Tron Partners with BSCPad to Provide Launchpad for Crypto Projects

Tron Partners with BSCPad to Provide Launchpad for Crypto Projects

Tron (TRX) recently announced a partnership with BSCPad to build the first native IDO launchpad on the Tron blockchain.

TRONPAD, the union of both companies, will give traders equal exposure to new and lucrative project launchings within the Tron ecosystem. At the same time, these new projects will secure funding from the token sales and gather momentum towards a successful launch on the network.

BSCPad, which has proven its efficiency with projects like this (an example is launching the IDO project), noted that it would lend its full support and expertise to the Tron network. BSCPad, launched in March 2021, focused its efforts on prepping new projects for launch on the Binance Smart Chain. The BSC has recorded more than 21 million unique wallets opening around the same time BSCPad came online.

Justin Sun, the founder of Tron and CEO of BitTorrent, commented on the 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 added that:

“As the hyper adoption of crypto continues to explode, TRONPAD will serve as a fair IDO platform for projects launching on the TRON blockchain.”

Key Tron Levels to Watch — May 28

As the cryptocurrency market continues on a choppy momentum, TRX has fallen into a sideways momentum around the $0.0800 level.

TRXUSD – Hourly Chart

However, the twenty-fourth-largest cryptocurrency has slipped below the consolidation range over the past few hours as bears ramp up their efforts. That said, bulls need to hold ground above the $0.0700 support and facilitate a climb above the 200 SMA over the coming hours, to thwart this effort by bears.

Meanwhile, our resistance levels are $0.09000, $0.1000, and $0.1100, and our support levels are $0.0700, $0.0600, and $0.0566.

Total Market Capitalization: $1.54 trillion

Tron Market Capitalization: $5.1 billion

Tron Dominance: 0.33%

Market Rank: #24

 

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.