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Trezor Prepares to Add Support for Cardano (ADA)

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Cardano

IOHK, the technology and engineering company based in Hong Kong, has recently confirmed that a well-known hardware wallet called Trezor will soon add support for Cardano (ADA).

Cardano to get Trezor support before November

IOHK’s Charles Hoskinson, who is also the founder of ADA cryptocurrency, personally tweeted this announcement while drawing attention to Trezor’s roadmap.

According to Hoskinson, support for Cardano on Trezor wallets should arrive before November, which leaves only two more days. Trezor, which is a hardware wallet used by cryptocurrency holders around the world, is currently undergoing preparations for adding not only ADA but several other coins as well. These include currencies like Monero, Ripple, ZCash, Zencash, as well as Stellar.

This represents a big move for Cardano, as its coin will now receive a massive security boost. Trezor’s hard wallets will allow users to have a new cold storage for Cardano, and increase the coin’s security. Due to their nature, hardware wallets are impossible to hack from afar, and any potential invader would have to gain physical access to the device in order to steal digital assets from it.

The support for Cardano was announced shortly after ADA got listed on platforms like eToro and OKEx. Receiving such important listings in a brief amount of time is one of the signs that exchanges and wallets believe that this coin has potential. As such, Cardano is expected to attract even more attention before the year ends.

This is not all that awaits Cardano

While Cardano is still relatively young coin, it became known as a currency that likes to take its time. However, it is also a coin that likes to think big. Apart from new listings and Trezor support, Cardano is set to receive a new update called Shelley.

Shelley was announced in late August of this year, and it is supposed to make Cardano fully decentralized and autonomous system. It will implement Ouroboros delegation, consensus, multi-signature transactions, light client mode, incentive fees, and a lot more. This is a big upgrade that has a lot of Cardano supporters excited, as it will bring numerous new features and improvements to the coin’s network.

While many expect Shelley to spark a new price surge, Cardano fans are also expecting the same from Trezor listing. Even though the coin is only one step away from being officially supported by Trezor, no large price surge has arrived as of yet. Right now, Cardano is managing to maintain a fragile balance, with its price going up and down by only a fraction of a cent. At the time of writing, ADA’s price is at $0.072433 per coin, and the coin seems ready to spike up at any 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.

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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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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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3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

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Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

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