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Be A Part of TRON Governing Community: A Practical Step by Step Process

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TRON

It will soon be a month to the complete migration of TRON to an entirely new Blockchain platform. Yes, that’s right, The TRON community is waiting with bated breaths for the launch of one of the most competitive and crucial months that will see TRON’s Super Representative Election taking place as of June 26th.

In fact, Justin Sun, the CEO of TRON already sent out an open letter on April 12th with details for the first of its kind Super Representative Election that will take place at the end of TRON’s Mainnet token migration.

What the super representatives will do

Out of a whopping 1 million TRON proponents, 27 super representatives will be elected to become a core part of TRON’s future governance structure. Their role will mainly include representation of the 1million TRON supporters while validating and providing processing power for the TRON network. Basically, they will be tasked with representing the true will of the people on the TRON ecosystem.

The move by TRON is seen as a development that will enable token holders more control over the trajectory of the project given that cryptocurrencies such as Bitcoin and Ethereum are mostly controlled by miners and developers while the cryptocurrency holders are left with little say. Evidently, TRON has grown over the past few months since its founding last year. It aims to be a truly decentralized platform that will self-govern with a free and fair election set to guarantee an overarching legitimacy towards the TRON ecosystem.

In his open letter, Sun reaffirmed his appreciation and belief “in the values of Sovereignty of the people and natural rights of the people”.

He further assured the community that the 34 million TRX tokens will be locked in the TRON foundation separate from the voting process to ensure fairness.

TRON enjoys support from over 1 million fans spread across 100 countries. Apart from Sun confirming his participation he also called to all supported of TRON to be part of the election and stand a chance of becoming a super representative.

The application process

Here is how you can apply be a Super Representative for the TRON network

  • First, log on to tronscan.org and register for an account
  • Once registered an auto-generated password and private key will be created and displayed on the screen. You will need these details for future reference
  • After checking the 3 boxes and creating an account, you will click ok after going through reminders on the next page
  • After that, you will be able to click on the drop-down menu and click on the ‘apply delegate’ option at the top right corner
  • Finally, you will be able to complete the operation by submitting your personal website address and confirming the session by searching for your personal website address on the following page.

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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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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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