Tron join hands with LATOKEN to become an IEO payment tokenJune 15, 2019
The Tron token might not have managed to make its way back in the top 10 cryptocurrency list of CoinMarketCap, but has managed to keep up, in terms of performance and development. The Tron foundation has been informing the community about everything happening in its ecosystem along with its latest partnership with LAToken.
According to the announcement, TRX would be accepted as a payment medium on the LAToken IEO launchpad and will extend to create fundraising opportunities for new projects. The exchange ranks among the top 20 exchanges list and already has tokens like Bitcoin [BTC], Ethereum [ETH], and USDT on its IEO payment currencies list.
Going by the agreement amid two parties, TRX would list three trading pairs, TRX/BTC, TRX/ETH, and TRX/USDT. Along with Tron, Tron’s BitTorrent trading pairs would also be listed namely, BTT/TRX, BTT/BTC, BTT/ETH, and BTT/USDT.
Justin Sun, the Chief Executive officer of Tron and BitTorrent informed the community on his Twitter:
“#TRON trading market is available on @latokens, #TRONICS can trade TRX/BTC, TRX/USDT, TRX/ETH now.”
The first IEO on the exchange to accept a contribution in TRX would be Zeux token sale. Valentin Preobrazhenskiy, CEO of LAToken said that he was glad about the partnership and this was in line with the company’s mission to connect investors with entrepreneurs.
“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.”
At press time, Tron was valued at $0.0324 with a market cap of $2.16 billion. The 24-hour trading volume of the coin was reported to be $720 million as it reported a growth of 1.38% over the past day. In the past seven days, the coin plunged by 1.91% and continued to tumble by 0.08% within an hour.
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