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TRON, the smart contract blockchain whose founder Justin Sun is enamored with partnerships, has announced yet another deal. This one, sealed with incubator DAO Maker, looks set to add genuine value to the TRON network by giving TRON-native projects an opportunity to fundraise while aligning incentives between all participants.

DAO Maker has earned acclaim for its token launchpad service for emerging crypto projects, known as DAO Pad. It’s become one of the most popular fundraising platforms during late 2020 and early 2021. A number of projects that have raised capital with the aid of DAO Maker have seen their token pull a 50x or greater on the open market.

DAO Maker Does TRON

DAO Maker’s mission is to help projects obtain the capital they require while reducing risks for investors. In practice, this means providing a launchpad for vetted projects that have significant upside. Choosing a reputable platform on which to raise funds and issue their token is one of the toughest decisions a nascent crypto project must make.

With more than $43 million raised on its platform to date, DAO Maker has become one of the preeminent crypto launchpads. This number is all the more impressive when you consider that most raises are capped at under $500,000. The total market cap of projects that have raised on DAO Maker now stands at $6.8 billion, which is a testament to both the merit of the startups themselves and to the value of DAO Pad. The ability to replicate this feat on TRON should prove a boon not only to the existing DAO Maker community, but also to TRON-focused crypto projects.

Calling All Strong Holders

One of DAO Maker’s flagship products is its Strong Holder Offering (SHO), a mechanism for allocating tokens to entities who are best placed to support the project in question. The goal is to reward participants who are invested in the project’s future, and incentivized to see it succeed, while deterring more casual investors who are only in it for a quick flip.

Justin Sun said:

"We are excited to be partnering with an industry leader like DAO Maker to bring cross-chain community incubation and fundraising to TRON. This partnership is part of TRON’s commitment to its community to expand the functionalities of the blockchain through world class strategic partnerships."

The ability to raise funds within a user-friendly and reputable framework will prove a boon for projects issuing tokens using the TRC-20 standard. While Ethereum and Binance Smart Chain have an array of token launchpads, TRON has lagged behind until now. DAO Maker’s entry will make it easier for enterprising projects to secure the funds they require and to build strong communities that are in it for the long haul.

The first Strong Holder Offering on TRON will be announced soon, marking DAO Maker’s official entry into the EVM-compatible ecosystem. With network fees a fraction of those on Ethereum, a broad and diverse group of investors will be able to participate in SHOs and launchpad events, further strengthening TRON’s DeFi credentials.

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