Connect with us

Blogs

TRON announces generous Airdrop of 30m TRX for Ethereum community

Published

on

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?

For the latest cryptocurrency news, join our Telegram!

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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

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…

Continue Reading

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

on

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…

Continue Reading

Altcoins

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

Published

on

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…

Continue Reading

Trending