ADVERTISEMENT
NewsLogical
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • Finance
  • XRP News
  • Price Analysis
  • Coin Guide
  • About Us
    • Contact Us
    • Team
    • Privacy Policy
    • Editorial Policy
    • Write for Us
No Result
View All Result
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • Finance
  • XRP News
  • Price Analysis
  • Coin Guide
  • About Us
    • Contact Us
    • Team
    • Privacy Policy
    • Editorial Policy
    • Write for Us
No Result
View All Result
NewsLogical
No Result
View All Result
Home Altcoins

5 Days after Launch, TRON’s JustSwap Platform Clinches $20 Million Trade Volume

JustSwap Does Not Endorse Any Project, Whitelist Only an Algorithm Rank

by Khalid Lawal
August 23, 2020
in Altcoins, Blockchain, General News
0
No April Fool Scam: TRON Finally Hits 5 Million Users Milestone
0
SHARES
204
VIEWS
Share on FacebookShare on Twitter

TRON’s decentralized token exchange, JustSwap, went live on August 18 as part of the TRON Foundation’s plan to extend its tentacles and power in the DeFi sector. 5 days after the official launch of the project, the platform reached $20 million trade volume milestone, a report has said.

The project seems to have caught the attention of many in the crypto space. At a live stream event used to commemorate the launch of the project, CEO Justin Sun appealed to 763,000 viewers on Yizhibo, a Chinese periscope variant. Justin Sun said JustSwap is an “accessible to all” platform that serves as a competitor or substitute to Ethereum exchange UniSwap.

Justin Sun continues to make progress in the crypto ecosystem, and the latest achievement serves as a remarkable one in its attempts to extend the potency of TRON blockchain technology in the DeFi sector.

JustSwap Does Not Endorse Any Project, Whitelist Only an Algorithm Rank

In a fresh update today, August 23, Justin Sun said whitelisting projects on JustSwap does not in any form means an endorsement from JustSwap. The millennial CEO who is Chinese descent said the shortlisting was done based on a mere algorithm ranking.

He averred that the whitelisted projects are only rated based on algorithm. Projects will only be whitelisted if its liquidity and trading volume meets the standard of the JustSwap’s algorithm, however, this has nothing to do with the project’s quality or profitability.

He further clarified that JustSwap does not in any way, and will not certify any project. This is probably a warning to investors to make their findings appropriately before doling their fund into any project, and JustSwap will not be responsible for any loss.

This is not the first time Justin Sun will be making similar clarification.

Earlier, Justin Sun issued a stern warning to investors against putting their fund in OKS DeFi project in the name that the project is connected with TRON or the CEO.

Sun clarified that he or TRON has no affiliation with the project. He elucidated then that the project is yet to go through official auditing, hence extremely risky.

Tags: TRONTron (TRX)TRON JustSwapTron News
No Result
View All Result

Highlights

Elon Musk Loaded Up In Dogecoin before Pumping Bitcoin – Peter Schiff

Crypto Investor Explains Why Cardano will Soon Topple Ethereum

Cardano’s IOHK Rebrands, Enters Final Stages of a Large Government Contract

Analyst Explains why Bitcoin Price Could Crash to $6,400

Online Search for “Dogecoin” Surpasses “Bitcoin” in United States

PayPal Q4 Earnings Report Shows Users More Active after Buying Cryptocurrencies


NewsLogical Inc. is a U.S.-centric firm established in 2019 with the aim of providing resourceful and up-to-date cryptocurrency and blockchain information.

Email: info@newslogical.com

Read More.

Dislciamer


Contents on NewsLogical.com are only for informational purposes and should not be construed as financial or investment advice.

Trading cryptocurrency is considered a high-risk activity that requires technical knowhow because digital currencies are generally volatile.

Contact financial experts for guidance before making any cryptocurrency investment decision.

Read More.

About us

  • About
  • Contact Us
  • Disclaimer
  • Editorial Policy
  • Privacy Policy
  • Team
  • Write for Us
No Result
View All Result
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • XRP News
  • Price Analysis
  • Coin Guide
  • About
    • Team
    • Editorial Policy
    • Privacy Policy
    • Write for Us