Poloniex Partners with Fantom Foundation

Global digital asset exchange, Poloniex announced today that it has formed a strategic collaboration with Fantom Foundation to assist the development of its ecosystem.

Founded in 2014, Poloniex offers trading services in different digital currencies. The company received funding from some of the world’s leading investors. The digital exchange aims to allocate more resources to fast-growing blockchain and crypto firms.

“We are very honored to team up with Fantom and wish to help more developers realize their potential,” said Shaun Scovil, the 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.”

Poloniex has witnessed decent growth in trading volumes in the past few years. With the growing adoption of digital assets around the world, the company is planning to partner with promising projects. Since its launch, Fantom has gained popularity among the blockchain community. According to the details shared by the company on its website, almost 150 projects have been deployed on the chain.

Fantom

Michael Kong, the CEO of Fantom, said that the blockchain provides low-cost and efficient solutions. “I am excited to see Poloniex become a key player in our ecosystem, and I believe their support will inspire more innovative projects. 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,” Kong said.

Furthermore, Poloniex mentioned that the company is launching Fantom Eco Carnival, a month-long series of campaigns that will reward users. “Since its launch, Fantom has gained widespread, mainstream attention in the industry and attracted a lot of developers and projects due to its unparalleled speed, security, reliability and compatibility,” Poloniex mentioned in the announcement.