This partnership between TomoChain and Frontier is a step that fosters mass adoption of decentralized finance (DeFi). This is due to the fact that the partnership will empower more users on Frontier’s cross-chain platform to have access to the TomoChain ecosystem, i.e., TOMO and all TRC-21 assets. The partnership goes on to show the great contribution that the TomoChain blockchain can offer to the world of decentralized finance.
Frontier CEO Ravindra Kumar notes, “Frontier and TomoChain share the same vision of DeFi and realise that DeFi won’t be just for one blockchain, but it will be chain — Agnostic. The talented team at TomoChain has been putting immense efforts of building protocols across chains. We are excited to partner with TomoChain who shares the same vision as we do and work alongside to boost DeFi Adoption and introduce Native TomoChain in Frontier Application.”
Frontier is known as a chain-agnostic DeFi aggregation layer. Even before now, its utility token, $FRONT, has been listed for trading on TomoChain’s LuaSwap and TomoDEX. This partnership will go further to allow Frontier to integrate the native TomoChain blockchain to its DeFi interface. This will allow users to spend, receive, store, and track TOMO alongside other TRC-21 assets. In addition, users would have the opportunity to connect to Frontier through WalletConnect and Trust Wallet. With both wallets, users can also monitor their TOMO and TRC-21 assets.
TomoChain CBDO Kyn Chaturvedi says, “Frontier’s focus on providing a blockchain agnostic solution is truly inclusive, and forward-thinking in a space that often plays favorites. Integrating TomoChain into Frontier will provide TomoChain holders with a flexible and user-friendly option to store TOMO assets alongside the rest of their portfolio while driving awareness of our ecosystem to non-TomoChain Frontier users. And as our relationship has been in full bloom for months, it’s an absolute pleasure to finally be partnering with Frontier in an official capacity as we move into the new year.”
This news comes shortly after TomoChain announced its strategic partnership with Decentr, which will enable the TomoChain blockchain to be directly integrated into the Decentr ecosystem.
Before now, TomoChain announced the acquisition of Lition blockchain, a scalable public-private blockchain designed specifically for enterprises.
As of the time of publication, TomoChain (TOMO) price was $0.741967 with a 24-hour trading volume of $8,252,669. TOMO price also went down by 1.7% over the previous 24 hours. It also has a circulating supply of 76.3 million TOMO coins and a max supply of 100 million. Binance is the current most active market trading TOMO.