Tron (TRX) Partners With LA Token Exchange to Conduct Various IEOs and Provide Liquidity
- A number of experts are of the opinion that this latest partnership will help benefit Sun’s other side project — BitTorrent (BTT) — in a big way.
- Over the past 6 months or so, Justin Sun has pursued an aggressive marketing/PR campaign that has made him a staple within the financial mainstream.
According to a blogpost released a couple of days back, a representative for LA Token has stated that his company has entered into an official agreement with Tron as a result of which, the two firms will be facilitating IEO (Initial Exchange Offering) launches using LATokens’ native launchpad platform.
Additionally, it is also worth pointing out that all of the internal monetary exchanges in regards to this latest development will be facilitated using TRX.
Latoken is currently one of the world’s largest fundraising platforms for crypto projects. In this regard, it is being said that owing to this new deal, TRXs overall liquidity will increase quite substantially.
— LATOKEN (@latokens) June 14, 2019
A number of esteemed crypto pundits are of the opinion that this latest business decision will have a major impact on BitTorrent’s future — since the agreement clearly states that Latoken will pair BitTorrent’s native alt-coin offering with four major currencies.
The first IEO conducted by the two companies took place around a week back. The sale event was carried out for ‘Zeux’ and more than 2.5K ether was successfully raised for the project.
Since the start of the year, Justin Sun — a 28 year old Chinese entrepreneur who is also the founder of TRON — has been in the news on an almost daily basis. For example, as part of his company’s ongoing PR campaign, Sun recently won a bid (estimated to be worth $4.5 mln) to have lunch with world-renowned investment guru Warren Buffett.