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.
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
- Conduct thorough security audits
- Prepare for and execute the token swap
- Integrate with wallets
- Develop toolchains
- Bring more dapps onboard
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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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…