Founded in 2014, Poloniex is one of the most established cryptocurrency exchanges worldwide, and is committed to the growth of the blockchain industry. Over the past 6 years, Poloniex has collaborated with dozens of quality blockchain projects to facilitate the growth and development of their community. To further its mission, Poloniex is now announcing the creation of a new token launching platform - LaunchBase - to help quality blockchain projects grow and further develop their ecosystem.
The LaunchBase platform will collaborate closely with projects, community members and industry-wide partners to seed and promote the adoption of quality cryptocurrencies worldwide, including via the sale of tokens to eligible participants on the Poloniex platform. All participants will be subject to eligibility and screening requirements. Unfortunately, due to local law requirements, members of certain jurisdictions may not be able to participate.
LaunchBase aims to be more than just a token issuance platform. In addition to providing an avenue for community members to buy and sell tokens, Poloniex will also offer professional advice and guidance to help these blockchain businesses gain traction and adoption.
LaunchBase has selected as its first project a TRON-based stablecoin lending platform called JUST, and its associated token JST. JUST is a decentralized lending platform where users can stake TRX via JUST’s CDP portal to generate USDJ, a stablecoin pegged to USD at a 1:1 ratio. JST can be used for paying interest, platform maintenance as well as other activities on the blockchain.
Please note that LaunchBase has adopted a first-come, first-serve rule, and TRX, the token of its launch partner TRON, will be the only eligible currency for purchases. We will disclose the rest of the details in the next few days. Please stay tuned!
