We are excited to introduce a new version of TomoBridge v1.1.0 to swap between native TOMO and TOMOE (ERC20).
To simplify the process for users, please follow the detailed tutorial on how to swap your tokens on TomoBridge.
What is TOMOE?
TOMOE is an ERC20 token hosted on the Ethereum blockchain (contract address: 0x05d3606d5c81eb9b7b18530995ec9b29da05faba) 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.
Log into your Metamask account. Switch the network to TomoChain.
Note: if this is your first time switching to the TomoChain network on Metamask you will need to set it up initially. Follow this guide to enable the TomoChain network on Metamask.
Fill in all required information, including the Ethereum address to receive TOMOE & the desired amount. (Minimum amount to swap: 100 TOMO)
** Make sure you own a private key/seeding phrase and can access the Ethereum address receiving TOMOE.
Click “Swap" once you've filled all information.
Swapping TOMO to TOMOE takes up 30 TomoChain blocks, which falls within 1-2 minutes.
Contact address: 0x05d3606d5c81eb9b7b18530995ec9b29da05faba
Token Symbol: TOMOE
Swapping TOMOE to TOMO is similar to swapping TOMO to TOMOE, with some minor changes in setting up the network on Metamask.
Note: TOMOE can only be swapped to TOMO when the network is set up on the Main Ethereum Network.
Fill in all required information, including the TOMO address to receive TOMO & the desired amount.
Note: Please make sure that you have the private key/memoric phrase for the TOMOE receiving address you entered above. Do NOT use your centralized exchange address (Binance, Kucoin, etc).
Swapping TOMOE to TOMO takes 6 Ethereum blocks, which falls within 2-3 minutes.
Network fees vary between swapping TOMO & TOMOE.
Swap TOMOE-TOMO: 0 TOMO
Swap TOMO-TOMOE: 4 TOMO with a minimum Swap amount of 100 TOMO.
** The amount of 4 TOMO is an internal fee that will be deducted directly within your swapping amount. For example, if you enter 500 TOMO to be swapped, 4 TOMO will be taken, and you will receive 496 TOMO in TOMOE.**
That’s it! You have gone through the whole process of swapping between TOMO & TOMOE on TomoBridge. If you have any questions, feel free to contact us via: firstname.lastname@example.org