Whenever a company is shining brightly in the business world, we want to know what’s the name behind the outstanding idea, and of course, how did they do it. That in fact, is the exact case of what we are anxious to know regarding Tron, the blockchain-based decentralized protocol that is currently a shining star on the content entertainment platforms.
The acclaimed name is no more than TRON CEO Justin Sun, a figure that is not that new in the technology landscape since it was educated by the Alibaba founder himself, Jack Ma.
Sun, has created his very own name in the field of technologies, and currently, is one of the most successful businessmen in the world, being also the CEO of the popular app for voice streaming, Peiwo.
The app has a user pool of over 10 million people around the world and plans to consolidate itself as the ruler of the market. However, is this what makes of Justin Sun a remarkable name in the cryptocurrency world? Let’s determine that together!
The lab affiliation between Tron and Ripple propitiated by Justin Sun
An interesting fact in the cryptocurrency world is the rotation to a newer encrypted coin the users do once the old one starts not satisfying them, an action that seems very natural these days.
But something even more interesting is what happens when a person related to specific crypto, decides to take on another path and creates a similar yet better product.
As a matter of fact, that’s the case of Sun and his not-so-finished relation with Ripple, a coin that seems to have inspired him in the creation of the platform that now Tron is.
Sun still serves as the Chief Representative and Advisor of Ripple’s Lab, at the time that he leads TRX, the currently robust cryptocurrency ranked number 13 in the market. The connection between both currencies results evident, as well as how now they compete for the same target.
The possibility of a TRX rising price
In the cryptocurrency environment an increasing price it is always a possibility, but that’s actually the opposite of what’s been happening lately. All of the cryptocurrencies have been falling off their prices, taking it even to worrying scenarios.
Sun, on the other hand, is very familiar with the right marketing strategies to apply, and due to that, he has leaded TRX to a substantial gain of 5.7 only in the past 24 hours.
Similarly, the decentralized entertainment platform concept that Tron suggests guarantees a solid behavior and a great user’s acceptance in the near future.
The launch of Main Net, a strategy designed by Sun
The CEO thinks a gradual network would put Tron in the place where it actually belongs, that is in fact, the reason behind the previous launch programmed for the Main Net.
This smart move will transform the platform into another based on the full node running, which will cause at the same time, seamless transactions, and custom digital assets. The result will be a higher efficiency and a similar behavior to any outstanding blockchain decentralized platform.
The potential threat that Sun’s invention represents for Facebook
Tron wants to provide the users with everything the conventional platforms cannot, for example, the users will be able to publish everything they want to without having to worry about the censorship that characterizes social media platforms like Facebook; and even better, they could even obtain gains out of this, so is definitely a platform designed thinking of the user.
Additionally, privacy will be guaranteed on the platform, a feature of which every user is thankful for, and of course, the main characteristic that puts Tron right on the track of success.
The strategy of the price that Tron (TRX) defined
Currently, the price of Tron (TRX) is under the value of 1 dollar, but this is in fact, a well-thought move designed by the CEO Justin Sun.
The strategy seems clear, while the price is accessible more people will be willing to invest in the coin, creating significant traffic around the platform. Similarly, the game plan is to engage micro-payment traders, as they don’t represent a threat to the use wallet.
Finally, with all the activity around the entertainment market, the future for this cryptocurrency platform is and will be on the rise.
We will be updating our subscribers as soon as we know more. For the latest on TRX, 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 NASA via Flickr
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
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…