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Cobinhood Adding Gas (GAS) and NEO (NEO)

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Cobinhood

Gas (GAS), along with NEO, will be one of the lucky currencies to get listed on Cobinhood! Seeing a currency getting listed on an exchange market is always an exciting thing to have, especially if the exchange market involved is one of the “big players”. Cobinhood, cleverly derived from the combination of words “coin” and “Robin Hood” (as stated by Captain Obvious!), is the first decentralized blockchain-based decentralized platform without fees, so having Gas and NEO welcomed on the board is actually a huge deal. Let’s see how the recent listing affected Gas as well as what this currency has been up to these days.

Cobinhood says YES to Gas and NEO

On March 28th, Cobinhood released a statement where this no-fee decentralized exchange platform updated the public on the most recent news. The news was revolving around NEO and Gas, as Cobinhood representatives announced that these currencies will be joining the existing list of currencies being traded on their platform.

The Cobinhood team added that these currencies will be available for live trading on their platform as of April 6th, which matches the date of this writing. That being said, we are now able to invest in NEO and Gas with no fees policy that no one ever said “No” to as these two currencies are now available for live trading on Cobinhood as well.

Neo and Gas started off strong with promptly acquiring a nickname “China’s Ethereum”, considering the fact that NEO platform is dealing with decentralized applications just like Ethereum.

Although Gas is somewhat less appreciated in oppose to NEO – Neo is ranked among top ten currencies as the 9th best currency according to global coin report list, while Gas is ranked as number 70 on the list. Also, if you take a look at the market state of these digital assets, you will notice that there is a huge gap in the price difference as well. However, this is not an odd case since it is a fact that Gas actually represents a token hosted by NEO and Neo platform.

There is also a crucial difference between the two, where NEO is “stronger”, both technologically and on the market, probably given the fact that NEO actually “gave birth” to Gas.

While Neo is being used for providing voting rights within Neo platform, also representing the shares of NEO that you own, Gas represents a token created by NEO. At every processed block in NEO’s blockchain network, a user gets 8 GAS tokens. The production was then reduced to generating 1 GAS per 2 million processed blocks.

Gas is actually very important for Neo platform as this token serves the purpose of paying for running smart contract operations, which means that Gas is actually powering up smart contracts, which is one of the most important features that Neo has as a platform.

Due to the occasion of adding both, Gas and NEO to the list of trading coins, Cobinhood representatives added that they are constantly trying to meet the needs of their users, so they are working on adding new coins and tokens. However, they need to make sure that the coins they are adding are worthy of being added.

That says a lot about NEO and Gas, so it is a bit odd that only a bit more than a week later, both of this currencies are suffering from losses while trading in the red.

Besides from having Gas and NEO listed, Cobinhood also accepted Bitcoin Cash (BCH).

Cobinhood is also planning on finding more worthy coins to add to the trading list while they are working on creating corporate accounts that will enable lots of handy perks including the increase of withdrawal limits.

How NEO and Gas are doing at the Current Moment?

After the latest change in the market, Gas is being traded in the red with -14.69% of drop against the dollar. Gas is also trading in the red and down against BTC and NEO, dropping by -2.42% and -0.56%.

Given the recent negative changes, this token can now be bought for 14.14$ per one GAS token. Gas reached its record price on January 16th, when most currencies were experiencing massive gains in the market. On this occasion, GAS hovered around 85$ per one unit, but it dropped to the current price of a bit over 14$ in only 8 weeks.

Neo is also trading in the red after the most recent change in the market. This coin fell down against the dollar by –4.07%, which is still significantly better than its token, GAS. NEO is also trading down in the red against BTC, dropping by -1.79%.

At the current moment, you can buy Neo for 44.76$ per one unit.

We will be updating our subscribers as soon as we know more. For the latest on NEO and GAS, sign up below!

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 Arran Bee via Flickr

Altcoins

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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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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