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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

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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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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