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

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Tron
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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

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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collateralized debt position
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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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Hodium
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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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