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Justin Sun News Boosts TRON (TRX) Once More

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TRON

TRON (TRX) has recently seen a significant increase in value, after an entire series of positive news regarding the coin’s progress that was posted by its founder, Justin Sun.

TRON (TRX) has always been known as the coin with one of the strongest communities in the crypto world. This time, the community really came through, once again being led by the TRX founder. In a recent series of tweets listing all the positives that have happened to the TRON project in the last few weeks, Justin Sun seemingly inspired another price surge that has seen TRON go up by no less than 11%.

TRON has done a lot in a very short time, which is an impressive feat by itself. It is even more impressive when we consider how bad this year was for the crypto world, with more than half a year of a bear market. So, what positives has Sun mentioned? What has happened to inspire such a big value increase just by reminding the community about it? Let’s take a look.

TRON gets on KuCoin

KuCoin is a pretty big exchange, currently holding the 53rd spot on the list of exchanges regarding the daily trading volume. Around $17 million worth of different coins go through KuCoin each day, which will mean a lot to TRX, especially since it is paired with both Bitcoin and Ethereum. TRON officially went live on August 28th, only days before the launch of TRON Virtual Machine.

Another large token burn

TRON has recently also held another big token burn, with around $670 million of the remaining ERC-20 tokens being burnt. This is also not the first time that the coin has done this, but is, in fact, the fourth such event in its history.

The launch of TronChat

TronChat has been something that TRON’s community has been waiting for for a while now. It was imagined to be a competition for multiple other social media apps, including YouTube, Instagram, and even Facebook itself. The best thing about it is that it will allow users to earn TRX coins, in addition to being a new large social network.

Its creation was inspired by the flaws and errors that so many other social networks suffer from. Facebook, for example, was criticized for poor protection of the users’ privacy, which is what caused a lot of consumers to lose trust in this and similar platforms.

TronChat aims to fix this and provide users with a new and improved network, that will also be completely trustworthy.

TRON Virtual Machine launch

Let’s not forget the launch of TVM, which was highly anticipated by the entire community for months. The TVM was said to make TRON one of the biggest names in the development of dApps, which will definitely pose a big issue for Ethereum. Ethereum has almost single-handedly started the rise of ICOs thanks to its dApp development platform. For a long time, it was the top player in this field, with no other project even coming close to it. Now, thanks to TVM, TRON will come uncomfortably near, and maybe even completely surpass it.

All in all, TRON has been making a lot of progress in numerous directions. Because of that, it is of a small surprise that piling up all of these achievements inspired a new price surge.

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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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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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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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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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