Updated on:11/29/2025 04:59 PM 
CryptoSlate recently sat down for an exclusive interview with Long Vuong, the CEO and founder of TomoChain.
TomoChain is a highly scalable blockchain powered by its innovative Proof-of-Stake Voting (PoSV) consensus mechanism, already being leveraged by commercial enterprises globally. Previously, Long Vuong was a co-founder and a pivotal project lead for the highly successful NEM blockchain (New Economy Movement) beginning in 2014.
As a distinguished blockchain guru and finance expert, Long has advised a diverse range of blockchain projects worldwide, contributing significantly to the industry's growth by developing practical, value-driven products. He is a prominent speaker at prestigious international events and a full-time advocate for blockchain technology.
Can you tell us what motivated you to create TomoChain?
TomoChain's inception was a direct response to the critical scalability challenges Ethereum faced in 2017. However, our vision, as outlined in our whitepaper, was always centered on constructing a robust ecosystem to support what we now call Open Finance (DeFi). We drew inspiration from Bitcoin's creation, recognizing a need for an alternative, comprehensive financial system that was both transparent and decentralized. TomoChain is the realization of that vision—a broader ecosystem designed to minimize blockchain friction, enabling mass market adoption. The goal is to make blockchain's benefits clear and accessible to everyone, while the underlying technology remains seamlessly invisible to the end-user.
Where is your team based, and what was the strategic reason for that choice?
TomoChain Pte Ltd is a Singapore-based entity. We have offices in Singapore, Vietnam, and Japan.
Singapore is a progressive, crypto-friendly hub for blockchain businesses with forward-thinking governance, making it an ideal strategic location.
Could you highlight some of TomoChain's most significant achievements and key milestones?
The TomoChain public blockchain launched on mainnet in December 2018 and has operated with exceptional stability since, becoming the leading public blockchain in the SEA region and the heart of Vietnam. TomoChain is an EVM-compatible blockchain, secured by a PoSV consensus with 150 Masternodes.
Key milestones include:
Launched TomoX in Spring 2020, which enables anyone to launch a permissionless DEX in minutes. TomoX is a Layer 1 protocol, so our Masternode network handles the order book and all transactions that take place on-chain. There are no gas fees for trading. Approximately 12 DEXs are in various stages of launch.
Launched TomoDEX (dex.tomochain.com) in May 2020, offering both spot trading and P2P lending. It has achieved over $500,000 in daily trading volume. TomoDEX partnered with notable projects, like Frontier during their TGE event in September 2020, as a launch partner.
Launched TomoBridge in Spring 2020 to allow ERC20 tokens from Ethereum to be wrapped for use within the TomoChain ecosystem. These tokens do not require TOMO for gas fees; all fees are paid in the token itself. It is also fully integrated into TomoX DEXs, so users can log in to a DEX, click Deposit/Withdraw, and their native tokens are automatically wrapped/unwrapped within the interface.
Infoteria, the owner of Japan's largest Ethereum Wallet, moved their entire development to TomoChain. They launched a social wallet called Pantograph (ranked #1 Social Dapp by Dapp.com for several months), an NFT marketplace, and ported Dapps over to TomoChain. Their plans are to aggressively grow the NFT sector by partnering with major agencies in Japan to produce both physical and digital items backed by the blockchain, usable by the mass market without any blockchain knowledge. The first major campaign is launching in November/December.
Launched LuaSwap in September 2020. A multichain AMM inspired by Uniswap/Sushiswap. It launched on Ethereum alongside our new TOMOE token, a wrapped version of TOMO on the Ethereum blockchain. The LuaSwap pool saw nearly $50M of liquidity locked. We have added new pools, including ones with $LINK and $SUSHI, with new ones launching weekly based on community voting. We plan to launch new versions of LuaSwap on TomoChain, BSC, and Solana in the coming months.
Acquired Lition's Blockchain Business Unit in October 2020. This German-based entity developed an Ethereum side-chain solution targeting the Energy sector in Europe. The acquisition included all blockchain-related assets, such as technology, human resources, infrastructure, and digital properties. Lition's addition to TomoChain's Enterprise division will enhance our capabilities targeting commercial enterprises and use cases. We are also positioning Lition for the professional services market.
What are the benefits of using TomoChain as opposed to other scaling solutions?
Speed and Low Cost: TomoChain is EVM-compatible and operates at 2,000 TPS with a 2-second block time, featuring near-zero fees.
Protocols for Reducing Friction: Layer 1 systems like TomoZ allow tokens to operate without needing TOMO to pay gas fees. TomoX-powered DEXs enable users to have a venue to trade and lend/borrow assets permissionlessly.
Authentic Local Strength: Being in the heart of Southeast Asia makes it much easier to onboard and collaborate with projects local to our region.
Customer Support: We work hand-in-hand with most projects to ensure a productive and positive experience. There is always a support desk, which is a key reason why businesses with existing customer bases choose TomoChain.
What can you tell us about the TomoChain product roadmap? What upcoming features are you most excited about launching?
Q4 2020: We are upgrading our EVM version to support the latest version of Solidity. This will enable both existing and new projects to be easily built on TomoChain.
Q1 2021: We will be launching LuaSwap on the TomoChain blockchain, with plans to explore other chains thereafter.
Q1 2021: Will see the launch of the third Layer 1 protocol: TomoP. TomoP is the Privacy Layer, allowing for the fastest private sends in under 4 seconds. Beyond tokens, TomoP will enable dApp developers to offer purely private experiences. This unlocks improved use cases for enterprise applications, as privacy is one of their primary concerns for using a public blockchain.
What are the biggest challenges of building an Ethereum scalability solution?
From a technology perspective, the challenge is always developing a system and suite of products that solves Ethereum’s pain points while adding features that continue to enhance and evolve our blockchain ecosystem.
From a business perspective, the primary focus is driving mass adoption and use cases through ecosystem partners who leverage TomoChain to benefit their businesses and customers.
Do you have any blockchain and/or crypto predictions for 2021 and beyond?
I believe the crypto space will become more mature in 2021, and DeFi will make a strong comeback on leading public chains.
What are the biggest obstacles for mainstream adoption of crypto?
Friction. Users should be able to use blockchain technology without changing their behavior and having to educate themselves on the process. Blockchain should hide invisibly in the background, while users benefit from its permissionless features, enhanced security, and clear advantages for their assets.
What is your most controversial opinion relating to blockchain and/or cryptocurrency?
I don't consider myself a controversial figure, but I hold the opinion that 90% of crypto participants don't fully grasp the crypto space, but that's actually okay in the end.
