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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.

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Altcoins

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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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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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