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Aelf (ELF) is Implementing a Reward System: Noted Rise of 42%

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Aelf

Aelf (ELF), seems to be stepping up its game as this currency is one of the rare tokens that are currently being traded in the green while experiencing frequent rises despite the negative waves of drops. However, you shouldn’t be fooled into thinking that Aelf only had a portion of luck, as it is quite the opposite. Apparently, according to the latest activity from the team behind ELF, this currency is working on implementing a system that will help the team showcase the features they have set up for Aelf. ELF is also known as the most scalable digital asset in the market, so paired up with the new system of promoting ELF, this currency is looking to be sky-rocketed.

Is Aelf the New Candy Coin?

Aelf is notably working on implementing a new system that will reward holders and users for a various set of activities, all arranged in favor of having ELF sky-rocketed towards increasing its trading volume.

Apparently, Aelf is working on finding new ways for promoting their currency so they are including their users in numerous candy system programs that are specially designed to engage and reward the engaged audience. Aelf is offering various tasks to their users, later on rewarding them once these tasks are completed successfully.

Their main focus is set on recruiting their users for the initial task of promoting Aelf and attracting new users to the platform as well as rewarding ELF users for attracting investors.

This so-called candy program is designed in order to help this currency acquire the much-needed stability, and as a positive consequence of the candy reward system, the price of ELF should rise as well.

We are already able to see some improvements in the market cap of this currency as Aelf has easily become one of the fastest growing currencies in the last 24 hours, driven by the massive bounce off the majority of currencies are having at the moment.

Aelf has shown some astonishing results while gaining almost 50% on increases in the course of only 24 hours, which is a major success for this currency. It might be the case that the candy system that the ELF team has set up, is actually working in favor of this currency, helping it grow at radically prompt rates.

Maybe the initiative that can be taken as “responsible” for this amazing rise is Aelf’s plan of including their users into a referral program where they are supposed to draw in more investors and users to their platform. For each person they would bring as a referral, the participants are getting their share of ELF in accordance with the number of people they bring.

Given the fact that people usually bring their friends, this case scenario possibly sky-rocketed ELF, making it trade at a seriously fast rate, consequently growing with the trading volume, which is a perfectly natural reaction as a coin will rise with the rising demand.

Aelf and Promotion on Twitter

It has already become a trend to have all the latest news about the digital currencies being first tweeted. This is not an odd thing given the fact that Twitter is one of the biggest social networks in the world.

Aelf wanted to make sure their strategy for increasing the trading volume of their currency was fully complete and developed, so they have come up with another rewarding system.

Apparently, the participants are also being rewarded in form of ELF tokens for sharing, liking, and re-tweeting of Aelf’s official posts on Twitter.

We can’t forget that Aelf is already a pretty well-established coin with high scalability and flawless reputation among the blockchain enthusiasts and analysts. That means that the candy reward program is not designed to make ELF more established, but is rather made to increase its visibility so it could become more accessible to potential investors, which should also increase the trading volume as the second wave of the rewarding program.

ELF also has a notable reputation for being one of the first coins ever to have solved the issues revolving around scalability when it comes to operating with smart contracts.

To avoid having scalability issues, ELF has designed self-evolving chains that are easy to be modified for the needs and requirements of making decentralized applications, and these chains are in any way affecting the functioning of the main chain.

While working on increasing its market presence and visibility, Aelf is also planning on testing a new cold wallet which should provide users with the ability to keep their coins safe without the need of keeping them on exchanges.

How is Aelf doing at the Current Moment?

After the latest change in the market, ELF is trading in the green with the latest rise of over 40% against the dollar, which at the same time marks this currency as one of the fastest growing currencies for the day.

In addition to trading in the green against the dollar, Aelf is also being traded up against BTC and ETH by 37% and 39%.

With the most recent change, ELF can be bought at the price of 0.83$ which is getting pretty close to a one dollar price everyone is expecting to see from ELF’s performance.

It is expected that with the current pace of growth, Aelf will be able to reach its record price of 2.57$ pretty soon.

We will be updating our subscribers as soon as we know more. For the latest on ELF, sign up below!

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 The Cookiemonster via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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…

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