Expert Chaslau Koniukh
  • Biography
  • Analytics
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Market terminology
  • Stock Market
  • World exchanges
Poloniex stock exchange

Poloniex cryptocurrency exchange launches its own IEO-platform

11.12.2020
2 min read

The Poloniex stock exchange will sell tokens on LaunchBase

The Poloniex cryptocurrency exchange has announced the development of its own IEO platform. LaunchBase platform will be used for selling tokens, where the sale of altcoins is carried out in the order of live turn. However, other platforms do not support this trading model due to its imperfections. In this case, the fundraising procedure takes very little time, and many investors do not have time to participate.
IEO-platform from the exchange Poloniex will have a convenient functionality and wide opportunities for users. In addition to conducting token mailings, representatives of the company provide advice, talk about projects that attract investment.
The first IEO to be placed on LaunchBase is JUST. This system for stablecoin labeling is based on Tron’s blockchain. Investors of the project are offered to finance the issue of the USDJ cryptocurrency, which is tied to the dollar rate in a ratio of 1:1. Token, which belongs to the JUST site, is planned to be used for interest payments and a number of other operations.
So far, representatives of the Poloniex exchange have not provided complete information on the development of the platform, but it is known that LaunchBase will apply the model of tokensale in the order of live turn.
IEO has recently become more and more popular. At the beginning of the year a number of projects attracted huge funds, but not all of them were successful, even with good funding.

Poloniex stock exchange

Interestingly, at the beginning most of the primary stock exchange offers showed good growth dynamics, but after a few months some companies became unprofitable. Let us consider several such projects by example.
Tokens from Matic Network were sold at $0.0026, then their value reached $0.0442. After that, the price was fixed at $0.0120, it rose briefly to $0.0420, but in just a few hours the cost fell by almost 70%. Now the company is trying to restore its position, the price of altcoin has increased by almost 400% than it was under the IEO.
Token Fetch was presented at the Binance Launchpad. The initial price at the IEO was $ 0.097, the maximum performance was fixed at $ 0.415, thanks to which the profit increased by 300%. However, this rise did not last long, and the price of altcoin fell sharply, which led to losses of investors.
The most successful IEO project is BitTorrent from Tron. In just a few months, it showed a 650% rise in value, but after a short period of time, it fell in price.
Last July, a new program BitTorrent Speed was launched, which allows optimizing downloads via BitTorrent, and further earning on file distribution.

Share
0
Previous Post OANDA analysts: dollar loses market position Next Post Why does Vision Fund and SoftBank have losses?

You Might Also Like

Norwegian oil
World exchanges
How Norwegian oil helped the country become an ideal place to live
14.07.2020
Freedom Holding Corp
World exchanges
Freedom Holding Corp listing on the popular NASDAQ exchange
13.08.2020
Belarusian universal commodity exchange
World exchanges
Belarusian universal commodity exchange develops new platform
21.03.2021
Deutsche Börse
World exchanges
How the Frankfurt Exchange Deutsche Börse works
24.06.2020
Saudi Aramco
World exchanges
Saudi Aramco goes on the stock exchange
22.09.2020
Placement of OFZ by the Ministry of Finance
World exchanges
OFZ by the Ministry of Finance will be listed on the St. Petersburg Stock Exchange
09.02.2021

Recent Posts

  • 1minimize risks
    Bank of Russia recommends the Moscow Exchange to minimize the risks of contracts with negative prices
    10.04.2021
  • 2Disney Plus
    Corporation analysts: prospects of Disney Plus streaming service
    09.04.2021
  • 3Tencent Company
    Tencent company pressed Facebook and became the leader of the social networks segment
    08.04.2021
  • 4financial trap
    The Chinese government can expect a financial trap
    07.04.2021
  • 5Ingvar Kamprad
    Ingvar Kamprad: biography of the founder of the famous IKEA store chain
    06.04.2021

Popular Posts

  • Economies of the Baltic States: main factors affecting their development 0
  • How countries with different economies live: overview of Germany 0
  • Oil quotes: forecast from Swiss bank Julius Baer 0
  • Brand valuation of different countries: rating review 0

Social

Editor's Picks

Chaslau Koniukh

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Latest Posts

minimize risks
Bank of Russia recommends the Moscow Exchange to minimize the risks of contracts with negative prices
10.04.2021
Disney Plus
Corporation analysts: prospects of Disney Plus streaming service
09.04.2021
Tencent Company
Tencent company pressed Facebook and became the leader of the social networks segment
08.04.2021

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh is an international financial expert, a professional investor, an experienced analyst and a practicing trader. He advises European entrepreneurs; holds lectures on investment topics; is the author of scientific articles on work at the stock market.

Recent Posts

  • 1Caesars Entertainment
    Caesars Entertainment Company now owned by Eldorado Resorts
    11.04.2021
  • 2minimize risks
    Bank of Russia recommends the Moscow Exchange to minimize the risks of contracts with negative prices
    10.04.2021
  • 3Disney Plus
    Corporation analysts: prospects of Disney Plus streaming service
    09.04.2021
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Youtube
  • Instagram
  • Biography

Expert Chaslau Koniukh: brief biography and path of formation

Let’s Socialize