TOMOE is an ERC20 token hosted on the Ethereum blockchain and backed by an equal amount of native TOMO (on the TomoChain blockchain). One TOMOE is worth the same as one native TOMO at any given moment.
Users can convert back and forth between TOMO and TOMOE at any time via TomoBridge. The proof of reserve is on-chain, which shows the exact 1:1 between minted TOMOE and native TOMO stored by TomoBridge. When TOMOE is redeemed for TOMO, it will be burned. The minting and burning of TOMOE are tracked and verifiable via a smart contract on TomoScan/Etherscan.