TomoChain joins BEPSwap as Launch Partner
TomoChain will be joining the anticipated BEPSwap Platform as the fourth high quality launch partner.
BEPSwap
BEPSwap was announced on 10th of July 2019 as the first go-to market platform for the THORChain protocol.
Any BNB or BEP2 holder will be able to swap BEP2 tokens at market prices — instantly from their wallet. They can also stake their assets in these pools to earn trade commissions. This is a ground-breaking moment for liquidity and by turning unproductive assets into productive ones the incentives are aligned to turn illiquid tokens into deeply liquid ones.
BEPSwap pools are always kept at market price by anyone being able to arbitrage the price of the market back into the pool. This allows it to become a trustless price feed.
TomoChain
TomoChain is built on a performance layer that achieves high transaction speeds without compromising decentralization. TomoChain uses an innovative consensus method called POSv (Proof of Stake Voting) which gives an incentive to all TomoChain token-holders to play an active part in staking across a network of 150 high-quality masternodes, and to monitor their performance and governance actively. Its staking-governance dapp, TomoMaster, is recognized as one of the leading staking platforms in the industry.
TomoChain flagship products are:
- TomoZ protocol — the first on-chain protocol that offers the ability for any user to pay transaction fees with the same token the user is holding, and
- TomoX — a secure and efficient relayer-masternode decentralized cryptocurrency exchange protocol that empowers a diverse system of relayers, MM providers, and independent projects to work together in a decentralized way.
The $TOMO token is used to incentivise security on the network and ensure that the token holders are all rewarded for the growth of the network. This aligns incentives and it means the platform can become scalable and secure in a permissionless setting. Binance Chain and TomoChain have worked together to issue BEP-2 TOMO tokens on Binance Chain (Ticker: TOMOB)
BEP-2 TOMO token (Ticker: TOMOB) on BEPSwap
The TomoChain protocol requires the $TOMO token to be deeply liquid and accessible to all who want to be part of the ecosystem. By joining as a BEPSwap Launch Partner, TomoChain will be one of the first pools, as well as attaining “BASE PAIR” status. This means token holders can choose to swap into and out of TOMOB to any other token, including viewing all other tokens in prices of TOMOB.
Additional benefits include:
- THORChain will acquire off the market TOMOB tokens between now and the launch in order to bootstrap the TOMOB pool.
- THORChain and TomoChain will work together to promote the ecosystem.
- TomoChain will be able to stake some parts of their treasury into the pool to offer even more liquidity to token holders.
- TOMOB token holders will be able to stake TOMOB tokens in order to earn on trade commissions every day.
Liquidity is one of the biggest challenges facing cryptocurrency investors today. Beyond price action, entering/exiting positions without adversely impacting portfolio value due to slippage is important to attract retail traders. THORChain is providing such a solution to BEP2 token holders. We are pleased to support and engage with THORChain’s BEPSwap platform to provide greater liquidity to TomoChain holders and to the larger Binance Chain community.”
— Kyn Chaturvedi — CBDOBEPSwap is the first decentralised finance application for Binance Chain and we look forward to launching it with TomoChain — a very high quality project with a strong BEP2 token. The future is liquid, open and incentivised.
— Kai Ansaari — THORChain Project Lead
BEPSwap is scheduled for public beta in 6–8 weeks. The RUNE token will be listed on Binance DEX to establish a market price with good distribution on 20 July 2019.
TomoChain BEPSwap AMA
A live telegram AMA will be held in the TomoChain Telegram group soon to discuss any question the TomoChain community may have about BEPSwap. Prizes will be available for the best questions. To stay up to date, please join the TomoChain community:
TomoChain Update
TomoChain has been running an international gaming dappathon that gives the opportunity for the developers in their industry to challenge themselves and gain experience in the construction and development of blockchain games on the dynamic TomoChain platform. The first two rounds of the dappathon concluded with over 1500 game developers around the world building 10 high-quality games. The final round is being held until September 6th, 2019.
Other updates:
- 14 December: Mainnet Launch
- 07 July: TOMOB is officially listed on Binance DEX
- 12 July: TomoChain Partners with Cross-Angle
Follow TomoChain:
Follow the project on TomoChain Announcement Channel | Twitter | Facebook | LinkedIn | Reddit | Github | Sign up for the newsletter on Website
For General support: TomoChain Chat
For Technical support: Gitter
THORChain Update
THORChain will be conducting its Initial DEX Offering on Binance DEX at 0800 UTC 20 July 2019.
Read the announcement here:
To keep up to date, please monitor community channels, particularly Telegram and Twitter:
- Twitter: https://twitter.com/thorchain_org
- Telegram Community: https://t.me/thorchain_org
- Telegram Announcements: https://t.me/thorchain
- Reddit: https://reddit.com/r/thorchain
- Github: https://github.com/thorchain
- Medium: https://medium.com/thorchain
