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Major Shake-Up of Crypto Landscape Expected By Tron-USDT

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Tron-USDT

The feud between Justin Sun and Vitalik Buterin has been very public and the leaders of Tron and Ethereum respectively have been at each other’s throats from the day Tron announced its own mainnet. Recent evidence seems to point to Sun getting the better of Buterin for the time being, particularly in the areas that Sun said they were looking to make the greatest impact. These areas are dapps and smart contracts.

USDT could be what puts Tron truly ahead of Ethereum

While Tron has been making waves in the dapp sector, outpacing Ethereum to gain an extensive lead with the number of active users. Tron has boasted that they have over 267 thousand active users, which makes the Ethereum (151000) and EOS (197000) numbers pale in comparison. These aren’t numbers that are received by internal surveys though, they all come from a trusted third party site called DappReview. Following on from the acquisition of BitTorrent, the number of users that Tron has could catapult into the hundreds of millions.

Then there has been the launch of USDT on the Tron mainnet. USDT is a stablecoin that is backed by dollars. One USDT, one dollar. It retains a stable value because it is backed by a stable currency – the most stable in fact. Hence the term stablecoin. Due to the currency being pegged they can act as a fantastic medium of exchange on the extremely volatile cryptocurrency markets while at the same time being traded back and forth much like other cryptocurrencies.

USDT has been relaunched on the Tron mainnet and it is going to be using the TRX20 token protocol. Sun is looking to use the partnership to allow the cheap, quick cross-border transfer of monetary value and it is all going to be on his network. Blockchain is cheap, fast, secure, reliable and decentralized. Killing off the volatility of other cryptocurrencies is key to making a token useful as a means of payment.

What could it be good for?

Having the option of a US Dollar backed token on the TRX framework will give P2P payments a lot more validity should they be done over Tron’s network. Remittances will be far faster than ever before and cost a lot less. Many people all over the world send money to families in developing countries. Someone earning thousands of dollars can totally change the lives of their family by sending $100 to their homeland.

The problem with that is the cost. Many services (banks, Western Union) charge a hefty fee for sending money. They use outdated systems that are not built for this modern world. It is the biggest driver of blockchain adoption in the world and Tron is looking to get in the game big time. Other uses could be payments for entertainment (particularly with the buying out of BitTorrent), microfinancing and crowdfunding. All these activities will be made much easier now that there is a stable store of value on the Tron network.

Shadows behind the scenes

there are problems with Tron, however. Many in the crypto industry see him as a single point of failure and laugh when anyone mentions that Tron is a decentralized network. Many believe (rightly) that it is in fact far too centralized. There is also the quirks of the CEO to take into account. He was recently made to look a fool by announcing a partnership with Liverpool FC, only to have spokespeople who were asked for comment to reply with “What is Tron?”. If he can calm his leadership and show that Tron is serious about decentralization, then we might have a winner on our hands.

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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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My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

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Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

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