The entire hype on this matter started off with the first crowdfunding hosted by Verge (XVG). As a reason for their request, the team stated via Twitter that they need the mentioned amount in order to acquire a very important partnership. It seems that the hype they have implemented into the public has done an amazing job for the team as they have managed to collect the needed amount in no time. Now, we are waiting for Verge to reveal the mystery partnership that cost investors a “puny” 75 million XVG.
Is Verge Partnering up with TokenPay a real deal?
Ever since the XVG team announced that they are starting with a very important crowdfunding that should sky-rocket XVG and help them acquire a crucial partnership, crypto enthusiasts have been off their seats due to a hype that followed the initial tweets.
The “reward” for all investors and holders who helped in collecting 75 million XVG even before the end of the campaign is said to be the revelation of the mystery partnership that the Verge team mentioned in their campaign via Twitter, which seems to be one of the most popular social networks for crypto enthusiasts.
From then on, we have all been waiting to find out the figure behind the mystery-wrapped partnership, so many people started to guess who the mystery partner could be. As the guessing was on the loose, Verge was still receiving funds within their crowdfunding campaign as investors kept on pushing XVG even though the goal of 75 million was reached.
Finally, as the campaign ended, the anticipation increased so it became a general opinion that TokenPay stands behind the mystery partnership.
If you were among the crowd of crypto enthusiasts to believe that TokenPay is hiding behind the veil of mystery set by XVG, you were wrong.
It is confirmed that TokenPay is definitely not behind the mystery partnership and the confirmation became official once Derek Capo, the CEO of TokenPay tweeted back on this matter.
He turned the allegations down by stating that TokenPay is in no way the mysterious partner that XVG is planning on revealing, but he further added that TokenPay is planning on pairing up with XVG as the TokenPay team is working on several projects that should most definitely include XVG into the story.
Capo added at the end of his official announcement that crypto communities should definitely stick together in order to be able to push cryptocurrencies and blockchain-based technology while making these assets applicable in various “real life” purposes.
Verge and the Unveiling of the Mystery Partnership
With the announcement of the crowdfunding campaign that is said to be aiding in the further development of Verge and its features, it was also announced that the 75 million XVG will unlock a mystery partnership.
It was further announced via Twitter that the partnership that was acquired thanks to the dedication of holders and investors, will be revealed on April 17th.
As the mentioned day is getting closer with each day, now being only 3 days away, the anticipation is rising. Since it was already determined that TokenPay is not in any way the mysterious partner everyone is talking about, we are only left to wait for April 17th in order to find out who is behind a 75 million XVG worth partnership.
One is for certain; the crowdfunding campaign was announced in the right time as XVG was pushed up in the market, gaining on its value and trending up in the world of most popular and most wanted cryptos.
Further, as the anticipation is rising, XVG keeps rising in accordance with the hype hovering around this mystery.
How is Verge doing at the Current Moment?
It seems that XVG is doing more than well in the market, as it is successfully being traded in the green for quite some time now. We can probably give credit to the crowdfunding campaign for having the value of Verge pushed up in the market.
After the latest change in the market, Verge has gone up to 0.15% in the last 24 hours, which is just another one of many rises this currency has acquired over the last week.
With the recent change in its price, Verge is still trading up against the dollar, while trading in the green. XVG is also trading up against BTC, going up for nearly 2% which means that Verge is growing at a more prompt pace of growth in oppose to the first currency on the global coin ranking list.
Verge can now be purchased at the price of 0.094$ per one XVG unit, while it is slowly but steadily going towards its all-time of 0.23$ per one unit, which was recorded back in December of 2017.
We will be updating our subscribers as soon as we know more. For the latest on XVG, sign up for our free newsletter!
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 Charles via Flickr
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
Hodium Presents a Compelling Opportunity for Outsized Investment Returns
I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018. It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants. Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse. The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.
As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha. In that regard, it’s similar to traditional financial markets. I can remember trading during my high school days. It was the late 90s and right in the middle of the dot.com boom. Eventually, however, the euphoria fades away and reality hits hard. Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.
Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques. The professionals employed by hedge funds are the best of the best and have spent years honing their craft. That is why they’re able to make the millions of dollars that they normally…
KaratGold Proves Its Business Model By Providing Official Documents
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 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…