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

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TRON

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

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. One of the ways to have a successful trading…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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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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