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Stellar’s XLM or EOS? Which one to pick in the long-run?

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Stellar XLM EOS

If you’ve been aware of the cryptocurrency markets over the last six months, you surely know it’s been a roller coaster. A bearish spell follows a bullish one and all coins have been going up and down in a way that can only be described as surrealistic.

A few coins have been able to perform against the market and keep their momentum going despite the overall trends. Both EOS and XLM managed to do that last April, which would be a good reason to pay them a little more attention and consider them as long-term assets since they’ve have been trading in the green even at times when most other coins have not. So if you need to choose one, which one should it be? Let’s compare them briefly and figure out which should be considered seriously if it came to that.

Market capitalizations and prices

CoinMarketCap has EOS listed at fifth place with a $9,379,817,505 capitalization, and the digital currency is trading at $10.4668 (1.49% increase in value within last 24 hours) at the time I write this. 

Stellar is seventh, capitalized at $4,316,011,993 and valued at $0.23193 (0.81% value increase if we talk about last 24 hours). So Stellar is not as big yet, but it’s way cheaper, and that has advantages in its own because it allows to get it in bulk.

Outlook

EOS launched its Main Net earlier this month (called EOSIO) which will see it break free from the Ethereum ecosystem. It had to deal with a few issues as the launch happened, but they solved them, and the brand new Main Net is all about the long-term and becoming an entirely independent dApp platform instead of just another coin in the market.

EOS’ goal is to make the whole crypto universe cheaper, easier to use, more reliable and quicker while providing a blockchain based operating system that can support real-time applications of any kind. There are doubts about its long-term viability, but they’re on the right track, and the Main Net success is a massive step in the right direction.

Stellar is a different animal. It doesn’t aim to solve a wide variety of general problems but a single one: international transactions for the world’s international financial institutions that are still using the SWIFT system to settle payments across borders.

It’s a massive piece of the world’s financial industry, and Stellar was designed from the beginning to tackle this problem in particular. While it faces some serious competition from Ripple (which also plans to do exactly this as well), Stellar (XLM) has also acquired IBM’s support which could go a long way in making it credible for financial institutions the world over.

So you have a one-trick pony against a jack of all trades and, even worse, the one trick pony has a low trade volume that seems to imply it needs much better marketing, right? While that is true, you shouldn’t forget that specialization always pays off and Stellar has the tech and the partnerships that could see it surpass even Ripple, not just EOS.

Final thoughts

Both EOS and Stellar (XLM) are not just cryptocurrencies, but full-fledged blockchain projects and they are both excellent long-term investments for opposite reasons. They are complementary. 

One seeks to provide a full blockchain OS that can be used to solve any problem that can be solved by the blockchain technology while the other one wants to get a single problem right, better than everybody else. And there’s reason to believe they could both get their way.

So you shouldn’t go wrong by picking any of them but if you want to pay attention to the subtler points in the crypto world, then take into account IBM’s involvement with Stellar. They will be issuing their first currency using Stellar’s technology to create a carbon credit market worldwide while EOS’ most crucial application is an email service for now.

Whatever you do, make sure to do your homework, so you make an informed choice.

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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 Pxhere.com

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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