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Tron for Non-Cryptos….
Many of you out there may be wondering about where or what is Tron? You may have seen it in the news, heard about it from some of your millennial, geeky friends. Seen it flash up on Twitter. But, for those of you who know nothing about Tron, we at Global Coin Report plan to change this.
Why? Well, Tron is potentially one of the biggest things to hit the internet in perhaps the last 25 years. Yes, that big folks!
Every now and then something groundbreaking comes along to change the status quo. It could be a new technology, a new political narrative or a new religion. But, the primary concern here is that it most certainly changes things. Usually for the better, otherwise people do not adopt it or want it or indeed pay for it. So, why is Tron featuring within this lofty band of world-changing themes? Well, its CEO, a young guy called Justin Sun, has set out to do just that. He wants to change the way we consume the internet. Change the way we interact with the internet. Change the way we pay for and get paid by the internet. In short, he wants to take on the big boys. And I just love that.
For too long now, America, Americans and the American investment community have owned the internet. Think about it. Apple, Google, IBM, Spotify, Netflix and many more determine what we see and hear, how we see and hear it and what price we pay. It’s actually ridiculous if you stop and think about it. Why should this small select band of American tech giants own so much of us? And all for profit. Let us be 100% clear here. It’s a closed club and others are not truly welcome. And this is where Tron comes into play.
Tron, albeit a cryptocurrency funded organization and initiative, wants to give you and me more control over what we interact with on the internet. Let me give you an example that will make things simple for you.
Currently, if I want to listen to my favorite artist, I can, for example, pay a monthly fee to Spotify, who will then allow me to steam it to my tablet. Spotify, in turn, will then pay a small fee to my favorite artist. What Tron will do is open his up. My favorite artist can place her music on the Tron Blockchain platform and I can get access to it here. I can buy it straight from my artist’s account. Thus cutting out the “middle man”. This is a lot fairer on my artist and I will get better bang for my money or Tronix coin.
There you go, a simple way to change how the internet is used. But, alas a lot more will be needed before it all goes this smoothly. Expect a great deal of mud to be thrown at Tron as it disrupts the current tech ecosystem.
In the coming weeks and months in this column, we will explore what is going on with Tron and delve into the potential upside for anyone who wants to invest in them in the medium and long-term.
Jim Duffy MBE
We will be updating our subscribers as soon as we know more. For the latest on cryptos, sign up for our Telegram!
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 Ken Lane via Flickr
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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