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New Additions to TRON (TRX) Support List

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TRON

TRON’s (TRX) founder, Justin Sun, has just tweeted about new additions to the TRON support list. Apparently, Coinoah and CoinEx decided to join the trend and become the two newest crypto exchanges that will support this crypto’s token migration. And, with the migration now being only one day away, the TRON Foundation decided to release all the necessary guidelines regarding the event.

CoinEx and Coinoah give their support to TRON

The ever-growing list of crypto exchanges that have decided to support TRON (TRX) token migration has just received two new members, according to Justin Sun’s new tweet.

CoinEx is a professional crypto exchange that is offering its services on a worldwide scale, and its goal is to create a highly-secure platform which would be stable and efficient. It supports various languages, and it also provides its services to more than 100 of the world’s countries. This makes it an excellent addition to TRON, and a truly valuable supporter.

Coinoah is a similar platform that is also available around the world. Additionally, it is operated by some of the best teams that consist purely of professionals in this field. The teams operate from various locations, including Thailand, Singapore, Hong Kong, Japan, and South Korea.

The exchanges have taken one of the latest opportunities to stand by TRON during its token’s migration, which is to be held tomorrow, June 21. TRON’s official blog post also mentioned this decision by the exchanges and has further stated that the investors need to deposit their TRX coins before tomorrow. The migration will, then, be done automatically.

TRON releases guidelines regarding the token migration

In addition to gaining new supporters in the upcoming event, TRON has decided to help out those who will be affected by the token migration by sharing some of the most important guidelines regarding the event. Through this token migration, TRX coins will finally stop being a part of Ethereum’s ERC-20 token and will move to their own blockchain.

According to the guidelines, the TRX coin holders will be able to join in on the coin migration by depositing their tokens in various exchanges. The exchanges in question are all those that have decided to support TRON prior to June 21.

The swap will be a 1:1 swap and the balance will remain completely unaffected by the event. Each of the 30 exchanges that will be participating has their own timelines, and will decide individually when will they stop with accepting the deposits. Because of this, it is extremely important for everyone to check when will their exchange stop accepting, and make sure that they are done with depositing their coins before that deadline.

Deposits and withdrawals will be completely suspended until the token migration process is over, and will start once more on June 26.

One thing to note is that Binance will continue with TRX swapping ever after the official event, and all it takes is for token holders to transfer their ERC-20 coins to Binance.

After the migration is done, users can freely take their tokens to a secure wallet, or leave them on the exchange. Only a day after the migration officially ends, TRON will have a Super Representative Election, and in order to vote, the coin holders will have to have their TRX coins in their Tron Wallet.

Another thing to remember is that the coins will no longer be compatible with ERC-20 wallet, following the migration. Those who try to move their TRX to an ERC-20 wallet after the event may lose them forever.

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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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