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How Things are going for TRX HODLers Nowadays: Recent Developments and Their Impact

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TRON

After the launch of TRON Mainnet along with the new Odyssey stage on 31st May 2018, the principal focus has been on the Super Representative Election scheduled to be held by the end of this month. As the event is getting imminent, new participants in the form of cryptocurrency exchanges, cloud-based platforms, and several other organizations are emerging from every corner of the world in order to enlist themselves in this event and support TRON. The past few days have been no exception as well. Moreover, there are other technical upgrades and community events as usual that can impact this digital coin’s future.

Since its very day of introduction, TRON team has never failed in providing a comprehensive weekly report consisting of recent events. This transparency and the propensity to frequently communicate with the traders across the globe has been one of the main reasons behind TRON’s incredible popularity. There are more than eighteen hundred cryptocurrencies and ICOs available in the market that can become potential competitors in future. Hence, TRON’s development team continues to work on more upgrades incessantly in order to ameliorate its position in the market.

Here, you would find some of the major technical and community developments that occurred over the past few days and can change TRON’s position in the market.

Technical Upgrades:

  • Upgrades in Structure: In the previous week, TRON’s development team realized the necessity of a transaction duplicate check system for the storage layer and implemented it successfully. Also, the testing and developments on the solidity node were supported by the team while successfully implementing the Hot-standby function. However, the work on enabling paginated query on token issuance and improving the deployment documents is still in progress.
  • Upgrades in Consensus: The TRX development team was able to keep track of the voting time during the maintenance period last week. They also ran a few tests on the bandwidth occupancy attack. The work on ameliorating the relevant documents and supplement test is still on-going.
  • Upgrades in Wallet: In case of the TRX wallet, the strength of verification password was increased considerably during last week in order to provide better security for the traders. Also, a CAPTCHA was added to the test-token requests on browsers. The development team is currently working on optimizing password logic, creating documents on various technicalities of exchange sync-up, and supporting the same.
  • Other Upgrades: On June 20th, TRON’s CEO Justin Sun announced launching Odyssey Version 2.0.3 on GitHub. With this upgrade in the current Odyssey stage, TRON is likely to offer more efficient service to the traders.

Community Updates:

TRON community has undergone some pivotal changes in the last few days including:

  • Acquiring Support for Token Migration: TRON’s blockchain upgrade and token migration is scheduled to take place on June 21, 2018. During the past few days, several exchanges offered their support for this event. Binance, the largest cryptocurrency exchange was the first to announce their support on June 11. Koinex, the reputed Indian exchange also supported this TRON event very recently along with LBank. Besides these exchanges, world’s leading cryptocurrency wallet Cobo wallet also supported TRON’s token migration along with blockchain upgrade.
  • Addition of New Language: Based on multiple suggestions from the TRX holders and community members, TRON launched Korean version of their official website. This incident is likely to make a positive impact on this currency by extending its purview in another technologically developed Asian country.
  • The release of TRON Chrome Wallet: TRON chrome wallet is an ingenious multi-functional and stable wallet that can be applied in Chrome plugins and is designed specifically for the TRON wave. With this wallet, the users would be able to connect their digital accounts instantaneously.
  • TRON Super Representative Election: TRON announced the name of a few major super representative candidates over the previous week. Some of them include Infinity Stones (a Silicon Valley-based company), Node Capital, ChainDD (China’s first financial data and blockchain information platform), Digital Assets Group or DAG, Sesame Seed (well-known blockchain platform), and Zaeda (IT consulting and ISP company).

Market Transaction Updates:

On 12th June, TradeSatoshi Exchange announced launching several TRON trading pairs including TRX/BTC, TRX/ETH, TRX/BCH, TRX/LTC, TRX/DOGE, and TRX/ USDT. From June 26 onwards, TradeSatoshi would also support TRX trading, deposit, and withdrawal.

Current Condition of TRON:

As of 21st June 2018, TRON holds the 10th position on Coinmarketcap with a price equivalent to $0.048 approximately and a market capitalization of 3.1 billion USD. Although the price surge expected right after the Mainnet launch is yet to come, the trend has been steadily upward over the last few days. The current figures are showing an improvement of 1.33% over the previous ones.

Final Thoughts:

With all these new developments and the super representative election around the corner, things are looking quite propitious for the TRX holders at the moment. Once this event finally begins, the current price trend is likely to be even more upward with profitable opportunities for the traders.

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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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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…

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