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Gate.io Crypto Exchange Integrates TomoChain Mainnet

09:51 21/12/2018

The Gate.io crypto exchange announced the completion of the full integration of the TomoChain main network, within the framework of which the swap of the ERC-20 standard tokens to mainnet tokens was conducted for all users, according to the official website.

 

The launch of the mainnet began on December 14, 2018. All TOMO tokens were frozen on users’ accounts on December 18, after which the transition from the Ethereum network to the main TomoChain blockchain system began. The tokens exchange was made at a rate of 1:1. After that, they were declared obsolete but were used for some time until the swap was completed.

The developers reported that users could use their private key in the Nano Ledger S wallet to access their accounts after the transition to the main network. From December 14 to December 18, only five fixed full nodes functioned in TomoChain. It was reported that the voting and masternode initiation process will begin shortly after the completion of the network migration.

 

According to the project creators, the launch of the mainnet is a significant event that would be unattainable without the support of the community. They stressed that the whole team will have to work really hard to achieve even greater goals.

TomoChain is a Japanese fintech project aimed at solving blockchain scalability issues. According to the developers, the network architecture contains 150 masternodes featuring the Proof of Stake Voting (POSV) consensus. It is noted that transactions are conducted here instantly and practically without commissions.

 

As previously reported, the OKEx trading platform introduced new financial crypto instruments called perpetual swaps.

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