Connect with us

Blogs

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

Published

on

Tron TRX support

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.

For the latest cryptocurrency news, join our Telegram!

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

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

Published

on

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…

Continue Reading

Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

Published

on

Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

Continue Reading

Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

Published

on

Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

Continue Reading

Press Release