TRON seems to be making an amazing progress when it comes to recovering from the crypto market crash. TRX, in this case, represents one of the fastest recovering coins with frequent rises in its price on a daily basis. But that is not the only field TRON is dominating as the dev team behind this currency has announced that they are planning on reinventing the online world in the terms of revolutionizing the way online media content is being shared, uploaded and used at the current moment. All TRX HODLers have their fingers crossed for the newest project hosted by TRON that it is announced to be launched by the end of the following month of March 2018. Let’s see what TRON has been up to these days as well as what the dev team behind TRX is planning for their platform in the long run.
TRON as a Patron of Blockchain-based Gaming Industry
Having EXODUS announced for launching by the end of the following month, poses a question of having TRON potentially changing the face of online censorship in the long run. Of course, such technological implementation would take years to complete and establish, but EXODUS is said to be the first milestone towards reaching this goal.
Having TRON and TRX being famous for representing the gaming industry in the world of digital values and blockchain ecosystems, it is no wonder that TRX is sealing partnerships with gaming portals such as BitGuild, Game.com, and Xu Le.
All of these gaming portals are on the same page as TRON as they are all promoting usage and implementation of cryptocurrencies in the gaming industry as a new way of playing online games and reshaping online censorship.
Currently, TRON has the technological potential for enabling easy and simple uploading and distributing of media content, but with the Main Net upcoming, TRON should soon be able to work as a marketplace similar to the way Google Play Store or iTunes work. However, the difference between TRON network and these service providers lies in the fact that TRON is essentially decentralized without the presence of third-party influence while Google Play Store and iTunes work for profit and have without any doubts strictly centralized nature.
This way, TRON network would allow small indie companies as well as major gaming companies to upload their games on the TRX market where TRX currency would be used for the purpose of online gaming. This kind of business doing would definitely change the face of the gaming industry, because TRX would be used for micro-payments that would have a no-fee policy.
That means that gamers wouldn’t have to pay the game for what is worth in order to own the right to play it – TRON has another more cost-effective idea. The idea is to have all the gamers on TRON paying only for the time they are actively playing a certain game, where in this case the user would be awarded in case of playing the game for a prolonged period of time.
In the end, TRON is planning on having all users entitled to spend their rewards on other games unrelated to the game that in the first place helped in having the users earn their rewards. The rewards would be given in the form of TRX tokens and those tokens could also be used for purchasing of other products and services outside the gaming industry.
TRON, Ownership and Online Content
Proving ownership over digital media content of any kind can be a true drag in the online world. That is how TRON is also aiming at solving the issues related to the troublesome proving of digital ownership, while also planning on changing the way media content is being uploaded and distributed through the online world.
Besides from having TRON as a potential patron of changed and improved online gaming industry, the team behind TRX is also planning on having digital ownership clear from the start point.
That way there won’t be any confusion revolving distributed data as there will always be clear who published the given data with the transparent origin of all uploaded media like pictures, music and all sorts of digital media you can imagine, including apps and games.
TRON would be able to easily work this plan through by implementing and improving consensus of ownership. This consensus would also come as pretty handy for academic purposes as well. This is the case because professors would be able to upload and distribute lessons and tests through the network while having defined relations with each student applied as a user on TRON network. Justin Sun is pretty enthusiastic about these plans, believing that TRX team is able to withstand all the challenges that the new plans are posing.
How is TRON doing at the Current Moment?
TRX has notably become one of the fastest recovering currencies in the course of the last couple of days since the majority of currencies started to recover on Monday after the massive market drop that went on for weeks.
After the latest change in its price, TRX has had a rise that went on by 37.51% against the dollar. The currency has also had a neat rise against BTC and ETH, rising up by 30.26% and 32.29%.
After the latest positive change in TRX’s price, this currency can be purchased at 0.049$ per one unit. Having the price still far from a dollar price per one unit TRX can still make a great bulk investment.
It seems that all the plans and partnerships are slowly paying off for TRX so hopefully this currency would be able to reach a one dollar price pretty soon in case it would continue to grow at the current rate.
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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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
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…