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TRON announces generous Airdrop of 30m TRX for Ethereum community

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Tron

Tron has launched an airdrop for the Ethereum network community; the digital asset is still being tested and will be distributed to the Ethereum users soon. The TRX tokens airdrop will introduce 30M TRX project and show the advantages that people using the Ethereum network will get from the project.

If we recall, the Ethereum community has been very supportive to TRON during the ERC20 phase, and the company wishes to show their appreciation to the users by airdropping 30M TRX to them.

However, there is a catch — not an unfair one, though. The beneficially of this offer will be all active users of Ethereum network who will be having a balance of over 1E after 1st January 2018. The 30M TRX is worthy approximately USD$ 1.7M.

Advantages of TRON over Ethereum

Ethereum network has some challenges and limitations that TRON aims at rectifying. The new technology comes at a point when there has been a rivalry between Justin sun and Vitalik Buterin. Justin Sun, the founder of TRON, has recently been quoted claiming that TRON is way much better than Ethereum, but on the other hand, Vitalik Buterin feels that TRON does not have any creativity and is just an idea copied from Ethereum.

Diving into TRON’s 30m TRX airdrop deeper

It is projected that TRON will carry out more transactions than Ethereum, although some people feel that the features of TRON makes it easier and faster but do not take to account the efficiency of transactions. Subsequently, coming back to the TRON airdrop, all distribution of 30M TRX will be done automatically to the users of Etherium, and the customers will not be required to pay or provide any pin — now that’s a hint to users that they must not get trapped by scammers with this news later. The rewards given to the customers will range between 10 to 100 TRX tokens, which users could get converted to primary net tokens later.

Around 600,000 users will benefit from this rewards; this means that a significant portion of the outstanding 65 billion TRX tokens will remain unused. Subsequently, the owners of TRX tokens will have the right to participate in the various decision-making process such as voting of delegates and multiple types of nodes, although it is not entirely clear if the token owners will have interest in this project.

TRX at the moment

In regards to TRX’s current value, the news about the airdrop did not change the recovery of TRX market price much. There is recovery, but the recovery is still quite slow.

Currently, the market price of TRX is just above $0.05 (ranked 13th), but it is predicted that by the end of this year, the amount might rise as high as $1, which is a logic rate that has previously been attained by other projects such as Cardano (ADA) and Stellar (XLM). Indeed, if TRX can achieve the projected price of $ 1, considering it contains 65 billion tokens, it might displace Ripple (XRP). And become even the more successful project than Ethereum; now that’s way too far, right?

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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 Defence Images via Flickr

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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