On 30th of August, the Tron(TRX) Mainnet stepped into a new chapter, an era of Decentralized Applications, of the Tron Project with the integration of fully functional Tron Virtual Machine. The Tron Network enables the creation of tokens similar to that on Ethereum network. After launching the mainnet and providing a platform to create tokens for DApps built on Tron Network, there is a need for a DEX for TRX Tokens too. Here comes TRON Watch Market, which aims to be the first Decentralized Exchange of TRON Network.
Some members of TRON Community has recognized the need for a decentralized exchange for the TRON tokens that will become part of the TRON ecosystem. Dubbed as TronWatchMarket, the decentralized exchange project’s main aim is to:
To become an intuitive and fully-featured Decentralized Exchange (DEX). That will allow you to trade between TRON, TRX10, and TRX20 Tokens in a secure, decentralized manner. TronWatch Market will help to increase the liquidity of the TRON Token Network. As the DEX supports all tokens on the network, every token will benefit from this.
Justin Sun, founder of TRON also supported and gave his best wishes to the team for the TronWatchMarket project:-
Proud of #TRON‘s community and what they are building! @TronWatch and @sesameseed_SR just launched their decentralized exchange: TronWatch Market; we wish them all the best, stay tuned for more updates “https://t.co/A6gvJTiDJ4”>https://t.co/A6gvJTiDJ4
— Justin Sun (@justinsuntron) September 20, 2018
At the moment of publishing this article, the countdown for the Tron Watch Market ICO was alive and kicking on its website. Only 8 hours were left for the TRON Watch Market ICO to start. The crowdfunding participation price is 1 TWM for 0.5 TRX.
Furthermore, the TronWatchMarket (TWM) token will enable major tasks at the decentralized exchange such as:-
TronWatchMarket has also collaborated with Sesameseed to allow TWM token sale to the SEEDGerminator platform, allowing the SEED Holders to buy the TWM tokens through the platform. The project’s whitepaper published explains why the team choosed TRON Network:-
Tron is a relatively young platform, having launched their mainnet in June 2018. With its goal to ‘decentralize the web’ and its focus on creating a DApp-friendly infrastructure, Tron is sure to attract developers and ICOs. There is potential for many tokens to be available on the Tron Network in the near future, and TronWatch wants to help them be successful.
TRON Watch Market aims to be the first decentralized exchange of the TRON Network. Every blockchain network needs a DEX to provide liquidity to the tokens created on that particular blockchain platform. With this purpose, TRONWatchMarket will be the first DEX to provide liquidity to tokens built on TRON Blockchain.
More details about the project can be found on the “https://tronwatch.market” target=”_blank” rel=”nofollow noopener noreferrer”>official website.
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