Last Thursday a charity gala was held in San Francisco. It raised some serious money to fight poverty in the Bay area, according to Bloomberg. This happens all the time in Silicon Valley but what made this particular gala worth noting is that they were taking cryptocurrency donations, and it worked to the tune of fourteen million dollars. Some crypto-town celebrities were there such as Coinbase’s Brian Armstrong and Ripple’s Chris Larsen.
“It’s great to see in the Bay Area because this is all about making sure that wealth is getting to people who need it most, and this helps lubricate that goal.” Mr. Brian echoed the sentiment “I think a lot more charities will be accepting crypto in the future.”
The donations were collected using Tipping Point, which has earned a following among Silicon Valley’s philanthropists. Tipping Point is a data-driven and technology-driven approach to early childhood development, housing employment, and education. It’s led by Mr. Daniel Lurie, formerly at Robin Hood Foundation (NYC).
The foundation is aiming to reduce the number of chronically homeless people by half before 2021. They raised 33 million dollars as a response to North Bay fires 100 million.
Tron’s TRX currency was not announced as a way to make donations to the organization, but Tron took the initiative and boldly posted:
— TRON Foundation (@Tronfoundation) May 10, 2018
The event’s explicit goal was to help eliminate poverty in the Gulf region, but TRX’s acceptance was not a purpose on its own, and it remains unclear if they are so friendly towards it once Tron releases its own Main Net and leaves ERC20 tokens behind for good. We have no announcements about that so far except for Tron’s own tweet.
Twitter and Reddit users took issue and published their mixed declarations.
“I just checked, and they do not accept TRX…They accept Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple.”
“Probably pending. Perhaps waiting until TRON launches it’s mainnet and isn’t an ERC20 token anymore. I’ll remove the post until we get further clarification.”
“You’ve mistaken them with the American Charity who is going to Partner with an ultra-secret Chinese Charity – TBD.”
I don't think this is correct, TRON team. See the article: https://t.co/AgpbscohkG It was Ripple that was used. TRON also not on the tipping point website: https://t.co/Kaw8b0BKeK No FUD. Just hope you can clarify. Looks like an innocent mistake.
— Vanalli ???? (@Vanalli) May 10, 2018
Another Twitter user who goes by the name, EdCummins, said:
— EdCummins (@EddCummins) May 10, 2018
Consequently, as it stands, Tron foundation says yes Tron was among the accepted cryptos for the charity; whereas, social users represent misconception. But, whatever the case is, it could a step towards the right path for cryptos as a whole – don’t you agree?
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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.
Chart courtesy of Mc Morr via Flickr
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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…
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 been…