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Tron (TRX) elects a new super representative, TronSociety

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Tron
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There have been so many candidates on Tron (TRX)’s network vouching for the post of Super Representative, but not all get selected. In a bid to get the right ones, Tron encourages its community to vote for Super Representatives that will be beneficial to its ecosystem and get free TRX in return. So far, lots of Tron users have been voting and lately; as a result, a new Super Representative got added to Tron’s network today, dubbed as TronSociety.

Super Representatives help to add more value to Tron’s ecosystem and the elected ones are doing just that. TronSociety is one of the new Super Representatives and is led by Marius Gill. It is a community of young people interested in the growth of Tron’s network.

TronSociety is a fast growing community that formerly had 260 members, but at the moment, it has more than 700 members in the group. After getting elected, the society tweeted on its official Twitter page:

TronSociety had a good number of votes (more than 90 million votes) tipping it to be a Super Representative of Tron. Voters have elected TronSociety to be a Super Representative not because of the rewards they will get in return, but for the value the society will add to Sun-led blockchain’s ecosystem. Also, the Tron Society stated during an interview:

“While we are working on developing new projects, interacting and working with the community is the most important thing for us.”

TronSociety 101

Marius Gill founded Tronsociety at the age of thirteen. He took part in the Tron Wallet Project and won the competition. Tron has had the quest to develop its network and talented people like Marius Gill have been added to boost its ecosystem. Interesting, the Tron Wallet by Gill is a multi-functional wallet that does not make use of Tronscan API to perform.

However, that has made the wallet very functional and without any issue so far; this wallet has captured a decent number of downloads on Google Play store. Also, Tron Foundation has really been fascinated by Gill’s project and has given him a loan of USD 100,000 to develop the iOS version of the wallet. After getting aid from the blockchain firm, Gill open-sourced the developmental stages of the Dapp and said,

The chance of getting an award is less important to me than getting involved and sharing vital moments with peers in the Tron community so that I get more time for test and optimization. To get it better. That’s more reason why I made an open-source earlier on.”

Incentive to voters

After being elected as one of Tron’s Super Representatives, the newly-elected Tron Society has stated that it will give regular rewards in the first month of being a Super Representative. TronSociety tweeted:

“[…] go to our website to check the approximate reward, but we can’t promise the exact amount: www.tron-society.com.” 

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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.

Image courtesy of Pixabay

Altcoins

Positive Crypto Price Trend Moves VeChain (VET)

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VeChain
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As many are likely aware of, the previous twelve months were not particularly friendly to cryptocurrencies, and there were two major market crashes since January 2018. However, it could be that investors’ wishes are finally coming true, as the market is currently seeing actual gains. While there is still no certainty regarding this behavior, investors around the world are finding the current development to be quite refreshing.

One interesting development that was noticed these days is the increase of VeChain’s price, which is seeing minor gains at this time.

VeChain (VET) price grows

While most cryptocurrencies experienced some extreme ups and downs during their lifetime, VeChain is usually surprisingly unaffected by the market’s behavior. In fact, its price chart typically shows no major changes, and it seems pretty flat in comparison to other cryptocurrencies.

While this may be a good thing, as the lack of volatility means that the coin is more stable than most, the fact that the price is usually not affected makes the current gains that much more peculiar.

In the last 24 hours, VeChain’s price has grown by 2.16%, placing its value at $0.00401120 at the time of writing. The growth is minor, and the coin’s value only increased by a fraction of a cent, but this is still not typical behavior for this cryptocurrency, which attracted the attention of analysts and investors…

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Altcoins

SOLVE Token Could Be A Huge Long-Term Winner

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Solve.Care
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A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount…

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Bitcoin

Why Chinese New Year Affects Bitcoin (BTC)

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Bitcoin
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Bitcoin (BTC) lost about $100 in value in the last week, and, while reasons behind the drop in crypto prices can often be hidden and unclear — this time, that is not the case. The reason for this drop is believed to be the celebration of the Chinese New Year.

The New Year celebration was over more than a month ago for most of the modern world. However, things are a bit different in China. This is a country which is considered to be one of the oldest ones in the world, with a long and complex history. The country’s traditions are fascinating to many around the world, as so many of them are different from western culture. One of these traditions is the Chinese New Year.

The New Year celebrations in China start on January 28th, which was a week ago. The New Year itself is today, February 5th, although the celebrations and festivities are going to last until February 19th. For the people of China, and all those around the world who follow the country’s tradition, this is the time to relax, take a break, and perhaps travel and visit friends and family. But, what does it have to do with Bitcoin?

China and Bitcoin

Those who are new to the world of cryptocurrencies have likely already heard many stories about China banning Bitcoin trading and…

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