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3 New Cryptocurrencies To Keep An Eye On

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new cryptocurrencies

As 2018 nears its end, the effects of last year’s crypto boom are still being felt. Even though the current year has been bearish for most of its length, new altcoins continued to appear on the market almost every other day.

In addition, issues with scalability that many large cryptocurrencies are suffering from are slowly being solved by different methods. While this is all considered to be a positive development, the situation is slightly less encouraging when it comes to real-world adoption of cryptocurrencies.

Even so, some steps were made, and numerous efforts in different parts of the world are being made to one day make this concept a reality. In the meanwhile, crypto trading continues to grow, and investors are always looking for new aspiring coins to invest into.

This is why today, we will take a look at 3 new cryptocurrencies that are already showing real potential. Since any of them might grow to become the next big thing, it doesn’t hurt to keep an eye on them and follow their development closely.

1. SureRemit (RMT)

To understand what this coin is all about, we should first explain the concept of remittance. This is something that is very important for developing countries, as their citizens often struggle to survive due to a bad economy or other similar reasons. As such, it is not unusual for some of their citizens to leave their native country and travel to more developed places in order to work and send funds home via wire, online transfer, or some other method.

These funds that are sent back are what we call remittance. However, the process always has a middleman that is involved in some way, which makes the process both costly and slow. These costs can often go up to 10% or more of the total value that is being sent, and the length of the process can take anywhere from one to three days.

This is where SureRemit comes in, and it allows a solution to such problems by completely bypassing fees and the middleman. While the fees are still present, they will include 2% of the amount, instead of 10% or more. Not only will the receiver get more money out of this deal, but the process itself is also much faster.

The project itself is not aiming to become a transfer service based on blockchain technology. Instead, it relies on the fact that most of the money that is being sent will be used for consumptive purposes, such as buying food, paying bills, and alike. All that it takes is for merchants to accept vouchers that can be used for paying for goods and services.

An obvious question now is — why would merchants do this? The answer is simple — by doing so, they will boost their sales without having to spend money on marketing. Apart from that, merchants themselves will not lose anything, as they will still be paid in fiat currencies. The incentive has grown to be pretty effective up to this point, especially in struggling countries of Africa, the Middle East, Asia, or Latin America.

2. Scorum (SCR)

Scorum is a media platform based on blockchain technology. It allows users to receive rewards for creating quality content, and the rewards come in the platform’s native SCR coin. However, Scorum is a platform that focuses on a single niche, which is sports.

The platform has four components: Sports blogging, Fantasy sports, Commission-free betting, and a Statistics center.

Right now, the blogging platform is likely the project’s most exciting aspect, with more than 30,000 users, and 200,000 visits per month. This has made Scorum’s blockchain the 13th most active one in the entire ecosystem. This is already an exceptional feat, but it is even more impressive if we consider the fact that the coin has a market cap of only $7 million.

This is proof enough that the project does not need a lot of money in order to attract people, as long as it is done right. The platform also provides many with an opportunity to be creative and express themselves while at the same time, they would instantly attract a lot of traffic. In addition, as they do so, they can also get a reward in form of tokens, as mentioned earlier.

The project is pretty innovative, and it became an instant success due to the amount of interest in sports from all corners of the world. The betting platform is commission-free, and it offers a lot of unique advantages over other platforms. One of them is the fact that it can be truly international since cryptocurrencies know no borders. Another one is the fact that independent developers can use it to create their own solutions on top of Scorum.

As for fantasy sports part of the project, it has yet to gain any notable adoption. However, since transaction fees on Scorum are non-existent, many expect that this aspect of the website will grow as well in time.

Finally, there is a stats center, and this aspect is also in its early stages. Te plan is to help it grow beyond simply displaying typical sports stats, and to use different analytics tools to create interesting interactive visuals.

3. Ravencoin (RVN)

Ravencoin (RVN) is the largest coin on this list when it comes to market cap. However, it is still not as large a crypto as it can get. One interesting thing about this coin is that it managed to avoid usual pitfalls that most other projects rush into. It never held an ICO, and it was not pre-mined, which are only two examples of the things that this coin did differently.

On top of that, It has no CEO, which means that all of the “power” is shared among the developers themselves.

The Ravencoin project is designed to allow users to issue and transfer different assets on a secure, decentralized blockchain. Apart from that, it also provides a safe and secure messaging channel that can be used for communication. Decentralization is maintained by allowing users to vote on important decisions and issues, and users receive dividends as payment. In addition, it is resistant to ASIC, and it is much more energetic than Bitcoin.

The future of cryptocurrencies definitely seems brighter than ever, despite the fact that the adoption progresses slowly. Things like regulations and understanding this technology in the first place are of great importance. While a lot of countries understand this, there are still many of them that believe that cryptos are just a current trend, a bubble that can pop at any time.

This is why their progress is slow, but this also gives them time to develop, evolve, and reach the mainstream as a firmly-established technology, once their time finally comes.

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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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