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Indonesia Exchange Indodax Partners Up with TRON (TRX)

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TRON

TRON (TRX) continues to progress, and its latest partnership includes Indonesia’s largest crypto exchange – Indodax. This will help TRON expand even more, while the exchange is expecting more users to join up, now that they are offering yet another crypto.

TRON enters yet another partnership

Despite the fact that TRON (TRX) has just launched its MainNet, this crypto still doesn’t show any signs of stopping. Instead, it continues on its way to conquer the crypto world, and its newest development includes a partnership with Indonesia’s largest crypto exchange, Indodax.

TRON has had several large expansions recently, the biggest ones being the expansion to Malta’s market, as well as its enlistment in Binance. Now, Indonesia also decided to open up to this crypto, which will help spread TRON’s influence in Asia. Starting today, June 4, the official TRX/rupiah pair will become the new trading possibility.

Indodax is an exchange that has been around for a while, now. It was created back in 2013, and until March of this year, it was called Bitcoin Indonesia. The exchange is currently processing over $20 million in various available cryptos per day, and with the addition of TRON, this amount may soon become even bigger. The exchange numbers around 1.14 million users, and according to estimations, over 3,000 new users are choosing to join in on daily basis.

The trading activities are expected to start tomorrow, June 5, and the exchange cannot be more excited to welcome TRON under its fold. Until now, Indodax was only offering a select few cryptos, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Its only trading pair so far was Bitcoin and Rupiah. According to the CoinMarketCap, the exchange’s total market cap right now is at around $23.4 billion, and the platform’s top cryptos are Storiqa, Bitcoin, and Tokenomy.

TRON’s team shares the excitement

The excitement about the enlistment of TRON is also shared by its founder, Justin Sun, which can be seen in the great number of tweets dedicated to this expansion.

So far, TRX has become a part of 98 exchanges across the globe, and Indodax is only the latest one to accept it. Still, it will not be the last one, and Sun has also mentioned this on his Twitter account, where he hinted at many more partnerships that this crypto is planning to enter in the future.

The enlistment of TRON is seen as a very positive development for Indonesia, especially since the Bank of Indonesia’s Governor, Agus Martowardojo, announced a total ban on all cryptos back in December 2017. The legislation which was enforced at the time prohibits the use of cryptos as a payment option. However, the legislation does not include activities like crypto mining or trading, which still allows exchanges of this country to continue functioning as usual.

As for TRON, its current price is at $0.059, and it remains the top trading coin in exchanges like Binance, Upbit, and Bithumb. A lot of TRX supporters have also noticed the slight increase in its price recently, as well as the market turning green, which brings high hopes for this, as well as various other cryptos.

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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

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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