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Tron (TRX) among the most promising blockchain projects out there, here’s why

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There’s not a doubt that TRON (TRX) has come a long way concerning its beginnings as an Initial Coin Offering (ICO) back in 2017. The company managed to surge to the top and become one of the most exciting projects in the industry in just a matter of months.

That’s a fact that is mainly attributed to the hard work of Justin Sun, a Chinese businessman considered to be one of the brightest minds in Asia and the whole world, not to mention that he is a former student of Alibaba’s Jack Ma.

Sun has characterized for being the closest with TRON’s community, or Tronics as he usually calls them. The CEO shares with Tronics all of the moves that involve the company regarding developments, partnerships, and upgrades.

And even though June 25th (when Tron got independence from Ethereum blockchain) seemed like the most important date for the company a few months ago, we understand now that this is just the beginning.

Despite the constant up and downs of the market, and the generalized downtrend of the year, it seems like TRON (TRX) is finally recovering from the blows that the crypto has received in the last months. Let’s discover the main facts as to why TRON is one of the best blockchain projects out there.

Mass adoption on the way

June 25th was the date the company finally got decouple from Ethereum protocols and launched its very own main net, Odyssey. Today, months later we realize that was actually not the ceiling for TRON. In fact, does TRON have a ceiling? Well, it doesn’t seem like, considering the post-mainnet projects, the TRON Virtual Machine, and The Super Representative Elections… And truth be told, it looks, Sun hasn’t even stopped there.

Not so long ago Vitalik Buterin, co-founder of Ethereum stated that the crypto verse doesn’t have space for a 1000 times growth anymore, a fact with which Sun clearly disagrees, he recently responded that all of the wealth was going to turn into cryptocurrencies very soon “like black hole and grow much bigger in the future”.

Like this, we can see how despite the downtrends of the market, Sun continues to have a positive sentiment regarding crypto, and that’s exactly what he shares as well with all of the Tronics out there.

He has continued developing projects to achieve its final goal of ‘decentralizing the internet’ and of course, to accomplish the ultimate goal for all of the cryptos which is mass adoption.

In this sense, one of the things that will help go to the masses is the latest addition of the TRX/USD pair by Bitrex which is going live on September 17th. This, along with the acquisition of BitTorrent, the biggest peer-to-peer Torrent platform in the world.

Sun plans to integrate both TRON and BitTorrent in a project dubbed Atlas that primarily seeks to reward everyone who uses the BitTorrent platform to share content with the 100 million users that the network has. The initiative will for sure increase flow of the crypto, and this will have a positive repercussion concerning prices.

As a matter of fact, the last days for TRON (TRX) has been pretty much positive being on the green with remarkable percentages of increase, an effect that has created a positive sentiment in the community. At the moment of writing, the TRX token prices at $0.019527, with a 2.73 percent of the increase in the last 24 hours.

Could TRON manage to maintain the hype? We can’t be sure about that, but the one thing we can count is that TRON continues to work towards achieving its goal, and the project remains focused on making it happen. So stay tuned.

Check out the new Global Coin Report YouTube channel as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

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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.

Photo by Scott Webb on Unsplash

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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