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Stay bullish on Tron (TRX): Here are three reasons why

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Tron TRX

Tron’s Tronix currency is currently at $0.03941, even though its valued increased excellently in the last couple of days, but still, it’s way down from where it was last January. But that’s not a problem inherent to Tron or Tronix (TRX) but to the whole market. Every single coin has lost a lot of ground during the year. But some of them are undervalued, and some other could be at their correct level.

Tronix (TRX) is among the most undervalued digital assets in the world, but it holds a lot of promise in long-term. It’s doing everything right, and it will go through the roof sooner or later. So there’s every reason to stay bullish about it but, just to keep things short and readable, I will give you only three.

The Main Net is here, and it works

After months of anticipation Tron’s new Main Net was launched and it was a resounding success. EOS also released its new Main Net around the same time, but there was a vast difference between both launches: Tron’s went smoothly, and EOS was a colossal mess, plagued with bugs and flaws, so it had to be delayed several times over.

It’s not just that it works. Users have attested after the launch that the new platform delivers on all of the promises Justin Sun made way before the release date. Let’s remember that when Mr. Sun tweeted the features and specifications, the new Main Net would feature he didn’t only face a lot of skepticism, but he was also mocked and attacked, primarily by the leaders of other blockchain projects who claimed that those specifications were either impossible or just too good to be true.

Ethereum took particular offense to that. Now users are tweeting about how fast, how reliable and how cheap everything is. They are vindicating every single promise Mr. Sun made. This fantastic success will boost Mr. Sun credibility, the foundation’s, and the coin’s.

One more thing to consider is that the new Main Net’s job is not just to support the TRX currency but also to be a blockchain operating system that enables developers to create decentralized applications. This is not to be underestimated as good apps will bring about new users that will be using and demanding Tronix either implicitly or explicitly.

Tron’s new platform has been great news however you might want to look at it yourself.

Justin Sun

The Tron Foundation has been around since last September only and in that short time its founder and CEO, Justin Sun is already considered one of the (if not only) most charismatic and relevant leader in the cryptosphere.

His track record as a businessman is beyond doubt. He founded Peiwo which is the most popular messaging application in China and some other Asian regions. He’s a close friend of Alibaba’s Jack Ma, who was his teacher and protector at his own university.

Mr. Ma has an instinct for flare and marketing that is simply unmatched by any other leader in the blockchain community. The perfect mix of power nerd and entrepreneur. But more importantly: so far, Justin Sun has delivered on every single promise he’s made, and some of them were incredibly bold and seemed like just a marketing ploy. They weren’t.

There’s every reason to believe that Mr. Sun’s leadership will keep the already enthusiastic Tron community tight and happy, and the project moving on.

Rest assured that TRX’s price will go up sooner or later if Justin Sun in person has to drag it there.

The Tron community

Did you know that TRX is currently held by more than 426,000 people in sixty different countries? The community is vast, more significant than most others but that’s not all. It’s united, it’s enthusiastic, They are all using the TRX coin in trades and to pay for goods and services (if possible) because they understand that such is the way in which a project like this can really take off big time.

The sheer size of this community implies that the Tron blockchain will never be short of developers and new decentralized apps and as those apps get released and prove their usefulness that, in turn, will bring about new community members and demand for the TRX asset.

This is the kind of digital community that can keep a project going when things stall, but also to make it incredibly prosperous when things go their way. 

So don’t let appearances deceive you. Tron’s current low price (yes it increased in the last couple of days but it is still undervalued) is not a sign of failure, it’s an opportunity to get into the game at the best possible moment.

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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 Maxpixel.net

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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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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