TomoChain Secures Strategic Investment From Coin98 To Drive Our Infrastructure Development
TomoChain is thrilled to announce a significant boost in its infrastructure growth journey through a strategic investment from Coin98. Together we are geared towards realizing their shared vision of driving Web3 mass adoption.
TomoChain’s mission accelerates the onboarding of millions of users by providing technology with a seamless and efficient experience. At its core, it consists of 150 Masternodes utilizing Proof of Stake Voting (POSV) consensus, resulting in nearly zero fees and lightning-fast transaction confirmation times of just 2 seconds. With a solid foundation, we provide a welcoming environment to embrace the participation of the next generation of developers and users on our platform.
The Coin98 strategic funding empowers us with the resources needed to accelerate the growth of its ecosystem. TomoChain will enhance its infrastructure, welcome innovative technologies, and prepare for the influx of dApps that will be developed on its network.
In the upcoming phase, Coin98 will be integrated into TomoChain, serving as our official wallet. Together TomoChain and Coin98 are making an effort into driving the Web3 mass adoption.
“We are aligned with TomoChain’s vision — onboarding millions of users by empowering today’s applications with technology that masks the friction of Blockchain, all while retaining its underlying benefits. Coin98 always strongly supports projects that offer innovative solutions to scale and develop infrastructure to help accelerate Web3 adoption.” — Vinh The Nguyen, CEO & Co-founder of Coin98 Finance said.
“Collaboration with Coin98 will enable TomoChain to continue to expand the team, attract a greater number of builders to the network, and facilitate the onboarding of millions of users. We are looking forward to the new journey ahead,”said Long Vuong — Founder of TomoChain.
About Coin98
Coin98 is a DeFi product builder focusing on creating and developing an ecosystem of DeFi protocols, Web3 applications, and NFTs on multiple blockchains. Our mission is to fulfill untapped demand and enhance in-demand utilities in the DeFi space, helping people to access DeFi services effortlessly.
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About TomoChain Lab
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. TomoChain’s technology and DeFi-focused flagship products include:
Fast & Near-Zero Fees: 2000 TPS, 2-second block time, ~$0 gas fees, and EVM compatibility.
An array of original features and protocols is designed to support speed, privacy, usability, and liquidity needs all in one platform.
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