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Tron (TRX) claims three new listings, one exchange announces 100K prize in crypto

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Tron (TRX) started its new DAap journey yesterday with its TVM (TRON Virtual Machine) launch, and guess what, it has already scored two new listings by today.

Of course, these new crypto-exchanges listings will spread-out the TRX adoption in cryptosphere (it’s already catching fire). The two new exchanges listing Tron (TRX) are BTCAlpha exchange and CoinDeal (I love this name more) respectively.

Tron BTCAlpha Listing

BTCAlpha tweeted on August 29th:

There are two Tron trading pairs available as of now on BTCAlpha being TRX/BTC and TRX/USD.

Tron (TRX) gets listed on Exrates.me

The crypto exchange announced Tron addition to its platform via its official Twitter page, earlier today:

Exrates is one crypto exchange that’s known for its stealthy security and minimum commision for crypto transactions, and now Tron (TRX) making it on this crypto exchange means more adoption (that’s the case in scoring a spot on any exchange though, but here we’re talking about a well-trusted one so more adoption/userbase expected).

Unlike BTCAlpha who offers only two pairs for Tron (TRX), users can trade and exchange the cryptocurrency in three pairs on Exrates. The pairs include TRX/USD, TRX/ETH, and TRX/BTC (here yet again, it’s evident any altcoin cannot get started without BTC pair on any crypto exchange, not anytime soon).

Tron (TRX) makes it to CoinDeal

Good things come late, that’s why CoinDeal is the last one on this list of new exchanges listing Tron (TRX). Here comes that ‘extra’ we all keep wishing for.

Why extra? Because on top of adding TRX to its platform, CoinDeal has presented a pleasant surprise to the Tronix traders. Justin Sun announced the listing on its Twitter page, himself,

Even though the platform has made only one trading pair, TRX/BTC, as of now, but announced an exciting TRX prize for the users. The prizes will be distributed after a contest.

The total contest prize money is 200K TRX tokens, 100K being the first prize. You must be thinking ‘how can I take part in and win the CoinDeal Tron contest?’, right? Well, all you have to do is follow both, CoinDeal and Tron, on social media.

Your first step would be signing up for an account on CoinDeal and then follow its and Tron’s Twitter accounts. You also need to become a member of their (both of them) Telegram channels.

Given that you’ve taken all those steps and now wish to win the first prize, 100K TRX, you will be taking part in a quiz named ‘Game of Tron.’

Interestingly, there is a way out for a user if their scores get tied to being the highest alongside another user. That’s is, in case of a tie, the winner will be selected based on the trading volume of TRX/BTC of a user. The one with highest trading volume wins.

Alongside 100K TRX first prize there will be four other. 50K being the second, 30K third, and 15K and 5K being 4th and 5th respectively.

So clearly, Tron (TRX) hasn’t just entered the decentralized applications era, it has started receiving more recognization already, which suggests good days ahead for Tronix community. But you never know the crypto world, nevertheless, Tron user can see off August while smiling now, thanks to the three good news.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Konstantin Planinski on Unsplash

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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