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Tron’s (TRX) Main Net is only days away; incentives will drive its growth

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Tron trx main net growth

As Tron’s new Main Net launch gets closer and closer, Tron’s TRX has been at the forefront of a rally in the cryptocurrency exchanges, increasing in value more than twice since this March when it was at its lowest.

Let’s be careful, this incredible rise and the excitement that’s surrounding Tron in particular and cryptos, in general, owes something to just the usual speculation that goes on in every market, that’s just Economics 101. That being said, it’s also true that Tron has managed to create interest and expectations at a higher rate than most other currencies in the industry.

Mr. Justing Sun (Tron’s founder and leader) communicates openly with the Tron community and TRX investors frequently, so he’s been able to build huge rapport and loyalty between the organization, users, and investors.

This is exemplified most recently by the successful launch of the Test Net, just this March, which was a trial platform for the Main Net and worked so well that allowed the foundation to move the actual Main Net launch. It was initially scheduled to happen in June, but the success the trial has given confidence to users and developers to make it happen earlier, in May.

Because of the coin’s performance and Mr. Sun’s skillful PR, Tron’s TRX has achieved the esteem and recognition from the crypto-world community in general. They have also managed to establish regular relationships with investors and enthusiasts in which all parties concerned want TRX to succeed.

But not everybody appreciates Mr. Sun’s transparency all that much. Some detractors and skeptics have accused him of just using Twiter and PR to create hype and rise TRX’s value artificially. Yet, the fact remains that Mr. Sun has shown excellent skills and leadership and he’s found a way to put those skills to work and make TRX a considerable success ultimately.

Maybe we shouldn’t expect anything less from a graduate of Jack Ma’s University, a former collaborator, and long-time protegé. It’s even rumored Mr. Jack Ma could get involved with Tron because of the close personal relationship he has with Mr. Sun. Tron’s founder has been delivering on every promise lately, so it’s hard to understand how that could be called “just hype”.

And now he’s taking advantage of the great news and success Tron has had over the last few months to bolster a new marketing strategy that’s more nuanced. This new approach clearest example is Tron Foundation’s Project Genesis, which features a two billion dollars payout targeted towards developers, so Tron’s development is guaranteed through incentives and rewards.

Incentives: You reap what you sow

Tron’s current transition process is one that will change the foundation and the coin for good. For most of last year and this year’s beginning, it was price speculation that made it grow, at least in part. By January, TRX’s growth rate was at 15000%.

That remains their all-time high which made it one of the biggest winners by the 2017’s end. But Mr. Justin Sun and Tron Foundation have learned that leaving speculation alone to account for the coin’s momentum is not a good long-term goal, as the drop it experienced in March showed only too clearly.

That March’s experience taught the Tron team to proceed to support their coin in more nuanced ways than Twitter posts and grabbing headlines. It will be all about incentives that can increase the interest and development that will turn Tron into an industry leader.

Mr. Peter Diamandis, the founder of the X-Prize, knows only too well what Tron is going through and he’s come up with a rule that summarizes the situation: “Companies don’t get what they want, they don’t get what they deserve. Instead, they get what they incentivize.” It seems Tron has learned this lesson.

The reward pool for Project Genesis is just huge. It targets core developers for the Main Net platform and the incentives it’s offering them are massive. They will spend two billion dollars on incentives that will reward several ongoing projects relevant to ensure the coin’s technology further development.

The primary goal is to gather support for TRX application development once the Main Net is already launched. The incentive program includes several attractive features such as a bounty program that will reward the Main Net system debugging efforts, a loan project (which already came up with a 100k loan last week) to encourage TRX innovation, and some other, smaller, monetary compensations for community members that help with Tron’s name development.

TRON and Top Level Utility

Tron’s Main Net and new technology will not be just aimed at supporting a cryptocurrency, but it will be a full application development platform aiming to be the world’s most versatile platform based on the blockchain. This means that it’s not enough for the Main Net to go online, there must be apps available so that its advantages become clear to a wider user pool.

And that’s what all those incentives are meant to achieve. The features promised for the Main Net are already quite impressive, of course. No fees, a scalation capability that could manage more than ten thousand transactions per second, the ability to create new currencies based on this blockchain.

So if you’re at all familiar with the crypto world, you’ll notice that this kind of thing is already available through Ethereum and the ERC-20 blockchain, except Tron, is aiming much higher in terms of versatility and performance.

Tron has already achieved the industry-leading powerhouse status. Maybe the price won’t soar too dramatically over the next few weeks but what you have to keep in mind is this: Tron is going for long-term growth and exponential rates of adoption. And they might just get it right.

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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 Pxhere.com

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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