Tomarket (TOMA): The Go-to Marketplace to Play, Earn & Trade
When you start to get into the world of investing, it can feel a little overwhelming. There are countless types of assets, and you often need to switch between platforms to purchase them. Tomarket hopes to simplify this by becoming a one-stop shop for investors. Its unique blend of trading, gaming and other money-making opportunities makes it an exciting place to look for profitable investments. How do you trade on Tomarket? Here's what you need to know.
Key Takeaways:
Tomarket’s decentralized marketplace offers its users a huge range of trading features.
Its platform lets people buy and sell real-world assets, cryptos, bonds, pre-market tokens, game currencies and more.
What Is Tomarket?
Tomarket is a decentralized marketplace that offers users a huge range of trading features. Its platform lets people buy and sell real-world assets, cryptos, bonds, pre-market tokens, game currencies and more.
History of Tomarket
Tomarket's origins are somewhat mysterious. The project was initially managed by Oliver Tomassi, who claims to be the founder, but since his social media accounts have been suspended, he hasn't released any additional information about how Tomarket was developed. Furthermore, no white paper for Tomarket has been published.
Since Tomarket’s release in July 2024, the project has gradually evolved from a standalone game to a full marketplace. Though not much is known about the people behind the project, it does have some prestigious backers, having received funding from both Bitget Wallet and ForesightX.
What Does Tomarket Aim to Achieve?
Tomarket may have started out as a simple Telegram game, but it has big ambitions, aiming to become an all-in-one platform for gaming, earning and trading. While working on its gaming project, the Tomarket team realized that there was a growing demand for the ability to trade unusual assets. Investors were interested in emerging asset types, such as crypto ETFs, pre-generation tokens and risk-weighted crypto assets. However, there weren't many sites that offered ways to trade these assets.
Tomarket believes that traditional financial institutions aren’t equipped to trade these novel assets. Its team hopes to create a more convenient and user-friendly way of trading. In the long run, Tomarket hopes that providing a trading platform will make it easier to determine accurate pricing for assets, and make it simpler to trade complex investments.
How Does Tomarket Work?
The core Tomarket system runs on the Telegram app, and is powered by The Open Network’s (TON) blockchain, which it uses to verify transactions in a secure and affordable manner. Meanwhile, interaction with Tomarket is through an interface on the Telegram app, so you don't have to use any complex technology. The Telegram Tomarket app is also integrated with the Bitget Wallet, so users have a seamless way to transfer assets.
Features of Tomarket
Tomarket offers the following features for users to explore.
Tomarket Mini App
The Tomarket app provides an exciting way for users to play games and earn tokens. Via the app, you encounter a tomato-themed growing game that assigns players tasks. Those who complete these tasks receive Tomato points that can be converted into tokens.
Listing Season
If you want to trade the TOMATO tokens you’ve earned through the game, Tomarket's listing season is your chance. Initially started in the fall of 2024, it will run through winter. During the listing season, users can receive TOMA tokens and eventually trade them. It will also include features such as weekly rewards for active community members.
Trading Platform
In addition to letting people earn TOMA tokens, Tomarket also includes a trading platform for users to buy and sell a variety of tokens. Its decentralized exchange (DEX) includes both traditional tokens and other crypto assets from a variety of different platforms. In the future, Tomarket has indicated that it will be pivoting its project to focus on the ability to trade tokens instead of prioritizing games. Therefore, this all-in-one platform is eventually likely to see a lot of new features.
TOMA Airdrop
The TOMA airdrop consists of a game users can play on Tomarket. Users can play the TOMATO Farming game to earn TOMATO points that convert to Stars, or play a drop game to earn Stars directly. These Stars are then used to determine weekly rankings, and higher-ranked players will earn more TOMA tokens when the airdrop starts. People will then also be able to stake TOMA tokens to be eligible for even more airdrops.
This airdrop method has created some controversy within the crypto community. After Tomarket’s hyping of a token generation event on Oct 31, 2024, some users were disappointed to realize that they could only stake tokens and couldn’t withdraw them. However, after running another unexpected farming phase, Tomarket eventually announced it would be distributing actual tokens in December 2024. Currently, users can continue to stake and farm tokens in preparation for the listing on Dec 20, 2024.
Tomarket Road Map
Tomarket has listed a road map on its website to help keep users up-to-date on its development. So far, the team has successfully released a game, added some trading options and created support for a variety of TON wallet types. Up next is the Dec 20, 2024 token listing.
Though Tomarket hasn’t revealed what's next for 2025, its blog hints at some potential plans. As the platform pivots to trading a variety of token types, it will most likely need to implement additional trading features, which may include new assets being listed on Tomarket and more streamlined ways of routing orders.
TOMA Tokenomics
TOMA is the native token of Tomarket. It’s primarily a coin to trade, but some users believe it may also be used for governance votes in the future. TOMA has a total token supply of 350 billion tokens. Like many of the other features on Tomarket, the TOMA token will run through TON’s blockchain.
Most of the total token supply is reserved for the Tomarket community, as 80% of all TOMA will be going toward airdrops. Ten percent of the tokens will be reserved for liquidity, and 5% each will be used for platform development and to compensate the Tomarket team.
Is TOMA a Good Investment?
TOMA holds potential promise. Its core concept as an all-in-one platform for trading crypto does address a real need for crypto investors, and could gain it a lot of users. However, the project also has some potential red flags. It hasn't provided a white paper or any other details for investors to peruse, and its putative founder disappeared from social media right before the big token launch. Furthermore, Tomarket's delayed airdrop has led to some frustration that’s alienated some of its user base.
Ultimately, this is the sort of crypto that's good for investors looking for a high-risk, high-reward option. It might not pay off, so it's not worth putting all your money into. However, those who back it could potentially see some big returns. While you'll need to exercise some caution, TOMA could be a good fit if you have money to spare and want a more diverse portfolio.
Closing Thoughts
Tomarket's pivot from a Telegram game app to an all-in-one platform for investing is a big move. While the site does need to show that it can successfully deliver on all its promises, Tomarket could become a valuable part of the trading space. In the long run, the ability to trade a variety of assets from different platforms in a single, united space would be extremely convenient.
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