— Binance (@binance) August 23, 2019
According to the announcement, TOMO can now be deposited to Binance and trading for TOMO/BTC, TOMO/BNB, TOMO/USDT and TOMO/USDC will begin at 9:00 AM (EDT) on Saturday.
TomoChain was selected as the second BEP-2 community listing project, meaning the altcoin had a daily trading volume of at least $50,000 USD on the Binance DEX each day over the last month. Binance notes that 11 DEX coins were eligible for listing, including Bezant (BZNT), Contentos (COS), Dos Network (DOS), LTO Network (LTO), MEET.ONE (MEETONE), Pivot (PVT), Ravencoin (RVN), Spendcoin (SPND), TomoChain, TopCoin (TOP) and Verasity (VRAB).
As a result of the listing announcement, TOMO is currently up 13.3% on the day to $0.556, bringing the project to a market cap of $35.8 million.
More About TomoChain
TomoChain notably leverages a proof-of-stake voting (PoSV) consensus for near-zero fees and instant transaction confirmations. The project aims to improve on the current design of the Ethereum network with novel techniques including double validation, staking via smart-contracts and uniform randomization processes. This system allows for 2 second block times and over 2,000 transactions per second.
TomoChain supports all EVM-compatible smart contracts, protocols and atomic cross-chain token transfers and is beginning to onboard dapps onto the platform. A focus of TomoChain dapps has been the project’s mobile application, which allows investors to actively stake their tokens for daily rewards and recently added dapp browser functionality.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.