Poloniex Exchange Launches IEO LaunchBase Platform

Poloniex Cryptocurrency Exchange Announces Launch of Its Own Platform for Initial Public Offering (IEO) called LaunchBase.

The first project on LaunchBase will beTron-developed decentralized lending platform Just. Users will be able to use TRX for staking on the Just portal, as well as to ensure the release of stablecoin USDJ pegged to the US dollar.

Recently, Tron founder Justin SunSun) stated that Just's developers aimed to create a "fair" decentralized finance system that would provide mechanisms for all users to lend and manage their loans.

He also noted that he would “fully support” everythingLaunchBase's future endeavors. In addition, on the platform Just will be released its own JST tool token, used for site maintenance, interest payments and other actions.

“LaunchBase will work closely withpartners, projects and community members to create and promote quality cryptocurrencies, including through the sale of tokens on the Poloniex platform. At the same time, all participants must undergo a strict selection process,” the exchange noted in a statement.

Recall that last year Poloniex announced plans to separate from parent company Circle.

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