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Ethereum Classic (ETC) is Moving Up with RADEX, Coinbase and New Listings

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Ethereum Classic

Ethereum Classic is looking forward to its 3rd birthday that should be marked on July 30th. At the same time, this marks three years since Ethereum had its first fork ever (and the last for now) which came as a result of the well-known failure with DAO, which further resulted in a massive stealth of ETH funds. That is how ETC was created as an offspring of the second-best currency in accordance with the global coin ranking list. However, with the new listings and new blockchain ventures on its agenda, ETC seems to be more than just Ethereum’s fork. Ethereum Classic is finally getting some recognition in the crypto community.

Coinbase Announces Ethereum Classic

To understand the momentum revolving around getting an ICO listed on Coinbase, we just need to reflect on the fact that Ripple, one of the top three currencies in the cryptoverse, is aiming at getting listed on this exchange platform.

Besides from having listed only Ethereum, Bitcoin Cash, Litecoin, and Bitcoin, by far, so Ripple foundation feels like their XRP currency belongs on one of the top exchange platforms in the US.

Although XRP might be eligible to get listed on Coinbase, the team behind one of the biggest exchanges in the world turned their heads elsewhere, announcing that they will be adding Ethereum Classic in the following months.

This is maybe one of the most important events the ETC has become a part of for the past couple of months and further, so it is no wonder that Ethereum Classic got to see a flattering rise in its price the same day the announcement came from the official release on the behalf of Coinbase team.

The marked rise showcased a benevolent addition of 25% of gains against the dollar, which came after the official announcement of Coinbase listing, that way pushing ETC up against all the odds.

Coinbase went forward with announcing this addition to their list of trading currencies to the public even though ETC is still months away, however in their release published back on June 11th, the team stated that the public announcement of the listing makes up for a part of the process they always follow during each new currency they are planning on adding to the list of live trading assets.

In their official release for Medium, Coinbase stated on June 11th that the team is currently at step 4, which means that they are in the middle of the engineering process for adding support for Ethereum Classic, after which the technical support for ETC will come, followed by the official announcement from Coinbase.

The announcement and the launching of ETC on their official live trading list of coins will come as the fifth step in their process of adding new coins to their exchange, after which Ethereum Classic should get an official listing on Coinbase.

Coinbase added that the final date when ETC will become available on their list is still to be announced.

Ethereum Classic Gets More Listings                                           

After having the Coinbase listing announced two weeks ago, Ethereum Classic was brought to attention when ETC got two more listings which were announced several days ago.

On June 22nd, the announcements on having Ethereum Classic listed on CoinBene and Novaexchange went in public on Twitter, which added more momentum to the story of Ethereum Classic getting announced to be listed on Coinbase.

Novaexchange and CoinBene are no Coinbase that is for certain. For example, Novaexchange was brought into question for more than several times during the last year when it was doubted that this exchange was actually a scam.

Since these allegations seem to have not gone further than being false accusations, Novaexchange is still successfully operating, while based in Sweden.

CoinBene, based in Singapore, is another one of the announced listings for June, which might contribute to the overall exposure of ETC in the market.

Ethereum Classic Announces RADEX

RADEX was announced as the first decentralized exchange exclusively designed for Ethereum Classic.

The decentralized exchange dubbed RADEX was entirely manufactured by Saturn Network, with the launching date set the latest for June 24th, while the team ETC released the decentralized platform as previously scheduled.

RADEX will be the first decentralized exchange based for the operations with ERC233 tokens, however, the platform will not only be handling transactions but will also have the needed tools to ensure easy interacting with smart contracts.

The exchange is said to have 0% fees, which contributes to its decentralized nature, while also supporting the expansion of ERC233-based tokens.

Ethereum Classic (ETC) Performance

Ethereum Classic, alongside with over 80% of currencies can be seen progressing in the market while following the latest benevolent market trend.

With the recent change in the market, ETC has seen an amazing set of gains by reaching a bit over 12% against the dollar in the last 24 hours.

After the latest change in its price, ETC can be purchased at the price of 15.80$.

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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

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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