TomoChain and MANTRA DAO have struck a partnership to realize the dream of wider adoption of cryptocurrency among the masses. According to the agreement, MANTRA DAO will run a Masternode validator on the TomoChain, besides integrating the TOMO, TomoChain’s native token, on its platform. MANTRA DAO users can use TOMO for both lending and staking purposes. In exchange, the OM token of MANTRA DAO will get a place on the TomoDEX platform operated by TomoChain, where the token can be utilized for spot trading.
Finer Details
Crypto experts and analysts witness this collaboration from the cryptocurrency adoption standpoint in different verticals of the industry, including decentralized finance (DeFi). On a broader level, the attempt can be easily considered one of the greatest pushes coming from the crypto industry’s leading players to convince people to plunge into digital coins.
According to John Patrick Mullin, council member, MANTRA DAO, this association will be a great opportunity for both organizations to come together and revolutionize the space of DeFi. MANTRA DAO will work in tandem with TomoChain, and this association will help them explore numerous opportunities available in the sizeable DeFi ecosystem.
Given that TomoChain is one of the biggest proponents of a decentralized economy, this coming together promises a grassroots-level change in the DeFi space. TomoChain has already put its roots down in DeFi, and thanks to its innovative and cost affordable services, it has emerged as a preferred choice of customers. One can easily estimate the high transaction speed of TomoChain from the fact that the network can offer 100 times faster transactions than the Ethereum.
Now with MANTRA DAO by its side, TomoChain will get a secure Masternode to bolster its overall safety and security mechanism further. Further, TomoChain offers a wide range of services, including mobile wallets, staking service, decentralized exchange protocol, zero-friction protocol, and privacy protocol, among others.
Conclusion
This partnership is of immense importance considering many stakeholders will benefit from this association. Investors, users, businesses, etc. can transact with the highest level of safety and security while enjoying the simple and hassle-free operating mechanism of TomoChain. It is a great development for the cryptocurrency space and will speed up the adoption rate of digital coins globally.