- Poloniex is now announcing the establishment of an exclusive token launching platform, LaunchBase to enhance quality-based blockchain ventures to nurture and grow its community.
- LaunchBase picked up its first venture a TRON-based stablecoin lending platform known as JUST whose token is JST.
- Poloniex aims for first come first serve and that is why the only available currency for purchases will be TRX on the platform.
Launched in 2014, Poloniex is one of the oldest global crypto exchanges that aim for maximum security and advance trading features. The exchange is committed towards the growth of the blockchain ecosystem and the past 6 years, it has collaborated with significant blockchain projects.
LaunchBase to enhance quality-based blockchain ventures
With its prominent commitment, the exchange is now announcing the establishment of an exclusive token launching platform, LaunchBase to enhance quality-based blockchain ventures to nurture and grow its community.
The aforementioned platform will associate with the community members, projects, and inclusive industry partners to endorse the implementation of cryptocurrencies globally. This includes the sale of qualified participants on the exchange platform.
The participants have to clear the eligibility and screening requirements. Though, due to domestic law anticipation, fellows of few jurisdictions will not be able to take part in it.
However, LaunchBase targets to be more than a token issuance platform. With regards to offering a platform for the users to trade tokens, Poloniex is also going to provide professional advice and guidance to support these ventures for gaining traction and adoption.
LaunchBase picked up its first venture JUST
LaunchBase picked up its first venture a TRON-based stablecoin lending platform known as JUST whose token is JST. It is a decentralized lending avenue where the traders can stake TRX through JUST’s CDP portal to create USDJ.
‼️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
The exclusive platform, JST can be utilized for the payment of interest, platform maintenance and also, other activities on the blockchain. The coins will be preferred after the wide research by the Poloniex experts. Further, the coins will be listed in the primary exchange. There are certain projects that are already in a queue.
Though, it was noted that Bitcoin payments are peculiarly not in the frame of the platform where a variety of new tokens are listed.
Recently, the founder of TRON Justin Sun praised the Poloniex Exchange team on the introduction of Poloniex Launchbase.