Tron (TRX) is riding the wave at the moment, and it has attracted the attention of big FinTech companies in the world today. The blockchain has also paved the way for innovations and, it is becoming the fastest growing cryptocurrency in the market today. Tron has acquired and produced numerous projects not only to benefit its ecosystem but its community too.
And now, a recent report by Diar says that project squads for the top 5 crypto organizations posses about 2.6 billion USD in their token holdings. The list includes IOTA, Cardano (ADA), Tron (TRX), NEO, and Tezos.
It is important to note that recently, the fifth set of TRX was burnt – about 1 billion ERC20 TRX tokens. After that, Tron CEO Justin Sun even decided to lock 33 billion TRX tokens until 2020.
According to the report by Diar, it has been noted that lots of Initial Coin Offerings that got created this year alone are struggling. The report notes,
“While Initial Coin Offerings (ICOs) have to date raised double in 2018 what they did last year, the controversial fund-raising vehicle is seeing its popularity diminish to select projects. Diar number crunching shows that 70% of tokens are now valued at less than what was raised during their ICO. And with tokens having no equity representation, markets have shrugged off cash-on-hand as part of an enterprise valuation”
Diar has also summarized that the activities of ICOs are to be tamed till the end of this year, with only seventeen of crypto projects finalizing their fundraising in August this year.
Tron Mass Adoption Rate Increases
A new open-source wallet that is built on Tron’s network known as TronWalletMe has just been released. The company that has produced this wallet also decided to run for Tron’s Super Representative. The firm made the following announcement through its official Twitter page:
“We are very excited to announce that TronWalletMe is running for Super Representative on the network of Tron (TRX).”
According to the company, “TronWallet is open-source beautiful, secure, simple, and powerful peer-to-peer digital currency wallet for Tron (TRX).” The wallet can now be used to send, receive, and vote on Tron’s network effectively.
Not too long ago, Tron also got adopted by a gaming platform which also runs on the Tron network: Intergalactic Gaming.
Tron (TRX) Recent Listings
Tron recently got succeeded to get two new trading pairs added to its ecosystem. Furthermore, Binance recently annexed TRX/USD on its platform, and TRX/BNB trading pairs will also begin on the platform.
Subsequently, as GlobalCoinReport reported recently, Bittrex Exchange also listed Tron by adding USD/TRX and USD/LTC pairs on its platform.
Tron has been listed on Kucoin, and TRX/USD trading pairs have also commenced on the platform.
Additionally, another famous crypto exchange BitBay listed Tron on its exchange platform, too. It is important to also note that BitBay boasts more than 80k users worldwide and it has now become the 3rd largest exchange in the crypto market. BitBay will now resume the withdrawals, deposits, and exchange of these trading pairs: TRX/EUR. TRX/USD. TRX/PLN, and TRX/BTC.
Tron is flourishing at the moment as it enjoys more usage and adoption from FinTech companies and notable exchanges in the crypto market.
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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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…
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 been…