Tron is more than your average successful cryptocurrency. Driven by Justin Sun‘s vision of a fully decentralized web, it’s also an entertainment content distribution platform built upon the blockchain and peer-to-peer technology. Users can store and build apps using this platform to host and distribute their own content instead of requiring such service from a third party host (which is usually a centralized service).
The Tron brand and currency belong to the Tron foundation, a non-profit institution started and led by CEO Justin Sun (who formerly founded Peiwo). Mr. Sun is very well known as a former Jack Ma (Alibaba’s founder) student and protegé, and Peiwo’s success, as well as Tron’s spectacular rise (it’s worth three and a half billion dollars, and it only started last July), has turned him into a global business celebrity.
Some analysts even expect him to surpass his protector and become the next Jack Ma. Because of both moguls’ close relationship, there’s the rumor running around that Tron and Alibaba could partner up in spite of the fact that, while Mr. Ma is a big fan of the blockchain technology (more blockchain patents were awarded to Alibaba last year than to any other private company in the world) he’s been very outspoken about his skepticism about cryptocurrencies.
It’s still only a rumor, anyway. Nobody knows for sure so far, except for Mr. Sun and Mr. Ma, and they are not saying anything. It is evident, nevertheless, that Mr. Ma has very high expectations from both Mr. Sun and the blockchain tech, and they are close friends. So if Alibaba is going to partner up with any player in the crypto universe, it would only be natural for that partner to be Tron.
A recent tweet by Mr. Sun made the whole Tron community excited. In that post, he talked about a possible announcement for a new partnership. According to Mr. Sun, it would be the biggest ever partner to join forces with Tron.
Hupan University is located at Hangzhou, China. It was founded by Mr. Jack Ma, who is the principal and still teaches there. He personally invited Mr. Sun to join his entrepreneurial education program, along with only forty other students. That’s how they both became close, and Mr. Sun was the first ever millennial to graduate from Hupan. So they go some way back.
At the time Tron launched its ICO, it was trading at a fraction of a cent. Then it went up all the way to thirty-one cents, which remains its all-time peak. It’s been fluctuating ever since, and Coinmarket has it at $0.070 at the time I write this. It’s still a tremendous growth rate, among the top ones of today’s alt-coins.
Taking into account that Tron’s Main Net is only a few days from being launched now, the current price is an obvious opportunity. The Main Net means that Tron will stop being a currency based on the Ethereum ECR-20 blockchain to become a fully autonomous blockchain and currency.
More than that, it will become a platform for decentralized applications development. The new platform promises to surpass Ethereum’s characteristics dramatically in terms of speed and versatility.
For Tron, it’s not about the coin only but about providing developers with an environment in which apps can be deployed and used. Remember: Tron’s game is to decentralize the web, so Tronix is not the whole dish but only one of the recipe’s ingredients.
The recent trend in the crypto market is bullish. Numbers have been green for most currencies for most of the month (it all started to go down a couple of days again though, Bitcoin lost a lot, but Tron hasn’t been in the Red majorly though), and Tron is the spearhead. It’s expected to reach $0.08 soon, and some market observers think it could even reach $3.00 before the year ends.
Mr. Sun is famously quite adept at marketing. He’s conducted a thorough campaign that hails Tronix as the investor’s choice, and it’s worked. It’s bolstering the coin even as of now. The low price Tronix (TRX) still has just proves the notion that the future looks bright for it.
Cryptocurrency traders anticipate a rebound to happen soon (maybe even today) for the market in general, but some keen watchers think that TRX will presently undergo an eruption that will leave a lot of the competition behind.
Bixin recently declared its support for Tron’s blockchain independence and token migration (the token migration is scheduled for next month). This news came in as the new Tron virtual machine was just about to go live in a couple of days, which went live today. Bixin is one of the world’s leading cryptocurrency exchanges.
— Justin Sun???? (@justinsuntron) May 25, 2018
Additionally, RightBTC, the first Dubai digital exchange recently included Tron and many other exchange sites, and platforms keep joining in support of Tron’s upgrade to the Main Net and token migration.
The Tron Foundation claims that no fewer than twenty startups are already working hard to develop decentralized apps for the new Tron Main Net. A lot of them will be released next June 5th.
April was a very good month for the cryptocurrency market, and it seems that May has brought about the solidification of those gains. As Bitcoin keeps being increasingly adopted everywhere; even though it’s trading below $7500, the analysts believe that this May will be the last time its value will remain this low. Even in a market, this hot, Tron remains a serious contender to become the year’s most profitable coin (last year was Ripple’s XRP).
The Tron leadership and community are very transparent, they usually deliver on promises, and the coin has performed spectacularly since it hit the market. Mark my words, Tron is set to grow at an exponential rate, watch out for a ‘big bull’ charging this way!
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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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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…