Justin Sun, the founder of TRON and CEO of BitTorrent, has congratulated the Poloniex Exchange team on the launch of Poloniex Launchbase. He also declared his plans about forming a strategic partnership of the Poloniex Launchbase and Tron Foundation.
Along with the Tron Foundation, Justin Sun is ecstatic to provide complete support to the launch base platform for further development. Currently, $TRX will be the only currency that will be eligible for the purchase on the platform.
(2/6) $TRX will be the only eligible currency for purchases. Over the past 6 years, @Poloniex has helped hundreds of quality blockchain grow and develop their community.
— Justin Sun (@justinsuntron) April 5, 2020
Till now Poloniex has collaborated with multiple quality blockchain projects to facilitate the growth and development of its community. To encourage further growth, Poloniex established a new token launching platform – LaunchBase. This platform aims to help blockchain projects grow and further develop their ecosystem.
!?Big news!?
We're proud to announce the release of #Poloniex #Launchbase??
The 1st project is newly launched #JUST, @Tronfoundation based decentralized #stablecoin lending platform! ??
Excited?
…yeah we are ??
See the article for details ?? https://t.co/qNtbMNyvKh
— Poloniex Exchange (@Poloniex) April 5, 2020
In a series of tweets, Justin Sun, acknowledged the launch of the Poloniex Launchbase.
(1/6)Huge congrats on launching @Poloniex #LaunchBase, a world-leading token sale platform! As Poloniex’s strategic partner, @Tronfoundation and I will fully support the LaunchBase platform and its future development. https://t.co/amRgWKjNiH
— Justin Sun (@justinsuntron) April 5, 2020
The first project by Launchbase is a TRON-based lending platform $JST. JUST is a decentralized lending platform where the users can stake $TRX through its CDP portal to generate $USDJ, a stablecoin pegged with USD at 1:1. $JST can be used in paying interest and platform governance.
(4/6)#LaunchBase’s 1st project is a TRON-based lending platform #JUST $JST. JUST is a decentralized lending platform where you can stake $TRX via its CDP portal to generate $USDJ, a stablecoin pegged with USD at 1:1. $JST can be used for paying interest and platform governance.
— Justin Sun (@justinsuntron) April 5, 2020
What is the Launchbase Platform?
The Launchbase Platform aims to make collaborations precisely with projects, members of the community and industry-wide partners to encourage the adoption of cryptocurrencies worldwide. LaunchBase aims to be more than just a token issuance platform. Along with the services of offering sale and purchase of tokens, Poloniex will also provide professional advice and guidance to help the blockchain businesses gain adoption.
LaunchBase has selected a TRON-based stablecoin lending platform called JUST as its first project. The associated Token with the platform is JST. JUST is a decentralized lending platform where one can stake TRX via JUST’s CDP portal that will enable the users to generate USDJ, which is a stablecoin pegged to USD at a 1:1 ratio.
LaunchBase follows the first-come, first-serve rule. TRX is the only token that is currently eligible for the purchase.
