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Tron (TRX) keeps getting ‘support in mass’ for its Main Net release

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Mr. Justin Sun, Tron’s CEO and founder, likes to shake things up every time the project is about to complete a milestone. The next one is, of course, the launch of Tron’s own Main Net, which will see them become a fully autonomous blockchain (and coin) independent from Ethereum and the ECR-20 blockchain as well as an app developing platform. This is coupled with strong rumors about a Coinbase listing.

So the foundation is doing several things to mark the occasion. A huge giveaway was announced, and the foundation’s website was completely re-designed. This has given community members motivation to join the team to make the cryptocurrency’s environment more successful. Current TRX market capitalization is at $4,653,519,846, and it trades at $0.07 at the time of press.

A tweet from Mr. Sun recently announced the release of a Tron virtual machine coming Friday, just after a couple of days now,  on May 25th. The Main Net is scheduled for May 31st. There’s a very visible countdown in the new website (which weirdly enough wasn’t working correctly at the time I tried to see it at first, a couple of days ago, works fine for me now).

Then the token migration will happen on June 21st, according to plans. Five days later, on the 26th, twenty-seven super representatives will hold a vote on Tron’s future. 

The vote aims to guarantee that the Tron organization will be a democratic, self-government community, with free elections and “overarching legitimacy” according to the letter published by Mr. Justin Sun this April in which he explained his own commitment to individual rights and why democracy and transparency are essential for the Tron Foundation.

More cryptocurrency exchanges have announced they will support Tron’s new blockchain, platform, and token migration. Among them are China‘s RightBTC, and Bixin.

Users must buy twenty ERC-20 based tokens in RightBTC so they can start doing business, but this is common practice in most exchanges around the world. Bixin’s pool mining model is unique. It privileges openness and transparency. Also, it allows for instant transfers with OTC Trading, Escrow Trading, and Market Stats which makes trades easier for its users.

Upbit, IDAX, Bithumb, Liqui, and Dragonex joined in to support Tron’s migration too, just recently.

There are also plenty of souvenirs and merchandise around. U disk products, caps, notebooks, a TRX commemorative coin, hats, t-shirts, handbags among other things. Even the hashtag TRONICS is currently trending on Twitter. The man himself was using his Twitter account to promote the items:

The Tron community is very optimistic which you can see in comments such as “45 cents by this time next year.”

While Tron and its coin are still not among the crypto world main players (not in top 5 yet), a lot is expected from them because of Mr. Sun’s previous successes as an entrepreneur. 

It bears saying that the fantastic growth Tron has achieved has taken them less than a year’s time since the project started which was only last July. Keep an eye out for Tron and Tronix. It seems great things are happening for them and the token is still cheap enough that you can buy it in bulk, and see it grow.

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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.

Image courtesy of Rawpixel via Pexels.com

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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