Poloniex will introduce the LaunchBase IEO platform

Poloniex will introduce the LaunchBase IEO platform

The company will introduce the LaunchBase platform. New alt coins will be sold in a live queue. Other platforms abandoned this model due to the fact that fundraising campaigns ended in seconds, and many investors did not have time to participate.

Cryptocurrency exchange Poloniex has announced the launch of its own IEO platform called LaunchBase. In addition to organizing tokensales, the company promised to provide professional advice to projects that will attract funding.

The first IEO on the new platform will be JUST - a system for landing stablecoins based on the Tron blockchain. Project users are invited to participate in the release of the USDJ altcoin, pegged to the US dollar rate in the ratio of 1 to 1. The JST platform’s own token will be used to pay interest and other functions. Poloniex did not specify the date and details of the token sale.

It is known that distribution on LaunchBase will take place in a live queue. Other exchanges abandoned this model after criticizing users. Fundraising campaigns ended in seconds, and most investors did not have time to participate in IEO.

Earlier in the United States sued 11 crypto companies, such as Binance, Tron, BitMEX, KuCoin and others. They were accused of selling unregistered securities in the form of tokens. The case file states that each company sold coins directly through the exchange through IEO, or in the form of ICO.

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