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Here Is How Tron (TRX) Becomes a ‘Sh*t-Coin’ in A Good Way

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Sh*tcoin is a term that is used in the crypto-verse to describe a coin or token that is more or less worthless. The usual story is that they start off as revolutionary blockchain projects that claim to disrupt everything: banking, insurance, online identity et al. They raise funds and then the project fails and disappears into obscurity together with the value of the token or coin. Tron (TRX) was once referred to as a sh*tcoin but it has proved critics wrong with a working Mainnet, a loyal community and a bright future with BitTorrent being its golden goose.

So why is Tron (TRX) a Sh*t-coin in A Good Way?

The Tron foundation has recently announced a partnership wit MOSHROOM which is a leading portable smart toilet supplier in China. As weird as the partnership might sound, it is strategic in the sense that we have to use these facilities a few times a day. Justin Sun announced the partnership via Twitter as can be seen below:

Investigating further about the partnership, we find that they will work on blockchain technologies, especially cross-border settlements with cryptocurrencies. MOSHROOM has a track record of innovating some of the best smart toilets out there complete with renewable energy and vending machines.

Smart Toilet from MOSHROOM

Supported by the Chinese government, MOSHROOM has placed dozens of these portable toilets in the streets of Beijing thereby making this partnership with Tron quite significant. The cooperation will allow MOSHROOM to gain technical support for mobile payments, especially on the cross-border front.

Justin Sun is quoted as saying the following with regards to the partnership:

“TRON hopes to help MOSHROOM improve bathroom experience for more ordinary people in developing countries, with a focus on cross-border payment settlement. We would like to make sure that this project continues in an effective and healthy manner with a good business model.”

The aspect of cross-border transactions was further elaborated by the founder and CEO of MOSHROOM, Cosmos Wu:

“Since currency systems vary from country to country, it’s not an easy job to popularize our portable toilets around the world. Therefore, we are happy to work with TRON, one of the best in the blockchain community, and promote our project with the help of cryptocurrency.”

TRON and MOSHROOM will first promote portable toilets in Southeast Asia and India: regions with a considerably high population. The usage and payment of the toilets will be enabled by blockchain technologies.

So there you have it, ladies and gents. TRX is now a ‘sh*t-coin’ in a good way. The cryptocurrency will be advancing public health and sanitation as well as getting into a new industry of cross-border payments. One is tempted to remember that Justin Sun once worked for Ripple before starting his own project. Therefore, there is some hidden excitement in all this and as to what the final solution will be.

Note: This article was not meant to offend any TRX HODLer and fan. The pun was just too attractive.

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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