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Tron (TRX) is digital economy’s heart and not just the hype

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Tron

Lots of great news about Tron have been reported lately. They have been on the Lbank exchange for quite some time already, and the countdown for their main net lunch has started, which many experts are confident that’s going to work for the coin. Tron is on the move actively. Should you invest in it because of that? Not really; there are better reasons.

It would be good for you to understand that Tron adds a lot of value to the digital economy, and it is sustainable in the competitive world of cryptocurrencies. Tron is an outstanding coin, which is good news for you. It’s designed in a way that it can cope with many of the digital economy’s pending issues. Let’s have a look at some of them.

Net neutrality

Recently, the FCC decided to kill net neutrality. Washington State (home of Microsoft, big surprise) passed a regulation protecting it. But this is not as much about politics as it is about technology. It’s about creating a web that has no centralization at all. There is a name for decentralized technology right now, it’s called Tron.

Tron’s intent is a fully democratic web space in which every creator is in control over their content. We can all keep corporations away from controlling our control (they don’t create it, anyway, we do). Tron can help with that. That is the core mission of Tron, in their Web 4.0 statement. We all have a stake in the web economy. And that will make us all relevant, not just corporations like Comcast or AT&T.

Advertising

Having ads that run in-between content become a nightmare to you? You’re not alone, it’s been happening to all of us. That’s the web content’s business model and it’s not just your headache, it’s been the firm’s headache as well. They need to find a way to give you the content you want as well as the ads they need to run.

Tron knows how to deal with this so you can get the content you want without those annoying ads. Just monetize the comments section! People read through those comments after seeing each video (or reading an article). What if the top comment has some advertising value? This way you could see your whole video, uninterrupted. Tron could make this work because transactions costs for Tron are so low, fast and it allows micropayments.

So, all in all, Tron could revolutionize the advertising industry and make your life more enjoyable at the very same time. Watch out for it!

Music

No industry has complained more about the web and the internet streaming than the music industry. Guess what? Tron could also be the solution for them!

Streaming and downloads have hit them (all the people working in the Music industry) hard, even Taylor Swift had a bone to pick with internet users at a time. So, if Taylor Swift feels it, what’s next? The Beatles? Pink Floyd? How bad could it be for musicians who are not nearly that popular?

There is still money in music. Lots of money. That’s not the problem. It’s just that it flows into corporations instead of musicians. Tron can change this by giving every artist the opportunity to control their content and monetize it. This could change things in the music industry for forever.

So, you have nothing to lose here. Supporting Tron will get us the web 4.0, better content, more accessible music that is cheap for you and profitable for artists. Why are you waiting?

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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 Jana Beamer via Flickr

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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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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