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TRON announces generous Airdrop of 30m TRX for Ethereum community

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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.

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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