Poloniex-Fantom Foundation form alliance for boosting ecosystem progression


Poloniex, a global cryptocurrency exchange, announced recently entering into a strategic collaboration with the Fantom Foundation in order to support the development of its ecosystem.

According to Poloniex, it will pour more resources into quality projects that are built on Fantom, which includes providing listing and promotion support, hosting exclusive campaigns, and sharing technical knowledge.

“We are very honored to team up with Fantom, and wish to help more developers realize their potential,” said Shaun Scovil, General Manager of Poloniex. “Poloniex is committed to contributing to the industry’s development. We hope to grow together with promising projects, as well as spur innovations and applications of blockchain technology.”

Since its launch, Fantom claims to have gained a huge broader, mainstream attention in the industry and attracted a lot of developers and projects due to its unparalleled speed, security, reliability, and compatibility. According to its website, nearly 150 projects have been deployed on the chain, making Fantom one of the most active platforms and one of the top five biggest ecosystems in terms of total value locked.

“I am excited to see Poloniex become a key player in our ecosystem, and I believe their support will inspire more innovative projects,” said Michael Kong, CEO of Fantom. “We also welcome more projects to join, and I believe they will find Fantom is a fast, low cost, and secure smart platform that Ethereum developers can easily deploy on.”