TomoChain is a highly secure and scalable blockchain network that has been in operation since 2018. One of the most impressive features of Tomochain is that it takes a community-driven approach to accelerate the mass adoption of cryptocurrency and Web3 products. In other words, the network is built on the idea that the collective wisdom of the community can help make it better for everyone. This tool allows for a more efficient and cost-effective way of participating in the crypto economy. TomoChain also offers a number of benefits, such as fast transaction speeds, low fees, and the ability to deploy smart contracts in a secure environment. NOWPayments enables businesses to send salaries, bonuses, and refunds in TOMOE seamlessly and without breaking the bank.
Key points:
- Tomochain is a next-gen network built to promote Web3 adoption.
- TOMOE is an ERC-20 asset belonging to Tomochain.
- Pay your employees in TOMOE via NOWPayments.
What Is TomoChain?
TomoChain is a blockchain and product ecosystem intended for empowering developers, organizations, and institutions to build world-class blockchain projects with enhanced EVM-compatibility. Thanks to leveraging Proof-of-Stake Voting (PoSV) consensus it manages to act as a fast, private, secure, and user-friendly platform. TOMO is the native token of TomoChain. It also has an Ethereum equivalent called TOMOE. TOMOE is an ERC20 token implemented on the Ethereum blockchain, with a 1:1 parity with its native token, TOMO, held on the TomoChain blockchain. The exchange rate for TOMOE and TOMO remains constant.
Why Should I Send Salaries in TOMOE?
Facilitate payroll processing
Salaries in the TOMOE token are a wonderful solution for businesses that are sick of the hassle of the traditional payroll system. We all know how tedious it can be to do the paperwork and jump through dozens of hoops necessary to stay compliant with KYC regulations.
It steals precious time and resources that could be better spent elsewhere. TomoChain crypto salaries are a breath of fresh air for businesses. The blockchain-based system makes it easy to handle salaries quickly and securely. Companies can relax knowing that their employees can receive their salaries in a timely manner, without having to worry about the issues inherent to the mainstream solutions. It is a win-win for everyone.
Bring privacy and security to salaries
The TOMOE coin is a revolutionary new way for businesses to send salaries to their employees in complete privacy. With TOMOE, businesses can securely transfer money to their employees without worrying about prying eyes.
Blockchain’s built-in encryption ensures complete confidentiality, so you can trust that your payment information is safe and secure. With TOMOE, you can rest assured that no banks or other financial institutions will be able to control your money. Ethereum’s security features protect TOMOE users’ funds from hackers, scammers, and other malicious actors.
Pay employees worldwide effortlessly
TOMOE transactions can be executed across the world without any limitations. Thanks to its peer-to-peer nature, TOMOE is available to anyone, no matter where they are located.
That means you can send money to someone living thousands of kilometers away in a matter of seconds – a feat that could previously only be accomplished through expensive, time-consuming processes. Thus, the Tomochain coin enables businesses to pay their employees residing abroad directly and without the involvement of any banks or other similar services. Simply top up your wallet and make the transaction.
Enjoy unlimited transactions
TOMOE has no restrictions, so you have the power to transfer TOMOE tokens as much as you’d like. There are millions of possibilities of how you can use this technology, as the sky is the limit.
You can utilize it any number of times and send salaries to an infinite variety of recipients, which allows you to create the most effective and efficient payment system for yourself and your employees. Your workers can withdraw any amount of TOMOE at any time by swapping it for another currency.
So How Can I Pay People with TOMOE?
NOWPayments provides businesses with a reliable and secure Tomochain payment gateway, allowing them to send and receive payments in TOMOE.
To facilitate the payment of salaries in TOMOE, the Custody feature must be enabled in the NOWPayments account. To do so, please follow these steps.
- Provide your TOMOE token payout address on the Ethereum network.
- Go to the “Custody” section.
- Read the Custody Solution user agreement, agree to the terms, and press “Continue.”
- Provide your IP address, which you plan to use to send salaries, check the box to agree to the Custody Solution terms, and press “Continue.”
- You may be shown a page saying that the Balances feature is temporarily unavailable for you, but it will be removed in a couple of minutes.
- Once the system is ready to process your transactions, it will show you the following page:
- Now, you will be able to pay out salaries in TOMOE by uploading a .csv file to Mass Payouts page.
Conclusion
TOMOE provides a faster approach to payroll processing. Use NOWPayments to pay your employees in TOMOE.