Amongst a large number of cryptocurrencies that exist in the market at the moment (circa 1800), TRON has been making its mark since it was first tokenized after raising a considerable amount of money as an ICO (Initial Coin Offering). As of this moment (March 22nd, 2018), TRON holds the 14th position on Coinmarketcap.com, with a market cap of nearly 2.5 billion USD. Hence there is no doubt about the amount of popularity this cryptocurrency was able to achieve since its introduction to the market a few months ago.
The main objective behind the development of TRON was to bring a radical change in the world of online media content by offering an ingenious decentralized platform that uses a combination of blockchain and peer-to-peer technology and makes entertainment contents around the world accessible to its users. In a world, where the entertainment and online media consume a large portion of an individual’s life, this initiative taken by TRON was deemed to be extremely effective.
Social media platforms like Facebook, Twitter, Instagram, etc. have become an inextricable part of human life nowadays. But still, all of these platforms are unable to cater to all of the requirements to their users. TRON’s blockchain protocol, on the other hand, aspires to be a perfect and an unimpeachable alternative to these websites. Here, a few aspects regarding this cryptocurrency would be discussed which will help you figure out why TRON can become a suitable social media alternative.
Collaboration with Gaming Industry:
Even before it was tokenized, the developers of TRON mentioned about its inclination towards gaming platforms and technology in its published whitepaper. According to this whitepaper, TRON is likely to develop an ingenious gaming platform in its fifth stage named Star Trek. The gaming platform would be similar to Augur, another well-known gaming platform. However, in its current Exodus stage, this cryptocurrency is collaborating with various gaming industries to strengthen its grasp on the cryptocurrency market.
- Collaboration with BitGuild: Among the recent events, TRON involving itself in a strategic partnership with the renowned gaming industry BitGuild has made a pivotal impact on the entire market. The main objective of this strategic collaboration is to offer the TRX holders a sui generis combination of blockchain and gaming platform that they can use to purchase in-game items safely. This partnership is also likely to provide the opportunity to regain the ownership in the virtual world of gaming. The announcement of this partnership had an instantaneous impact on TRON’s individual price and market capitalization. If this collaboration lasts, it can make TRON’s position nearly unassailable in the world of entertainment and gaming.
- Partnership with Xu Le and Game.Com: On January 3rd, 2018, TRON’s founder Justin Sun first announced the news of this partnership on his personal Twitter account. Both of these gaming portals are dedicated to growing the overall gaming industry through the usage of various cryptocurrencies as a valid medium of transaction and payment. As a result, the blockchain technology of TRON and its cryptocurrency TRX have been extremely compatible to both of these platforms. Because of this partnership, the utility of TRX among gamers has increased considerably.
Due to these partnerships, the transaction of TRX token could have implication through the entire network in future. Being successful at a certain stage of a game could lead to winning rewards and carrying them over to other stages of the game. In consequence, both transaction and the circulation of this cryptocurrency would escalate significantly.
Digital Ownership and Media Publications:
Besides taking initiatives to make useful contributions to the gaming world, this blockchain protocol is also gradually bolstering its grip on media publication. It endeavors to make media contents like scholastic publications, online books, pictures, videos, and much more accessible to its users by creating a constant network for direct publication and direct ownership. Furthermore, TRON can also be used for academic endeavors as well. Educational institutions can use this cryptocurrency for online courses and classes for the betterment of their students.
Vis-à-Vis with Social Media:
Recently, Facebook, a social media giant banned all cryptocurrency ads from its platform as an initiative to avoid scams and other malicious activities. Google followed the same path as well for similar reasons. TRON’s development was based on providing an alternative solution for popular websites like this. With an efficient technical team behind its development, TRON is likely to combine three essential entities such as a commercial transaction, distribution, and social sharing for its users all around the globe. As for the recent security concerns, TRON’s platform has proven to be impregnable for hackers unlike other cryptocurrencies in the market. Although it is impossible to foresee the future of any digital currency because of the market volatility, from the above factors, it can be concluded that TRON has certainly the potential to become a David against the Goliaths like Facebook or Twitter.
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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.
Image courtesy of visioncreation.co.uk
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
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…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
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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