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4 Zilliqa (ZIL) Updates To Keep You HODLing

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Zilliqa
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With talks all over the crypto-verse about pending Bitcoin (BTC) ETF decisions at the SEC as well as how such an investment product would change the world of crypto, attention is drawn away from other promising crypto and blockchain projects such as Zilliqa (ZIL). Most of the headlines from the beginning of August have been about how Institutional investors will get into crypto through several investment instruments as well as new companies such as Bakkt.

Such attention away from the best blockchain projects that will change the future, end up hurting the values of their coins and tokens in the markets. ZIL is currently valued at $0.037 and up only 2.47% in the last 24 hours. This is a far cry from its peak value around mid-May when it was valued at $0.20. But this is okay. The time is now to buy some more ZIL or keep HODLing as shall be outlined through the most recent updates.

  • Mainnet Launch

Although the Mainnet had been scheduled for release in the third quarter of 2018, the team at Zilliqa have pushed the launch to December this year or in January next year. The reason for doing so, according to the team, is to have additional time to work on the following

  1. Conduct thorough security audits
  2. Prepare for and execute the token swap
  3. Integrate with wallets
  4. Develop toolchains
  5. Bring more dapps onboard
  • Strategic Partnership

On August 2nd, the team at Zilliqa announced a partnership with Infoteria, a leading enterprise software company in Japan that is also listed on the Tokyo stock exchange. The partnership will enable enterprise systems to easily utilize Zilliqa’s next-generation high-throughput blockchain platform to power enterprise usage and adoption of Decentralized Applications (DApps). More DApps on ZIL means more use case for the digital asset.

Both firms aim at promoting Zilliqa on ASTERIA – Infoteria’s middleware product that currently has more than 6,500 enterprise customers and 41% market share in Japan. All those customers stand to be potential Zilliqa blockchain users.

  • Zilliqa Grant Program

The Zilliqa project has a unique grant program to encourage the development and adoption of applications on the platform. The Grant has a pool of $5 Million USD that will be given to great projects, teams, and individuals to start building tools and applications for the Zilliqa platform. This means as soon as the Mainnet is launched, there will be a bunch of DApps up and running to prove that Zilliqa is a unique solution.

  • Scilla Programming Langauge

The Scilla programming language was developed to solve all the scalability issues as well as the security vulnerabilities on the Ethereum platform. Backed by research and a team of academics, engineers, and entrepreneurs, we are sure that the final solution to be found in the Zilliqa Mainnet, will be like no other seen in the blockchain industry.

Summing it all up, all the above developments prove that the team at Zilliqa are constantly working to deliver a superior product that triumphs over others such as Ethereum and Tron. The fact that the testnet can handle 2,828 transactions per second using just 6 shards proves that the future is the limit for ZIL. Once all these developments come together by January next year, the DApps will be fully functional on the ZIL platform giving the digital asset a use case as well as driving up its demand in the market. The latter will result with a Moon landing for ZIL given the other fact that we could be heading into a Bull Run as we approach the holidays.

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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

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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Altcoins

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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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