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

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Tron

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

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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