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Can Tron be the Real Deal?

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Tron

I do so love to read all the “Mooners” who hype up crypto coins.  “To the Moon” regularly appears on many sites as these armchair investors hope that their favorite coins go ballistic hitting 100 times returns.   But, to be fair to them, there is no reason why some coins cannot repeat what the likes of Etherium or Bitcoin Cash have already achieved.

Ethereum is currently trading at £447 on Coinbase as I write this piece.  That is a whopping 947% increase over the past 12 months for this coin.  Yes, Ethereum has a strong platform that other build on, but that is increasingly under threat from new competition.  Still, Ethereum is holding its value up 37% in the last month. So, perhaps the “Mooners” should still have hope that their preference in coins has the capacity to indeed – Moon.

One coin that always ignites debate on the crypto chatlines is TRON [TRX].  Already this week as Tron has moved up to 11th spot on Coinmarketcap, the Mooners are predicting a huge increase in its value.  One may speculate as to why. Well, I think many of these Mooners will dump Tron as a soon as it hits a price that covers their losses.  That is a sad fact of life.  But on the other hand, why should Tron not begin to develop as the next Ethereum?  After all, that is the Tron leadership team’s dream, right?  To build something special and to decentralize the Internet creating a massive new powerhouse built on the blockchain.

Certainly, the Tron coin supply would have analysts telling us that it has too many in circulation to justify a big price hike.  And that the current spike in pricing is simply FOMO as many get in ahead of the Mainnet launch on 31st May.  But, as this coin and its development team continue to create outcomes in terms of coding, exchange listings, government partnerships and new hires, there is a sense that something special is being created.  No more hype and social media promises, but solid progress in all areas in line with stated ambition.  And this is why Tron could surprise the analysts showing strong growth in the next 6-12 months.

With Etherium at current prices, it is possible and plausible that Tron could hit $1 by the end of the year.  I would go as far as saying that if it doesn’t, it may have investor sentiment problems.

The market will always dictate price.  And the more the market believes in something real with tangibles being created, the higher the price.

This is where Tron is showing it believes it can do what it says on the tin and be the real deal.

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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 John Pabst Jr. via Flickr

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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