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TRON (TRX) is Making Its Way into the Gaming Industry

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As the market was falling down, with the market deep ending with the last week, TRON had something to look forward to. With a brand new partnership announced during the previous week, TRON is potentially looking towards having its value priced more in the market, which could on the long run help this currency blossom, slowly being recovered from the massive drop. Let’s see with whom TRON partnered up and what hidden potential does that partnership hold.

TRON and BitGuild

BitGuild is a gaming platform with thousands of users around the globe, but don’t be mistaken thinking BitGuild is just another average gaming platform as this network is far from having a traditional way of hosting a great number of users.

BitGuild is actually based on blockchain technology and unlike traditional gaming platforms; this platform has a unique plan for solving numerous various issues revolving around gaming companies and users. The platform is, of course, decentralized given the fact that it is operating on blockchain technology and as of March 16th, BitGuild released their own ICO under the ticker PLAT. PLAT will be available for token sale for the next 13 days until the end date of sale which will occur on April 5th.

BitGuild’s own CEO, Jared Psigoda, has announced a partnership with TRON in his statement given during the last week.

What BitGuild is planning on doing is to release and enable a whole new way of gaming, which will also provide a unique gaming experience. The tokens they have released on token sale in form of coin offerings will be used as ERC20 tokens on Ethereum. The purpose of BitGuild’s PLAT tokens will be purchasing in-game items.

The general idea behind this platform is to enable players to hold “shares” over their gaming items. So, that basically means that items you would own in a game would be owned by you in real life as well thanks to the blockchain technology. Moreover, that means that in case you have collected certain items while you were playing a game on BitGuild gaming platform, those collected items could be monetized in form of PLAT, so those items wouldn’t belong to developers of the game, it would belong to the gamer collecting the items.

There will be PLAT wallets, so all monetized values could be kept safe in form of PLAT. After establishing ownership through smart contracts, the owner can decide what to do with his valuables – whether to sell it, keep it, exchange it or use it in another game.

To make this system functional and among everything extremely reliable, BitGuild will have to start from scratch, building a unique set of games that would enable this sort of interaction.

That is how BitGuild’s CEO came to the idea of forming a partnership with TRON because as stressed out by BG’s CEO, blockchain technology will allow the gaming industry to embrace improvements and eventually evolve.

As BitGuild’s blockchain technology will allow users to own the items earned through playing games that will be specially designed for this occasion, this gaming platform will also focus on gaming companies and game developers, allowing them to still hold authority over their intellectual property, in this case, their own game and everything included.

That means that if a game developer of a game you are playing all of a sudden decides to ban you from the game under their ownership and development then you would lose all items related to the game that you have earned by far.

The main reason why BitGuild has decided to go into the partnership with TRON is a product of a long-time observation where BitGuild’s team had a chance of confirming that TRON has one of the most notable and engaging communities in the entire gaming industry.

Also, thanks to the partnership with TRON, all BitGuild gaming platform users that also own TRX should have special access to exclusive games with limited editions that would be enabled for playing and purchase on BitGuild.

Having that said, BG’s CEO also added that gamers around d the globe are usually the ones who would embrace new technological improvements pretty quickly and be the first in the line about it, so partnered up with TRON, both TRX and BitGuild could benefit greatly and change the map of the gaming industry together, hand in hand with blockchain technology.

How is TRON doing at the Current Moment?

Although there are no major signs of improvements in the price, TRX is somehow hovering around the value of 0.03$ per one unit.

After the latest change in the market that occurred in the last 24 hours, TRX dropped by -0.69% against the dollar.

However, given the fact that the drop wasn‘t significantly high, leading TRX to a new low, TRX traded up against BTC and ETH by 3.14% and 3.96%, which means that observed from another point of view, TRX is still trading in the green in a way.

TRON can currently be bought at the price of 0.035$ per one unit, which makes it a perfect investment for all crypto enthusiasts who are looking for neat bulk investments and gamers alike.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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 Toshiyuki IMAI via Flickr

Blogs

3 Things to Avoid if You Want Your ICO to Succeed

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Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

Additionally, ICOs need to be approved by appropriate…

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Bitcoin

Reasons Behind The New Bitcoin Crash

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Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

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Altcoins

Here’s Why This Coin Still Has Wings (WINGS)

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WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

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