The Verge (XVG) cryptocurrency and project have been bombarded with FUD due to the 3 hacks its blockchain platform experienced this year. As a matter of fact, XVG has more or less nosedived since April with is decline being accelerated by the current crypto bear market. XVG is currently valued at $0.021 at the moment of writing this. The current value is actually 14 times less than its peak value back in December of $0.29. This is a percentage decline of 93% in 6 months.
But the days of decline for Verge (XVG) might be a thing of the past with the recent announcement of the Litecoin (LTC) Foundation acquiring a 9.9% stake in Germany’s WEB Bank. This 9.9% stake is the same one TokenPay had acquired a while back and now it is in the hands of the Litecoin Foundation as part of a new partnership between the two blockchain projects.
TokenPay will benefit from Litecoin’s world-class technology and marketing expertise as well as the following blockchain initiatives:
- TPAY Cryptocurrency
- eFin Decentralized Exchange (DEX)
- TokenSuisse Asset Management
- WEG Bank FinTech Platform
- Multisignature Transaction Engine
Verge (XVG) and TokenPay (TPAY) are known to have the closest partnership in the crypto verse. Therefore, this new development with the Litecoin Foundation will also benefit the Verge Project. The XVG coin and project will receive the much-needed boost through the coming merchant services and debit cards that will be provided through WEB Bank, the Litecoin Foundation, and TokenPay.
There is also the aspect of TokenPay’s decentralized exchange of eFin that will support both XVG and LTC base pairs further accelerating the adoption of both assets in crypto exchanges. This means more visibility and demand for XVG that could lead to the $0.20 value in December 2018.
In summary, the partnership between the Litecoin Foundation and TokenPay that has been boosted by the acquisition of WEB Bank by the Litecoin Foundation further brings Verge (XVG) into the picture. This means that now Litecoin, TokenPay, and Verge are tied at the hip as one big crypto family. A family that will lend a helping hand to each other for mutual success in the crypto and blockchain industries. Right now, Verge (XVG) needs this partnership to regain its past glory in the crypto-markets.
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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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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%.
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
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…