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

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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

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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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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