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Tron’s opportunity to reshape social media and cryptocurrencies as Facebook and Twitter keep losing ground

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Tron TRX

The Tron project is most commonly associated with its cryptocurrency, Tronix (TRX). And the token is indeed part and parcel of Tron but, this is a project and a community with ambitions and aims that go much deeper than that.

When Justin Sun (Tron’s CEO, Founder and, now Super Representative) founded Tron approximately one year ago, he let the world know that he wanted to rebuild the whole world wide web using Tron’s blockchain technology. 

That would turn the web into a decentralized entity in which corporations and central authorities cannot project their power or impose decisions over users, especially content creators. To rebuild the whole web seems like a doubtful proposition right now, but more significant changes have happened in the digital world since computers became consumer products. 

Besides, Mr. Sun already has a degree of credibility as an entrepreneur and technological leader because of the massive success that Peiwo, his mobile messaging app has had in China.

And since we’re talking about credibility, let’s talk about Twitter and Facebook. After data management and privacy scandals along with some attempts from the social media sites to force users into some specific behavior patterns, both platforms are bleeding users, and their stocks are tanking in the market. And the main reasons all that is happening are, precisely, bad decisions implemented or imposed by a central authority.

Some of Twitter‘s and Facebook’s more ferocious critics believe that the writing is on the wall for both companies and that their days are counted. That too seems farfetched, but other internet giants have disappeared or become marginal over the years (think Yahoo, Excite, even Microsoft up to a point).

It seems impossible to imagine the Internet without Facebook and Twitter right now, but these two companies are not facts of nature, they are private firms with a mission to create shareholder value that can go down the drain if they are mismanaged, or lose the market share they hold.

So, for argument’s sake, what would happen if the social media behemoths went down? Who could fill the void they would leave behind? If you take Mr. Justin Sun seriously, that would be Tron. Don’t laugh, BitTorrent also seemed invincible in the P2P file-sharing world (it became the only game in town years ago), and it’s now Tron’s.

Tron would have the technology, the resources, the expertise and the motivation to come up with new apps or services similar to the current social networks that could replace them except this time they would be decentralized, based on blockchain technology, safe, and in which no single executive could impose any order on a whim.

In that new hypothetical environment, corporations would have no say at all on user’s behavior because the monetization process would be decentralized. Content creators wouldn’t need to adhere to, say, Youtube’s conditions for monetization because the Tron based video streaming apps would have no central authority at all.

Additionally, no other blockchain project has the objective to become the world’s new web platform so that Tron would be uniquely positioned to take over.

Too utopic? It’s certainly premature to say that this will happen for sure. But it would be very short-sighted to think it’s impossible because Tron is here already and the social media giants already are in problems they created for themselves.

In this scenario, Tron would reshape cryptocurrencies, and the web at the same time. Remember: the internet and the computer industry have seen bigger things than Facebook and Twitter come and go.

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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 Maxpixel.net

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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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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