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Tron (TRX) vs. NEO: A neck to neck battle to become the top 10 crypto

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Tron NEO

Whether you are a crypto investor or just an enthusiast, one of the most common things to observe in the cryptosphere is how certain coins move up and down on the lists. Also, how they continually seek to get the remarkable status of being a top crypto, a denomination because of which many coins fight closely with the deployment of different strategies to improve their performance, and with it, their market value.

We can all agree in this matter, that the market is definitely ruled by Bitcoin (BTC) and Ethereum (ETH), but still, there are a few spots available for other coins to occupy, and that is precisely what many tokens intend to do. Among them, we can count for sure Tron (TRX) and NEO, two relatively new cryptocurrencies that seem to be relentless when it comes to strategically designing a plan that may guarantee the traction they need to escalate a little upper in the charts. Let’s see how it goes.

NEO and TRX ambitions

It results clear that the main intentions of these two cryptos are to design a better option than the one that Ethereum provides when it comes to the creation of DApps, a field in which developers are with tied hands somehow. In this sense, although Ethereum definitely has the lead with almost 2000 decentralized applications on its platform, still both of them are making great progress in the development of specific applications of this kind.

So far NEO has 60 decentralized applications in the oven, including Red Pulse, THEKEY, and AdEx. For its part, Tron has a minimum of 9 in development and a bounty program to call for the attention of developers.

NEO and Tron projects

One of the things that these two cryptos have in common is that they have been very outspoken when it comes to announcing their projects. In this sense, NEO recently announced on its Twitter account that the company is currently working on the 3.0 version of their platform.

Tron (TRX) on the other side has announced the strategic partnership with China’s smart toilet giant, MOSHROOM. Tron launched its Virtual Machine on July 31st too, in addition to the revelation of its secret project, Project Atlas. So, clearly, more things are happening for Tron (TRX) compared to NEO.

Current performances of NEO and Tron

At the time of writing, NEO is the crypto number 15th (was on the 11th spot not too long ago) in the market with a value of $21.17 per token, a trading volume of $53,587,145, and a decrease of 4% in price within the last 24 hours. Tron (TRX), on the other hand, now holds three positions above NEO with a price of $0.024, a trading volume of $134,959,748, and a lower decrease of 0.12% in the last 24 hours.

Both Tron and NEO are looking forward to becoming the next top 10 of the market, and truth be told, both have great chances of making this a reality with the exciting projects on development and the expansion of DApps opportunities. Tron is leading the way currently, no doubt, but this was the case with NEO just a couple of weeks ago (was ahead of the Tronix). It is just a matter of time before any of them manage to make it to the top. So stay tuned!

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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.com

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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