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

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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

Here’s Why This Coin Still Has Wings (WINGS)

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WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

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6 Blockchain Predictions For 2019

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As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.

While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.

1. Search for new and better business use cases

Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.

Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.

2. Fixing blockchain industry’s image

For a lot of people, blockchain…

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TRON DEX Goes Crazy, TRX Founder Asks For More Projects

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Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.

So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.

TRON DEX sees massive growth in activity

Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.

While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.

In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…

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