Data performance in the first week matches Friend.Tech: Can the new SocialFi contender Tomo be acquired?

Author: Vanguard 0

Social products have always been a "battleground" for competition. As a sector valued at over a trillion, it has been highly regarded by the public for the past two years.

Friend Tech is the first explosive crypto social application of this year, becoming a shining star in Socialfi with its unique private community + Key trading model. It not only created a brilliant start for the Base chain but also led a wave of imitation in social products. Despite the emergence of numerous competitors in the market, such as Stars Arena on the Avalanche chain, HUB3 and Friendzy on the Solana chain, and Post.Tech on the Arbitrum chain, Friend Tech still firmly holds the top position.

Unexpectedly, Tomo, backed by Linea, has recently risen strongly, demonstrating immense potential that surpasses Friend Tech. So, what unique aspects does Tomo possess? Let's explore together.

Tomo: TVL matched Friend Tech within about a week of launch

Tomo, a name frequently mentioned in the crypto community recently, is built on the Linea protocol and is backed by a group of heavyweight early players in the industry, including the founders of Polychain, Ankr, and Galex. Interestingly, many speculated that Tomo might be another creation of the Ankr team, but this claim has not been officially confirmed.

Tomo officially launched on October 12, and by the eighth day, its TVL had already surpassed 1000 ETH, matching Friend Tech's achievement. Currently, Tomo has recorded 121,000 transactions on-chain, with approximately 3,760 unique trading addresses; the protocol fees reached $353,000, and $353,000 in revenue was distributed to creators.

Tomo on-chain data performance

Currently, Tomo is a leading application on Linea, with daily trading volume between $3-4 million. Functionally, Tomo integrates AA wallets, significantly lowering the user entry barrier, supporting login via Twitter, Apple, Google, and Email. Overall, the product is smoother and more feature-rich compared to Friend Tech.

Tomo ecosystem map

It is worth mentioning that Tomo has received strong support from Linea. For emerging chains, high-traffic products like Tomo are undoubtedly a significant advantage. Moreover, since Linea has not yet conducted a token issuance, users have the opportunity to earn additional Linea rewards while using Tomo, which undoubtedly adds more appeal to Tomo.

Learning from Friend.Tech, surpassing Friend.Tech

In the realm of digital social networking, Tomo is undoubtedly standing on the shoulders of giants. It has drawn many lessons from Friend.Tech but is not satisfied with that; instead, it has innovated and surpassed on that foundation.

Like Friend.Tech, Tomo has also introduced "Keys" as a trading tool. However, Tomo goes a step further by introducing "Votes." These "Votes" are essentially tokens predicting whether a certain KOL will join Tomo. This means that even if the KOL has not yet joined, users can trade these "Votes." This gameplay not only enhances speculation but also increases the attractiveness of KOLs.

In simple terms, users can purchase "Votes" to predict whether a certain KOL will join Tomo. Once the KOL joins, these "Votes" will automatically convert into "Keys." For example, if you buy a "Vote" for Musk now, it costs 0.43 ETH (about $684), and when he joins Tomo, this price will become the starting price for his "Key."

Tomo's Key feature page

The highlight here is that a 10% tax is charged every time a "Vote" or "Key" is purchased, with 5% going to the platform and the other 5% going to the KOL. This tax accumulates in a "unclaimed value" pool before the KOL officially joins, and as transaction volume increases, this amount can become quite substantial.

For KOLs, they only need to connect their Twitter account to easily claim this money. This is a huge attraction for them. For ordinary users, they believe KOLs won't miss out on this money, so they are more willing to purchase "Votes" in advance.

But what if the KOL decides not to join Tomo? Tomo has designed a clever mechanism for this: if the KOL has not claimed this "unclaimed value" within six months of purchase, the money will be distributed to all "Vote" holders.

Currently, it seems that Tomo offers a smoother application experience than Friend.Tech, with a more aesthetically pleasing interface, and it has boldly innovated in gameplay.

Tomo continues to innovate and iterate, aiming to prosper the on-chain social ecosystem

As time progresses, Tomo has not stopped but continues to innovate and improve.

On the evening of October 19, Tomo released an important feature update. The first major addition was the backup private key feature. This feature not only addresses the common concern in blockchain of "Not your key, Not your tokens" but also includes a 4337 wallet, effectively preventing malicious operations by bots, thus greatly enhancing platform security. Additionally, Tomo has added the ability to send images in rooms, undoubtedly providing more gameplay and creative space for Tomo's users in account management.

What is even more exciting is that Linea plans to hold a points airdrop event in November. As the only social product on the Linea mainnet, Tomo will play a crucial role in this event. At that time, users only need to complete tasks related to Tomo to have the chance to earn points for the Linea public chain and Tomo, which is expected to attract more users to join Tomo.

With the growing prosperity of the digital social field, Tomo has demonstrated its unique competitiveness and potential value. It not only has an innovative trading model but also has established deep cooperation with the Linea public chain, positioning itself significantly within the entire ecosystem.

Linea officially announces Tomo product launch
Crucially, Tomo has shown better execution and higher efficiency in user experience and product iteration. All of this provides a solid foundation for Tomo, giving it the potential to become a leader in the Socialfi sector.

Of course, the road ahead is still long, but Tomo has already earned itself a favorable starting point. We have reason to believe that in the near future, Tomo will shine in this field and become a true leader.