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Litecoin (LTC) Eyes Trade Volume Growth with Two New Campaigns

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Litecoin

Litecoin (LTC) decided to expand its influence by introducing two new campaigns. The campaigns have become big on Twitter, and they are called #LitecoinAcceptedHere and #PayWithLitecoin.

Litecoin introduces new campaign

Litecoin (LTC) has asked its users and supporters to help out in the new campaign dedicated to expanding this crypto’s influence.

There are actually two Twitter campaigns which the team has encouraged its users to share – #LitecoinAcceptedHere, and #PayWithLitecoin. The campaign officially started with a tweet that says “Does your business accept Litecoin?”.

This is the latest attempt by this crypto to recover after a significant loss that its value has suffered recently. The effects of the loss have been witnessed throughout the entire market, starting from Litecoin’s drop in rank, and its replacement by EOS.

This development would have hit any other currency pretty hard, but Litecoin decided to stand up and fight, hence the two campaigns. Their ultimate goal is to try and inspire anyone who might be interested in adopting the crypto into their business practice.

Neither the tweet nor the rest of the project carries any particular information regarding the campaign. The point right now is not to make miracles with a huge campaign. Instead, al that this crypto wants is to spread awareness through promotions by its followers. What they expect is to capture the interest of small or medium-sized businesses which might consider adopting this crypto as a payment option.

Through interest and adoption, LTC’s price can get back on its feet and see another increase in price, as well as its exchange volume.

LTC’s recent adoption by WikiLeaks happened on April 25. Julian Assange, the founder of the site, has always been a supporter of cryptos, blockchains, as well as data privacy and decentralization. This acceptance of LTC as a payment method in WikiLeaks shop proves it.

Can Twitter bring Litecoin back on its feet?

Two campaigns have seen a lot of success on Twitter, mainly thanks to the currency’s supporters. LTC users have been posting tweets almost non-stop ever since the campaign first started.

They have been educating everyone willing to listen, and have explained many of the Litecoin’s advantages, as well as those of cryptocurrencies in general. For example, one Twitter user and Litecoin enthusiast by the name of Jon Moore has posted a tweet in which he does just that. Moore claims that businesses that are accepting credit cards as a method of payment can lose the money within six months from the moment the sale happens.

However, through the use of cryptocurrencies, and especially Litecoin, consumer fraud is completely eliminated. Tweets like this can be found on the entire platform, and are always followed by one of the two LTC campaigns – #PayWithLitecoin or #LitecoinAcceptedHere.

Only time can tell whether or not can this plan actually work. However, whatever happens, the enthusiasm of the LTC supporters is something very encouraging for this, as well as other cryptos.

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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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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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