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Can Siacoin (SC) Rise UpAfter OKEx Listing?




In the current situation of cryptocurrency markets, almost all investors are desperately looking for promising altcoins to invest in. There are thousands of altcoins available to choose from and that is why it becomes tough to keep track of all such altcoins and choose some of them which has untapped potential, unique yet significant purpose behind it and performs well while keeping its price stable-ish. Such an altcoin is Siacoin (SC) which has all of the above-mentioned features. It is actually a distributed cloud storage platform that’s decentralized and liberates unused storage space. In this article, we shall find out more about Siacoin and its features and what it has been up to for the past few days.

All aboutSiacoin

The idea of Siacoin has been first conceived 5 years ago during HackMIT event that was hosted at the Massachusetts Institute of Technology. Siacoin was developed in order to allow anyone to rent out their storage space and get rewarded in return for their contribution. All network services are paid in Siacoin while all transactions are secured by filling contracts and storage proofs. The Siacoin team is working hard to build completely decentralized Datacentres which will collectively create the fastest, cheapest and secure cloud storage platform that this world has ever seen. Although Siacoin has direct competitors who offer the same idea (MaidSafe and Storj), no other decentralized cloud storage platform can maintain the decentralized ecosystem as effectively as Siacoin.

Reasons to Prefer Siacoin (SC)

There are many reasons to choose Siacoin’s unique approach than traditional cloud storage services. some of the major reasons for preference are as follows;

Security Factor:

All data present in Siacoin ecosystem is completely safe because its encrypted and is processed via a decentralized network and protecting it from any vulnerabilities of the centralized system. it also allows users to do redundant storage. Siacoin also protects user’s data while splitting uploaded documents between multiple providers.


In terms of cost, Siacoin beats all pre-existent traditional means of cloud storage. They boast a flexible, market-driven and unrivaled pricing options for their users to choose from. Since the entire concept is decentralized, its no surprise to see that it costs way less than its centralized contemporaries.


The blockchain-based project is best known for their less expensiveness and enhanced privacy features. It’s the same in case of Siacoin as well. all data processed over Siacoin network is encrypted and a provider cannot open any of the stored files you’ve uploaded on Siacoin unless you provide the private key. The centralized cloud storage fails to provide this sort of ownership of data to their customers and hence prove to be less reliable.

How is it Different from MaidSafe and Storj?

As described earlier, Siacoin is not the only blockchain project wanting to implement decentralized cloud storage ecosystem. Its competitors MaidSafe and Storj each have their own strengths and weaknesses so to speak.


Most crypto enthusiasts recognize MaidSafe as an active blockchain project that has a noticeable online presence. Their team is trying not just to provide decentralized storage but also improving it. all of their plans sound good but there has been no actual progress made by their team. Users can use MaidSafe in alpha version only and looks like it’ll be a long time for it to become fully functional.


Storj is another platform that has come up with the same idea as Siacoin and MaidSafe. For reasons unknown, storj is the only crypto among the three who has gained more spotlight and media attention as of late. Although the Storj concept is similar to Siacoin it offers some additional features such as pay-as-you-go model which means that hosts won’t get paid once the user disappears. Although storj is currently running on the beta version, they’ve suspended new registrations which makes things difficult for some users and benefit storj’s competitors.

OKEx Listing and its Effect

Yesterday OKEx which is one of the largest cryptocurrency exchange declared that it’ll be listing Siacoin soon enough. The official statement consisted of the schedule for deposits, spot trading, and withdrawals. They’ve also published in their basic information column about how influential Siacoin has become these days. With their core software downloaded for over 1 million times, one can imagine its popularity. This listing might open the door for a volume spike in Siacoin and leave a positive impression on a user’s mind. Listing on a big crypto exchange is quite a big deal and it seems to be only a warm-up for Siacoin markets.

Market Position

According to the data on CoinMarketCap, Siacoin is ranked as the 35th biggest crypto which has a total market capitalization of $566 million. Siacoin seems to be experiencing a spike in its individual price which is currently at $0.016. Around $28 million worth of Siacoin has exchanged hands within the past 24 hours. The Siacoin team has recently announced to be working on multiple enhancement and upgrades. Therefore, these figures are expected to rise in the days to come only if the crypto giants remain green-zoned.


It is evident that a decentralized cloud storage service is today’s need and people are looking at Siacoin to make a breakthrough soon with the technology it possesses. Crypto enthusiasts also expect to see Siacoin team more active and sealing useful partnerships that would ultimately boost their platform. Hopefully, Siacoin will prove to be more profitable in the near future.

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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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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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