Poloniex Enters Controversial IEO Space With Tron-Only Platform
Poloniex revealed its forthcoming Tron (TRX)-powered initial exchange offering (IEO) platform on April 5.Projects seeking to conduct their offerings on Poloniex’s LaunchBase platform face the stipulation of issuing tokens in exchange for TRX, and will be considered on a “first-come, first-serve” basis.Poloniex announces Tron-powered IEO platformPoloniex asserts that LaunchBase is intended “to help quality blockchain projects grow and further develop their ecosystem,” stating that it will “offer professional advice and guidance” to assist partner projects.In addition to agreeing to raise funds in TRX, partner projects will be subject to “eligibility