Binance has announced the listing for the second month of the BEP2 Community Listing Program as TomoChain (TOMO), a proof-of-stake blockchain platform that operates a 150 masternode architecture.
TomoChain Listed on Binance
In June, leading crypto exchange Binance announced the creation of the BEP2 Community Listing program, which aims to support the development of “high quality blockchain projects” in the industry. The program plans to list at least one new project over the course of three months.
TomoChain represents the second month’s coin listing, selected from a competitive pool of eleven other projects that met the criteria for the exchange. Binance reports in the official update that TOMO was selected based upon the criteria outlined for the program, which includes authenticity of trading volume on their decentralized platform Binance DEX.
The projects that were not selected during the most recent round of competition are eleibgible to apply for next month’s listing. Binance also reiterated that zero BNB was collected for the TOMO listing fee, which is supposed to be a community driven competition.
TOMO seeks to improve upon ethereum's network by implementing certain features such as double validation and staking smart contracts. The price of TOMO jumped 13 percent following the announcement.