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Tron (TRX) elects a new super representative, TronSociety

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Tron

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.

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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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Bridge Mutual Announces Partnership with Plasma.Finance to Strengthen DeFi Insurance

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Bridge Mutual, a decentralized insurance provider, has announced a collaborative partnership with DeFi aggregator PlasmaPay and Plasma Finance allowing users to directly fund or provide liquidity through the Bridge ecosystem and the Plasma Finance platform.

Bridge Mutual will also use some of its own liquidity to start a PlasmaPay insurance pool, integrating shield mining in order to give users the chance to earn PPAY tokens as a reward for providing coverage to PlasmaPay. The result is an increase in users on the decentralized insurance platform for Bridge Mutual, and another dimension of safety for PlasmaPay and Plasma Finance users.

“This partnership will give both organizations the ability to expand operations into the other’s platform, a net benefit for two strong projects looking to optimize the DeFi market as a whole,” notes Ilia Maksimenka, PlasmaPay’s CEO, “Ease of use and access to insurance ultimately benefits users. By working together, Bridge Mutual and Plasma Finance take DeFi a step forward towards more reliable financial services on the blockchain.” 

Bridge Mutual CEO Mike Miglio adds, “The main focus of our partnerships is to increase the overall safety of the DeFi space by encouraging users to protect each other. Partnering with PlasmaPay was strategic in that users will be able to easily purchase or provide insurance directly from the Plasma Finance app where they manage all…

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Dignitas Joins Zytara Lineup, a Step Towards Uniting Esports and Blockchain

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Esports icon Dignitas has come together with fintech company Zytara to tackle payments and value transfer within esports using the DigitalBits blockchain.  

Dignitas’ partnership with Zytara is the first major alliance between esports and blockchain, a combination set to overhaul the esports’ financial mechanisms.  Zytara, a fintech launching a digital banking platform and payment network for gamers and esports enthusiasts, will leverage the DigitalBits blockchain to power the use of stablecoins and other digital assets.  

Despite their global scope, esports organizations still struggle with traditional payment rails.  Notably, Epic Games experienced difficulties distributing some of their $100 million prize pool for Fornite tournaments.  With esports growing rapidly, this is something that must be addressed, and it appears that Dignitas and Zytara are coming together to lead the charge.   

Dignitas has championed many firsts for the industry, being the first ever esports team to be acquired by an ownership group of a North American sports franchise, Harris Blitzer Sports & Entertainment (HBSE).  Dignitas would later go on to sign a first-of-its-kind sponsorship deal with Susquehanna International Group, LLP (SIG), one of the world’s largest proprietary trading firms.    

Zytara will issue a series of Dignitas-branded debit cards and app skins, featuring the…

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