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Over 1,600% In Returns For Tron’s (TRX) Investors One Year Later

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Tron
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In a tweet on the 30th of July during the launch of the Tron (TRX) Virtual Machine, Justin Sun celebrated his birthday as well as reminding us of how young the Tron project is for it was its one year anniversary. In the tweet that can be found below, Justin summarized the highlights of the project thus far:

What about the Return On Investment (ROI) for ICO participants?

Traveling back in time and researching the initial conditions of the TRON ICO, we find out the following:

  • 100 Billion tokens were minted for the ICO
  • The total amount raised was $70 Million
  • Accepted cryptocurrencies were Bitcoin (BTC) and Ethereum (ETH)
  • Initial token price of 1 TRX was $0.0019

It is with the last fact that we want to explore the ROI for the initial investors of the project. The current price of a TRX coin is $0.035 at the moment of writing this. When we use this figure and that initial token price, we find that the Tron project has generated a Return on Investment for its participants, that is valued at 1,742%.

Looking at the peak value of TRX back in January, we find that TRX was valued at $0.25. Anyone who had held on to his or her own TRX tokens from the ICO phase and sold on that day in early January made an ROI of 13,000%. During this time period, TRX was a top 6 coin. Plans are underway for TRX to make it back to the top.

In conclusion, the Return on Investment on the Tron project is justification to congratulate Justin Sun and the Tron Foundation for a job well done one year later. Not too many blockchain projects make it to their 1 year anniversary. The same applies to regular business enterprises. Most new businesses fail within the first year. Some business experts put this figure at 50% while others say it is 30%.

During this one year, the Tron project has managed to withstand FUD from all corners of the globe. Justin Sun and the team have worked tirelessly to silence the naysayers by launching a functional Tron mainnet platform and other wonderful developments such as acquiring the file-sharing platform of BitTorrent and the Tron Virtual Machine. There are many more good years ahead for the Tron project. Therefore, it is still wise to keep HODLing as well as stocking up on more TRX when the chance arises.

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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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