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Tron (TRX) HODLers Number 1.08 Million as Binance Supports Token Migration

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Tron

The second quarter of 2018 is a beehive of activity for the crypto-verse with a handful of projects showing tremendous progress in terms of releasing their MainNet versions of their blockchains. Tron (TRX) tops the list with its MainNet launch scheduled for the 31st of May which is less than three weeks away. As a matter of fact, there is an official countdown on the Tron Website specifically tailored for the MainNet launch. It currently reads 20 days 13 hours and 10 minutes at the moment of writing this.

This launch has been anticipated by the entire Tron Community that was revealed by Justin Sun, to number 1.08 Million enthusiastic HODLers. In the May 9th tweet, Justin said the following:

#TRON Good news for us, by the time of 2018 May 9(UTC+8), the Holders of #TRX $TRX exceeded 1.08 million, let’s keep moving

And indeed the Tron project is moving. The most recent exchange to be announced as supporting the token migration that starts on the 21st of June is Binance. The announcement was made on the Binance twitter page and had this to say about the migration.

#Binance Will Support #Tron $TRX MainNet Token Swap. When the swap occurs, we will handle all technical requirements involved for all users holding #TRX.

The major take away from the Tron token migration event is that all the owners have to do, is transfer their tokens to an exchange that supports the migration. When in the exchange, everything will be automatic starting June 21st to June 25th. HODLers have up until the 24th of the same month to transfer their tokens to an exchange. The other option is to wait till after the event, for the Tron foundation to announce a permanent token-exchange counter to do the token migration at a later date.

Other notable exchanges that will support the migration include Bitfinex and Bittrex. Bitfinex only added the token on its exchange on the 24th of January together with 6 other tokens. TRX is now tradable on Bitfinex against Bitcoin (BTC), Ethereum (ETH) and the USD.

The current market analysis puts TRX at a value of $0.08 and up less than a percent in the last 24 hours. The token has maintained the number 10 position and seems to have marked its permanent entry into the big leagues of coins and tokens on coinmarketcap.com. TRX had recently grabbed the number 9 spot from IOTA only to lose it when the latter made several announcements including partnerships with German startup AutoBahn, Porsche and having the Chief Digital Officer (CDO) of Schindler joining its project advisory board.

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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.

NFTs are already being actively traded in markets globally. For…

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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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