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µTorrent Aims to Become TRON’s (TRX) Super Representative

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One of the biggest BitTorrent clients in the world, µtorrent, has just announced that it wants to bid for becoming TRON’s (TRX) Super Representative.

µTorrent joins TRON’s Super Representative election

Following the launch of its MainNet and token migration to their native blockchain, a cryptocurrency TRON (TRX) has started its Super Representative election. One of the biggest twists in the election was when TRON’s own founder, Justin Sun, decided to run and was elected a Super Representative in less than a day.

Now that the news about BitTorrent being a large factor in TRON’s Project Atlas has come out, another twist came from one of BitTorrent’s largest clients, µtorrent. In a new, surprising move, µtorrent announced that it will bid for a position of TRON’s Super Representative itself.

This election is an important event for TRON since it will decide the future governance of the crypto’s blockchain. Additionally, those elected to become Super Representatives will receive some unique benefits and privileges, not to mention the profits made from the DpoS algorithm.

All of the Super Representatives are elected by TRON token holders so that all potential power abuse and corruption will be effectively eliminated. Justin Sun has stated that the process has a large philosophical component and that it is a rather convenient solution. He added that he has always been a believer in the sovereignty of the people, as well as their rights. He has now transported those beliefs to his token, and each of them has a vital role to play in unlocking true decentralization. This is also where he announced his own candidacy for Super Representative.

Soon after that, on July 25, it was announced that µTorrent wants to do the same. The TRON Foundation stated that this BitTorrent client in particular shares the values and views of BitTorrent itself, which is also a candidate for the Super Representative.

TRX ‘secret project’ revealed

As mentioned previously, BitTorrent was recently purchased by TRON, and for a while, the reason behind the purchase was unknown. Then, only days ago, it was announced that BitTorrent is to be used with TRON in a new ‘secret project’, called project Atlas. BitTorrent’s large network will be used for improving TRON transactions and is expected to eventually give this coin a monetary value.

For now, Justin Sun continues his work on meeting the milestones announced by TRON’s roadmap, while attempting to improve the blockchain’s quality at the same time. One of the aspects of his leadership has also been his high level of interaction with TRON’s community. Thanks to his efforts on Twitter, TRON has developed one of the most supportive and popular communities in the entire crypto world.

As for the Super Representatives election, a significant number of places have already been filled. The elections will continue until all 27 Representatives have been chosen, and TRON will be able to continue to the next phase of its development.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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