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Qtum (QTUM) Surges Thanks To New Strategic Partnership

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In the world of the blockchain, strategic partnerships have grown to become one of the most popular ways to achieve mass adoption. Over time, blockchains managed to redefine this trend over and over again. By following it, cryptocurrency Qtum (QTUM) managed to grow and climb to top 30 digital assets within only a year.

Qtum partners up with AWS

In the past, QTUM partnered up with some of the biggest e-commerce companies out there, which is what originally placed it on the map. Now, the coin has partnered up with Amazon Web Series (AWS), and the results are already obvious, with Qtum price currently growing by over 10%.

According to new reports, AWS will work with QTUM on developing strategies regarding the creation of BaaS. The goal right now is to achieve a foundation for enterprise-grade solutions, which is to be achieved through collaboration between the two entities. This is exactly what AWS currently needs since even its customers requested services based on BaaS model.

Qtum, as many are already aware of, is a platform dedicated to smart contract development. This makes it a perfect partner for AWS since its customers will gain the ability to create and deploy AMI-supported smart contracts. The AMI (Amazon Machine Image) comes with an already-integrated Qtum Core.

Additionally, the efficiency and cost will be improved through the use of Qmix web IDE and Solidity. The platform is expected to eventually grow and provide both entities with the ability to offer services specially made to suit the users, enterprise customers, and developers alike.

Why is the partnership important?

Right now, Qtum has over 5,000 nodes located around the world. This places its network in a perfect position to partner up with AWS. Furthermore, Qtum claims that its network can launch a new node in only 2 minutes. Not only that, but all of its libraries and basic tools dedicated to development are fully-functional, and its use of PoS algorithm will reduce computational obstacles, and improve scalability.

Additionally, the Qtum platform also supports AWS EC2 instances. However, users will also have the ability to create broad-based applications due to the fact that Qtum is a hybrid platform. This means that it merges Bitcoin-like blockchain with EVM (Ethereum Virtual Machine) through AAL (Account Attraction Layering).

Obviously, a partnership like this is a big move for Qtum. Miguel Palencia, the CIO of Qtum Foundation, stated that the partnership will provide powerful cloud-based solutions that will be easy to use. Anyone, whether they are large companies or individual users, will have an opportunity to create dApps on Qtum platform. Additionally, the platform will also serve as a staking node.

The partnership has been part of the two entities’ discussions since April 2018. Now that it has finally arrived, it will make Qtum the first blockchain-based platform to partner up with AWS. Because of that, Qtup experienced a 10.94% increase in value, with its price currently being at $4.49. Qtum has already performed rather well in the last several weeks, and with the new development, many expect this trend to continue.

Please feel free to email us at any time with any questions at info@globalcoinreport.com. We will keep our members updated.

Happy Trading!

Disclaimer: This newsletter 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.

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

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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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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