The ICO to raise funds for the new Tron (TRX) Decentralized Exchange kicked off on the 24th of September and aimed at creating the first intuitive and fully-integrated decentralized exchange. The exchange, known as Tron Watch Market, would allow users to trade between TRX, TRX10 and TRX20 tokens in a secure, decentralized manner.
The ICO phase of the project ended successfully on the 23rd of October. For each TRX contributed, participants of the crowdfunding got 2 TWM (Tron Watch Market) tokens. The amount of TRX coins raised to fund the project came to a total of 26,037,327. Using the current rate of TRX at $0.021, the amount of funds raised comes to around $547,000.