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Rome Protocol Launches ROME Token for EVM-Solana Interoperability

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Rome Protocol has introduced its native token, ROME, designed to function as the gas asset for its cross-chain network. Operating as a single program on the Solana mainnet, the protocol connects Ethereum Virtual Machine applications to Solana, allowing Solidity smart contracts and users to interact with Solana programs while settling transactions directly on Solana.

The setup enables users to retain custody of their digital assets on their original chain while accessing Solana decentralized finance features, such as lending markets. The mainnet infrastructure already features stablecoin bridges, price oracle gateways, and a block explorer. Security auditing firm Halborn reviewed the mainnet code, which is publicly reproducible. Under the protocol's economic model, half of all transaction fees collected across supported networks are retained in ROME or used to buy ROME on the open market for a non-selling reserve.

Project developers stated that the deployment is not a public token sale and did not reveal an initial valuation or exchange listing venue. Detailed information regarding total token supply and release schedules will be announced once a trading venue is finalized. Meanwhile, additional testing continues on developer networks, including a Solana zero-knowledge virtual machine on devnet.

Key points

  • Rome Protocol released its native gas token, ROME, for its EVM-Solana interoperability network.
  • The network operates on Solana mainnet and enables Solidity contracts to execute with Solana settlement.
  • Half of all transaction fees are directed into a non-selling reserve held in ROME tokens.
  • Token supply numbers and distribution schedules will be disclosed after trading venues are set.

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Questions and answers

What is the ROME token used for?

ROME serves as the native gas token for transaction fees across Rome Protocol's cross-chain network.

How does Rome Protocol connect EVM applications with Solana?

It runs as a program on Solana mainnet, enabling EVM smart contracts to share state and settle on Solana.

When will ROME token supply details be released?

Token supply and distribution schedules will be announced after a trading venue is finalized.