Connect with us

Featured news

Tron (TRX) elects a new super representative, TronSociety

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

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.” 

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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

Reasons To Invest In Electroneum In 2019

Published

on

Electroneum
READ LATER - DOWNLOAD THIS POST AS PDF

2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

Continue Reading

Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

Published

on

Bitcoin ETF
READ LATER - DOWNLOAD THIS POST AS PDF

The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

Continue Reading

Blogs

TRON (TRX) Back In The Crypto Top 10

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

For three weeks now, the crypto market was in a free fall. There was one moment when it seemed like the coins are finally bouncing back, and Bitcoin managed to climb back to $4,200. However, this uptrend was only temporary, and the coins dropped once again as December started.

Not a lot of coins are doing well these days, and almost every single one is trading in the red. Bitcoin is currently priced at $3,864, and the total market cap of the crypto space is barely over $123 billion. As expected by many, the bearish trend is still active, and seemingly at full strength. However, there are a few coins in the vast crypto space that are actually managing to grow in these unfriendly conditions, with the most notable one being TRON.

TRON on the rise

At the time of writing, TRON is also trading in the red. Although, only hours ago, this was not the case. Even now, TRX is losing only around 0.50% of its value, while all other coins around it are dropping by 4-5% on average.

TRON’s increase, while it lasted, was not big. However, considering the current state of the market, it was easily enough for the coin to make a big step, and actually improve its position on the list of largest cryptos. After months of waiting at the 11th spot,…

Continue Reading

Elite