TomoChain has announced today that it will be working with Binance to issue BEP-2 TOMO (Ticker: TOMOB) tokens on Binance Chain. This step will give TomoChain options of interportability with Binance Chain.
TomoChain is joining @Binance Chain. We are excited to announce: we will issue a #BEP2 token and submit a proposal to list the $TOMOB (BEP-2) token on @Binance_DEX. More details here: https://t.co/xgEWieUtJd #TomoChain #BinanceDex #TOMOB #TomoBridge @tomochainjp
— TomoChain (@TomoChainANN) June 28, 2019
What does this mean to the TOMO Ecosystem?
The native token of TomoChain remains as TOMO. With the creation of TOMOB, a part of native TOMO will be migrated to Binance Chain. Users will be able to migrate between TOMO and TOMOB (and vice versa) using TomoBridge. The transaction fees are not yet defined.
How to migrate?
The TomoBridge Website provides complete guidance on the migration process. Users will be asked to provide their TomoChain wallet address and their Binance Chain wallet address. Initially, native TOMO can be swapped to TOMOB via TomoBridge, and the full 2-way feature will be completed within the next 3 months.
TomoBridge testnet has already been launched for internal testing. TomoBridge mainnet will be launched at 3:00 PM Singapore time on Friday, June 28th, 2019.
Listing on Binance DEX
TomoChain is submitting a proposal to list TOMOB in Binance DEX, the decentralized digital asset exchange built on top of Binance Chain. Changpeng Zhao, CEO of Binance, welcomed the move.
— CZ Binance (@cz_binance) June 28, 2019
About TomoChain and Binance Chain
TomoChain blockchain and product ecosystem allow entrepreneurs, enterprises, and institutions to build high-performance, feature-rich blockchain projects on an enhanced EVM-compatible platform.
Binance Chain, a blockchain software system developed by Binance and the community, is a community-driven project with developers and contributors from all over the world. Binance DEX is the decentralized exchange feature developed on top of the Binance Chain blockchain.