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Fantom (FTM), a Directed Acyclic Graph (DAG) based smart contract platform that aims to solve the scalability issues of distributed ledger technologies, has become the latest project to announce its intentions to join the Binance Chain ecosystem.
We are pleased to announce that we are joining the Binance chain family! We’re extremely excited to share that we’ll be collaborating to create a multi asset cross chain ecosystem!
Are we doing this correctly @cz_binance?https://t.co/2FEGi7K9or#SAFU @Binance_DEX
— Fantom Foundation (@FantomFDN) May 22, 2019
According to the announcement, Fantom and Binance will be working together to improve the interoperability of the Binance Chain blockchain. By leveraging a cross-chain ecosystem, Fantom plans to support a number of token standards, including ERC-20 and Binance’s BEP-2.
Fantom has also submitted its request for a listing on the Binance DEX, which is largely determined by community voting.
“In March and April, our main focus was on improving transparency, credited to Binance Info for granting us a V-label project in their push towards a new industry-wide standard for transparency,” stated the Fantom team in the announcement. “In May and June, we will be focused on the interoperability aspect of our ecosystem, starting with our DCRM partnership with Fusion, and our partnership with Binance Chain.”
Fantom has been on a tear over the past week and is now up more than 70% over the period to $0.018342, giving the altcoin a $33.3 million market cap.
FTM is currently listed on several smaller exchanges including KuCoin, Bibox and Bitmax.