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GoSeedIt Is Tron’s (TRX) Golden Goose

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The Tron (TRX) Community has continually proven as being one of the most proactive in the crypto-verse. They are the first to notice any developments with regards to the Tron project and even wake up in the middle of the night (depending on the time zone) to watch the various live streams from the Tron Foundation such as the launch of the Testnet, Mainnet, Genesis Block and the Tron Virtual Machine. The same community has also continued to HODL despite the bearish market that has been accelerated by the postponement by the SEC to rule on the Bitcoin ETF.

It is therefore not surprising that the Tron Community has taken upon themselves to popularize their favorite asset and project. The community has initiated and thoroughly implemented what is now known on Twitter as #OperationTronStorm.

What exactly is #OperationTronStorm? 

As earlier mentioned, Operation Tron Storm is a community-driven effort to popularize TRX and its project. The community wants to decentralize the web by raising awareness about TRON through a ‘Community Airdrop’. Members of the community are tipping their non-crypto friends with TRX on Twitter via @GoSeedIt, to introduce them to crypto. The community is also tipping celebrities such as Kanye West, Snoop Dog, and even The Pope. The latter attempt by the community is to further popularize TRX amongst influential individuals.

So How do You Use @GoSeedIt?

GoSeedIt is an easy to use payment system built on the Tron coin. It is specific to Twitter and allows any user to quickly register for the service to tip or redeem tips that have been given to them. A step-by-step guide is as follows:

  1. Visit GoSeedit.io
  2. Click  ‘Login’ to log in with your twitter account
  3. ‘Authorize’ GoSeedit to use your account
  4. Once you have your wallet ready, you can send a tip by replying to a Twitter message in the following way: +(amount) @goseedit for example, +20 @goseedit
  5. Another option is to tip directly using the twitter handle of the user you want to tip. The format is as follows: @(username) +(amount) @goseedit  for example, @John +20 @goseedit

So Why is @GoSeedIt the Golden Goose for the Tron Project? 

Ever since @GoSeedit was launched around the 16th of August, the number of new accounts on the Tron coin has increased tremendously as can be seen below in the tweet below.

Further investigating the numbers on TronScan, we find that on the 13th of August, the number of Tron accounts stood at 139,312. The number of Tron accounts at the moment of writing this – August 20th – stands at 230,918. This indicates a percentage increase in new user accounts of 66%. This is a massive increment of new users who will now start transacting and HODLing TRX. This number is bound to increase with time.

Using the fundamental laws of economics, when the demand and use of an asset increases in the markets, its value will gradually go up. Analyzing TRX in the crypto markets, we find that the digital asset is currently valued at $0.022 and down 0.99% in the last 24 hours. The same TRX was valued at around $0.019 when @GoSeedit was launched around the 16th of August. This indicates an increase in of 16% in that time period.

One can argue that there is a slight general market recovery in the crypto-verse, but TRX is once again close to edging out IOTA in the markets without a major announcement pending in the Tron calendar. The difference in market capitalization between the two assets currently stands at $13 Million at the moment of writing this. Perhaps in a few days, TRX will be back to the top 10 thanks to GoSeedit.

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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 Jason Rowe via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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