TomoX Powers Pantograph, a DEX on Mobile – Product Release & Updates

TomoX Powers Pantograph, a DEX on Mobile

Pantograph DEX is a powerful Decentralized Exchange built on TomoChain. Interestingly, Android users can very soon start using Pantograph DEX on their mobile phones. Pantograph 1.1.5, the android version of the DEX will soon be released on the PlayStore. According to the official blog, the team is also trying to bring the DEX to the AppStore before Christmas 2020.

Undoubtedly, Pantograph DEX offers seamless trading to its users. Along with great trading experience, it also offers high transaction speed at the lowest fees. One of the most attractive features of Pantograph DEX is that it accepts all fees in USDT. This simplifies users’ trading experience immensely. Pantograph’s offers so many advantages over other DEXs and the credit goes to TomoX.

Apart from that, the exchange does not need the customers to conduct KYC or make minimum deposits. Using Pantograph DEX, the traders can trade cryptocurrencies like Bitcoin, Ethereum, Yearn.finance (YFI), and more. Interestingly, the transaction fees starts as low as 0.001 USDT/transaction. Furthermore, the DEX takes only a couple of seconds to unlock traders’ assets or to process a matched order.

TomoX Advantage

Under Pantograph DEX sits the TomoX core decentralized exchange protocol. The prime advantage of using TomoX is that a DEX can be built on top of it within few minutes. Thus, even without extensive technical knowledge of building a DEX, a user can build one with minimum development costs.

Furthermore, TomoX is integrated into the core layer of the TomoChain blockchain consensus. However, TomoX manages order matching and execution. A DEX like Pantograph interacts with the underlying TomoX protocol. The protocol helps send/receive trade orders to/from TomoX. At the core TomoX processes these trade orders.

2 glorious years of TomoChain Mainnet

On 14 December 2020, TomoChain celebrated 2 years of TomoChain mainnet. All in all, 2020 has been a great year for the project. In Q1 of 2020, it rolled out TomoP Public Testnet, the privacy protocol that hides all the transaction-related information within 4 seconds. Furthermore, in Q2 of 2020, the team went ahead with Excalibur Hardfork to enable TomoX and TomoDEX mainnet. Along with this, TomoChain brought DeFi users a superior new swap protocol, LuaSwap. The swap protocol addresses the shortcomings of existing swap protocols.

Q4 of 2020 started with a big strategic acquisition. TomoChain acquired Lition’s Blockchain project. Impressively, it also partnered with Vietnam’s Ministry of education & Training to secure millions of diplomas.

TOMO Price

In the last 7 days, TOMO price is up by 8.6%. At the time of press, the token is trading well above $0.74. 

For more crypto-related updates, do check out Altcoin Buzz YouTube Channel.

 



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