Wadz X and Tomochain create a new collaboration focused on blockchain adoption
By Inkarias - 2019-12-16
TomoChain project uses an innovative consensus method called PoSV (Proof of Stake Voting) which gives an incentive to all TomoChain token-holders to play an active part in staking across a network of 150 high-quality masternodes. Wadz, at the opposite, is a blockchain-based inclusive application that is set to redefine the payment processing industry and incentivize data ownership for both consumers and businesses with an innovative Proof-of-Contribution (PoC) governance protocol.
This new collaboration between the two entities is set to kick-start the Tomochain initial strategic phase in Southeast Asia as well as to enable online and point of sale (POS) payment solutions. As an integral part of the migration to TomoChain, the Wadz token will be issued using the TomoZ: Zero Friction protocol. TomoZ allows gas fees to be paid by the token itself so Wadz users will not need to hold native TOMO or even know that they are using blockchain, enabling expansion to a broader user-base, bringing digital payments for everyone and increasing general adoption.
Kyn Chaturvedi, TomoChain CBDO shared his view on the new opportunities opened with this new partnership:
We are proud to be working with the experienced leadership team at Wadz to drive greater awareness and adoption of blockchain as an underlying solution for payments. Wadz’s focus towards digital payments through scalable blockchain infrastructure and across SEA aligns well with TomoChain’s DeFi and regional expansion plans. This partnership, additionally, exemplifies our desire to enable success in projects building on the TomoChain public blockchain through priority technical support, relevant business connections, and market access. As such, we will be working closely with Wadz to help them execute on their 2020 growth strategy across SEA and beyond.