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Here Is Your Unofficial Tron (TRX) Independence Day Checklist

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Tron
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It is always good to stay positive even when the Crypto-markets nosedive once in a while. Sometimes it is worth reminding ourselves why we love cryptocurrencies and blockchain technology rather than dwelling too much on the prices of the corresponding coins and tokens in the markets. The Tron (TRX) project has had an eventful past few months that begun with the launch of the TestNet platform back on March 31st and continued with the recent launch of MainNet on the 31st of May. What remains is the highly anticipated Tron Independence Day!

Therefore, it is with this information, that Global Coin Report would like to remind you of a few things that you might already know or might have overlooked in your research and following of the Tron project and its CEO Justin Sun.

So what do you need to know with respect to the Tron Independence Day?
  1. There is an ongoing countdown on the new website that was launched a while back. This countdown can be used to mark your calendar as well as to sync it to a mobile app
  2. The MainNet testing period is happening between the 1st of June to the 24th of June, 23:59 (UTC + 8)
  3. There is an ongoing bug bounty program to ensure the security and stability of the platform. The upper reward is as high as $10 Million
  4. The Genesis Block will be launched on the 25th of June, 00:00 (UTC + 8)
  5. Token Migration will be carried out automatically on numerous popular exchanges from the 21st to the 24th of June
  6. Last day to deposit your tokens in the exchanges to facilitate the above, is June 24th
  7. Binance will support a Permanent Token migration after the 24th. This means if you miss out on the deadline, Binance will be there
  8. As a TRX HODLer, you can record a 2- 3 minute video about yourself and why you love the project. You can then send it to od@tron.network in the requested format and be featured during the Independence Day Livestream
  9. Be on the lookout on all social media platforms for the official Livestream link to the Independence Day on the 25th of June, 00:00 (UTC + 8). Make sure you have adjusted your time zone
  10. Do not worry about the value of TRX dipping during the event. Look at the bigger picture of the platform launch signifying a new era of decentralization on the blockchain for not only TRON but the entire cryptocurrency world

In conclusion, as we enter into a new phase of the Tron project, the price of TRX might not be as significant when compared with the successful launch of the Genesis Block on the 25th of June. This event, also known as TRON Independence Day, is the summation of the Tron project from the moment it was a concept on a whitepaper, to the total migration from Ethereum’s platform.

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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

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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SonicX
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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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