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The Stellar Lumens team announces Stellar Build Challenge for further platform development




To the casual trader or crypto enthusiast, Stellar is not as exciting a cryptocurrency project as some of the big time players like Bitcoin, Ripple, and Ethereum. Stellar, after all, might seem to be shedding some of its gains made earlier last month. However, if the price movement for XLM is anything to go by, Stellar is actually performing well, perhaps even better especially when compared to Bitcoin.

Stellar Lumens currently sits at position 7 on CoinMarketCap with a market capitalization of about $5 billion. Compared to Bitcoin $100 billion, that’s a far cry, but the Stellar’s community has been growing stronger with initiatives that are community-centric and solutions-oriented.

The 7th edition of the Stellar Build Challenge

In fact, stellar has been fast-tracking the development of its platform with the announcement of the 7th Stellar Build Challenge that has made the XLM community excited about contributing to the project. The stellar team announced the event which has so far been held six times as a community-driven challenge set up by the Stellar Lumens team.

Goals of the challenge

The overall goals of the 7th edition of the Stellar Build Challenge are about enabling collaboration and building solutions. In fact, previous challenges have resulted to pretty important submissions such as the Senseo Stellar iOS SDK client library and the Horizon API (an exchange platform built by the community). Another important submission that even became a feature of Stellar’s platform as a result of the challenge is the Stellar support protocol for the Nano S ledger wallets.

Basically, the Stellar Build challenge has resulted in a variety of notable innovations and community-oriented solutions which is a great thing. The challenge allows participants to not only work hand in hand with the stellar team of developers but also enables the creation of open-source projects that make Stellar’s ecosystem better.

What it entails

For this edition, Stellar will be looking for developers who can work on expanding the project’s functionality, improve user experience and even enhance some of the features to mention but a few.  From next month, June 1st to be specific, participants will be able to submit their projects by announcing it on The form submission process will continue all the way until August 15th and winners will be announced on 30th the same month.

The awarding process will be based on merit and the judges will consist of developers from the Stellar Development Foundation. Jed McCaleb (the CTO of stellar) will make the final decision on the winners. With previous challenges, winners managed to walk away with thousands of XLM tokens in rewards. It will be exciting to see the Incentives for participation that will be included in this edition.  After all, participants will have an opportunity to collaborate directly with the Stellar team of developers, which is a good thing.

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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.

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



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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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( 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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My Crypto Heroes Announces Issuance of MCH Governance Token



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:

During December 2020 the first governance…

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