The global banking and financial systems are showing cracks in their facade and cryptocurrencies may soon be the more viable options. 2019 may be the year of the cryptocurrency. While the most well known of cryptocurrencies, Bitcoin, saw a decline in value in the last half of 2018, other cryptocurrencies are making an appearance on the market. Bitcoin is the most spoken about, together with Ethereum, but there are three innovative and emerging cryptocurrency trends that investors should look out for include:
- 0x (ZRX)
Eric Alexandre founded the Jetcoin Institute in 2014. Doing what he knows best, dealing with stars and talent, Eric Alexandre found a way to give fans of athletes and stars a way to participate in their success. Individuals are able to choose talent from Alexandre’s pool of ‘Jetcoin talent.’ As the athletes find success, so do the investors.
Some of the Jetcoin talents include the Manchester United’s star athlete, Luiz Roza Fernandinho, the Real Madrid athlete Marcelo Vierira and Burmese rising fashion star and celebrity, May Myat Noe.
Jetcoin found a smart and innovative way for fans to benefit from their belief and loyalty in a star. Fans buy a crypto token called a JET, investing in their image rights. As the star reaches success, so the value of the token rises. It’s an innovative way of rewarding fans, and an innovative way of aspiring talents to gain recognition too.
Jetcoin is a fresh and innovative cryptocurrency, growing in size and stature. They partnered with the Lagardère Sports Group in 2018 to market the agency’s brands and signed a deal with Prime Sports Rights, to represent Fernandinho and Vierira.
Factom is a blockchain technology that writes data that can never be changed. It is a concept that was started in 2014, almost built on top of Bitcoin. When something is recorded on Factom, it is there for eternity, it is safe and it does not need verification.
What Factom does is offer a record of data, original records of copy, that is trust able and always verified. It does this for complex industries with great volumes of data. The aim is to become the top provider of blockchain data source solutions.
The currency of Factom is a Factoid and this is the cryptocurrency that is traded by investors. It is an interesting application of cryptocurrency and is increasing in growth at a good rate. Analysts predict a growing trend.
This is the third of our innovate cryptocurrencies. With time it may turn out to be one of the strongest coins in the Cryptocurrency world. At the moment, 0x only support ERC20. There is talk that it may be absorbed into other chains and it is for this reason that people are keeping their eye on 0x.
0x was designed as an open protocol that could offer a decentralized exchange as part of the Ethereum blockchain. It was created to be different from both centralized and decentralized exchanges, offering an excellent combination of features.
Coinbase allows you to buy and sell 0x (ZRX) and the value of this cryptocurrency may soon be realized, making it to the list of our cryptocurrencies to watch.
For the latest cryptocurrency news, join our Telegram!
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.
Image courtesy of Pexels
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…
My Crypto Heroes Announces Issuance of MCH Governance Token
Tokyo, Japan, 24th November, 2020, // ChainWire //
My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH.
My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.
What is MCH Coin?
MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.
Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.
The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:
During December 2020 the first governance…