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Tron 101: The cryptocurrency of the future
Innovation in the cryptocurrency world is a path to follow, that is why every day we see more and more updates made on all the cryptocurrencies we know, or even better, more cryptocurrencies are developed with amazing characteristics and attributes that let us wanting for more.
Like such is the case of Tron, a recently born yet incredibly emerging cryptocurrency with one of the greater current attributes in the market. It was developed at the end of the last year by Justin Sun, the CEO of the company; and since its launch has experienced some outstanding behaviors.
The digital coin was explicitly designed to be a solution regarding the internet transparency, intending as such to provide its users with a more open and clean interaction with the crypto-related assets.
Furthermore, the coin has experienced an amazingly ascending behavior within the first months, proving in the crypto world that no matter how new, it is possible to have an exponential growth; and sure they did, raising in a 12,600 percent in just 30 days.
Regarding the growth of the currency, it is believed that a significant part of this peak was caused by the novelty of the coin, which is why later a significant decreasing occurred letting the cryptocurrency on a trading price of $0.02. However, this was only until yesterday when the digital coin, again, experienced another significant rise of a 30 percent.
Like this results clear that the coin hasn’t been very stable lately, but despite the volatility, it is becoming very popular one, and more people are joining the new cryptocurrency as consolidated users. Regarding this, the cryptocurrency hub, Independent Republic, stated:
“It sets out do this with data liberation: free and uncontrolled data. Enabling an ecosystem where users can obtain digital assets from content spreading cuts out the need for third-party sites we value so high today – and this is what makes this so revolutionary. It is no surprise that Tron has seen rapid growth this past week. While more FUD seems to come into the market every day, it is times like this where we can see that the proof is simply in the pudding”.
In other words, Tron attributes are very appreciable, in fact, one of the things that make Tron so unique is the opportunity given to its users of accessing to a decentralized trading platform where they can successfully and efficiently complete hosting media projects; and the best of all, no middleman is needed.
Besides, other mediums like academic contents, images, videos, and others could be accessed on Tron’s platform, which will reduce the paywalls used in several media sites today. To sum up, what’s making Tron so interesting these days is that in spite of its slender value in the market, it’s already ranked as one the 20 most important cryptocurrencies worldwide.
Its users are putting a bet on the coin, even anxiously waiting for a full version released which they could interact adequately, which doubtlessly suggest a potential growth for the coin in the next few months. Moreover, the cryptocurrency ensures the users a platform with utilities never seen before and the opportunity of making of the internet a more straightforward and friendly place to interact with.
We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!
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 #tom #malavoda via Flickr
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
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…
Altcoins
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 (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…
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