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GoSeedIt Is Tron’s (TRX) Golden Goose

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Tron coin
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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

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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