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Can Verge (XVG) Redeem with RSK Integration?

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Verge

Verge has given its best to skyrocket XVG during the past couple of months. Huge momentum was gained by the announced partnership with MindGeek that took XVG to Brazzers and Pornhub, some of the leading websites in the adult entertainment industry. However, after the partnership with MindGeek that was deemed a massive success, coming after the first successful crowdfunding campaign that XVG has ever had, the public wasn’t so thrilled to have XVG related to the mentioned partners.

Alongside with having Pornhub and Verge partnership mildly disapproved off, the thing that trapped XVG in a misfortunate limbo came in form of 51% attacks that hit Verge more than once in the period of the last couple of months.

With being criticized on both these cases, it seems that this privacy currency might have found a way to redeem itself both in the market and among the crypto community with having started the negotiations with RSK.

Was the 75 million in Verge (XVG) worth it?

Verge had the entire XVG community up on their feet back at the end of March when they announced the start of their first crowdfunding campaign while announcing the mystery partnership to go with it, scheduling the revealing of the partnership for April 17th, but only in the case the minimum of 75 million XVG is reached within the given timeframe.

As we all remember, everything went well for XVG as they managed to collect the needed sum before the crowdfunding ended, while also getting to the headlines across the internet, being one of the most-talked-about digital currencies for weeks.

The mystery partner was MindGeek, which brought XVG to Brazzers and Pornhub while also pushing it up in the market for a brief moment.

However, it seems that the public isn’t so happy about XVG/Pornhub deal, which caused the price of XVG to severely drop in oppose to the dollar.

While the market trends weren’t so benevolent either, XVG went down by -70% in the last two months, while showing -50% against the dollar in the course of the last 30 days. Far from its all-time high of around 0.23$, XVG seems to be having a rough time.

But, the tough situation everyone is talking about when it comes to XVG is only visible when it comes to the dropping price as Verge seems to be scoring listings while being added to SistemKoin at the beginning of June, while another company, PharmaXtracts, announced that they will be accepting XVG as a payment method starting from May of the following year.

Yes, Verge seems to be slowing down as it dropped from being among top 25 currencies to now being ranked as the 34th coin on the global coin ranking list.

However, XVG was in a way recognized with their mystery partnership and the dedication their holders and investors showed during the crowdfunding campaign, where TokenPay was marked as one of the top supporters while announcing XVG debit card in creation.

So, after all, it seems that 75 million XVG weren’t thrown for anything, although the Pornhub deal is still observed with a lavish dose of criticism.

Verge/RSK Integration: Is it going to Happen?

The team behind XVG has announced a week ago on June 9th that the team Verge has officially started with negotiations with RSK mart contract solutions, which is said to be the safest option for making and deploying decentralized apps as well as operating with smart contracts.

Verge seems to be trying the well-known recipe for the second time by representing a new partnership on June 8th with an official post that came from the Verge currency Twitter account, tickling the public once again by following the March model when XVG was circling around MindGeek while keeping their intentions a secret.

However, only one day after, XVG announced that they have initiated negotiations with RSK, which means that XVG could soon have RSK integrated into its system.

RSK is said to be the safest option for smart contract operations, which means that XVG could gain more on privacy and security.

Although XVG is presented as a safe currency, it seems to be hard for the investors to forget that Verge had several 51% attacks during the last couple of months, which also puts RSK integration into question.

Although the deal hasn’t become official yet, many believe that RSK will definitely go for cooperating with Verge, given the fact that the main objective of XVG is to become the top privacy currency in the market, while RSK is known to be a platform which is highly oriented to privacy.

No further details were provided on this matter from neither of the parties at this point.

Only a week before this announcement, Verge released their Test Net to the public, so it is generally a thought that XVG will have further updates on the RSK negotiations once we have more about the Test Net impressions.

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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

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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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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