Justin Sun’s TRON has partnered with BSCPad to develop and release the first IDO launchpad build on its blockchain. Dubbed TRONPAD, it will take place exclusively on BSCPad and aims to mimic the latter’s recent success.
Advertised as the “fastest-growing launchpad in the DeFi space,” BSCPad saw the light of day recently but has already become a leader in terms of transactions and customers. It’s one of the major forces behind the explosive growth of the Binance Smart Chain.
According to a press release shared with CryptoPotato, the project has teamed up with the popular blockchain protocol TRON for its latest development.
The announcement reads that both parties will aim to create TRON’s first native initial DEX offering launchpad. The endeavor will be built on TRON’s network and will “take place exclusively on BSCPad.”
The statement failed to provide a particular date when TRONPAD should arrive but promised that more information will soon follow.
“The BSCPad team is very strong and knowledgeable, they consist of some of the top players in the space. We are looking forward to taking this collaboration to new heights. As the hyper adoption of crypto continues to explode, TRONPAD will serve as a fair IDO platform for projects launching on the TRON blockchain.” – commented TRON’s Founder – Justin Sun.
The PR further outlined that TRON expects to see a similar boom on its launchpad as it happened with BSCPad, which will bring a “whole new audience to invest in TRON projects.”
Both parties plan to employ BSCPad’s “western focused marketing reach and the eastern focused TRON marketing power” to do so.
TRONPAD will be built similarly to BSCPad and will “employ fair mechanics that give traders of all sizes the opportunity to invest in the best upcoming TRON blockchain projects.”
An official with BSCPad noted that the new endeavor will provide users with a “predictable and provably fair system,” enabling them to receive “proper incentives to accumulate and hold tokens.”