Both sides are professionals in the world of cryptocurrencies
TRON is one of the largest blockchain protocols in the world and currently has more than 3 million transactions executed daily. They enjoy huge interest, especially in Asian countries. The cryptocurrency TRON (TRX) is its flagship and its total market cap is more than $ 5 billion. The most prominent personality of this company is certainly its founder Justin Sun, who is also the CEO of BitTorrent - the most popular torrent client in the world.
In the case of BSCPad , we are talking about the largest launchpad, which was created only this year in March. In this relatively short period, they have already boasted several successful IDOs. The activity of BSCPad certainly contributed significantly to the enormous growth of their home Binance Smart Chain (BSC), which recorded the emergence of up to 21 million new electronic wallets over the same period.
IDOs represent an interesting opportunity for investors and projects in the early stages
The IDO concept has seen increased interest from investors, especially during the last bull run, and is a decentralized form of the initial offering. According to an official press release, the Tron Foundation and BSCPad will soon launch their IDO platform TRONPad. The aim is to bring an important element of decentralization to the initial offerings on the TRON chain, which will provide investors with equal and fair opportunities to obtain cryptocurrencies of interesting projects.
According to the published information, TRONPad should share the ideology of BSCPad, which means that they will strive to ensure that every cryptocurrency enthusiast can participate in the IDO, and not just a certain upper percentage of large investors. This intention was also emphasized by Justin Sun himself and he also highlighted the BSCPad team.“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 ... As the hyperadoption of crypto continues to explode, TRONPad will serve as a fair IDO platform for projects launching on the TRON blockchain.”
Co-Founder BSCPad added that they are very happy to be able to work together to create the very first native platform on one of the largest blockchain networks. They believe that they will provide users with a fair platform for obtaining tokens of new projects. TRONPad also wants to avoid any manipulation, robots and favouring a certain group of investors. Blockchain space currently often operates on various private offerings, VCs and companies that invest in projects before the retail and thus gain a significant advantage.