PolkaBridge Support TomoChain Projects
PolkaBridge is now supporting TomoChain based projects. TomoChain is excited to introduce its new strategic partner , PolkaBridge, an all-in-one DeFi platform. This partnership marks a big step towards its shared vision of a decentralized and chain-agnostic future, and will allow projects built on the TomoChain network to launch IDOs on the PolkaBridge Launchpad.
PolkaBridge’s integration proposal received nearly 100% upvotes from the TomoMasterDAO community, a grants DAO governed by the community that decides the future shape of TomoChain.
With the support of PolkaBridge, TomoChain based projects will have more options for IDO launch, and potentially a more seamless experience going multi-chain with the help of other products and features PolkaBridge has to offer.
PolkaBride is designing a multi-chain Automated Market Maker (AMM) type decentralized exchange, which will allow the users to simulatenous execute swaps or trade assets on different blockchains. It is going to be the flagship PolkaBridge product. It will support Ethereum, Polygon, Solana, Polkadot and Binance Smart Chain (BSC) – after full deployment.
For instance, users can swap Ether (ETH) with PolkaBridge (PBR) token on the Ethereum blockchain and also exchange Binance Coin (BNB) with PolkaWar (PWAR) token – all from one platform. PolkaBridge multi chain AMM decentralized exchange would charge 0.2% fees per swap, out of which 80%
would go to the liquidity providers and the remaining 20% would be routed to a wallet, later used to buy back the native PBR token and burn it. This will increase the value of the PBR token.
ABOUT PolkaBridge
PolkaBridge is a decentralized all-in-one financial application platform. The PolkaBridge ecosystem is expected to include multi-chain & cross-chain AMM, Farming, Lending, Fundraising platform (Launchpad), Prediction, NFT, and more. All products will be developed with Polkadot in the center.
ABOUT TomoChain
TomoChain is a scalable blockchain-powered via Proof-of-Stake voting consensus and used commercially by companies globally. TomoChain’s mission is to accelerate the onboarding of millions of users by empowering today’s applications with technology that masks the friction of Blockchain, all while retaining its underlying benefits.
RESOURCES
Medium
