Terra and TomoChain announce strategic partnership
We are excited to announce a partnership with TomoChain, one of the leading public blockchain projects. Together, we will research ways to implement Terra’s Cross Chain Stability Mechanism, allowing TomoChain’s decentralized app (dapp) developers to easily incorporate Terra as a form of payment.
We are also engaging in joint R&D to create user-friendly blockchain technology with a stability solution to easily onboard new developers and accelerate adoption.
Daniel Shin, Terra Co-Founder added:
“We are building a universal payment system on the blockchain, and we believe that the ability of blockchain networks to interact and integrate with each other is key to achieving mainstream adoption. As one of the leading blockchain projects, TomoChain is also focused on solving scalability and usability issues, and we immediately struck a chord. We look forward to working together to implement our cross chain mechanism and develop more diverse use cases for Terra.”
Long Vuong, TomoChain Founder said:
“We are excited to partner with Terra. The alliance between TomoChain — an innovative solution to the scalability problem of blockchains — and Terra — an innovative solution to the price volatility of cryptocurrencies — can open the gateway to an explosion in practical large-scale blockchain applications. Stablecoin is an important part of TomoChain ecosystem. With reliable stablecoins incorporated in TomoChain, we have the power to unleash a much greater number of use cases than what we see today on the blockchain.”
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