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Notable Exchanges Supporting Tron (TRX) Migration from 21st June

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Tron
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The Tron (TRX) Mainnet launch is less than two weeks away with the current counter on the Tron Website reading 10 days and a few hours. In preparation for the launch, the Tron Website can be seen as having gone through a major overhaul with a new prominent color scheme and easier to navigate the site. There is also the latest news with regards to the project at the bottom and also a tracker of the price of the token in the markets.

After the MainNet will be launched on the 31st of May, the migration of the token to the new Tron blockchain will occur from the 21st of June to the 25th of June. This process will be automatic for all tokens that would have been transferred by their owners to these exchanges by the 24th of the same month. If you miss this deadline, there is a yet-to-be-announced token exchange counter to exchange your tokens for the new TRX on the Mainnet.

So which exchanges and wallets are supporting the TRX Token migration?
  1. Bittrex, currently ranked 21st on coinmarketcap.com with a daily trade volume of $76.575 Million
  2. Bitfinex, currently ranked 4th on coinmarketcap.com with a daily trade volume of $356.9 Million
  3. Gate.io is currently ranked 15th on coinmarketcap.com with a daily trade volume of $95.582 Million
  4. Binance, a famous exchange founded in Shanghai but with intentions of moving to friendlier jurisdictions as Chinese Authorities continue cracking down on cryptocurrencies and crypto trading. Currently ranked 3rd and according to daily trade volume, the exchange is currently doing $1.09 Billion in daily trade
  5. Coinrail, a South Korean Exchange that is optimized for users and cares for user convenience and safety, aiming to provide user-oriented system & design
  6. Coinnest, one of the largest cryptocurrencies in South Korea and ranked 106th on coinmarketcap.com
  7. Zebpay, the first Indian Exchange to offer TRX/XRP trading pairs
  8. Bitpie Wallet, which provides easy functions such as built-in exchanges and instant trade
  9. Bixin, one of the largest blockchain wallets that support BTC, ETH, TRX and many more cryptocurrencies
  10. RightBTC, the first global cryptocurrency trading platform in Dubai, ranked 31st on Coinmarketcap

In conclusion, the token migration will start on the 21st of June with 10 noted options for crypto-traders and HODLers of TRX to utilize for the token migration. It seems like the MainNet launch and Token migration is in good hands with the current Tron Foundation team.

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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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