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New Additions to TRON (TRX) Support List

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TRON
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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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