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Cardano ADA News: Chairman Pressured via Twitter

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Cardano ADA news

It’s only natural for the crypto investors to want to see their chosen coin’s growth, expansion, and progress, in general. The same goes for Cardano (ADA) community, which is among the strongest and most vocal ones. The community is keeping a close eye on the coin’s progress, eagerly expecting any and all Cardano (ADA) news that would bring something new.

According to the coin’s roadmap, it still continues steadily on its course. The developers are working on creating a secure, decentralized network, developing a Quantum-resistant signature tech, and, of course, are working on the Daedalus wallet.

Despite all of this, the community is still getting impatient in their desire to see the progress of their favorite coin. Because of it, they recently put a lot of pressure on the Cardano’s chairman.

Cardano Chairmen under fire

Only yesterday, Cardano ADA news about the Foundation’s chairman, Michael Parsons, being under fire on Twitter spread all over the internet. The coin’s fans were not shy of criticizing Parsons, claiming that his commitment to the project is low. According to them, this is the reason why the coin’s development has been so slow recently, and why Cardano’s ecosystem has failed to grow as much as it could.

Some even asked for Parson’s resignation, believing that others would be able to do more for the coin’s growth.

Additionally, the upcoming London meetup was recently canceled without sufficient explanation. It would seem that many in the Cardano community were looking forward to it, and were even planning on attending it. Because of this, Parsons also received numerous questions regarding the event’s cancelation.

Clearly, the community is not satisfied with where Cardano is going at the moment, or at least, with the speed at which it’s traveling towards that destination. However, some also started to wonder whether Parsons’ role in the progress of the blockchain is actually as significant as many believe.

How much can Parsons actually influence the project?

Despite what many in the crypto community believe, the chairman’s role in the project’s growth is actually pretty important. Especially when considering the mission of the Cardano Foundation. Parsons is not only an important influence on the project’s overall growth, but his role is especially important in the short-term development.

Cardano’s goal at the moment is to expand its community, as well as its ecosystem. Because of this, many believe that it is Parsons’ responsibility to represent the project and increase its exposure. That way, more investors would join the Cardano community, and the coin would become that much stronger.

We can see just how much a good representative of the coin can make a difference when we take a look at TRON’s (TRX) Justin Sun. Sun is famous for being the most vocal crypto representative on Twitter, and because of that, it is among the best-known individuals in the entire crypto world. Following his efforts, TRON has managed to create just as vocal community, which is probably the strongest and most supportive community in the space.

Considering Parsons’ modest approach to spreading awareness about Cardano, it is understandable why the community is not satisfied with his efforts. Still, Cardano has always been known for taking its time and paying more attention to detail and quality. Because of that, and its very capable team, the coin continues to meet all of its milestones, and thus continue to grow at its own pace. Even so, the argument could be made that a more efficient method of spreading the awareness would be good for Cardano.

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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

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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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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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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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