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TRON (TRX) Increases its Trading While Waiting for the Launch of MainNet

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Tron

A recent market crash has affected many cryptocurrencies, and Tron (TRX) suffered a great deal as well. However, recent development shows that this crypto might be getting back on track.

A major crypto market crash was suffered by the majority of cryptocurrencies at the beginning of 2018. When all cryptos are put together, more than 50% of the total capitalization of this market was lost. Tron (TRX) has had an especially hard time during this period. However, after the eight long weeks, there seemed to have come a relatively good rebound period.

Unfortunately, this too was interrupted by a great selloff that lasted a few days. This selloff once again damaged the market quite a bit, but it too came to an end. Yet another period of recovery followed, and this is when Tron finally got its chance to shine.

Tron is back

Tron (TRX) is currently seen as the 10th best crypto when it comes to the global list of token ranking. However, its biggest rise so far was only seen after all of the Justin Sun’s efforts were made, which helped Tron for the first time since it originally appeared as an ICO. Last week brought a lot of success to this crypto, and TRX has officially become the #1 digital asset, globally. Github recorded the greatest amount of commits that all went to TRX.

Additionally, it also became the most popular token in Twitter discussions, and the entire platform was talking about it on April 26, when TRX experienced a major rise. In order to display its market dominance, Tron started rising, and at the same time, collecting a lot of gains. In fact, the only crypto in the top 30 that has had larger gains than TRX was EOS.

Even so, this has not diminished Tron’s return, and it collected 46.64% within a single week. Even the last 24 hours alone saw another increase of 3.94% against the US dollar. The sudden increase is amazing, and it is believed that this development came due to the fact that Tron’s MainNet is soon expected to launch.

Tron’s MainNet

Right now, TRX is seen as an ERC20 coin. However, this is expected to change really soon, since Tron plans the launch of its MainNet, which will turn it into a native asset.

The launch is expected to happen on May 31, but the full TRX migration probably will not be completed before June 21. This is also the date when the MainNet is expected to be officially open and ready for everyone to use.

As a sign of appreciation for all of Ethereum’s support in their time of need, the representatives of TRX have decided to make an airdrop. Original airdrop happened last week, which was at the same time when TRX saw a massive increase in its market value. The number of units that this crypto released to Ethereum’s community included 30 million.

Tron on the crypto market

It is not easy to make such a comeback, but Tron still managed to do it. Not only that, but it also collected almost 50% of gains against the US dollar. In the process, it also managed to retrieve its rank of 10th best crypto.

It is currently still traded in the green, but the gains are already significantly lower than they were during the last week. It is currently trading against ETH and BTC, but it still managed to go up against the dollar, and up to 3.94% at that. As for BTC and ETH, during the last 24 hours, it went up to 4.72% and 4.88%, respectively.

The current price of trone is at about $0.085 per piece, which is a significant increase from the $0.050, which was its price only several days before. However, this is still not this currency’s peak, which was reached in January and had a value of $0.25. If all goes well, the launch of MainNet might see this record shattered and replaced with a new, much higher one.

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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.

Image courtesy of Philipp Medicus via Flickr

Altcoins

Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming

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Singapore, Singapore, 26th February, 2021, // ChainWire //

Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming

Unifi Protocol announces the launch of Unifi Farms. The most revolutionary part of Unifi Farms is there is no staking of the liquidity token required. The public beta launch of Unifi Farms V1 will take place on not one, not two, but six different blockchains at once. 

Unifi is proud to announce the upcoming public beta launch of Unifi Farms V1 on Binance Smart Chain!

Unifi Protocol is not a clone of other DeFi projects, which has led to some very unique innovations.  Unifi Farms will continue this tradition of shattering expectations and introducing features on Unifi Farms not being offered anywhere else in DeFi!   

Unifi Farms will have several advantages over old-fashioned DeFi farms.  The one that will likely be the most revolutionary with Unifi Farms is there is no staking of the liquidity token required! Welcome to the world of true auto-farming on Unifi, where we refer to it as No-Stake Farming.

Why is farming without staking so revolutionary?

Savings! Everyone agrees the high network fees on Ethereum have a large impact on the farming rewards earned by liquidity providers.  Even on low cost networks such as Binance Smart Chain, the network fee is a cost that reduces the benefit of farming. 

To participate in most farms, the user pays at least five network fees.…

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Altcoins

DeFi Wizard Raises $750k from Blockchain Investment Bigshots, to Simplify Multi-chain DeFi Legos

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Bengaluru,, India, 24th February, 2021, // ChainWire //

In order to give shape to their ‘one-click DeFi contracts creation’ dream, Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork.

Speaking on latest development Defi wizard founder and CEO, Anand Kamath said: 

“It gives us immense pleasure to announce that our platform, DeFi Wizard has attracted the attention of leading blockchain investors and funds.”

DeFi Wizard aims to help cryptocurrency companies and businesses seamlessly create digital assets, without any hassles, with the objective of becoming an all-in-one token creation platform. 

Investment Usage

This recently concluded fundraising round is an important milestone for Defi Wizard. It will fuel the development of the platform along with operations/maintenance.

Other ways in which Defi wizard will receive assistance is with liquidity bootstrapping for Uniswap listing, alongwith added global and regional promotional efforts to generate awareness for the platform. 

About Defi Wizard

Defi wizard is a dashboard for building DeFi (decentralized finance) smart contracts with a few clicks. It offers real-time programmer analytics and allows users to create smart contracts for ERC20 / BEP20 / EDST, staking, yield farming, governance, cross-chain bridge, gasless relayer baked in.

As per the latest statistics, more than five projects are already using DeFi Wizard’s staking services and more than $100M AUM has been locked through the smart contracts generated through the…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

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Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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