<p>Crypto exchange Poloniex has rolled out a new token issuance platform called “LaunchBase."</p> <p><a href="https://medium.com/@Poloniex/poloniex-is-releasing-a-token-launching-platform-launchbase-fb381cb6d3af">Announced</a> on Sunday, the platform's first supported project is Tron’s decentralized stablecoin system called “JUST.”</p> <p>JUST was <a href="https://www.theblockcrypto.com/linked/60246/tron-launches-its-own-makerdao-like-stablecoin-system">initially named</a> "Djed” when it was announced last week. It is the Tron Foundation’s MakerDAO-like stablecoin system.</p> <p>"LaunchBase has selected as its first project a TRON-based stablecoin lending platform called JUST, and its associated token JST," said Poloniex, adding: "JUST is a decentralized lending platform where users can stake TRX via JUST’s CDP [Collateralized Debt Position] portal to generate USDJ, a stablecoin pegged to USD at a 1:1 ratio."<br /> <br /> Poloniex further said that TRX will be the only eligible token for purchases via LaunchBase.</p> <p>Tron founder Justin Sun <a href="https://twitter.com/justinsuntron/status/1246786640787337217">said</a> JUST aims to build a "fair" decentralized finance (DeFi) system that provides stablecoin lending and governance mechanisms for all users, and that he will "fully support" the LaunchBase platform and its future development.</p> <p>Notably, Sun is <a href="https://www.theblockcrypto.com/daily/43811/circle-insiders-say-justin-sun-is-leading-the-investment-consortium-taking-over-poloniex">one of the investors</a> that acquired Poloniex from Circle late last year.<br /> <br /> Poloniex <a href="https://www.theblockcrypto.com/linked/39292/crypto-exchange-coinbase-could-soon-launch-an-ieo-platform">joins</a> a number of crypto exchanges with its token issuance platform, including Binance, OKEx and Huobi, among others. Last year, Coinbase <a href="https://www.theblockcrypto.com/linked/39292/crypto-exchange-coinbase-could-soon-launch-an-ieo-platform">was also</a> evaluating the launch of such a platform.</p>