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ERC20 Tokens to Look Out for in 2018: EOS, TRX, VEN, IOST and BTM

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ERC20
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ERC20 tokens are instances of smart contracts that operate on the Ethereum blockchain. The abbreviation of Ethereum Request for Comments is ERC and 20 is the unique proposal ID number. The term ERC20 actually defines the rules that Ethereum tokens have to follow, that is, it helps the developers to understand how the new tokens will fare in the larger Ethereum system. As all the ERC20 tokens have to follow a set of rules, the developers do not need to redo their project once a new token is released. In fact, these tokens are designed to accommodate the newly released tokens.

The ERC20 specifies six different functions that include the process by which the tokens are transferred and the way the users can access information regarding a particular token. ERC20 also gives two dissimilar signals to a token and they do not match the signals of other tokens. One advantage is that the wallets that support ETH will also support the ERC20 compatible tokens. The ERC20 tokens like any cryptocurrency can be sent and received and have real value. The difference is that these tokens are hosted by Ethereum addresses and the transactions are done with the help of Ethereum transactions. Therefore, the receiving address for the ERC20 assets is the same as the Ethereum address.

ERC20 Tokens one should hold onto in 2018

  • EOS (EOS)

The developers of EOS are focused on making the ERC20 token more accessible to the traders. The introduction of Dawn 3.0 to solve scalability issues and inter-blockchain communication will make the coin more and more popular among the investors. With inter-blockchain communication now the users do not have to go through the whole block when processing transactions. EOS getting listed on ZebPay and the partnership with WAX (Worldwide Asset Exchange) are interesting developments that have helped EOS to progress on the green line. The recent adventures of EOS have successfully raised the rank of EOS on coinmarketcap.com to the 5th position. At the time of writing, the price of EOS is $14.23 USD (4.53%) and the market cap has crossed $11 billion USD. (As of 25th April 2018. It seems that EOS is on a bullish run in the second quarter of this year.

  • Tron (TRX)

Tron has gained immense popularity among the investors with its partnerships, collaborations, and eagerness to find a solution to internet censorship, and security issues in the entertainment ecosystem. The Tron network eliminates the intermediaries by allowing the users to have the fundamental ownership of data and content related to the entertainment industry. Also, Tron is going to launch its own Mainnet and will stop being an ERC20 token. According to the founder of Tron, Justin Sun, the Tron network will focus on solving the challenges faced by the Ethereum blockchain. Other factors for holding onto Tron (TRX) include its partnership with the gaming giant BitGuild and its well-planned out Roadmap. At the time of writing, according to coinmarketcap.com, the market cap is over $4 billion USD and the price is approximately $0.06 USD (4.25%).

  • VeChain (VEN)

The upcoming launch of VeChain’s own Mainnet and its partnership with AssetLink and Shanghai eGrid Consulting Co. LTD are most likely to draw the attention of the traders/investors. The decision made by the VeChain team to award the users the rights to own Authority Masternodes will also attract investors. VeChainThor, the full node that is supported by Authority Masternodes will generate blocks and will provide an extra layer of security to the produced blocks. According to coinmarketcap.com, VeChain stands at the 16th position and its market cap shows approximately $1,989,248,563 USD. (As of 25th April 2018)

  • IOStoken (IOST)

The developers of IOStoken introduced proof-of-believability that is considered to save more energy than the proof-of-work or proof-of-stake algorithm. The aim of the project is to develop on the scalability front and take blockchain technology to the mass. ‘Hyper Universe Distributed Systems’ and ‘Efficient Distributed Sharding’ along with proof-of-believability enhance the process of online hosting of services. Another unique feature of IOStoken that captures the investors’ attention is the concept of ‘Servi’ that can determine how much a user contributed. The ‘Servi’ tokens are non-tradable, self-destructive and self-issued. IOStoken has already been listed on popular cryptocurrency exchanges like Binance and Bitfinex. Currently, according to coinmarketcap.com, this ERC20 token is ranked at 56 and the market cap is approximately $397,422,480 USD. (As of 25th April 2018)

  • Bytom (BTM)

Bytom was developed with the objective of making atomic assets, dividends and bonds registered and exchangeable through a contract supported operation. Bytom offers the users to separate their transaction signature from the rest of the data to make the process more secure. Bytom’s contribution in China includes cross-chain asset distribution, developing proof of work consensus mechanism that differs from that of Bitcoin, and providing solutions like high-speed algorithm to reduce wastage of resources. The proof of work of Bytom will allow AI to enhance the mining process of Bytom. According to coinmarketcap.com, the market cap of Bytom is approximately $902,870,094 USD and ranks 29. (As of 25th April 2018)

All the above-mentioned ERC20 tokens are considered to have a bright future due to their well-written whitepaper and unique features. At the moment, when most of the cryptocurrencies are struggling to remain green after the drop in the first quarter of 2018, it is best to buy these tokens with a promising future and holding onto them. Trading them in future will probably see higher returns.

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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 Damian Morys via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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