• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

Multi-Chain AMM Based LuaSwap (LUA) Launches on TomoChain

by
January 27, 2021
in Uncategorized
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

LuaSwap, the multichain protocol governed by the community launched on TomoChain today. With its implementation on TomoChain, the swap between TOMO and other TRC-based tokens will be possible. Effectively, users can use LuaSwap directly to swap tokens on TomoChain or Ethereum networks.

The focus of LuaSwap protocol is to support smaller liquidity pools of emerging tokens. Leading swap protocols like UniSwap and SushiSwap inspire the LuaSwap design. However, the tokenomics and operation strategy has been redesigned to perform better than the existing swap protocols.

What will LuaSwap enable on the TomoChain network?

According to Long Vuong, TomoChain founder, and CEO, Ethereum-based AMMs users face lots of challenges. The launch of LuaSwap protocol and TomoChain promises to fix those challenges. However, as Ethereum is a very important platform, cross-chain interoperability is an important part of TomoChain ecosystem. Here is what LuaSwap will enable on TomoChain:

Related articles

Crypto Market Metrics: Gate.io Startup Provides Unprecedented 45,900% ROI

April 14, 2021
EasyFi Introduces Tokenized Stocks and Commodities in Partnership with Mirror Protocol

EasyFi Introduces Tokenized Stocks and Commodities in Partnership with Mirror Protocol

April 14, 2021
Near-zero gas fees

LuaSwap protocol on TomoChain makes it possible for users to buy tokens at near-zero gas fees.

No Network Congestion

TomoChain offers two-second block times and a throughput of 2,000 TPS. Thus, the users will not face any network congestion as they face on Ethereum.

Ethereum interoperability

The protocol is interoperable with Ethereum. This means post-implementation any ERC20 can be brought to TomoChain.

No high gas fees

The protocol users can pick a token pair of their choice and provide it liquidity. Along with that, they can swap between assets, and yield farming without paying high gas fees.

Passive income

LUA, the native LuaSwap token staking is possible via LuaSafe to earn passive income.

Intensive development phase

Since the initial launch of the LuaSwap on Ethereum, the project has come a long way. It launched LuaSwap Staking, Exchange, LuaSafe, and Proposal. Furthermore, it conducted the liquidity migration from Uniswap to LuaSwap exchange. It also wrapped LUA token for use on blockchains like Tomochain and Solana.

Moreover, the team also updated the cross-chain portal TomoBridge. Additionally, it enables the swap between LUA on Ethereum (ERC20) and wrapped LUA on TomoChain or Solana

TomoChain’s DeFi game

TomoChain launched TomoX protocol that enables anyone to create a DEX in a couple of minutes. Furthermore, TomoDEX was the first DEX built using TomoX and was launched in May 2020.

Recently, TomoChain underwent Zorro upgrade. This was one of the major upgrades before the LuaSwap implementation as it will enable the development of one of the most frictionless DeFi systems. Furthermore, the team also upgraded TomoBridge and TomoIssuer to enable issuing a wrapped ERC-20 token within a click.

TOMO price

In the last 30 days, the TOMO token price has surged by over 71%. Moreover, at the time of press, the TOMO token is trading a little over $1.1.

Here is what our TA experts think about TOMO.

The post Multi-Chain AMM Based LuaSwap (LUA) Launches on TomoChain appeared first on Altcoin Buzz.

Share76Tweet47

Related Posts

Crypto Market Metrics: Gate.io Startup Provides Unprecedented 45,900% ROI

by
April 14, 2021
0

Everyone thinks that because Bitcoin is priced at so high per coin, there’s not much opportunity left in the cryptocurrency...

EasyFi Introduces Tokenized Stocks and Commodities in Partnership with Mirror Protocol

EasyFi Introduces Tokenized Stocks and Commodities in Partnership with Mirror Protocol

by
April 14, 2021
0

EasyFi, the popular DeFi lending protocol that recently made news by integrating support for Binance Smart Chain has announced a...

Coinbase tokenized shares seem to be in free fall on FTX

by
April 14, 2021
0

The "Coinbase pre-IPO contract" has seen extreme volatility on FTX derivatives exchange. Investors with tokenized exposure to Coinbase (COIN) shares...

US Senate votes to confirm Gary Gensler as SEC chair

by
April 14, 2021
0

Gensler's confirmation comes almost three months after President Joe Biden first announced he was his pick for the SEC. Voting...

$5,000 Ethereum by the end of May? On-chain data suggests so

by
April 14, 2021
0

The current speculative trend and Ethereum's price premium suggest that the altcoin's price could more than double over the next...

Load More
  • Trending
  • Comments
  • Latest
Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

February 6, 2021
Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

February 3, 2021

Mark Cuban Invests in Mintable

March 6, 2021
Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

February 17, 2021

Crypto Market Metrics: Gate.io Startup Provides Unprecedented 45,900% ROI

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0

Crypto Market Metrics: Gate.io Startup Provides Unprecedented 45,900% ROI

April 14, 2021
EasyFi Introduces Tokenized Stocks and Commodities in Partnership with Mirror Protocol

EasyFi Introduces Tokenized Stocks and Commodities in Partnership with Mirror Protocol

April 14, 2021

Coinbase tokenized shares seem to be in free fall on FTX

April 14, 2021

US Senate votes to confirm Gary Gensler as SEC chair

April 14, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Aave (AAVE)
  • Abra
  • Alt Season
  • altcoin
  • Altcoin Market Cap
  • Altcoin News
  • altcoin prices
  • altcoins
  • Altseason
  • Barstool Sports
  • Basic Attention Token (BAT)
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Ecosystem
  • Binance Smart Chain
  • Binance Smart Chain (BSC)
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • Bitcoin ETF
  • Bitcoin Futures
  • Bitcoin Miners
  • bitcoin network
  • Bitcoin Options
  • Bitcoin price
  • Bitcoin SV (BSV)
  • Bitfinex
  • BitGo
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • Cardano (ADA)
  • Cardano Upgrade
  • Cash app
  • CFTC
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Community
  • Chainlink Oracles
  • Chainlink Price Prediction
  • Changpeng Zhao
  • Charles Hoskinson
  • charlie lee
  • CME Ethereum Futures
  • CME Group
  • coinbase
  • Coinbase (COIN)
  • Coinmarketcap
  • Commodity Futures Trading Commission
  • Consensys
  • Craig Wright
  • Crypto Exchanges
  • cryptocurrency
  • Dash (DASH)
  • Dave Portnoy
  • Decentraland (MANA)
  • DeFi
  • DeFi Pulse
  • Deribit
  • Dogecoin (DOGE)
  • Electric Coin Company
  • Elon Musk
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Fees
  • Ethereum Futures
  • Ethereum Miners
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Filecoin (FIL)
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Grayscale Ethereum Trust (ETHE)
  • Grayscale Investments
  • Guide
  • Guides
  • Huobi
  • Institutional Investors
  • jack dorsey
  • Jay Z
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LINK)
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Maker (MKR)
  • Market
  • Michael Saylor
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • Moneygram
  • Nasdaq
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • OKECoin
  • Other
  • Pantera Capital
  • Polkadot (DOT)
  • Polkadot Price Analysis
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Signal
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Square
  • Stimulus Bill
  • Stimulus Check
  • SushiSwap (SUSHI)
  • Tesla
  • Tether (USDT)
  • tether bitfinex lawsuit
  • Theta Network (THETA)
  • Theta Token
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Uniswap
  • UniSwap (UNI)
  • Wallets and Exchanges
  • WallStreetBets
  • Weiss Ratings
  • WhatsApp
  • World
  • Wrapped Bitcoin (WBTC)
  • XRP
  • XRP Army
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Youtube
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.