Connect with us

Blogs

3 TRON TRC-20 Tokens Worth Looking Into

Published

on

TRC-20 tokens
READ LATER - DOWNLOAD THIS POST AS PDF

Many believe that TRON’s MainNet launch meant the beginning of the end for Ethereum, as TRON now offered pretty much anything that ETH ever did, only better. While TRON never aimed at overthrowing Ethereum directly, it is possible for this to happen at some point along the way.

While TRX itself started off as a token built on ETH blockchain, it managed to leave this ecosystem and create its own blockchain. Now, TRON offers others to create their tokens within the TRON ecosystem, and there are already several TRC-20 tokens worth looking into.

Issuing a TRC-20 token is very easy, and there are multiple guides that can take you through the process, one step at the time. However, right now, we will take a look at three of the coins that were already launched within the TRON network. These are the coins that already show great promise, and a large part of TRON community will definitely keep an eye on them.

Top 3 TRC-20 coins

1) TronWallet (TWX)

TronWallet is a Canada-based project that has started its ICO back in June 2018. At the time, the coin’s value was $0.1 per token. It is a part of the TRONWALLET, which is an open-source and secure P2P cryptocurrency wallet dedicated to TRON tokens. It is available for iOS and Android alike,

TWX price has dropped due to the bearish 2018, and the coin is currently worth only a fraction of its old price, being valued at $0.0042. It has a total supply of 30 billion TWX, with around half of that number currently being in circulation.

2) Intergalactic Gold (IGG)

IGG is a coin issued by an organization called Intergalactic Gaming. This organization has shown great dedication to TRON and its ecosystem, and it even managed to become one of the coin’s Super Representatives, which were chosen by the TRON community. It represents a step forward on TRON’s goal to decentralizing the web and revolutionizing the entertainment industry.

The organization has chosen to launch its own IGG coin on TRON in order to help this goal. Thanks to this project and the new coin, gamers can interact with each other, buy or sell various items, and communicate on a whole new level.

While microtransactions such as this have been expected in the world of gaming for a long time, this part of the gaming industry is still in its infancy, and IGG is among the leading coins in that regard. The coin itself has a very low market cap right now, only slightly over $120,000. In addition, it has a low price of $0.0088. Even so, many expect that the coin will go big at some point after it gains more attention, so it is recommended that those interested in helping TRON ecosystem grow, keep an eye on this digital currency.

3) TronWeeklyJournal (TRWJ)

Finally, there is TRWJ, a coin launched by the news outlet that shares its name — Tron Weekly Journal. This is an outlet that aims to be the number one source of information regarding everything related to TRON, including new events, ICOs, airdrops, and any other type of activity.

The coin can already be found on TRON DEX (alongside IGG and TWX), which is TRON’s own decentralized crypto exchange. The coin was designed to serve as a reward to content creators who contribute to Tron Weekly Journal and TRON ecosystem itself, as well as for carrying out various promotions, ads, and alike.

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

Blogs

How is the Crypto Market Changing?

Published

on

crypto market
READ LATER - DOWNLOAD THIS POST AS PDF

It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

Continue Reading

Blogs

Understanding the Uses of Different Types Of Cryptocurrencies

Published

on

cryptocurrencies
READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

Continue Reading

Blogs

New DoJ Ruling May Cripple Gambling dApps

Published

on

gambling dApps
READ LATER - DOWNLOAD THIS POST AS PDF

A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

Continue Reading

Elite