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TRON Makes Grand Entry in the Gaming Industry with BitGuild Partnership

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BitGuild
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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.

  • 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

Blogs

How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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