Crypto exchange Poloniex launches token issuance platform in partnership with TRON
Poloniex Launches LaunchBase Token Issuance Platform
TRON will become a partner of the project, and TRX will become a cryptocurrency platform
LaunchBase will promote and advise interesting projects
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Its own platform for launching tokens appeared at the American platform for trading cryptocurrency assets Poloniex. The project, dubbed LaunchBase, was launched in partnership with TRON. Recall that the founder of TRON, Justin Sun, is one of the largest investors in the cryptocurrency exchange..
The exchange, founded in 2014, offers clients the ability to trade a wide range of coins and tokens, and also supports the development of the blockchain industry. Over the past six years, Poloniex has actively worked with dozens of blockchain projects, helping them grow and develop their community..
Thus, the launch of the platform for issuing tokens, LaunchBase, is a logical continuation of the company’s mission, which hopes in this way to create a favorable environment for promising startups and help them develop their ecosystem, according to the official press release on the launch of LaunchBase.
Issue of tokens and more
Projects that meet the requirements of the exchange will have access to various services of the LaunchBase platform, as well as the opportunity to promote their developments, form a community and attract funding, including through a closed sale of tokens for members of the Poloniex platform.
According to representatives of the exchange, this approach will help accelerate the process of distribution of cryptocurrency assets at the global level..
All LaunchBase members will have to go through strict selection procedures. At the same time, access to the platform will be closed for citizens of those jurisdictions where local legislation prohibits the sale of tokens.
Poloniex argues that LaunchBase is more than just a platform for issuing tokens. In addition to services for the purchase and sale of tokens, Poloniex plans to advise projects and help them promote their applications.
Without TRON, nowhere
The debut project on LaunchBase will be the platform for cryptocurrency loans JUST based on the TRON blockchain and its token. As the use of cryptocurrencies grows, new types of tokens are emerging.
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They can represent value or something intangible like voices. Two … More JST. JUST is a decentralized lending platform where users can use TRX to create USDJ, a stablecoin pegged to the US dollar at a 1: 1 ratio.
JST token is used for interest payments, platform maintenance and other activities on the blockchain.
LaunchBase works on a first-come, first-served basis, while you can buy tokens here only for TRX cryptocurrency, since TRON is a partner of the project.
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