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TRON (TRX) Foundation Introduces New Community Program – $20k Incentive Plan

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TRON
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TRON (TRX) Foundation came up with yet another community program that will keep this crypto’s enthusiasts busy. The new plan is called $20k Incentive Plan and is the latest one on the ever-expanding list of community engagement projects. Additionally, TRON is preparing for the token migration, with only a few hours left before the official coin lockdown.

$20k Incentive Plan

TRON (TRX) has become known as a cryptocurrency that keeps its community busy at all times. So far, the Tron Foundation organized several programs for the fans of the coin to participate in. Those included a bug bounty program, a programming contest, and even coreTronicss call-up. The new plan, called the $20k Incentive Plan, is designed to keep TRON’s community engaged, as well as to help them achieve a collaborative effort within the coin’s ecosystem.

Basically, the plan is to deliver a reward of $20,000 to the projects similar to TRON’s blockchain browsers and wallet. That way, the community will remain engaged, while their efforts will actually help the crypto’s ecosystem. And best of all, the projects will be rewarded instantly, and all the developers will have to do is wait for the tech committee to pass it.

By using the community’s efforts, TRON wishes to enhance the MainNet, and improve the user experience for the other users. According to the foundation, giving instant rewards is expected to inspire more developers to join in on the new program, as opposed to giving “loans” like they did during “TRON Acceleration Loan” program. This time, the developers will be inspired to create new and enhanced products and to do it as quickly as possible.

Token lockdown starts today

Another very important event for TRON is its token migration, which has finally come. It is scheduled in only a few hours when the coins will enter the state of lockdown after the exchanges close their wallets. The real migration will happen on June 24, which will be followed by the Super Representatives election on June 26.

TRON’s founder, Justin Sun, took this opportunity to remind users that around 30 crypto exchanges will support the migration, which means that those exchanges can be used for swapping the tokens. The exact time when the exchanges will stop receiving new tokens will depend on each individual exchange, but the users are advised to deposit their tokens as soon as possible, even in these final hours.

Another interesting development includes the long-awaited awakening of TRON’s market price. This is something that the users have been waiting for weeks now, and TRX has hit many milestones during that time. From the launch of the MainNet, through multiple partnerships with various exchanges, and now even the token migration is about to start – the value of TRX could not wait anymore. The increase is small, but the price is still rising.

The community knows that this rise will be slow and steady, but that it will be a long-term trend, which means that patience is the biggest virtue right now. With that in mind, the top levels which the coin might reach can only be speculated right now, especially with many more partnerships that TRON has planned.

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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