Connect with us

Blogs

TRON Makes Grand Entry in the Gaming Industry with BitGuild Partnership

Published

on

BitGuild
READ LATER - DOWNLOAD THIS POST AS PDF

Correlation Between Gaming and Blockchain Technology

The idea of collaboration between Gaming and blockchain technology have stirred the gaming market. Cryptocurrencies have fuelled gamers’ enthusiasm by offering means to buy in-game items using digital tokens. The option or feature of buying in-game items with real money has been there for quite some time but due to its risky nature, a huge number of alert gamers have avoided it. This flaw formed due to the duplicators, scammers have long attracted blockchain enthusiasts. With the help of blockchain, users can retain ownership of in-game items and through transparently secure transactions, blockchain could perfect the feature completely.

  • Direct Advantages of the Partnership

In this scenario, TRON has accelerated the revolution by announcing a strategic partnership with BitGuild which is in the blockchain gaming industry. It’s owned by gaming and cryptocurrency expert Jared, the founder of gaming platform ‘Reality Squared Games’ and live video game streaming platform ‘Livestar’ (in the year of 2016). Jared has been a dedicated virtual currency and gaming aficionado since 2009 when he founded the first virtual currency consulting firm called ‘Niubility’ in 2009. Through this daring partnership, TRON has made a concrete standing in the entertainment world through online gaming territory.

  • The Aim of the Collaboration

The aim is to provide freedom to the entertainment industry from the influence of middleman who exists between a gaming artist and player whilst transference of digital assets. This new team-up between TRON and BitGuild is supposed to allow gamers buy in-game items with TRONix(TRX) safely and get back the ownership of its use in game worlds however they please. Now, it’s possible for a user to receive an epic item/loot in the game and then either transfer it to some other user or keep it saved if they wish so that TRON’s blockchain technology will eliminate even the remote chances of fraud, misuse, and scams.

  • About TRON and BitGuild

According to TRON’s founder and CEO, Justin Sun, “the company has always prioritized online gaming at the core of online development” and it became evident when they declared the upcoming blockchain projects in cooperation with BitGuild. TRON has always been in the limelight owing to its stable and incessant growth. The currency is ranked as 15th top digital currency in the market according to Coinmarketcap.com and its total market cap is nearly $3.4 Billion while it’s total circulating supply rests at 66 Billion TRX as per the Coinmarketcap data at the time of writing this article. (16th March 2018)

  • TRON’s Aim

TRON’s blockchain based protocol is all set to create an independent content entertainment system with the aid of its unique distributed storage technology. The former chief representative for Greater China of Ripple, Justin Sun is smartly transforming TRON’s goals from whitepaper to real events. With their recent Main net launch update dubbed as ‘Exodus’, the company has cleared their target of becoming one of the most formidable digital currency in the market ruled by Bitcoin, Ethereum, and Ripple.

loading...
  • What to Expect from TRON and BitGuild?

Through this partnership, BitGuild is about to offer exclusive in-game assets to the TRON community as limited edition set. These assets can be purchased by TRX and thus represent TRON brand. At the instant of purchase, the items will be directly sent to the player’s digital wallet using blockchain technology and finish a completely secure digital transaction. But it’s different from traditional exchanges and blockchain solutions such as DMarket according to BitGuild’s founder Jared Psigoda. In his own words; “The current real money trade websites allow gamers to purchase the ‘right to use an item’ and not the item itself. There’s no tokenization of the item taking place on blockchain which gives way to frauds and scams to sneak in. But with the application of blockchain, we can reverse the volatility of in-game resources at present”. BitGuild recently announced its ICO that’s slated for April during which users can buy The BitGuild token called PLAT.

  • Closing Thoughts

By teaming up with the gaming-veteran team of BitGuild, TRON expects to turn gears in today’s excessively bearish cryptocurrency market. It is safe to say that both TRON and BitGuild expect to broaden the horizons of blockchain online gaming platform via this partnership. Although being a volatile digital asset that is subjected to market risks, TRX is experiencing a slant at present when its total market cap has come to $1.9. Therefore, it is immature to comment on how this collaboration will reflect on the days to come.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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 Fernando Jorge Aguero via Flickr

Altcoins

Ripple XRP Mega Breakout: What’s Next?

Published

on

Ripple XRP mega breakout
READ LATER - DOWNLOAD THIS POST AS PDF

The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

Continue Reading

Altcoins

Litecoin Cash (LCC): The potential mover?

Published

on

Litecoin Cash
READ LATER - DOWNLOAD THIS POST AS PDF

Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

Continue Reading

Altcoins

The Stage is Set for Stellar XLM vs XRP

Published

on

XLM vs XRP
READ LATER - DOWNLOAD THIS POST AS PDF

The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

Continue Reading

Trending