TronWatch Market & Token Sale Announced - Tron (TRX) News. Friday, September 21
Tron announces TronWatch Market & Token Sale
The project is a collaboration between TronWatch and Sesameseed.
As if this week was not good enough for the Tron Foundation and its community, now they can rejoice with the latest announcement for this blockchain project. Open source wallet TronWatch has been working with Sesameseed – the guys behind the also recently launched SEEDGerminator – to roll out an open-sourced, decentralized exchange (DEX) that will further improve the Tron Network.
Named “TronWatch Market”, this project will be developed in order to provide users a decentralized and secure space for trading from any TRON token to TRX. “Together with our partners from @sesameseed_SR, we are excited to introduce you to our next project; TronWatch Market. A Decentralized Exchange for the TRON Network!” reads the tweet by TronWatch.
According to the announcement, all transactions will be handled by smart contracts to ensure no middleman or intermediary is needed. And as stated above, the whole project will be open-sourced, allowing anyone to contribute with its improvements, as well as to enable security firms to audit smart contracts.
This DEX has the potential to be yet another milestone for the Tron community, in part because it intends to gather all traders of TRON Tokens in one single place, thus facilitating a marketplace for anyone wishing to trade.
Token Sale for its development
As part of the news, TronWatch announced a Token Sale to fund the project and ensure it will be finished and rolled out. Users will be able to buy the “TronWatchMarket” (TWM) token through two methods.
The first one is by using TRON’s Basic Token system to purchase these TWM with TRX for a fixed price of 0.5 TRX, or $0.01 per token; while the second way is powered by Sesameseed’s SEEDGerminator. This mean users can also purchase TWM with SEED tokens, but with a plus: a bonus of 25% in tokens if choosing this method.
This token sale will have a hard-cap of 250,000,000 TRX ($5,000,000) and a soft-cap of 13,500,000 TRX ($270,000), and in the event of not reaching the soft-cap, users will be refunded (excluding fees).
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