Tron (TRX)’s Liquidity Is Expected To Surge Following The Company’s Latest Partnership
Tron’s Justin Sun has been making a lot of efforts to boost the project, and it seems that they just bagged another significant deal.
The Tron Foundation has just marked another important partnership in order to use TRX as a currency for paying at IEOs.
Tron teams up with Latoken
A few days ago, Latoken posted in their official blog that they teamed up with Tron and from now on, the IEOs on the Launchpad will be conducted with TRX used as a payment token.
UToday also notes that according to the recent Inwara reports, Latoken is the biggest fundraising platform for crypto projects. This is the main reason for which this deal could boost the liquidity of TRX a lot.
The Latoken launchpad has already been working with BTC, ETH, and USDT, as well as with the native coin LA.
BitTorrent (BTT) will benefit from this
It also seems that this partnership will bring advantages for BitTorrent’s coin with four major currencies – TRX itself, USDT, BTC, and ETH.
Tron’s Justin Sun has managed to make the contract beneficial for his both companies.
Latoken’s CEO Valentin Preobrazhenskiy said the following about this new partnership:
“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 the first IEO with TRX a week ago, and there was a token sale for Zeux. Over 2,500 ETH has been collected by now.
— LATOKEN (@latokens) June 14, 2019
Justin Sun gets boosted on Google
Recently, Justin Sun gained massive media exposure. You may recall that Sun won an eBay charity auction to have lunch with renowned investor Berkshire Hathaway CEO Warren Buffett.
Cointelegraph reported that Sun bid a record-breaking $4,567,888 to win the charity auction. Binance’s CEO, CZ believed that this would be great for the mainstream adoption of crypto.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.