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Here Is What Pornhub Officially Integrating Tron (TRX) as a Payment Option Means for HODLers
Less than one month ago, Pornhub announced that it would be accepting Tron (TRX) as a payment option on its adult website in addition to Verge (XVG) and ZenCash (ZEN). The response from many TRX holders was mixed. One side of the argument was a bit skeptical that their favorite coin was being associated with a porn website. The other side of the argument saw the bigger picture of TRX getting the exposure it needed from the porn industry that is known to be worth $97 Billion according to 2017 estimates. As a matter of fact, as soon as Pornhub announced it was accepting TRX, its advertising partner, TrafficJunky, followed suit.
Now the Tron Foundation has officially issued an announcement stating how you can pay for your Pornhub subscription using TRX. The step-by-step tutorial is available on their medium page
But what does this all mean for the TRX HODLers?
Let us get some numbers into this discussion so we can fathom how huge this is. Firstly, and earlier mentioned, the porn industry is worth a whopping $97 Billion. This means that TRX has penetrated this industry in an instant. Knowing how the adult film industry is quick to embrace emerging technologies, it is only a matter of time before we see other sites welcoming the payment of subscriptions using TRX. This then means additional demand for the digital asset as well as more liquidity for TRX in the markets as Pornhub users buy the digital asset from the numerous exchanges.
Another number to remember is that Pornhub has been reported to have up to 90+ Million unique visitors to the site on a daily basis. Let us say 1% decide to pay for subscriptions. This means we have 900,000 users who might pay using TRX or even observe that TRX is an option for payment. According to 2017 data, the visitors – in order of magnitude – are from the countries of the United States, United Kingdom, India, Japan, Canada, France, Germany, Australia, Italy, Brazil, and Mexico. This is free marketing for the coin right there and additional exposure for the Tron project across the globe. No other cryptocurrency has achieved this to our knowledge. TRX might be setting itself up for a Bull Run with this.
What about BitTorrent being utilized for file distribution on Pornhub?
Now, this is a big IF. So whatever we discuss here is pure speculation. But let us explore the limitless possibilities of a BitTorrent integration onto the Pornhub ecosystem through Tron. This means that distribution of films on the site will be made easier and more efficient making the porn site way ahead of the competition in terms of download and upload speeds.
Perhaps even the users of BitTorrent who will accept to have their machines online for the uploads and downloads of files onto their machines will be given TRX incentives. This is similar to how SiaCoin (SC) is working on distributed file sharing. You set aside a portion of your Hard Drive to Pornhub, you stake some TRX and get some TRX rewards. How cool would that be?
Summing it all up, the official addition of TRX as a payment option on the Pornhub website is a step in the right direction in terms of TRX adoption on a global scale. This addition provides the much needed increased visibility of TRX which will in turn increase demand for the digital asset. Once demand goes up, its value automatically goes up and probably leading to a top 5 finish of TRX in 2018.
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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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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. One of the ways to have a successful…
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…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
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…
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