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TRON (TRX) Announces Airdrop to Welcome LINE into Crypto Community

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A new statement by the TRON Foundation and TRON’s creator, Justin Sun, announced a new airdrop event for TRON’s community. The event will be a collaboration between TRON (TRX) and a known cryptocurrency exchange called Bitbox.

Additionally, the event will serve as a way of welcoming the LINE corporation into the cryptocurrency community.

New Tron airdrop to celebrate LINK’s listing on Bitbox

LINE has recently launched its own digital currency called LINK (LN). Furthermore, the event will be a type of celebration of LINK being listed on Bitbox. Upon being listed, LINK is to be paired with several other digital currencies, including Bitcoin (BTC), Tether (USDT), and Ethereum (ETH).

Soon after the announcement of LINK’s listing on Bitbox, TRON confirmed its participation and partnership in an airdrop event hosted by Bitbox.

At the moment, LINK’s use cases are relatively limited to single utilization, which will include dApps. However, it is expected that the coin will soon become available on additional channels, which will bring numerous additional use cases.

The new announcement by Justin Sun came just after the last week’s statement that TRON is working on a new secret partnership. At the time, Sun’s announcement that came via Twitter received a lot of attention. The entire crypto community started speculating regarding the identity of the unnamed company.

Sun’s statement did not provide a lot of clues to go on, except for the fact that the company is very large, and that its worth includes tens of billions of dollars. This has caused many to assume that the company he was referring to is none other than Baidu, a large Chinese browser, often compared to Google itself.

So far, neither TRON nor Baidu confirmed that this is the case, however, and the announcement still puzzles the crypto community to date. If true, this would likely be the most important partnership that TRON has entered so far. Experts believe that TRON’s price would skyrocket as soon as the Baidu partnership receives an official confirmation.

As for LINE, the fact that its own token will officially be listed on Bitbox marks a significant milestone in the company’s implementation of a token economy. LINE CEO, Takeshi Idezawa, commented on the move by saying that it is a major step forward in company’s plans, which include the creation of a token economy that will reward participation.

Additionally, the airdrop that is to be held on Bitbox is supposed to only be the first of many. As mentioned, this one will only involve TRON (TRX). As for future events on Bitbox, there are already plans such as discounts on LINK in cases where the coin is used for paying trading fees.

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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.

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Altcoins

Top 3 Cryptos to Serve as an Alternative to Bitcoin

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The crypto market continues to struggle on its way of reaching mass adoption, with most people focusing on Bitcoin. However, Bitcoin still has its fair share of problems, a few of which are quite challenging, with no guarantee that they will ever be fully solved.

While Bitcoin is, and has been the largest cryptocurrency from the moment it was created, there is no guarantee that it will remain at the number one spot forever. While this is mostly what skeptics tend to say, it is still a possibility that cannot be ignored. With that in mind, here are top 3 cryptos that might serve as an alternative to Bitcoin in the future, or maybe even now, considering how high its fees are, and how long its waiting periods tend to be.

1. XRP

XRP has become known as a ‘remittance coin’ due to its goal of providing better, faster, and cheaper international transactions. It was created by a company called Ripple Labs, and so far, it has been one of the best ways for sending money cross-border. It works in combination with Ripple’s products such as xRapid, fueling it and allowing for near-instant transactions at low fees.

The company has decided to offer its products to banks around the world, and most of the financial institutions decided to accept the offer. This is their way of trying to…

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Why HODLing XRP, BAT, and EOS is a Smart Idea

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The crypto market continues to grow, even though the prices of its many coins were severely damaged during the so-called ‘crypto winter’ of 2018. Even so, the market has grown a lot, and it currently features over 2,100 digital currencies, all parts of their own projects, with a goal of making an impact and entering the mainstream.

Of course, it goes without saying that not a lot of these coins have real potential. Many of them came to be during the ICO craze of 2017 and early 2018 when investors were willing to buy just about any coin. As a result, new startups emerged, each offering its own cryptocurrency. Most of these coins are believed to be bad projects with no future, with only a matter of time before they are declared ‘dead.’

However, there are several coins out there which are worthy of investing in, as well as HODLing on to them. Three such coins that we will focus on today are XRP, Basic Attention Token (BAT), and EOS.

XRP

Let’s start with XRP. This is a coin created by a company called Ripple Labs. As a result, the coin has a strong connection to the company, which many have taken as proof that it is not a real cryptocurrency, that it is centralized, and that it will eventually fade away as a bad project.…

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Why XRP is Worth Much Less than What Fans Expect

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The crypto world is currently facing an uncertain situation as a result of XRP value. Many fans of the digital currency are arguing that the worth should be higher than what it now. A poll taken by Twitter this year showed that 80% of the participants want XRP to be higher than Ethereum. The participant preferred the digital currency to occupy the second largest position against what experts thought. Since XRP has not offered much to improve its reputation, the participant’s reaction was surprising indeed.

From what we have seen so far, one question to ask is, why does the cryptocurrency have many supporters? The simple answer is that Ripple focuses on offering remittance services to its fans more than other digital currency. The company offers many products of which one known as xRapid a cross-border payment service impress many supporters.

Why Fans expect an increase in value

Weiss Ratings did not hide the fact that their agency is not supporting Ripple. However, they admitted that the global payment platforms which the cryptocurrency created are commendable. This commendation proves that Ripple has been impactful in that area of blockchain tech application. Also, the players in the community have seen these achievements as well. Therefore, it is not a surprise that they expect an improvement in the market cap and price of XRP

Many people have raised arguments…

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