Altcoin News: Binance and Fantom Will Be Engaged in the Development of a Multi-Active Crosschain Ecosystem

May 22, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The Fantom Foundation on this Wednesday announced the start of cooperation with the Binance Chain, under which a “multi-activity and cross-host ecosystem” will be created with support for multiple tokens, including in the ERC-20 (Ethereum), Fantom and BEP-2 standards.

The stated goal of creating such a system is to increase the compatibility of ecosystems of various blockchains and to unite players of crypto-space into a single digital economy.

The Fantom Foundation notes that more and more projects are moving to Binance Chain. According to the company, this factor has led to the choice of its own blockchain division of the Binance exchange as a partner for the implementation of the described plan.

The FTM rate against the background of this announcement rose by 20%.

Chart credit: TradingView

The company promises to devote the rest of May and June to work on improving the compatibility of its own ecosystem in collaboration with Binance Chain.

Author: Marko Vidrih