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Tron (TRX) potentially pedaling to a new partnership with Alibaba

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Tron TRX Alibaba

The Tron (TRX) Foundation has been making headways with its good efforts to make Tron’s blockchain project a complete success and an example in the crypto space. Justin Sun, the leader, and founder of Tron’s core developers blockchain project and the Tron Foundation continues to work tirelessly to make the crypto asset the best in the world.

Considered as one of the most charismatic personalities in the cryptocurrency sphere today, Justin Sun is re-known for voicing his thought on some debates and issues that relate to cryptos. However, it is unknown to many that Justin graduated a few weeks ago from the prestigious Hupan University in China, where he pursued a three-year course program after being handpicked by billionaire Jack Ma who happens to be the founder and leader of the University as well as e-commerce giant, Alibaba.

The Hupan University is one of the most renowned and prestigious tertiary institutions in China, and it’s privileged to be run by one of the most influential names in Asia and across the world, Alibaba-founder Jack Ma, who is known for his philanthropic efforts and business acumen. Mr. Jack Ma also takes a few lectures at Hupan University.

For three years, Justin Sun has studied under the wings of Jack Ma and early this year, Justin submitted his graduation thesis titled, “The Birth of a Decentralized Internet.” The thesis sheds light on the observations of Justin Sun on the past, present, and future thoughts towards blockchain technology and cryptocurrency.

Jack Ma and Justin Sun, the leaders of Alibaba and Tron Foundation respectively have been prominent to each other for some time and speculation is rife that they patently signed an agreement that is going to be made public anytime soon. According to various sources, an official announcement is going to be made by a senior member of the staff of Alibaba confirming the move to partner with Tron (TRX).

Potential Tron (TRX) Partnership with Alibaba

The crypto community is not new to predictions, rumors, and speculations. Whether it’s about the price movement of a digital currency or a potential partnership in the pipeline, the crypto space has seen it all. That much can be said especially with the latest news of a near completion deal between Tron (TRX) and Asia’s giant e-commerce group, Alibaba.

What to Expect from the Partnership

Well if the deal goes through and both companies put ink on paper, members of the crypto community should brace themselves for a massive bull run from Tron (TRX).

Over the past few months, Tron (TRX) has been steadily enlarging its territories with plans to increase its current 100 plus member staff team to a full house of about 400 individuals who will be working in the operations of the Tron platform.

If Tron Foundation manages to achieve this goal by the end of the year, Tron will comfortably be on the right track in beating other top crypto companies like Ethereum that pride themselves of having more than a thousand employees.

How will Tron Benefit

Because Alibaba is huge in the world, any partnership with the e-commerce powerhouse and a cryptocurrency technology is going to be a game changer in the financial market and how things operate. Although it does not seem that there are any strong connections between the two companies, any deal between them would take off the value of Tron (TRX) to reach the $2 to $4 mark easily.

How will Alibaba Benefit

With Tron’s growing young team of developers and a series of upgrades already launched on the blockchain’s platform, a partnership with Tron would facilitate speedy, reliable, and safe money transactions between clients and the company.

Tron is committed to making it easy for users to sell their wares online while also facilitating buyers who are looking to buy things online with a smooth experience. A partnership between Tron and Alibaba would mean war with other giant e-commerce platforms like Amazon who are expanding their influence into the entertainment sector.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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…

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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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