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Here Is How Tron (TRX) Is Headed for a Top 5 Finish Thanks to 150 Million Active BitTorrent Users

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Tron

In a letter to the Tron (TRX) community, Justin Sun confirmed earlier reports that the Tron Foundation had acquired the popular file-sharing platform known as BitTorrent. This was however not a surprise for many crypto-enthusiasts had noticed that the file-sharing platform was an integral part of the Tron’s whitepaper having been referenced 8 times.

In the announcement, Justin stated the following:

“I am proud to officially announce that TRON has successfully acquired BitTorrent and all BitTorrent products. From this day on, BitTorrent, whose software has been installed on billions of user devices, will become part of the TRON ecosystem, making TRON the largest decentralized Internet ecosystem in the world.”

With this acquisition, the Tron ecosystem automatically adds the 150 Million active BitTorrent users around the globe. The platform was at one time responsible for 40% of the total global internet traffic. BitTorrent was the pioneer decentralized platform that gave back power to the users of the internet rather than in the hands of a few corporations. In this sense, both BitTorrent and Tron make a world-class team to further decentralize the web.

So how will Tron (TRX) become a top 5 coin thanks to BitTorrent?

The number of active users on BitTorrent number 150 Million with 15 – 27 Million using the platform at any one time. The total number of monthly users may be estimated at more than 250 Million. A lot of individuals and organizations use the network to distribute their own licensed work.

With this numbers, one can postulate that the owners of the content will probably want to earn from it. This means that once the two platforms are integrated, TRX will be the currency for payment of that content. Imagine sponsoring a few extra episodes of Game of Thrones with a new plot twist using your TRX. With decentralization, viewers can vote on what idea or content should be on the next episode. Voting will require some TRX, right? This means the greatest fans will stock up on TRX to have the ability to stake more coins for voting.

It is with such activities of voting for content, or even paying for someone’s licensed work, that TRX will be used as a medium of exchange. This means that each of the 150 Million active users of BitTorrent will be out looking for TRX driving up demand. With demand comes an increase in the price of TRX to the much awaited $1.

A $1 TRX means that its market capitalization will get to $65.75 Billion and placing it well above Ethereum to take the number 2 slot on coinmarketcap.com. Even a $0.50 TRX value will place it above XRP with a market capitalization of $32.875 Billion.

In conclusion, the 150 Million active BitTorrent users who will be added to the Tron ecosystem will be key in driving up the demand for the digital asset as outlined above. This will, in turn, enable TRX to dethrone a few of our other favorite coins on the way to the top.

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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. One of the ways to have a successful trading…

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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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