TomoChain recently announced its strategic partnership with Decentr. As a result of this technical partnership, TomoChain blockchain will be directly integrated into the Decentr ecosystem.
Due to the integration, both Decentr and TomoChain will be able to interact seamlessly. Also, different resources, functionalities, use cases, and assets of each of the two ecosystems will be made available to the other.
#TomoChain is now integrated into @DecentrNet, offering users a further value-add in using assets, resources & functionalities on both sides 🚀@TomoDexOfficial & #TomoX are also utilized as one of the aggregation layers that power the #Decentr dEX.https://t.co/pPQ8rlgrg6
— TomoChain (@TomoChainANN) December 15, 2020
More Benefits for TomoChain Users
This partnership will bring definite benefits to TomoChain users, especially with their access to Decentr’s Personal Data Value (PDV). Besides, TomoChain users can now enjoy the advantages of Decentr’s PDV, which is earned on the Decentr ecosystem and will now be made available to all the assets of TomoChain, including dApps.
Decentr views data as the new currency. The platform has made the decision to return the control, not to mention the monetary value, of a person’s data back into their hands. The secure data that a person generates on Decentr is assigned a payable value (PDV), which can then be used to lower the costs of goods and services bought on the Decentr platform.
With the introduction of Decentr’s PDV to the TomoChain community, dApp developers on TomoChain can leverage the tool and use it to measure DeFi lending and social reputation for users. This implies that trust can be easily increased within the applications that these developers work on through the use of PDV.
Even as TomoChain users will have access to products by Decentr, the TomoChain functionality will also be available within the Decentr browser. This direct availability is due to TomoChain’s integration into the Decentr ecosystem. This means that users of dApps that are built on TomoChain and TomoWallet can access their assets through the Decentr browser.
As such users will gain easy access to their assets via the Decentr browser, they will also be eligible to earn PDV when they do so. This would expand the reach and utility of Decentr’s PDV. Not only that, but it will also provide more value to the user and boost the user experience for participants of the TomoChain ecosystem.
Decentr Leverages on TomoDEX
In this strategic partnership, Decentr will also leverage on TomoChain’s decentralized exchange (TomoDEX). Decentr’s DEX will utilize TomoDEX and the TomoX protocol as part of the aggregation layers that will power the Decentr DEX.
The Decentr ecosystem will also enjoy access to the features offered by TomoDEX and the TomoX protocol, such as a real-time settlement engine, underlying decentralized order book and matching engine, liquidity pool, and low trading fees.
Due to this technical relationship with TomoChain, Decentr’s “data-as-value” will be made available on the TomoChain blockchain. It will also be available across the TomoX protocol and on Ethereum as well. This clearly shows that both parties will greatly benefit from the partnership.
Before now, Metal Pay marketplace announced the listing of TOMO on its platform. Moving forward, users can buy, send, and receive TomoChain’s token TOMO on the rapidly expanding marketplace.
As of the time of publication, TomoChain (TOMO) price was $0.766791 with a 24-hour trading volume of $7,758,010. TOMO price also went down by 2.5% over the last 24 hours. It also has a circulating supply of 76.3 million coins and a max supply of 100 million. Binance is the current most active market trading TOMO.
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