tomi

Tomi is a Web3 company headquartered in New York, with eight offices around the world. It uses decentralized DNS, computing technology, a multi-chain wallet, and a browser to further its goals of decentralizing digital assets, providing cloud services and developing the infrastructure for a Web3 internet. Tomi offers solutions for users to buy, sell, and store tokens and coins. TomiPAY enables the storage of various tokens from different blockchains.

The Web3-based company specializes in providing decentralized services with assisted computing hardware. It aims to expand its solutions in decentralized cloud mining, storage, hosting, and more. Purchase of Tomi’s products (including its Pioneer membership, TOMI tokens, and mining computers) is an investment in the company itself or in its equity.

Tomi's MP1 is a Web3 interconnected machine capable of performing different services, like mining of cryptocurrencies, decentralized applications, 3D printing/rendering, AI, and ray tracing. Each Tomi miner is incentivized with native tokens, according to their participation in the network.

Tomi offers a compact-sized supercomputer and “Plug & Earn” product that can be used when connected to the internet. It is not a self-assembled mining computer. Users will be able to join the Tomi pool, offer computing power to the network, and receive rewards for a proportional share of the pool’s earnings by purchasing a license to offer computing power.

Tomi didn’t undergo an ICO and is not based on a PoS/PoW mechanism. The tokens enter circulation through a proof of mint (PoM) mechanism, meaning that for every Pioneer minted on the network, 36,080 tokens will be included to the supply, or 65,000 at the minting event. After the purchase of Pioneer club memberships, TOMI tokens will be at the initial minting event, and 1,500 Pioneer club memberships will be minted and sold.

TOMI tokens will be minted, and 18,000 will be issued to the Pioneer’s purchaser. For every Pioneer minted, 8,000 TOMI tokens are minted to a wallet with designated funding for marketing costs, and 39,000 tokens go toward the founders and core team. Following the initial minting event, a daily auction on a predetermined number of Pioneer club memberships will be held, and for each membership, 18,000 TOMI tokens will be issued to the Pioneer’s purchaser, 1,080 TOMI tokens to the ArtDAO contributors, and divided between the art owner, voters, and committee. 17,000 TOMI tokens will be issued to the founders and core team.

The daily auction’s predetermined Pioneer minting is as follows: first-year—three Pioneers daily, second year—seven Pioneers daily, third year—ten Pioneers daily, fourth-year forward—one Pioneer daily. At the beginning of the fourth year, extra tokens enter circulation at the additional minting. TOMI in an amount equal to US $10M will be minted annually and issued to a wallet for the development fund to incentivize developers and contributors who contribute to the creation of applications on the platform.

TOMI 10,000,000 will be minted for marketing via airdrops, community activities, etc. TOMI 150,000,000 will be minted and distributed to the founders and seed investors, with a five-year vesting mechanism. As a decentralized project, Tomi’s community will be able to change the tokenomics with respect to any tokens that have not been issued.

There is no limit on the number of TOMI tokens that are supplied in order to grant rewards to contributing members of the community. Newly minted tokens are only allotted for members, miners, and Pioneer Club members.

The TOMI token plays important roles in the tomiNet’s ecosystem, including the following:

• DAO voting and delegation for the TomiDAO’s members and the ArtDAO
• Incentivizing network contributors through TomiDAO’s treasury
• Development fund—an automatically generated fund that is controlled by the TomiDAO and used for incentivizing developments on the platform
• Domains purchased on the TomiNet
• Cloud services payment for the TomiNet
• Payment on products and services in the TomiNet
• Payment of fees related to the TomiNet and the Tomi ecosystem
• More utilities (including staking, airdrops, burning mechanism, etc.), which will be determined by the TomiDAO

The TomiDAO is a part of the Tomi ecosystem, created to govern, develop, maintain, and incentivize the community. The funds in the TomiDAO can be utilized for any purpose, which will be decided by the community according to the governance and voting structure. Potential uses for the funds include distribution to community members, investments in start-ups or digital assets, and investment in marketing.

Additionally, the TomiDAO will control a development fund with an annual budget of USD$10,000,000 in newly minted TOMI tokens, which will be set aside for funding developments of projects and applications on the Tomi platform. The DAO will be governed with the TOMI token, and holders can vote on proposed resolutions on account of its tokens.

The TomiDAO will get a specific portion of the income as follows:

• 7% of Tomi’s profits
• 15% of the proceeds gotten from Tomi’s pool
• 51.5% of the income received from the daily auction of Pioneers club membership
• 50% of the profit from the sale of server computers and licenses to give computing power to the network