Surging NFT Sales Warrant A Closer Look At The Tomi Ecosystem

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

The blockchain industry has seen several amazing innovations in the last few years, including decentralized finance (DeFi) and non-fungible tokens (NFTs). Both concepts have broadened the horizons of what blockchain technology can do and how consumers can benefit from them. Today, Tomi, a blockchain-based project, has combined the two ahead of its token sale. 

It is not unusual for blockchain projects to hold token sales ahead of their launches to raise capital. However, Tomi has taken this a step further by offering an NFT sale which acts as a form of access to the main sale. That is only the first aspect of what this ecosystem will entail, though.

The Tomi Heroes NFT Aspect

Tomi's NFT sale began officially on September 7, 2021, and works in multiple stages. The NFTs are called Tomi Heroes and feature unique artwork for each asset. All sales take place on OpenSea and have raised over $1.5 million. These funds will be used to purchase Tomi's native tokens in the main sale. 

Once these tokens are bought up, they will be burned to introduce scarcity into the market and control token supply. While many projects often use different mechanisms to manage their supply, NFTs in this way are unique. The main TOMI token sale commences September 21, 2021, on SushiSwap, and will consist of 3 30-minute rounds. As the tokens from the NFT sale will be burned, investors can look forward to a prominent investment return.

What You Need To Know About Tomi
The Tomi ecosystem consists of multiple essential pillars. Per the roadmap, TOMISwap is the first native platform users can look forward to. It is a decentralized DEX and swapping platform that will eliminate high transaction fees. That may seem unusual for a project built on the expensive Ethereum blockchain, but Tomi's team has a solution. Instead of relying on gas fees, the platform charges a flat fee of 0.3% of the transaction amount. A fair approach that eliminates any confusion or randomness.

Those transaction fees will be split across multiple wallets. Liquidity providers will earn 0.2% of the fees from the TOMISwap platform and SushiSwap smart contracts. A further 0.05% goes to stakers of TOMI's governance token, creating an incentive to engage in platform governance. Furthermore., 0.02% goes to giveaways among TOMISwap users, with the remainder being sent to TOMIFundMe's grants fund. 

That brings us to the second crucial pillar of Tomi: the TOMIFundMe platform. It allows anyone to create a profile and share their project ideas with associated business plans. If a business is deemed worthy of funding by TOMI token holders, they will receive the necessary support to make a meaningful and lasting impact. Using grants to incentive developers is a smart approach, as it creates a financial "hook" to bring more attention to Tomi's technology and ecosystem.

TOMISwap and TOMIFundMe help the Tomi team to set up wealth distribution unlike any other effort in the industry to date. Moreover, the societal impact these solutions bring to the table.

Closing Thoughts
The TOMISwap and TOMIFundMe platforms can bring more value to Tomi and its TOMI token. However, the token has utility, ranging from governance to liquidity provision and staking rewards. There are multiple revenue options to explore, further empowering token holders to stay in the community for a more extended period. 

Additionally, the team's commitment to using funds from NFT sales to buy back TOMI and reduce the supply confirms a long-term game plan. To find out more, visit the website at https://www.tomitoken.org/main.html.

Image Sourced from Monccur PR

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.