TRON and BSCPad have announced a partnership that will build the first native IDO launchpad on the TRON blockchain. TRONPAD will expose traders to new and quality projects launching within the TRON ecosystem, and it will do so in a fair way so all investors can take part. At the same time, these token sales will help new projects secure funding and build momentum towards their successful launch on TRON.
Bringing In The BSCPad Pros To Start Off Right
BSCPad’s team will lend its experience and expertise to the TRON network after proving itself through its recent successes launching IDOs. BSCPad, itself launched only in March 2021, has focused its energies on preparing new projects for launch on Binance Smart Chain, the blockchain that hit 21,000,000 unique wallets around the same time BSCPad came online.
Justin Sun, TRON Founder and CEO of BitTorrent, shared a glowing appraisal of this new partnership saying, “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.”
Sun further commented on the direction of the crypto market and the utility this partnership brings to TRON. “As the hyperadoption of crypto continues to explode, TRONPAD will serve as a fair IDO platform for projects launching on the TRON blockchain.”
TRONPAD Aims To Bring Equality To Investors
BSCPad has worked hard to create a system that benefits projects as well as every token holder who participates in its IDOs. Avoiding preferential treatment for whales, BSCPad runs on an ethos of inclusivity and openness, forgoing the use of bots and abstaining from manipulating releases to benefit any one party. This model for releasing tokens into the wild has proven an effective way to fundraise for new projects while benefiting the community as a whole.
TRONPAD will operate with the same values that have led to BSCPad stacking its share of plaudits. BSCPad co-founder Godzilla stated, “We believe that providing users with a predictable and provably fair system gives users the proper incentives to accumulate and hold tokens and support each and every project launched,” and that, “We are very happy to be collaborating with the TRON team to build the first ever native IDO platform on one of the largest blockchain networks.”
Making Token Generation Events Great Again
Over the last half decade, a lot has changed in the way tokens from new projects pass into the hands of investors. TRON has gone on to become a successful blockchain that has brought value to its initial investors since it raised $70M in a September 2017 ICO. Many projects did not turn out so well for those who provided seed capital around this same time.
Coindesk named 2016 “the year blockchain ICOs disrupted venture capital” in a January 2017 retrospective that marveled over $100M raised through token sales from new platforms. Then 2017 said “Hold my beer” and a flurry of slapdash whitepapers and websites raked in between $5-8 billion in token sales (the numbers differ depending on the source reporting). 2018 repeated the feat with similar hauls.
2019 didn’t hold up so well, and just $370M found its way to new projects that year. By 2019, the lights turned on and many people found they had been slow dancing the night away with worthless tokens from scams or projects that frittered away their funding. Many investors were rekt by these ICOs, and the term still has unsavory connotations to this day.
Launchpads that facilitate IDOs have become a much more trustworthy model for releasing tokens. The reputation of the launchpad vouches for the quality of the new project they are helping to promote, and this cuts out a lot of the riff-raff that made its way into coin sales during the heyday of ICOs. By combining BSCPad’s experience with the quality projects slated for launch on TRON, TRONPAD is sure to provide investors with tokens from top of the line projects in a fair and sustainable way for the TRON community.