AMA Recap: CRYPTO MINERS X AEX X TOMO CHAIN

AEX is a global digital asset trading service platform dedicated to building a trustworthy digital asset bank for millions of users. Since its establishment, AEX has held the principle of neutrality and do not be evil, advocates safe investment and stable value-added. AEX supports over 200 global high-quality blockchain projects with more than 300 trading pairs. Our mission is to build a digital asset platform that millions of users can rely on. We have held the principle of neutrality and do not be evil, advocates safe investment and stable value-added.

Tomo Chain is a scalable blockchain powered via Proof-of-Stake Voting (PoSV) consensus and used commercially by companies globally. TomoChain achieves 2000 TPS, 2-second blocktime, and ~$0 gas fees without compromising decentralization. TomoChain is a public EVM (Ethereum Virtual Machine)-compatible blockchain with the following advantages: low transaction fee, fast confirmation time, double validation and randomization for security guarantees. In particular, we propose Proof-of-Stake Voting (PoSV) consensus, a Proof-of-Stake (PoS)-based blockchain protocol with a fair voting mechanism, rigorous security guarantees and fast finality. We also present a novel reward mechanism and show that, with this mechanism, the blockchain has a low probability of forks, fast confirmation times, plus the contributions and benefits of masternodes are fair in the sense that the probability distribution function is uniform eventually.

We hosted an AMA session with AEX and Tomo Chain on 9th May.

Miss Uzma was the host from Crypto Miners and Miss Asya from AEX and Mr. Justin from Tomo Chain was the guests. They shared delightful knowledge and unique features of their projects.

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Segment 1️⃣: Introduction

Uzma || CRYPTO MINERS:
Hello Everyone 👋
Welcome to the special AMA session with AEX x Tomo Chain

Lets welcome our guests Miss Asya from AEX and Mr Justin Yan from Tomo Chain

Justin Yan:
Hi everyone, my name is Justin. and I’m the marketing manager from TomoChain

glad to be here and nice to meet you :)

Uzma || CRYPTO MINERS:
Welcome here 🤗

Lets get started without any further delay 😄

Asya:
Hi,everyone

Uzma || CRYPTO MINERS:
Welcome here 🤗

Asya:
Hi,I am ASYA,it’s nice to be invited to the CRYPTO MINERS community. I would like to thank all the participants for their participation in today’s AMA.

Uzma || CRYPTO MINERS:
Thankew for having here and bringing us again the AEX ❤️
Dropping the first question

Can you give a brief explanation about ‘AEX Exchange’ & ‘Tomo Chain’. What popped up in your minds to create such platforms in this Space?

Justin Yan:
Lady’s first. Let Asya finish her answer, and I’ll go ahead with mine :)

Asya:
You are so nice. Thank you ,Justin.

Such a gentle man

Let’ continue

AEX crypto exchange was established in 2013. It provides world leading management services for crypto assets. The scale of crypto assets stored on it is at the forefront of global exchanges.

AEX has eight major international headquarters in the United States, Japan, Hong Kong, the United Kingdom, Singapore, Vietnam, France and the United Arab Emirates. 😊AEX is committed to secure investment and steady appreciation, and provides protection for users’ assets through regulated encrypto licenses, fiat currency docking, etc.

After 9 years, AEX has reached millions of registered users covering more than 200 countries and regions around the world.

AEX is the only exchange that combines the flow of industry information and crypto assets.

It has the global BitTalk community and has created an encrypted space that transcends the boundaries of nationality, region, culture, and economics to introduce truly inclusive finance with distributed user participation.

Justin Yan:
cool. The whole motivation to start TomoChain was that in 2018 we saw the restrictions in Ethereum in terms of speed, costs, etc, so we created TomoChain as a public blockchain infrastructure providing an innovative solution to the scalability problem of the Ethereum blockchain.

TomoChain is a highly scalable blockchain powered by Proof-of-Stake voting consensus, secured by 150 masternodes, and allows for blazing fast transactions at almost zero fees. ($1 can support thousands of transactions)

Since the mainnet launch in late 2018, we’ve built out an array of products and protocols for speed, privacy, usability, and liquidity needs all in one platform such as AMM, DEX, wallet, explorer, launchpad, etc. Our products and solutions have been used commercially by businesses internationally from traditional industries, to governmental institutions and of course a variety of different crypto projects.

Uzma || CRYPTO MINERS:
Next question for Mr Justin

2) What are the main features and advantages of Tomo Blockchain that discern it from other blockchains?

Justin Yan:
Sure. Speaking of TomoChain’s advantages, here I’d like to introduce some of our products and protocols.

The first one is TomoZ, where Z stands for zero friction, which is a protocol that allows token holders to pay transaction fees by the token itself without the need to hold TOMO. One of the biggest pain points in crypto is the gas fees. For example, you are new to crypto and you don’t know much about it and you received some SKY token from a shop, the SKY token is issued on Ethereum and you might have to download a few other apps and link your card, pay some expensive fees to get ETH first and then you can use the SKY token you already have. The whole process is super tedious. but with TomoZ protocol, you can use the SKY token right away without all those steps, it’s super handy especially when it comes to onboarding new users that are not familiar with crypto.

and other products I’d like to mention here are also very essential for our developers and users:
- TomoMasterDAO: a grants DAO governed by the community to support developers and projects on TomoChain.
- LuaVentures: a venture capital fund that seeks to make early investments in potential crypto projects.
- LuaSwap: a multichain AMM exchange running on TomoChain and Ethereum
- LuaStarter: a multichain IDO launchpad available on TomoChain, Ethereum and BSC.
- TomoBridge: A cross-chain bridging portal that connects TomoChain to other blockchain platforms

All of these products and protocols are developed and managed by our team. Developers can apply for grants with us from the early stage through TomoMasterDAO, receive seed investment from LuaVentures if they show enough potential, launch an IDO on LuaStarter and get listed on LuaSwap for trading, farming, and connects to other blockchains via TomoBridge. the amount of support we can provide for developers is beyond any other blockchain can offer.

For investors and community members, they can discover emerging projects with TomoMasterDAO and LuaSwap. They can vote for the ones they like on TomoMasterDAO, and they can also invest, trade and farm the tokens on LuaSwap.

To wrap up, what makes TomoChain unique is not only the superb nature of the blockchain network itself like the speed and low fees, but also the outstanding amount of support we cater for our developers, and how the products are well designed for our users.

Uzma || CRYPTO MINERS:
3) How has the experience and background of your team been effective in the success of your project so far?

Justin Yan:
well, we have a group of experts from different cultural and educational backgrounds. Most of the team members of TomoChain are based out of Vietnam. The CEO and founder of TomoChain is Long Vuong who has had more than 10 year experience in the business field. During the completion of his PhD in the US, he and a bunch of friends came up with NEM Blockchain with over 500 million USD in market cap at that time (Top 20 blockchain project in Coinmarketcap).

We also have members from different parts of the world including myself now working remotely in China, and members from Australia, Japan, Singapore, etc. That’s also why we have well-established communities in many countries around the world including non-English speaking countries, such as Vietnam, Turkey, France, China, Japan, Korea, etc.

Though we come from different backgrounds, we all stand on the common decentralized ground and move together as a team. We promote a positive community impact by respecting culture diversity, inspiring original ideas & encouraging critical thinkers.

Uzma || CRYPTO MINERS:
Next question for both of you

4) Now Share us about your Native token, What are the some of utlities of $GAT and $TOMO Tokens in Your Ecosystem? And if possible share to us the Tokenomics

Asya:
I would like to

GAT is a cryptocurrency listed by AEX that is a digital asset exchange platform, and mainly supports the construction of the eco-system of aex.com to build a trustworthy digital asset bank.

I will introduce the basic understanding of GAT from its development, circulation, value, revenue and other aspects to give you a reference.

AEX cracked open the door for users to obtain GAT and also build channels for them to obtain other token revenues.

In operation, AEX rewards GAT to users according to their transaction activity, mining pool contribution, and value sharing, etc, which maximizes the fair acquisition of GAT and liquidity improvement.

On the one hand, AEX accelerates GAT from the beginning of the output to interact with various cryptocurrencies through announcing the GAT trading sequence of spot trading.
On the other hand, various financial services such as Mortgage and Saving not only reward GAT to AEX users in the form of commission charges and mining revenue but also provide greater space for GAT value-added.

- Vitality Contribution: Users who participate in specific trading can automatically get GAT, which promotes the circulation of GAT in liquidity mining.

- Consensus Consolidation: You can get more GAT by holding GAT in finance management. The greater the total lock-up amount, the higher the user recognition.

- Brand influence raises: The sharing principle of GAT eco-value makes brand communication behaviors done by users more valuable. If you recommend others to participate in the AEX business, you can get additional GAT revenue.

As the value carrier of the AEX trading eco-system, GAT is given priority to show its value in the AEX trading.

GAT can not only use for rights empowerment, reward settlement, transaction recording, and so on, but also represent the acquisition of new cryptocurrencies and Defi voting rights, value-added rights, and other rights.

GAT users can be regarded as a special VIP of AEX, enjoying asset value-added and various revenue dividends on AEX, including but not limited to the following situations:

- Deduction Fee: GAT can be used to deduct the withdrawal fee on AEX.

- Trading Pairs: GAT will be used as the unit of account to support a variety of popular spot trading. GAT acts as intermediary crypto equal to USDT/BTC, creating a bridge between spot trading.

- Priority Right: Part of welfare activities in AEX will be based on GAT, and users with GAT can participate in priority.

- Community Value-added service: GAT will be used for a variety of value-added services in the AEX community.

Justin Yan:
$TOMO is the native coin of the TomoChain blockchain. Simple examples are BNB to the Binance Smart Chain, ETH to the Ethereum network. The most fundamental use case of TOMO is paying gas fees when making transactions on the TomoChain network. Other than that, TOMO can also be used for staking, governance, setting up masternodes on TomoChain to enhance the security and decentralization of the network. TOMO has a total supply of 100 million, with 90% of it circulating in the market today after 3 years launching into the mainnet. We have a deflationary tokenomic model with declining annual block rewards over time. The annual block rewards is now sitting at 2mil TOMO since the first halving event last year, and the next halving is set in another 2 years.

Btw, TOMO is also available on Ethereum, BNB chain via our cross-chain bridge portal TomoBridge.

Uzma || CRYPTO MINERS:
Next one is for Miss Asya

5) Is there any promotions/giveaways going on for listing of $Tomo in AEX? Provide us with details that how members can join that?

Asya:
Before the listing of $Tomo, we prepared lots of giveaways for everyone.

But the campaign has ended last month.

No worried, you can still can trade TOMO on AEX via the link: https://www.aex.com/page/new_trade.html#/?symbol=tomo_usdt

And, Don’t get frustrated! We prepare a community quiz for everyone and stand a chance to win prize.
It is easy, just 3 questions.
Score full marks to win. Participate here: https://sourl.cn/q2Ga2n

Additionally, If you don’t have an AEX account, register here:https://sourl.cn/zYSjR9. Novice gifts Up to 1,000USDT.🥰

Uzma || CRYPTO MINERS:
🔥

6) How long did it take to develop this project? What plans do you have for the future? And what can we expect from Tomo Chain? If possible could you please share road map with us.

Justin, this one for you

Justin Yan | TomoChain:
TomoChain has launched into mainnet since 3.5 years ago. We’ve built out many products ourselves as previously mentioned. Besides, our services have been used commercially by different businesses including car tracking, food tracking, health care, etc. Also Vietnamese educational department started issuing educational certificates on TomoChain last year.

Next, we’ll be more focused on creating a better environment and providing better support for developers to build their own dapps and businesses on TomoChain, instead of making everything ourselves and directly competing with the developers. We will be adding more features to LuaSwap, LuaStarter, and TomoMasterDAO so the developers can make better use of them as tools to kick start their businesses. For example, INO launchpad is planned on the way. And many more exciting features will be announced soon as well.

Uzma || CRYPTO MINERS:
7) What are your thoughts and views on Tomo Chain? What do you think about its performance in coming years?

Last question for Asya

Asya:
☺️coool

AEX has been concentrating on Tomo Chain, so we know that Tomo Chain has been running stably and keeps innovating for a long time.
On the one hand, AEX has committed $100 million to help build the ecosystem in the Vietnamese market.
On the other hand, Tomo Chain is also very familiar with the Vietnamese market. Therefore, we hope that we can reach a long-term cooperative relationship with Tomo Chain.

Tomo meets our listing criteria. Various aspects will be examined, for example, innovation, stability, future development planning.

As Justin said, TomoChain’s mission is to accelerate the onboarding of millions of users by powering today’s applications using technology that masks blockchain friction, while retaining its potential benefits.
Let‘s wait and see the futures of Tomo chain☺️Hope Tomo won’t let us down

Uzma || CRYPTO MINERS:
Thats the end of introduction segment
Now moving to Twitter Questions

Segment 2️⃣: Twitter Questions

1) TomoIssuer is a product of your ecosystem that serves to issue different TRC21 tokens, could you give us more details on how this friendly user interface works? Does any kind of requirement have to be met to issue a token with this tool?

Justin, this one for you

Justin Yan:
Great question. TomoIssuer is a very straightforward tool that anyone can use to issue their own token in a few minutes without extensive crypto knowledge requirement. And you can choose to issue a TRC20 or TRC21 token.(tutorial) TRC20 token is the alternative version of ERC20 but on the TomoChain network. Whereas TRC21 token allows users to pay transaction fees by the token itself. But the token issuer will need to make a deposit of at least 10 TOMO for covering the network fees and you can set any amount for transaction fees in the token that you issued.

Uzma || CRYPTO MINERS:
2) TomoBridge is a tool for exchanging tokens between different chains. How does this cross-chain bridge work to transfer assets from TomoChain to other blockchains? What would be the other blockchain chains that this tool can interact with?

Justin Yan:
TomoBridge uses the burn and mint mechanism for bridging tokens mainly between TomoChain and Ethereum. for any amount of the token burnt on one chain, the same amount of the wrapped token will be minted on the destination chain.
TomoBridge has also integrated other cross-chain bridges into our interface including a TomoChain-BNB chain bridge developed by Binance, and Ethereum-Solana chain developed by Solana team.

Uzma || CRYPTO MINERS:
3) As a new project in the market, what is your competitive advantages? As an investor, why would we trust to invest with aex? What are the ways to earn in your platform? Can you tell us more about the aex products and how they work?

This one for you Asya

Asya:
Compared with the exchanges in the market, from the early stage of the development of the cryopto market in 2013, we focused on the popularization of blockchain and entered into the industry information forum; after the number of cryptocurrencies increased in 2017, we focused on earning products.
In 2021, when the regulatory policies of various countries are increasingly subdivided and clarified, we will comply with the regulations and implement national strategies for refined local operations.

The specific actions are reflected in the following:
First, we implement a value token strategy. AEX is known as the discoverer of valuable token. The first users of DOGE, Ripple, BTS, NEM, Stellar and other currencies introduced in the industry have gained considerable benefits.

Secondly, deploy rich financial scenarios to provide opportunities to earn money, such as financial derivatives such as AEX Earn, AEX Loan and Aswap to give platform participants enough space for the allocation of idle assets to obtain ideal returns.

Third, a strong technical team has carried out 9 years of iterative upgrades to the exchange and wallet system. This precipitation can address a variety of cyber and security challenges.

Fourth, product model innovation leads the industry trend, such as the first to discover the value of DOGE, RIPPLE and other tokens, to create a platform token model, to create the first multi-chain and cross-mining product ASwap, DeFi Smart Pool, etc.

Uzma || CRYPTO MINERS:
4) Users often care less about technology, but rather the value of the token. How do AEX manage to strike a balance between developing the technology and also improving the value of the token? What are the benefits of token long-term holders?

Asya:
As I just mentioned,
In operation, AEX rewards GAT to users according to their transaction activity, mining pool contribution, and value sharing, etc, which maximizes the fair acquisition of GAT and liquidity improvement. On the one hand, AEX accelerates GAT from the beginning of the output to interact with various cryptocurrencies through announcing the GAT trading sequence of spot trading. On the other hand, various financial services such as Mortgage and Saving not only reward GAT to AEX users in the form of commission charges and mining revenue but also provide greater space for GAT value-added.
Vitality Contribution: Users who participate in specific trading can automatically get GAT, which promotes the circulation of GAT in liquidity mining.

As the value carrier of the AEX trading eco-system, GAT is given priority to show its value in the AEX trading. GAT long term holders can be regarded as a special VIP of AEX, enjoying asset value-added and various revenue dividends on AEX, including but not limited to the following situations:
1.Deduction Fee
2.Trading Pairs
3.Priority Right
4.Community Value-added service

Uzma || CRYPTO MINERS:
5) Is there any launchpad of AEX for new projects like Binance or other top exchanges have? If there’s any, what are the ways to use it? If not, when AEX is going to launch this important feature?

Last one for Asya

Asya:
I am afraid of it is not on our near-term planning. Maybe you can wait and see. Keep your eyes on AEX.
Welcome to visit on aex.com.
If you have any questions, please feel free to ask us

Uzma || CRYPTO MINERS:
Thankeww both for the well detailed information about AEX and Tomo Chain ❤️

Now moving to the last segment — Live QnA

If you both are ready 😀

Justin Yan:
sure

bring it on :)

Uzma || CRYPTO MINERS:
Asya can we go?

Asya:
Yup Here we go

Uzma || CRYPTO MINERS:
lets go,

Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guests choose some best to answer)

1) MAtin:
For The DeFi Newbie, users that have touch base on crypto (Mostly CEX) but not familiar with DeFi investment or the concept of DeFi in general,
What is your strategy to get them to be part of LuaSwap?

Justin Yan:
well, you are right that it’s hard to get newbies into the DeFi world. but, on LuaSwap we have many rare investment opportunities to offer and it’s almost hard to say no to. Especially since the rollout of LuaStarter, the IDO launchpad, users can make early investment in emerging quality projects that they wouldn’t have access to on traditional CEX. and we have prepared step to step tutorials guiding our users through the process, which is very straightforward.

2) TommY:
What are the Maker and taker fees for trading BTC on AEX ?!

Asya:
Different levels are different, please refer to the picture below for details.

3) Itz Abhi ⚡️:
For TOMO : Can you let us know about your transactions. How much TPS is in TOMO Chain? On an estimation how much transaction fee is there? Can we stake $TOMO to earn rewards?

Justin Yan:
we support 2000 TPS on TomoChain, and the fee is almost nothing. you can make thousands of transaction with less than $1. and of course you can stake $TOMO to earn rewards.

4) Sumit:
Many popular exchanges also got compromised in previous time due to security breach,
how will you ensure your users and traders that it will not happen on AEX platform?

Asya:
As I mentioned earlier, AEX has proven itself in 9 years of practice in terms of technical security and caution in the selection of cryptos.

AEX has been providing crypto services to various market segments in a compliant manner since mid-2021.
AEX has licenses in Canada, the United States, Singapore, and the United Kingdom, among others, which allow us to conduct foreign exchange transactions, principal payments, crypto trading, and other operations in many regions of the world.
The AEX platform has supported more than 22 fiat currencies. Users in Europe, Asia, North America, and Oceania can safely and easily exchange fiat currencies in AEX. With VND, you can buy BTC, ETH, LTC, usdt, bus, usdc and other crypto assets directly from AEX to participate in a broader field of cryptocurrencies, such as crypto trading, financial management, defi-mining, etc.
Considering that users come from different countries and are used to different ways of payment, AEX also provides various payment methods, such as visa, MasterCard, apple pay, Google pay, bank transfer, etc. In the future, AEX will more actively provide compliant financial services for crypto assets and protection for our users worldwide.

5) Dino Vasishtha:
There are many Developers who don’t get Good tools and aproducts to build their Dapps How can they use the tools to build Dapps on TomoChain?

Justin Yan:
well, we have some amazing tools made for developers, such as TomoIssuer that I already mentioned during the AMA that anyone can issue a new token without extensive crypto knowledge in a few minutes. also, we have a dedicated page for developers, also docs teaching users how to write smart contracts and migrate dapps from Ethereum or other EVM compatible chains. check out our dev hub: https://tomochain.com/developer-hub/

*This segment ends here*

Uzma || CRYPTO MINERS:
Thankeww both for the great information about projects

It was a pleasure to hosting an AMA session with you ❤️

Justin Yan:
thanks for having us. it’s a pleasure to be here

Uzma || CRYPTO MINERS:
Is there anything else you want to share with us?

Justin Yan:
just like to say thanks to everyone. and don’t forget to come check out our social channels

Asya:
Appreciate for inviting and sharing. Thank Justin and Uzma.

Justin Yan:
Thanks Asya for making the introduction for us. thanks Uzma, for the great ama session :)

Uzma || CRYPTO MINERS:
Once again thank you and best of luck for the future 🔥

Asya:
Don’t forget to join community quiz and win some gats

Particatipate here: https://sourl.cn/q2Ga2n

👏Thanks

Uzma || CRYPTO MINERS:
Thankeww

If you want to learn more about AEX, here are some important links for you:

Website: http://www.aex.com/
Twitter: https://twitter.com/Aexglobal
Telegram: https://t.me/AEX2013EN
Medium: AEXGlobal

Tomo Chain links:

Website: https://tomochain.com/
Twitter: https://twitter.com/TomoChainANN
Telegram: https://t.me/tomochain
Reddit: https://www.reddit.com/r/Tomochain/
Medium: TomoChain Publisher