Onomy Protocol (NOM) is a token that is used as collateral for stablecoin mining, management and remuneration. It also provides network security through staking. The token belongs to the Cosmos chain of the first level for a multi-chain and intuitive DEX. The project combines traditional with decentralized finance, simplifying the migration of foreign currency to the chain with the help of crypto-backed decentralized stablecoins, which will be used for trading, profitability and payments.

Onomy Protocol news today, NOM crypto latest news of coin ticker

Onomy Protocol

#Interoperability is essential to #DeFi, but traditional #blockchains aren't known for being great communicators. Through #Tendermint and the #IBC, @cosmos enables simple connectivity between networks, bootstrapping the cross-chain future. Here's how: medium.com/onomy-protocol…

Telegram

Interoperability is essential to DeFi, but traditional blockchains aren't known for being great communicators. 

Through Tendermint and the IBC, Cosmos enables simple connectivity between networks, bootstrapping the cross-chain future.

Read our latest article to understand how Cosmos works and why we chose to plug the Onomy Network into the Cosmos ecosystem: 

https://twitter.com/OnomyProtocol/status/1447494244755775489