Coin98 Makes Strategic Investment in TomoChain, Backing Infrastructure Building to Accelerate Web3 Adoption

Coin98 is delighted to announce its strategic investment in TomoChain, a highly scalable and secure blockchain network, to continue expediting infrastructure building. Following this movement, Coin98 is becoming the official wallet of TomoChain, onboarding the next millions of users to web3 through Coin98 and TomoChain.

TomoChain is a highly scalable and secure blockchain network in mainnet since 2018. TomoChain also fully supports EVM-compatible smart contracts, protocols, and atomic cross-chain token transfers. With its well-established expertise and competitive technology, the TomoChain team has contributed to embracing millions of new users in the Web3 space.

Backing TomoChain is the further step of Coin98 in pursuing the mission of industry adoption. We believe in the power of infrastructure scalability, specifically layer-1 blockchain, to lower the existing barriers and foster decentralized application usability.

In addition, Coin98 is actively working towards onboarding new users to the Web3 landscape through TomoChain. Since we are the official wallet of this layer 1 blockchain, Coin98 Community enables to enjoy long-term benefits and opportunities from the TomoChain ecosystem.

“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.

With the common vision of making Web3 accessible to anyone, Coin98 and TomoChain aspire to renovate the ecosystem and facilitate a seamless transition from Web2 to the Web3 sphere in the forthcoming.

About TomoChain

TomoChain is a scalable blockchain powered via Proof-of-Stake Voting (PoSV) consensus, in mainnet since 2018, taking a community-driven approach to accelerate the mass adoption of web3 applications. TomoChain achieves 2000 TPS, 2-second block time, and ~$0 gas fees without compromising decentralization.

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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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