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Alibaba (NYSE:BABA) to partner up with Tron (TRX) soon?

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Alibaba

It’s not a ‘done’ deal but only a weeny possibility so far, one that would definitely change the game for TRON (TRX). No official announcements have been made yet, but one can sense it by paying attention to both company’s activities, and contacts points at both being part of each other’s big picture. Justin Sun’s (the man behind TRON) link with Alibaba keeps getting stronger as each day passes, which suggests a deal is on the horizon.

The most relevant piece of info about this comes from none other than Jack Ma. Mr. Ma is not only Alibaba’s co-founder and CEO, but he’s also always avid to go into new businesses, and he prefers to do that by supporting projects started by his former students and collaborators. This is not speculative; there are plenty of precedents.

Hints pointing towards Tron/Alibaba partnership

Just think about Weixing Chen, who founded Kuadi which is an app-based service similar to Uber that’s taken off in Asia over the last few years. Alibaba (or Mr. Ma) supported this initiative very intensely, and now it’s already doing better than Uber (or at least just as good). Alibaba’s involvement in this was no coincidence. Mr. Chen is a TRON team member and is a close friend of Mr. Jack Ma’s, as are the main people behind TRON. And that could make all the difference. The personal link is there.

Let’s just do a little math here. Mr. Sun is one of the best apprentices Mr. Ma ever had. He graduated from Hupan University (Mr. Ma happens to be the university’s principal). This is a highly competitive university, and TRON’s Justin Sun graduated as the first millennial student ever. That could only bring him closer to Mr. Ma. TRON is one of the fastest growing blockchain projects in the world. Chen has the talent, the commitment, and the connections so it would be no shock at all if he announces a partnership with Alibaba before Q2 ends.

Please don’t get me wrong. There is no official information so far and the last thing the cryptocurrency industry needs are ambiguous reports. Nothing has happened yet, all we have are clues and precedents.

Mr. Justin Sun has been cogent and forceful about TRON’s future prospects. He is optimistic, persuasive, and competent. The cryptocurrency community pays attention to the way he speaks and performs, and they’ve not been disappointed so far.

Buy this does not compare with what partnering with a global company like Alibaba would do for TRON, which is still a fledgling cryptocurrency firm, even if Mr. Ma is willing to invest in them and protect them. TRON will be not alone in this. Ofo, Bikeshare are riding along, and Kuadi could be next.

One more thing. The man called Marcus (Zhao Hong) used to be Alibaba’s data mining chief. He’s good; he’s close to Mr. Ma. And he now has joined the TRON team as well.

And then there is Lucien Chen, who previously worked for both Tencent and Alibaba and now holds a technical lead position at TRONSo just keep an eye open in this situation. You might just be surprised as a global company puts its money on a cryptocurrency firm.

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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.

Image courtesy of Felipe Spina via Flickr

Altcoins

DeFi Wizard Raises $750k from Blockchain Investment Bigshots, to Simplify Multi-chain DeFi Legos

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Bengaluru,, India, 24th February, 2021, // ChainWire //

In order to give shape to their ‘one-click DeFi contracts creation’ dream, Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork.

Speaking on latest development Defi wizard founder and CEO, Anand Kamath said: 

“It gives us immense pleasure to announce that our platform, DeFi Wizard has attracted the attention of leading blockchain investors and funds.”

DeFi Wizard aims to help cryptocurrency companies and businesses seamlessly create digital assets, without any hassles, with the objective of becoming an all-in-one token creation platform. 

Investment Usage

This recently concluded fundraising round is an important milestone for Defi Wizard. It will fuel the development of the platform along with operations/maintenance.

Other ways in which Defi wizard will receive assistance is with liquidity bootstrapping for Uniswap listing, alongwith added global and regional promotional efforts to generate awareness for the platform. 

About Defi Wizard

Defi wizard is a dashboard for building DeFi (decentralized finance) smart contracts with a few clicks. It offers real-time programmer analytics and allows users to create smart contracts for ERC20 / BEP20 / EDST, staking, yield farming, governance, cross-chain bridge, gasless relayer baked in.

As per the latest statistics, more than five projects are already using DeFi Wizard’s staking services and more than $100M AUM has been locked through the smart contracts generated through the…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

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Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

Published

on

Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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