Binance Chain and Fantom collaborate to create a multi asset cross chain ecosystem.

Fantom Foundation
May 22, 2019 · 2 min read
Binance Chain and Fantom

Dear Fantomians and Binance Community members, we are incredibly excited to share that Binance Chain and Fantom will be working together to improve interoperability within the blockchain ecosystem, for the betterment of the industry, and to connect loosely tied industry players into a cohesive digital economy. Through the creation of a multi asset and cross chain ecosystem, we’ll be supporting a multitude of tokens including the ERC-20 standard, our native Fantom token standard, and the BEP-2 token standard coined on Binance Chain.

Our reason for choosing Binance Chain as our interoperability partner over any other blockchain is simple, we’re seeing an increasing trend of great projects moving towards Binance Chain, and we want to contribute to the Binance Chain ecosystem so that all these great projects may garner added value from our contributions. Binance and Binance Chain are in a rare position of having the strongest centralized exchange and liquidity on one end, and a very cohesive decentralized ecosystem on the other end, and we believe that there is no better partner for Fantom in its push for greater interoperability within the industry.

Aside from that, we sincerely believe that Binance DEX is one of the most user friendly decentralized exchanges, and we want to offer our community a good chance to transact and trade FTM while being in custody of their own tokens.

‘’Store coins yourself. You fight hackers yourself, and guard from losing wallet yourself. Computer breaks, USBs gets lost.

Store on an exchange. Only use the most reputable, proven secure, exchanges.

Or move to DEX, disrupt ourselves.’’ ~Changpeng Zhao, CEO of Binance

In March and April, our main focus was on improving transparency, credited to Binance Info for granting us a V-label project in their push towards a new industry-wide standard for transparency. In May and June, we will be focused on the interoperability aspect of our ecosystem, starting with our DCRM partnership with Fusion, and our partnership with Binance Chain.

To wrap it up, we believe that the weeks and months ahead will be exciting with more information about our activities in Dubai, some new concepts to push for a more tightly-knotted community, and our usual technical updates. Let’s #BUIDL!

Fantom Foundation

The core of the new internet

Fantom Foundation

Written by || @FantomFDN

Fantom Foundation

The core of the new internet

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