Categories: DeFi News

DuckDAO Expands Support To TRON Via Strategic Partnership

TRON And DuckDAO are strengthening their strategic partnership to benefit both ecosystems. Through this collaboration, the DuckDAO service will become accessible on the TRON blockchain. Furthermore, All TRON projects can participate in the DuckDAO community and IDO. 

DuckDAO positions itself as a digital assets incubator allowing promising projects to reach their full potential. It is one of the many DeFi initiatives on the market, yet one that immediately acknowledges the potential of spanning across multiple blockchains. Initially founded on Ethereum, DuckDAO has expanded its presence across the Binance Smart Chain and Polkadot ecosystems.

Through the new partnership with TRON, DuckDAO can add another blockchain to its growing ecosystem. TRON is developing as a powerful blockchain for decentralized finance solutions, thanks to better scaling and lower transaction fees. Tapping into this ecosystem will offer new opportunities for DuckDAO, as well as the growing TRON community.

Strategic partnerships like these confirm the need for cross-chain decentralized finance solutions. It is no longer viable to focus on just one ecosystem. Instead, DuckDAO raises the bar by bringing its concept to multiple ecosystems while flying under the same banner. 

Developers building new projects on the TRON blockchain can participate in the DuckDAO community and launch Initial DEX Offerings through this project. Launching an IDO is a new way for crypto projects to sell their tokens to the public. As a fundraising method, it can revolutionize the cryptocurrency industry in ways not seen before. 

“Forging partnerships with excellent blockchain solutions like DuckDAO has been paramount to TRON’s growing success” said Justin Sun, founder of TRON and CEO of BitTorrent. “We are excited to be collaborating with the DuckDAO team to further expand the capabilities of both projects.”

“TRON is establishing itself as a powerhouse in the DeFi market, with one of the biggest and most active communities in the entire crypto space” said Ken, Co-Founder of DuckDAO. “This partnership with TRON is an extension of our efforts to collaborate with the largest blockchain ecosystems.”

As decentralized finance and blockchain projects focus on cross-chain composability, the entire industry is elevated to a new level. Second-generation solutions have tremendous long-term potential. Forging strategic partnerships like the one between DuckDAO and TRON confirm there are many exciting developments on the horizon.

Casper Brown

I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.

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