Decentr and TomoChain are pleased to announce a strategic and technical partnership that will integrate the TomoChain blockchain directly into the Decentr ecosystem.
This will allow both Decentr and TomoChain to communicate frictionlessly, allowing the various assets, resources, use cases and functionalities of the respective ecosystems to be available on the other.
Decentr’s Personal Data Value (PDV) will provide TomoChain users the benefits of PDV earned on the Decentr ecosystem across all TomoChain assets, including Dapps. This means Dapp developers on TomoChain can use Decentr’s PDV as a metric for both DeFi Lending and Social Reputation, increasing trust within their applications with a simple click of a button.
In a similar respect, TomoChain functionality will be available directly within the Decentr browser. This means that Dapps built on TomoChain and TomoWallet users accessing their assets via the Decentr browser will earn PDV as a result of doing so, expanding both the utility and reach of Decentr’s PDV and offering a further value add and more frictionless user experience for TomoChain ecosystem participants.
You can learn more about Decentr’s PDV here -
- How Decentr “Assigns” Value to User Data
- Decentr Integrates Chainlink to Provide User-Centric Social Reputation Scores to DeFi
- How PDV Works for Individuals in Conjunction with Groups, Organisations, etc
- How Decentr’s DeFi dLoan Function Benefits DEC Holders
We are also happy to announce that Decentr’s dEx will use TomoDEX and the TomoX protocol as one of the aggregation layers that power the Decentr dEX. By using TomoDEX and TomoX, Decentr will gain access to their underlying decentralized order book and matching engine, real-time settlement engine, low trading fees and liquidity pool. By partnering with TomoChain, Decentr’s “data-as-value” will be available on the TomoChain blockchain and across the TomoX protocol as well as on Ethereum.
Decentr’s dEx is a decentralised data exchange and combines a users PDV with the ability to buy and sell data created and collated via the Decentr browser. Users on the dEx will be able to exchange data for fiat,or fiat for data, using the DEC token as an intermediary of exchange.
TomoChain is a scalable blockchain powered via Proof-of-Stake voting consensus and used commercially by companies globally.
TomoChain’s mission is to accelerate the onboarding of millions of users by empowering today’s applications with technology that masks the friction of Blockchain, all while retaining its underlying benefits. TomoChain’s technology and DeFi-focused flagship products include:
- Fast & Near-Zero Fees: 2000 TPS, 2-second block time, ~$0 gas fees, and EVM compatibility..
- An array of original features and protocols is designed to support speed, privacy, usability, and liquidity needs all in one platform.
Decentr is an open decentralised platform that captures the value of secure user data and returns this value as payable, data-backed “currency” to the user. The DEC token is the building block of the entire Decentr Deconomy.
Decentr’s “data-as-value” paradigm means users see a correlated decrease in the cost of products and services bought online, via Decentr and their “dPay” system, while at the same providing superior APR’s on consumer crypto loans made via users dWallet and Decentr’s consumer crypto dLoan features.
This (necessary) extension of DeFi 1.0, delivers user-centric financial services to anyone, when they want it and how they want it, regardless of their net worth.