Tron (TRX) is the coin that just won’t quit. After being thoroughly monkey-hammered alongside the entire cryptocurrency market a few short months ago, this low-priced crypto-product is now firmly rooted in the forefront of our minds and wallets once again. And why shouldn’t it be? Over the past two weeks, the value of this still very young coin has doubled from USD $ .045 to $ .09. And it’s not ready to stop. In fact, if you’ve paid any attention at all to this amazing cryptocurrency, you know it’s just getting started.
Most notably, the reason for this cryptocurrency’s current rise in fiat value centers on the countdown to the Tron (TRX) main net, scheduled for May 31st. In less than a month from now, the release of the main net promises to challenge the top competing crypto-currencies. Releasing TRX from their ERC-20 prison, freeing our long-held coins from the aging Ethereum Blockchain, the main net promises to rival last year’s champions of the crypto-universe and set a new standard for transactions, speeds, and costs. With 10,000 transactions per second set as a starting point for what the TRX blockchain can handle, Tron has put Ethereum (and other blockchain rivals) on notice.
Per usual, a steady release of announcements has been used to bolster momentum in the past days. Holding live chats and releasing tweets faster than Donald Trump, Tron (TRX) has given details into a slurry of developments including super representative elections and new exchange additions as they continue to meet benchmarks, progressing toward their inevitable, decentralized future. A new office in Taiwan, TRX/USDT trading pairs on Bittrex, weekly reports in a multitude of languages and whispers of an Alibaba partnership all speak to the excitement and rising value of this top ten crypto-company.
And I haven’t even mentioned the 30 Million TRX airdrop to the Ethereum community. Nor have I mentioned the support offered from various exchanges to assist with the TRX migration in June. When all these pieces are put together, even the most skeptical of investors have a hard time arguing against the fact that Tron represents the hardest working cryptocurrency on the market.
But there is another reason for the excitement surrounding the Tron (TRX) currency. The founder of Tron (TRX), Justin Sun, has recently completed his requirements as the prestigious Hupan University’s only millennial graduate. And while this will certainly free up his time to focus on his budding crypto-brainchild, it is his thesis, presented to the University on March 26th, that should excite all of us. Entitled, “The Birth of a Decentralized Internet,” this thesis provides a thorough representation of the blockchain industry, including the components and infrastructure necessary to keep decentralization possible. Tron is building that infrastructure and Justin Sun is actively pursuing this dream.
Decentralization is not just a keyword used to sell cryptocurrencies to an unsuspecting public. It is a construct that gives power back to the individual consumer. In a world where data is constantly stolen without consent and sold to the highest bidder, decentralization is indeed a powerful tool for the consumer to wield. Creating companies that can thrive while giving power back to its consumers will soon be seen as a threat to the archaic systems that enslave our digital selves. And while the centralized world of data theft buckles under the pressure of this rising star, Justin Sun and Tron (TRX) strive to inform the world that when you are forced to give up your data to big companies, you are no longer their client, you have now become their product.
So as we turn away from the bearish days of early spring and begin yet another summer bull run in the cryptocurrency market, Tron (TRX) is ready lead the way for a savvier investor class into a new decentralized future. Whether invested or not, should this experiment bear fruit in the future, we may all owe Justin Sun a debt of gratitude.
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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
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…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
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…