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Here is why Jack Ma’s Alibaba needs to be serious about partnering with TRON

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Tron

The TRX community is not new to speculation and predictions. Whether it be about the price movements of TRX or future partnerships, that much can be said especially with the recent rumors of a possible partnership between TRON and Alibaba group (the E-commerce giant of the East).

What you need to know about the Rumour

Well, if this comes as a surprise to you, here is a brief recap. The whole situation actually started when the founder of TRON, Justin Sun mentioned in a post on tweeter about the possible exciting partnership announcement between the now top ten ranked cryptocurrency and its ‘biggest partner ever’. With that single post, the whole community was abuzz with excitement that has lasted a couple of weeks.

Tron has been growing over the past few months with a current team of over 100 members in its Beijing headquarters plus plans for increasing the team to a full house of 400 members working on the platform. If Tron’s founder Justin Sun is able to achieve this by the end of the year, he will comfortably be on track to beat top organizations like Ethereum that boast of over a thousand members on its team.

With this kind of workforce, the speed of development on TRON runaway will obviously increase and with that comes more partnerships with leading firms and entities. But with that being said, the one partnership that TRON enthusiasts are waiting for with baited breaths is the partnership with Jack Ma’s Alibaba Group.

Already there have been speculation and perdition that the planned partnership is set to happen somewhere in the middle of this month. So far, however, TRON is still on course to the launch of its Mainnet with an ongoing super representative election and ranking that Mr.Sun has been talking about on his twitter handle.

Taking a closer look at the possibilities

However, looking at Jack Ma’s philosophy of building the future of e-commerce and allowing the young generation to take up leading positions, there is an absolute reason to the rampant speculation of a possible partnership between Alibaba and TRON. Granted, Jack Ma has publicly stated his dislike for Bitcoin, however, he also believes that the Blockchain is a promising technology. In fact, Justin Sun has previously mentioned his close ties with the founder of Alibaba group not to mention Sun’s achievements as the best graduate apprentice from Hupan University which Mr.Ma happens to be involved.

How Alibaba will benefit

Although these rumors have been ongoing for weeks it would not only be great for TRON to bag such a huge partnership but it would also serve the Alibaba group well if they managed to work with TRON especially now that the platform is growing with a young team of developers and a series of advancements set for later this month on TRON’s Blockchain network.

With the launch of the Mainnet TRON is set to pave the way for a truly decentralized internet 4.0 that Alibaba’s e-commerce empire can thrive upon. Recent tests by the TRON team on the network ended up being successful.

Tron is focused on making it easy for creators to sell their content online while also facilitating efficiency for consumers looking to buy content. If Alibaba is ever to partner with Tron, it will be able to go head to head with other e-commerce giants such as Amazon that is expanding their reach into the entertainment industry.

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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 Number 10 via Flickr

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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