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TRON dApp Popularity Surges: A Million Transactions In 24 Hours

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TRON

As its next project on a goal to decentralize the web, the TRON Foundation launched a TRC20 exchange earlier this week. The exchange is a place for an easy and quick exchange of tokens created on top of TRON’s own blockchain. TRC20 exchange is located at TRX.market, while TRC10 is still on Tronscan, which is TRON ecosystem’s information service and a primary block explorer.

Both TRC10 and TRC20 are TRON’s own version of ERC-20 tokens, which TRX itself used to be prior to the launch of its own MainNet earlier this year. The only real difference between them is that TRC10 tokens, as user-issued tokens, do not require the creation of a smart contract. TRC20 tokens, on the other hand, provide the power and functionalities of a token system based on smart contracts. In fact, TRC20 is quite similar to ERC20 in that regard.

All that users need to do in order to issue a TRC10 token is to own 1024 TRX. At the time of writing, the price of a single TRX coin is at $0.012722, which means that the price of issuing a TRC10 token is about $13.

Furthermore, TRON already offers numerous dApps that were created on top of its blockchain in the last several months. Thanks to these dApps, TRON’s ecosystem remains busy and more lively than ever, despite the coin’s low price and a constant bear market. In fact, the Foundation has measured a 48% boost in usage during the last week.

As a result, last week, the number of TRX transactions has exceeded 1 million in a single day. TRX trading volume was measured at 640 million TRX during the same occasion, which is a 151% increase when compared to the week before.

Among TRON’s most interesting projects is Seedit, which is a platform that allows users to tip content creators and show their appreciation for content creators’ hard work. Another big project, named Project Atlas, is expected to provide users with an incentive to seed content on BitTorrent, which TRON purchased in July 2018.

Is Ethereum under-used?

Prior to TRON dApps, Ethereum was the leading project in terms of dApp popularity. However, according to statistics, Ethereum is not even close to approaching the amounts of usage that TRON is currently experiencing. However, there are several other factors apart from simple lack of popularity. One example is that Ethereum blockchain has several sub-platforms that were created on top of it, and that does not contribute to the dApp activity. In other words, there is more activity on ETH than it seems at first glance, but TRON is still the leading project at the moment.

However, it should also be noted that not all token activity comes from dApps. BAT, for example, is not a dApp, but it still has thousands of token transactions per hour. The same is true for BNB. Simply put, Ethereum is certainly not under-used. The fact is that it simply lacks “killer dApps” that TRON has managed to create and offer.

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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

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. One of the ways to have a successful trading…

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Altcoins

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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Altcoins

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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