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3 days to go for Tron (TRX) Virtual Machine launch: What you need to know



Tron TRX

The launch of Tron Virtual Machine (TVM) is a big project that all Tron users have been waiting for. As the launch gets closer, Tron aims to make its network scalable and efficient.

Tron is a decentralized network that aims to create a decentralized world. It has also attracted lots of big companies all over the world today and achieved much success. Additionally, Tron has been consistent and has launched many projects in due time.

We already know that Tron’s TestNet was launched on the 31st of March this year. The blockchain firm also launched its MainNet two months later. The two projects have propelled Tron to greatness and led to its mass adoption so far. Not only have these led to a serious mass adoption, they positively affected its market value during recent times.

Tron has created its own Virtual Machine, but it is still in its testing phase. The main version will be officially launched on August 30th, 2018. Meanwhile, as the date draws nearer, Tron has also decided to upgrade its MainNet for better reliability. Justin SUN, in an open letter, explained all that’s there to know on the company’s recent actions.

Tron Virtual Machine (TVM)

Tron Virtual Machine (TVM) is a custom-built blockchain network that will make Tron very scalable and proficient. The test version was launched on June 25, and the digital asset had a high number of transaction on July 30 – more than a million. At that period, the number of daily transaction grew to 49,518 daily, according to an announcement made by Justin SUN.

Sun also stated during the announcement that TVM will be congruent with Ethereum VM for Ethereum Dapps developers. He further confirmed that after the launch of TVM, Tron will attain a high transaction speed – 4x greater than that of Ethereum.  As said earlier, TVM will be a big feat for Tron users due to the fact that Tron will be more scalable and efficient.

Additionally, the concept of bandwidth will also be used on TVM; there will be no charges on daily transactions performed by Tron users.

Lucien Chen, the CTO of Tron Foundation, made it known regarding the launching of TVM that it will have 3 developmental tools: Development, Engine, and Third-party. Once the main version of TVM is launched in a few days’ time, these developmental tools will be useful to create Dapps (decentralized apps).

According to Justin SUN, there will be a live coverage of the TVM launch on August 30th and there will also be a lottery draw for all Tron users a the very same day.

It is important to know that after the launch of TVM, Tron users are anticipating to see new projects centered on Tron’s network. Also, if there are more activities on Tron’s network, it is likely that the value of TRX will increase. Indeed, lots of Tron users are also hopeful that the launch of TVM and other upcoming projects will increase the value of TRX.

With the launch of TVM and the upgrade of Tron MainNet, we hope to see a positive change in the value of TRX in the coming weeks.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



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

Xeno Holdings Limited ( ), 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 ( ), 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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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…

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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 ( 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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