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TRON (TRX) HODLers Wish for a Better World

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An interesting survey released on Twitter by TRON’s (TRX) founder, Justin Sun, shows that the large majority of this crypto’s holders are investing in order to help bring forth the better world. The survey’s origins are unknown, but the results are clear. Additionally, the deadline for the migration of TRX tokens approaches, and coin holders should ensure that their tokens will be included in the switch.

TRX investors wish for a better world

A new tweet by Justin Sun, the founder of TRON (TRX) cryptocurrency, which was published yesterday shows the results of an interesting survey. Sun seems to be extremely proud of the survey’s results, which indicate that up to 42% of the TRON investors are putting their money and faith in this crypto in order to help create a better world.

The survey results that are a part of this tweet are showing two sets of tables. The first one shows the results of the overall analysis, while the second one only shows the votes of TRON token holders. The overall results are believed to represent the views of the holders of other cryptocurrencies, while the other one is, as mentioned, specific to TRONIX Enthusiasts.

According to the second part of the results, the majority of those who are investing in TRX have admitted to doing so in order to create a better world. Additionally, there is around 10% of those who stated that they are only in it to make a profit. The origin of the survey was not disclosed, however.

TRX token migration deadline approaches

There is only a little more than a week left before TRON coins leave their current home at Ethereum’s network, and move to TRON’s new blockchain. The move will mean that the tokens will no more identify as ERC-20 tokens, but will instead become the true TRON coins. The shift will happen in four days, between June 21 and June 25, which means that there is only a week left for TRX holders to move their coins and deposit them in one of the exchanges that are supporting the migration.

There are currently around 26 exchanges that can help TRON with transferring the coins to the new blockchain, and as long as the coins are stored in one of them, the entire process will be one automatically. If token holders miss this opportunity, they will have to wait for the next migration, which will probably happen, but it is currently unknown when this might occur. Manual migration will not be possible, which is why this opportunity should not be passed.

Still, an interesting thing regarding the exchanges that are supporting the migration is that some of the big names are noticeably absent from the list. Coinspot and HitBTC are two of them, which were expected to join the migration, but have failed to do so as of yet. It is probably safe to assume that they will not be joining the process, which means that those who have TRX tokens stored in these exchanges would do well to move them to one of the others.

TRON’s price is not rising, despite everything

Another interesting thing regarding this crypto is that its price, which was expected to skyrocket after the launch of the MainNet, failed to deliver on these expectations. Not only did it not go up, it actually continued to drop, and it actually lost over 13% in the last 24 hours alone, and up to 27% in the last week.

This came as a surprise to many, especially considering how well TRON was doing in the last two weeks on every other front. It managed to successfully launch its MainNet, it entered multiple partnerships, and now it is moving its tokens to a new blockchain. Still, the price is moving in the opposite direction than expected. The only thing left to see now is how the price will react on the migration itself, which might be just what it needed to improve the confidence in the success of the newest development regarding this crypto.

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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

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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