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TRON Celebrates Burning Over Half a Billion Tokens

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TRON

TRON (TRX) torched another round of its old tokens, bound to Ethereum’s network. Additionally, its new wallet finally got on the iOS App Store.

TRON team celebrates new progress

TRON (TRX) has become known for two things — making significant progress, and for burning significant amounts of its ERC-20 leftover coins. Right now, TRX has done both, almost at the same time. They just torched more than half a billion (670,045,551) tokens, but they did so in celebration of having their TronWallet finally appear on the App Store.

This usually wouldn’t be a cause for that much celebration, right? After all, the TRON team is nothing if not experienced and professional, so why is it that a wallet launch requires celebration and attention?

The team started the wallet’s development with a goal of publishing it for both, Android and iOS. Soon after that, they started running into obstacles that eventually led them to a crossroad. As their Medium post says, the team had to make a compromise — either to go down the multi-platform road as planned, or they would have to give up on these early goals and focus on the faster release.

Eventually, they chose to go with the latter, and the TronWallet was created for Android first. In the meanwhile, the team was trying to figure out how to fix the issues with iOS, so that the wallet can become available for Apple users as well.

Soon enough, the 1.0 release for the App Store was ready, although it was only a reduced version of the wallet created for Android. This was all back in July of this year, with the submission finally happening on July 22. This is when the second large issue emerged. The team had to wait for 30 days to have their app reviewed and possibly accepted. This was very discouraging, especially since all of their previous app publications were reviewed and approved much faster. Needless to say, the team was anxiously awaiting the news, hoping that they would be good ones.

The app was finally approved

A month later, Apple finally cleared the wallet and posted it to the App Store. However, the story does not end there, and the team continued to work on improving the app. As of right now, the iOS version of TronWallet will no longer be a reduced copy of what Android has to offer. Instead, it will be it’s equal and will offer numerous features.

Those will include the elimination of the need for signups and logins, local secret encryption with an addition of a PIN, the support for all TRON network operations (minus the ‘create token’ one), the possibility of multiple accounts, push notifications, and more.

Obviously, the team he put a lot of work into trying to please Apple, not to mention that the entire previous month was a nervous one, due to the extended approval period. However, the app went through, the team made it better, and the Apple users now have everything that Android users have. With all of that put together, it is clear why TRON believes that this development is a cause for celebration.

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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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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

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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…

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