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TomoChain (TOMO) | BSC Station - to Boost DeFi Interoperability - Business Partnerships


www.altcoinbuzz.io 19 June 2021 15:21, UTC
Reading time: ~3 m

Popular Proof-of-Stake (PoS) and scalable blockchain platform ,Tomochain (TOMO), has entered a strategic partnership with Binance Smart Chain-powered platform, BSC Station.

The partnership between TomoChain (TOMO) and BSC Station is aimed at expanding cross-chain decentralized finance (DeFi), and non-fungible tokens (NFTs).

The DeFi and NFT space is currently one of the most sought-after spheres in the blockchain, and crypto space. BSC Station, powered by Binance Smart Chain (BSC), has the potential to become the economic framework for both the DeFi, and NFT space. In line with is, TomoChain also disclosed that it was thrilled about what the partnership with BSC Station is set to achieve.

More On The Partnership

The partnership is set to take interoperability between BSC Station and TomoChain to new heights. This means that BSC Station will have access to TomoChain blockchain platform and be able to facilitate cross-chain DeFi, and NFTs. In line with this, BSC Station will also be able to extend its services to more public blockchain platforms. Therefore, providing users of its platform as well as TomoChain’s users to benefit from both platforms.

The collaboration will also ensure more use cases for BSC Station native token, BSCS. This is because the BSCS token will be listed on TomoChain’s decentralized exchange, TomoDEX, and its liquidity protocol, LuaSwap. This means that interested persons can now earn rewards by simply staking BSCS.

It is also important to note that this partnership is setting the pace for more integration and better interoperability in the DeFi, and NFT space. The partnership will also help improve awareness, which in turn will boost adoption for both platforms. Communication across both platforms will also be greatly improved due to the partnership.

About TomoChain and BSC Station

Known as a scalable, Proof-of-Stake (PoS), blockchain platform, TomoChain has attracted the attention of institutional-grade clients for quite a while now. The platform is focused on accelerating global crypto adoption with its blockchain platform and its wide-range product suite. The blockchain platform, in simple terms, smoothens out the issues associated with blockchain technology while ensuring its underlying benefits remain intact.

TomoChain is also well-known for its fast, cost-effective transaction costs, and EVM compatibility. It also boasts of being specially designed to support user privacy, usability, speed, and liquidity.

BSC Station, on the other hand, is a full-stake DeFi platform built on the BSC.

TOMO and BSCS Price

At the time of publication, TOMO was trading at $1.84 with a 24-hour trading volume of $10,775,023. The token price was up by 5.3% over the last 24 hours.

BSCS was also trading at $0.115388 with a 24-hour trading volume of $559,827. BSCS price was down by 9.2% over the last 24 hours.

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