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Reasons Why the Month of April Can Change The Future Of TRON (TRX)

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TRX

Among the eighteen hundred cryptocurrencies that are currently traded in the cryptocurrency market, TRON is certainly one of the most popular ones in terms of total circulation as well as market capitalization. Since its tokenization from ICO by the end of 2017, Tronix or TRX, the official cryptocurrency of this blockchain protocol, has been chosen by several investors across the globe for mining and trading purposes due to its ingenious features. The future plans and stratagems of this cryptocurrency have been extensively mentioned in TRON’s whitepaper and are meticulously distributed over the next five years i.e. until 2023. The whitepaper provides a definitive goal for this cryptocurrency to its users and eliminates the uncertainty factor.

As for this month, i.e. the month of April, TRON has already undergone some significant changes and developments that are likely to make an indelible impression on this coin’s future. Also, this popular Ethereum based ERC-20 token experiences major developmental updates every week to make this coin even more convenient to its users.

Here, some major incidents regarding this digital currency would be discussed to establish the fact why the month of April is going to be pivotally important for TRON.

Recent and Imminent TRON Events:

a. Testnet Launch: On 31st March 2018, TRON’s founder Justin Sun officially announced the launch of TRON’s testnet. This launch is indubitably the first step for TRON to become an efficient decentralized entertainment ecosystem. The sole purpose behind the development of this digital currency was to provide entertainment content to its users without the intervention of popular websites like Google. Despite the fact that TRX is still in its initial Exodus stage, this launching is likely to revolutionize the distribution of entertainment content all across the globe. As an immediate result of this launch, TRON’s price surged by 8% within a couple of hours. For other coins, it usually takes weeks or even months to achieve such an increase. Depending on this trend, speculators are expecting a very lucrative month of April for this currency.

b. Availability on CoinFlip: CoinFlip is unarguably one of the most renowned cryptocurrency ATMs that are used by traders worldwide. It is a US-based cryptocurrency ATM that has been supplying a few cryptocurrencies (predominantly Bitcoin) to the crypto-traders through its multiple terminals. On 2nd of April, CoinFlip started supporting TRON along with its previously existing list of Litecoin, Ethereum, and Bitcoin. This phenomenon is likely to increase the accessibility of TRX to its users considerably, eventually increasing its circulation and popularity. Besides, being available with the leading currencies of the crypto market is likely to assist in increasing TRON’s individual coin price and overall market capitalization. Due to this incident, now TRON can be purchased by cash in 57 different locations of the United States.

c. Implementation of the Voting Option: The voting option is likely to be implemented on this blockchain protocol in April after TRON’s development team finishes debugging the API. This new upgrade would increase the functionality of TRX considerably as the TRON users and other interested traders would be able to vote for certain issues such as listing in certain exchanges or implementation of new features. Also, within this month, the development team behind TRON is likely to finish the debugging of Fork logic as well as improving the blockchain explorer.

Other Initiatives:

TRON has already partnered with BitGuild which clearly indicates its inclination towards online gaming industry. Also, according to TRON’s published roadmap, this cryptocurrency is likely to get involved in several other partnerships along with initiating other media and academic endeavors.

Final Thoughts:

After experiencing a surge of 8% by the beginning of April, TRON’s current price is now tantamount to $0.035 approximately which indicates a conspicuous upward trend. The current market capitalization is circa $2.3 Billion USD (on 3rd April 2018).

The way this month started, the April of 2018 is going to be a very important month for TRX. If this currency is able to achieve all of its goals within this month, it can be the stepping stone for TRON to become an efficient entertainment ecosystem in future.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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.

Image courtesy of Tom Wolf via Flickr

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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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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