and the Internet.
Tomi MP1: This is a mini supercomputer and the flagship product of TOMi's hardware solution. It has powerful computing capabilities and can perform efficient and high-performance computing tasks such as complex simulations, realistic rendering, real-time ray tracing, etc. Users can also get generous rewards from Tomi mining while using Tomi MP1.
tDNS: This is TomiNet's decentralized web3 DNS, which uses encrypted NFTs and actual addresses on the chain, so that no entity on the network can control the addresses after passing through. tDNS is controlled by Tomi's pioneers in the form of a DAO, ensuring freedom of speech without censorship.
TomiPay: This is a powerful and user-friendly multi-chain wallet that supports some of the most popular and reliable blockchain networks. TomiPay can be used to store and trade cryptocurrencies, connect to top DAPPs for defi mining, play decentralized games, and more.
2. TOMI Operation Mode
One of blockchain’s earliest value propositions was to enable consenting parties to transact freely and privately. While Bitcoin and Ethereum do offer instant and non-intermediary transactions, their public ledgers make transactions fully traceable by governments and corporations. This blind spot has led to the development of privacy coins such as Monero and Zcash, as well as privacy layers on top of major L1 blockchains that facilitate discreet transactions away from Big Brother’s surveillance. However, such L2s on Ethereum do not allow users to communicate directly with Ethereum.
Now, anyone can conduct private transactions and smart contract execution directly on Ethereum applications through TPL. TPL's privacy-enhancing technology enables users to prove the validity of statements without revealing any sensitive information. The operating mode of the TOMi project is mainly based on its four core components, which work together in a decentralized manner.
Decentralized Autonomous Organization (DAO): TOMiDAO is the project's guiding and governance body, responsible for all TomiNet-related decisions. It protects members from coercion or other forms of bribery through a fully decentralized and secret voting system. The DAO community will control and use a portion of the project's revenue to manage, develop, maintain, and reward the community.
Pioneer members: As the first DAO members, Pioneers are the main players in building hardware and software. Their votes are not transferable but can be delegated, and voting rights can be assigned to another Pioneer. TOMi will launch a top-level NFT series, which will be collectively owned by the Pioneer members.
Economic Model: TOMI tokens are the core economic model of the project, designed to ensure the long-term self-sustainability, security, and longevity of the project and its ecosystem. Tokens can be used for DAO voting and delegation, rewarding network contributors, development funds, purchasing domain names, paying for cloud services, etc. The distribution and use of tokens will be determined by TomiDAO.
Incentive mechanism: The TOMi project attracts extensive participation from developers and community users by providing generous mining rewards, governance tokens, etc. At the same time, the project also improves user experience and ecosystem value through continuous technological innovation and optimization.
TPL is the latest product in tomi’s broader suite of privacy-preserving tools under the umbrella of its alternative internet ecosystem, tomiNET. tomiNet promises a new internet where Google and Facebook don’t control people’s identities, Amazon doesn’t crush small businesses and host more than a third of the world’s data, and governments and corporations can’t conduct surveillance. tomiNet threatens businesses, fiat currency systems, and power and data brokers around the world. As a result, more than 90 tomi team members feel their safety may be at risk for a number of reasons and have chosen to follow in Satoshi’s footsteps and remain anonymous.
3. TOMI Team Introduction
tomi is a decentralized project led by a core team that can be replaced by a governance DAO. The core team is a group of developers responsible for the development, operation and continuity of the project for a term of 4 years. After the first term of the core team, a core team nomination election will be held, and the DAO will elect team members they deem suitable for the next four years.
tomiDAO may also decide by supermajority to replace the core team or team members between terms if the team fails to serve the tomi ecosystem in accordance with the will of the DAO. The core team will be responsible for all aspects of project management that are not within the direct responsibility of tomiDAO, such as maintaining and developing the ecosystem and community, developing new features and tools to increase decentralization, tracking project financials, marketing and sales efforts, etc.
On March 22, Tomi completed a $40 million financing round led by DWF Labs, Ticker Capital, Piha Equities, and Japanese crypto investor Hirokado Kohji.
4. TOMI Token Economics
TOMI is the token of Tomi, which aims to ensure the long-term self-sustainability, security and longevity of the project and its ecosystem, and provide sufficiently generous compensation and rewards to attract large-scale adoption by developers, while attracting large-scale adoption by the community and users. The main roles of the Tomi token in the TomiNet ecosystem are:
DAO voting and delegation (for members of TomiDAO).
Reward network contributors through TomiDAO’s treasury.
Development Fund (an automatically generated fund controlled by TomiDAO used solely to incentivize development on the platform).
Buy a domain on TomiNet.
Payment for TomiNet’s cloud services.
Pay for products and services in TomiNet.
Pay fees related to TomiNet and the Tomi ecosystem.
There is no fixed total supply of TOMI tokens, but TomiDAO may choose to modify the issuance policy after the first five years. TOMI enters circulation in two ways, an initial minting event and ongoing daily minting, both of which are tied to the issuance of pioneer NFTs. Each year, an additional $10 million worth of TOMI tokens will be minted and deposited into the network development fund.
Based on preliminary and daily minting, the team expects the total supply to reach 597 million TOMI tokens in the first five years of the project, distributed as follows:
Founding team: 18%
Seed investors and initial contributors: 7%
Core team, consultants, developers and marketing team: 33%
For the public, dealers, and TomiDAO: 42%
5. Analysis of TOMI’s future value
In the context of increasing data scrutiny and privacy violations by governments and large corporations, tomiNet brings a practical solution to Internet users. It builds an alternative Internet network that reintroduces the concept of decentralization to the Internet, empowering users with the right to free speech and giving them full control over the content they browse.
tomiNet has learned valuable lessons from the failures of its predecessors and implemented a strict censorship mechanism for harmful content and extremism. This move is aimed at preventing the breeding of dark web and harmful websites. In this system, pioneers and TOMI token holders play an important role in regulating websites, and together they maintain the health and order of the network.
It can be said that TOMI is a good Web3 investment project. If you are interested in WEB3 privacy solutions and see the future potential of this track, TOMI may be a good investment direction.
