Tomochain is an innovative solution to the scalability problem with the Ethereum blockchain. Tomochain plans to support horizontal scaling via adding more second layer blockchains with good performance integrated with Ethereum for backup and atomic cross-chain transfer. Tomochain is envisioned to be a network of chains that supports instant confirmation, and near zero transaction fee which will be an ideal solution for decentralized apps, token issuances and token integrations for small and big businesses.
The NEXO Token is an asset-backed token and is backed by the underlying assets of Nexo’s loan portfolio. NEXO Tokens Holders will get 30% of the company’s profits. NEXO Tokens offer additional utility features such as discounted interest rates on the Nexo Instant Crypto-backed Loans and are also accepted as collateral on the Nexo Platform. Check out CoinBureau for the full review of Nexo Coin.