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Changelly Makes Accessing TRON (TRX) Much Easier

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Tron

Despite all of TRON’s (TRX) recent success, the coin was still moderately difficult to get a hold of due to the lack of a direct path to it. Thanks to Changelly, this will now change.

Changelly changes how you get TRX coins

TRON’s (TRX) popularity has been increasing constantly for months now. However, the biggest problem with the coin wasn’t that people were not interested in it, but the way you had to go in order to acquire it.

Until now, those who wanted to buy TRON had to register on an exchange like Binance. Now, however, Changelly allows easy coin exchange, and the addition of TRX is expected to become a large game changer for this cryptocurrency.

Changelly offers users the ability to easily switch between a large number of different coins. Not only that, but it also allows TRX purchase via Mastercard or Visa. Of course, there is a catch to it, and the fees are slightly higher than those offered by exchanges. Still, Changelly is the one who performs the trades on behalf of their customers.

The addition of TRON

Changelly has decided to add TRON to its list as soon as TRX token swap has been officially completed. This allows changelly to simply move the coins and transport them to the user’s personal wallet. In the meantime, TRON’s MainNet continues to speed up and add more and more transactions with each passing day.

The MainNet is currently handling about 21,000 transactions on a daily basis. This might seem impressive at first, but the situation becomes a bit more clear once we remember that BCH manages between 13,000 and 20,000 transactions when the coin has a slow day. Busy days have seen BCH carrying over 100,000 transactions per day.

As for TRON, its low network usage is directly responsible for the lower number of coins being moved.  Most of the time, the coins are only being moved between various exchanges, with the addition of withdrawals to wallets. On the more positive side, the voting process has also picked up a lot of speed, and TRX currently has 11 Super Representatives elected. The goal is to make it to 27, which means that TRX has not yet even elected half of them, but the process is speeding up, which will hopefully see the election of the rest of them soon enough.

Sun becomes TRON Super Representative

One interesting development came when Justin Sun, the TRON founder himself, decided to announce his candidacy for the position of a Super Representative. This was a move that has blown away many of the TRX holders, and Sun was elected a Super Representative in less than 24 hours. Sun is already hard at work, with his profile already producing TRON blocks.

Unfortunately for TRON, however, its price still continues to remain unresponsive to all of the coin’s recent achievements. Not even the Changelly couldn’t significantly change TRX price. Some believe that this move won’t influence TRON at all, considering how the service has limitations regarding the daily purchases.

There is also the possibility that new TRX users might see the system as confusing and mystifying. Currently, the price of TRON is $0.036418, with a 3.15% increase in the last 24 hours. This change, while welcome, is still believed to be inspired by Bitcoin’s new bull run, rather than any large change in TRON itself. Most of the coin’s volumes have migrated onto OKEx after Binance trading dropped.

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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

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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