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CEO CZ Invites XRP as Base Currency For Binance

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XRP

Changpeng Zhao (aka CZ), CEO at Binance has surprised and delighted crypto-exchange fans by inviting members of the XRP Community to offer their top pitches for why they think he ought to couple the digital asset with every other coin on the exchange.

CZ tweeted the invite on Sunday, showing his fun-loving side and how in-touch he is with the crypto-currency community.

This frisky tweet is in response to the XRP community’s endless calls to make their currency the standard. They constantly bombard CZ’s tweets with comments to this effect, so it’ll come as no surprise that he has decided to answer back at last, albeit rather tongue-in-cheek!

A Plethora of Memes

After tweeting, a plethora of memes were sent to CZ from the XRP community to try and convince him that this really was the best and only way forward in their eyes!

According to one follower, going by the name of Bank XRP, who responded to CZ’s tweet earlier today, there are four main reasons why:

  • Environmentally friendly
  • Reliable
  • Low Transaction Fees
  • Fast

CZ wowed and delighted his followers even further by also tweeting a LinkedIn link to his witty, step-by-step guide on exactly how to get your coin listed on Binance.com.

Tips include advising against trying to put pressure on Binance to list your coin and suggests that the best way to get your coin listed would be to work hard on your project and that keeping Binance updated will highly increase the chance of being listed.

As CEO of Binance.com, CZ also shows his followers that lack of greed also prevails – all listing fees paid to Binance.com will be donated to charity.

Having taken over Ethereum as the second largest cryptocurrency in the world, XRP investors suggest that Binance should couple all its cryptocurrencies with XRP. For those of you who may not be aware,  after overtaking Ethereum for the second time in one month, after a tense battle, XRP has now succeeded in achieving second place right behind Bitcoin!

This has all been largely aided by Ripple’s efforts to increase its customer base over the past few months. Further banks are joining the RippleNet where XRP is employed as a base currency using xRapid in cross-border funds transfers.

CIMB is Ripple’s most recent addition. Boasting its ranking as the fifth bank in ASEAN, CIMB Group enters RippleNet and implements Ripple’s tech. This will ensure that the bank provides its customers with instantaneous cross-border payments. Ripple reports that CIMB is among the first banks to leverage blockchain technology in an area where payments are notoriously inefficient and slow.

Also Rooting for XRP

The reasons why members of the XRP community are convinced that XRP should be the base on Binance is that it is now a base on the XRP United Exchange and also on the CoinField Exchange.

Weiss Ratings, which is among the largest rating companies, Tweeted back in August that they also agree that XRP should be the base.

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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 Pexels

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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