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Tron (TRX) Now Fuels IEOs on Latoken Exchange, TRX Liquidity Expected to Rise

  • Yuri Molchan
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    Tron Foundation and Latoken token sales platform strike a partnership to use TRX as a currency for paying at IEOs

Tron (TRX) Now Fuels IEOs on Latoken Exchange, TRX Liquidity Expected to Rise
Cover image via u.today
Contents

On Friday, Latoken wrote in their blog that it has partnered with Tron and now initial exchange offerings on this launchpad will be conducted with TRX used as a payment token.

As per the recent Inwara report, Latoken is the biggest fundraising platform for crypto projects. Therefore, this deal could increase the liquidity of TRX significantly.

The Latoken launchpad has already been working with BTC, ETH and USDT, as well as with the native coin LA.

Tron’s cooperation benefits BitTorrent (BTT)

According to the terms of the agreement, Latoken will pair BitTorrent’s coin with four major currencies – TRX itself, USDT, BTC and ETH. Thus, Justin Sun, has made the contract beneficial for his both companies.

Latoken’s CEO Valentin Preobrazhenskiy has commented on the new partnership, saying:

We are glad to partner with TRON and start supporting TRX as payment currency. That is perfectly in line with our mission to connect investors with entrepreneurs. We will make simpler to contribute and fundraise for TRON users.”

The platform conducted its first IEO with TRX about a week ago, doing a token sale for Zeux. More than 2,500 of Ether has been raised so far.

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Justin Sun keeps aggressive promotion of Tron

The founder, the 28-year-old Chinese entrepreneur Justin Sun has been actively promoting Tron since the mainnet launch a year ago and then added BitTorrent to this PR campaign.

The most famous part of this campaign was is about to be conducted – the much-hyped charity lunch with the global investment guru Warren Buffett which cost Sun over $4,5 mln.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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