Strategic Partnership between PolkaBridge & TomoChain
PolkaBridge recently revealed its collaboration with TomoChain. The strategic partnership is a forward-looking one that seeks to launch projects of the TomoChain network on PolkaBridge Launchpad. Both new and existing users have been keeping their fingers crossed about this collaboration. The strategic partnership has been expected as PolkaBridge’s proposal of integration gained a victory of 99% when it was passed out to a community vote by TomoChain about a month ago. However, now that it has kicked off, there are lots of expectations. The two companies are optimistic about the strategic partnership. Both teams earnestly look forward to the benefits the collaboration will bring to them.
PolkaBridge is an all-in-one platform for financial applications. It is a decentralized application with services that revolve around farming, fundraising, lending, and prediction. PolkaBridge has also been projected to also include NFT, multi-chain, and cross-chain AMM services very soon.
TomoChain is an L1 blockchain network. It is a PoSV (point of stake voting) network. As a blockchain that enhances the interaction between the platform and clients (the users), TomoChain is known to be efficient in regards to speed, usability, liquidity, security, and privacy. The TomoChain network also features EVM compatibility, very short block time (2 seconds), 2000 TPS, and little or no fees.
One of the biggest aims of PolkaBridge is to expand its horizon in the blockchain ecosystem. PolkaBridge’s platform is usually centered on Polkadot and Ethereum. Although it has been doing well with these blockchain networks, PolkaBridge looks forward to expanding further. The collaboration with TomoChain makes this aim more attainable. With PolkaBridge’s Launchpad being a platform for TomoChain’s projects, more blockchain networks are sure to be featured.
Projects that are based on TomoChain promise a seamless experience as a result of the strategic partnership. They will have more options for the IDO launch. Furthermore, with the support of PolkaBridge platforms, these projects can go multi-chain without any hitches. Aside from the Launchpad platform, PolkaBridge will also provide support through its several other features.
Most prominent among the many benefits of this collaboration is the enhancement of liquidity. The strategic partnership will maximize the liquidity of TomoChain projects by making the network more accessible to new users. On the other hand, PolkaBridge will certainly benefit in terms of higher liquidity. This is major because, since PolkaBridge is launching TomoChain projects on its platform, more users on TomoChain’s platform implies the same for PolkaBridge. There is a direct relationship between the growth of both firms’ projects.
As a company that aims at a chain-agnostic future, this partnership is surely a way forward for TomoChain. Being a versatile Defi platform, PolkaBridge also gets to enlarge its coast through this collaboration.
PolkaBridge is a decentralized all-in-one financial application platform. The PolkaBridge ecosystem is expected to include multi-chain & cross-chain AMM, Farming, Lending, Fundraising platform (Launchpad), Prediction, NFT, and more. All products will be developed with Polkadot in the center.
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