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Tron (TRX) elects a new super representative, TronSociety

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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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IOTA
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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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