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Justin Sun Details TRON’s (TRX) Future

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Justin Sun
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Ever since the blockchain technology became popular, numerous use cases were conceived and conceptualized. Even so, only a few of them made the light of day up to this point. One of them is the blockchain’s potential for bringing decentralization and democratization to the content creation and storage in the modern day.

Blockchain functions as a P2P platform, which means that it offers significantly better methods of creating, storing, and sharing content. This works even better than centralized platforms like Spotify or Netflix, since they provide their users with open networks, instead of charging them fees for even using the platforms in the first place. Additionally, these networks are not governed by third parties, but by their developers themselves.

TRON is a perfect example of one such platform, and its strategy for growth has been extremely successful lately. TRON’s goal has always been to bring decentralization to the internet. That way, the content creators would be in full control of their content, its distribution, and everything else regarding the activities that surround it. In a recent interview, TRON’s creator and CEO, Justin Sun, shared his views on the matter, as well as TRON’s goals, and even the coin’s recent partnership with Japan’s LINE.

The Justin Sun interview

During an interview, Sun stated that TRON became one of the most competitive public chains around the world after celebrating its Independence Day on June 25. He also mentioned that August 30th is when the TRON VM will officially join the MainNet. Right now, TRON is doing extremely well, and its popularity is constantly growing, with over 200,000 active accounts already on the network.

When asked about the company’s plans for making monetary incentives for content creators, Sun stated that getting the content out has always been TRON’s top priority. The creation of a healthy ecosystem where this could be possible was the first step, which is something that TRON already largely achieved by becoming an established major public chain. Once again, Sun brought up the vision of the decentralized web as TRON’s final goal.

When asked about the company’s role in maintaining and managing the network, Sun stated that the entire point has always been to provide the best service, which is something that has not changed. The company aims to provide a safe, fast, and above all — reliable product. This product would be available and usable on mobile and desktop alike, which will provide users with constant access, and best possible service.

He continued to add that Project Atlas takes most of the developers’ focus at the moment, as it is a very big step forward for TRON and its goal of a fairer internet. He also pointed out that the project is collaborating with BitTorrent, which will also help with extending the durability of torrent swarms and even bring additional benefits, like providing seeders with rewards, adding additional resources to the ecosystem of torrents, and alike. Eventually, the project is to revolutionize the way that content is shared and consumed.

Sun then talked about the process of adding TRX to a new exchange, stating that the main concern is that the exchange can provide a reliable and safe experience. Each new addition to the exchange network needs to be user-friendly, provide a mobile experience, and if it is located in a country that is just opening up to cryptos, that’s even better. That way, TRON is available all around the world, which will help with decentralizing the web on a global scale.

He also reflected on TRON Super Representative election, stating that he felt the need to run for an SR in order to make sure that the network will remain safe and reliable at all times.

Finally, Sun stated that TRON’s addition to BITBOX was a huge step forward since Japan and Korea are very important markets that do the majority of work for the tech and crypto industry. Tapping into this market’s potential can only help TRON, as well as its users in these areas, which is why the company is looking forward to further cooperation with BITBOX and LINE alike.

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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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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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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…

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KaratGold Proves Its Business Model By Providing Official Documents

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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 Background

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…

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