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IOTA (MIOTA) Gets Backed Up by Peaq Innovative Exchange Platform

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Peaq

As the crypto market is slowly recovering from the latest harsh market dip, IOTA is not at all lading, having its price slowly rising up as this currency is being recovered. Besides from a pretty successful start of the week on the market, IOTA is implementing some changes and novelties in form of “an advanced” exchange platform names Peaq. Apparently, as of now, Peaq will be operating within IOTA’s blockchain platform that way promoting easy tokenization and simple and fast decentralized exchange market. How can this affect IOTA and what expects this currency in the weeks to come?

What do we know about Peaq?

Peaq is maybe best compared to the ERC-20 protocol found on Ethereum. In case you didn’t know this protocol actually enables people to upload and create their own digital assets and put them immediately to use. That is how Peaq could be for IOTA what ERC-20 represents to Ethereum.

Peaq is said to be an advanced combination of three different protocols, combining Distributed Ledger Technology in the newest form available with Directed Acyclic Graph and IOTA’s Tangle Network. This way Peaq represents a truly decentralized exchange platform with the ability of easy and simple tokenization.

Thanks to IOTA’s Tangle technology, Peaq is able to process and confirm transactions without the interference of miners and with zero fees applicable during transactions. Peaq, just like IOTA, also has ultimate scalability and quantum proof protocol.

Offline transactions are also enabled, which is a pretty neat addition to the already existing functionality of available features with near instant confirmations for all payments and transactions.

Thanks to the Distributed Ledger Technology all users can enjoy the perks of using different applications such as Supply Chain, Digital Identity, Distributed Cloud Storage, Notary, Internet of Things, Smart Contracts and more.

With Peaq, all companies and institutions that partnered up with IOTA can now enjoy all Peaq has to offer as well while enjoying the perks of IOTA and its currency at the same time. That means that with Peaq all companies would be able to create and immediately put to use their own token with a suitable symbol and all the features a certain company would need from a digital asset while having the ability to take advantage of IOTA’s Tangle.

While IOTA is supporting this ledger, Peaq is supporting a new age economy by up-scaling the economy with using blockchain-based ecosystem. In this story, Peaq can’t be just another ICO.

IOTA and Partnerships

It is already widely known that BOSCH has invested in IOTA by partnering up with this blockchain network. BOSCH has already found an applicable way of using blockchain technology, suggesting that Mileage Authenticity Certification would suit perfectly for the auto industry.

We know that BOSCH became an Angel Investor for IOTA as their representatives have purchased a vast amount of MIOTA, which is IOTA’s most important currency.

The partnerships that are sealed are mostly revolving around using the Internet of Things as one of IOTA’s most promising projects. It was expected that all companies and institutions that have partnered up with IOTA will be using MIOTA as well as their main coin of choice within IOTA’s network, but since Peaq is here, there might be some changes.

As Peaq is in the big picture now, all companies and institutions can now easily design and release their own tokens and coins with Peaq and put them to immediate use by easily offering their coins through Peaq with their own price and conditions previously set.

The beauty of blockchain technology when it comes to the way it affects economy lies in the fact that we can actually double our money with digital assets.

That being said, when you purchase a 50$ worth of MIOTA, you get the amount of MIOTA tokens equal to the amount you’ve spent on your digital assets based on its price per one unit. When you pay those 50 bucks, the person you bought your MIOTA from gets his 50$ and you get 50$ worth of IOTA that you can use and spend. That means that the 50$ you have spent just turned into a 100$ that are completely spendable altogether.

How is IOTA doing at the current Moment?

Monday started in the spirit of bouncing off and recovering from the latest market dip, so IOTA joined the team of coins that were set to rise from the depression of the falling crypto market. That means that IOTA was doing pretty well on Monday and Tuesday, dealing in the green on this occasion. However, IOTA’s price started to drop once again on Wednesday, while this digital currency is still dealing in the red on Thursday, March 23rd.

After the most recent change in its price, IOTA has dropped by -8.76% against the dollar and -2.39% against BTC, trading in the red since Wednesday when it fell by a bit over -7%.

MIOTA can now be purchased for 1.26$, which is still a better deal for IOTA than the price it had during the worst day of the market dip.

It is not certain whether IOTA will enter the green zone of dealing in the following weeks, but for now, you can buy MIOTA under a fairly low price in oppose of what this currency is worth when observed from the point of technological improvements and the addition of Peaq.

We will be updating our subscribers as soon as we know more. For the latest on IOTA, sign up below!

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 Bob Villalobos via Flickr

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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