He exchange of Poloniex has announced the launch of its platform for issuing new tokenscall LaunchBase.
In the adThe exchange reveals that it has worked with dozens of blockchain projects in the past 6 years to facilitate the growth and development of their community.
The next step is to create a platform for the launch of new tokens to help quality blockchain-based projects grow and further develop the ecosystem.
It is no coincidence that this movement was taken after the association of the exchange with TRON does some time so much so that TRX will be the only usable token for the purchase of new tokens that will launch.
Also, the first to launch in the new LaunchBase will be the token JST of the draft JUST, who is working on a stable currency based on TRON blockchain.
JUST has been structured according to the MakerDAO model, that is, a decentralized lending platform where users can open CDP by putting TRX as collateral to generate USDJ tokens.
The USDJ will be the real stable currency, the value of which will be linked to the US dollar in a similar way to DAI.
In addition, the technical document for this stable coin has recently been modified, including the name. The project was previously known as Djed, and it was Justin Sun himself who revealed that this was just the testnet and that the new project name is Just.
The new technical document does not even include any trace of the Djed Foundation, which was previously the entity that issued the token.
LaunchBase will work directly with projects, community members and various partners to promote the adoption of quality cryptocurrencies worldwide, through the sale of new tokens.
The goal, however, is not only to be a simple platform to issue new tokens, but also to provide community members with a new way to buy and sell tokens, offering advice and guidance to help blockchain companies call the attention and adopt.
Poloniex is just the latest in a series of exchanges that have launched their own token issuance platform through IEO.
The first was Binance, with his Launchpad released over a year ago.
A few months later it arrived Tokinex from Bitfinex, e even Eidoo, for example, it allows the launch of IEO, although without a specific platform dedicated exclusively to this type of operations.
After the sharp decline in market interest towards ICOs, and since STOs have not yet really taken off, IEOs are currently the most common way to launch new tokens in the cryptocurrency market.