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Charlie Lee Officially Confirmed Litecoin (LTC) and TokenPay Collaboration

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Litecoin

The news about Litecoin starting a collaboration with TokenPay came exclusively on April 26. Charlie Lee officially announced that LTC will now be pairing up with TokenPay officially as it was implied earlier. However, the official statement made by the “first man” of Litecoin, contained Lee’s claims that Litecoin and TokenPay “are still exploring options”, which means that the partnership is not yet official. Let’s see what would it take to have TokenPay and Litecoin collaborating together, as well as what this collaboration could mean for Litecoin.

Is Litecoin Starting Collaboration with TokenPay?

Although Charlie Lee, the first man of Litecoin, is still keeping the public in the dark while all LTC enthusiasts and holders are waiting to see if the mentioned collaboration is actually going to happen in reality, there are some strong indications that this collaboration could turn official very soon.

As it is easily concluded, LTC came as a bit vulnerable after this currency lost its long-held spot as the fifth-best currency in accordance with the global coin ranking list. Its spot was lost to EOS, which easily climbed to the spot number five, that way taking it over due to significantly increased trading volume of EOS currency, while LTC went down taking the spot number 6 on the global coin ranking list.

This is probably the main reason why LTC is so closely monitored – the team lead by Charlie Lee is stepping up its game while trying to bring LTC to mass adoption while also working on having Litecoin partnering up with TokenPay as it was originally indicated in the not so far past.

Moreover, what makes us believe that TokenPay and Litecoin are set to officially pair up is the fact that Charlie Lee and TokenPay’s Derek Capo, revealed to the public that both, LTC and TokenPay are exploring an opportunity to include a German bank in a project that would involve crypto debit cards and many more.

In case you didn’t follow up on Verge and TokenPay story, if we go back a couple of weeks ago, you can recall that Derek Capo announced that the TokenPay team is planning on purchasing a German bank while the plan included Verge as TokenPay’s currency of choice.

Around the time when we were still unaware that Verge has started a crowdfunding campaign in order to collect 75 million XVG for a mystery partnership, the community believed that the mystery partnership was actually hiding TokenPay as a partner, to which the majority of XVG holders and investors were looking forward to.

In the end, it turned out that XVG was actually partnering up with MindGame which brought them to PornHub as one of the possible payment methods.

In case you are holding or are interested in holding XVG, you will be glad to know that this partnership is happening. Verge currency will be used in a bank in Munich in case Derek Capo buys the bank off as mentioned in the official tweet discussion between Derek Capo and Charlie Lee.

In this tweet public conversation, TokenPay was confirmed as one of the investors for the crowdfunding campaign, also adding that TokenPay is planning on adding more currencies besides from adding Verge to the Munich bank that is planned to be a part of a massive project started by TokenPay.

However, the Verge-TokenPay collaboration does not exclude collaboration between Litecoin and TokenPay.

In the further public conversation between the two representatives, Charlie Lee added that “he doesn’t care if Litecoin is 2nd”, thinking about the collaboration between Verge and TokenPay while indicating that LTC is more than ready to join this more than a promising project.

Derek Capo, as a reply, made an unofficial offer to Charlie Lee, stating that if he is interested in talking about real crypto debit cards, TokenPay is ready for collaboration as they will be buying off 9.9% of one of the German banks. At the end of his unofficial call for action directed to Charlie Lee, Derek Capo added that ”the battle of old world and a new world is just getting started!”, which means that TokenPay is planning on making a huge move towards leading cryptocurrencies towards mass adoption, which is definitely where Litecoin and Charlie Lee want to be.

How is Litecoin doing at the Current Moment?

At the beginning of April 26th, as per the atmosphere on the market, Litecoin was dropping for a bit over 5% against the dollar, while it was rising against BTC for a couple of percents since the market is massively going down again, which is the case for a couple of days now.

However, as of a couple of hours ago, Litecoin has seen a minor rise of 0.48% that soon rose to 0.82% against the dollar, which means that LTC is still trading in the green despite the atmosphere in the market.

LTC is also rising against Bitcoin by 1.98%, which means that Litecoin is currently doing better in the market when compared to BTC.

After the latest change in the market, Litecoin can be purchased at the price of 146.85$, which is still far from its all-time high of 366$ as marked in December of 2017.

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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 Marc van der Chijs via Flickr

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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