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TRON (TRX): On the Top of Its Own Game

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Tron (TRX), a coin still available for under a dollar, seems to be working on getting new opportunities and implementing some novelties to improve their ratings. As this coin is slowly progressing, we can quickly conclude that all innovations are closely related to newly acquired partnerships towards obtaining a status of a mainstream coin. How is TRON doing in 2018 and what is set for this coin in the upcoming months?

A couple of words about TRON

In case you haven’t heard of TRON, although this coin has been on the market for a while, this digital currency is focused on content and promoting content. Its platform works based on rewarding all members that are involved with sharing, owning, creating or commenting on the already published material. That way, all members of TRX community can contribute to the decentralized system running on blockchain technology and get awarded for their contributions. The rewards are given in the form of TRX tokens that are being rewarded by the involvement of all members working on promoting digital content.

At the same time, Tron is working on creating a massive decentralized database that will be functioning in favor of quickly accessing any published content with the ability to promote, share and comment on any public material. Think of it like of digitalized Wikipedia – a massive base of differently categorized information and assets. The only difference between the two would be that TRON is running on thousands of different computers all connected through a decentralized blockchain system.

TRON in 2018

2017 was a great year for almost any cryptocurrency out there as many of the coins have managed to get their 5 minutes of fame with amazingly high increases in price and with fast game-changing coins that led to increasing the selling volume for over 600% in only a couple of months. Tron was also one of those coins that were slowly getting on its popularity thanks to the cleverly designed ecosystem that rewards involvement with creating and distributing content.

By promoting content, they have managed to attract many different investors that soon began to trade with TRON, also enjoying benefits of the rewarding program where you can earn by getting involved with creating and sharing content.

Over that time, Tron has managed to come a long way from having a soft price to having a decent value of 0.06$ per one unit, growing in a continuous pace with minor but valuable increases in price. So, this coin seemed to be a promising coin to hold onto in the upcoming 2018. Now when the first month of 2018 is slowly coming to an end, we see that predictions for TRON in 2018 were very realistic.

Although TRX has suffered a minor decrease in price in the past 24 hours at the time of this writing, this digital coin is still circulating the market with a promising connotation.

Apparently, besides from having been announced that TRON has entered a partnership with Global Social Chain, this coin has also announced the release of First Beta Version Exodus that should occur around March 2018. This means that TRON could potentially bring new investors and new holders to the table in case everything goes well with the project they are launching in March of the current year.

AS far as the joining with GSC concerned, this partnership will allow TRON to get back on the track with the price, as this coin became the coin with most massive Daap user base in the world. The beginning of January was especially benevolent for TRON as this coin managed to reach the price of 0.23$ per one unit and to get closer to the one dollar mark, but then the tables turned, and this coin suffered a major loss in the volume of the price. It fell to 0.05$ from the price mentioned above, that way suffering from massive losses in the total market cap.

The main catch with TRON however, seems to be the devotion of TRX users, holders, and community members, along with their trust in this digital currency. In the last couple of days, TRON has experienced an increase, followed by an immediate decrease of -2% which led to a current price of 0.06$ per one coin.

Beta Version Exodus

TRON is all about having a robust decentralized community running on blockchain technology that would enable secure functioning in an open-source protocol. This community would also allow all users to contribute to the ecosystem, with having the opportunity to perform smooth and straightforward transactions and exchange of content. TRON is made to represent this exact model, so in the spirit of working in favor of upgrading their system to match even higher standards, TRON developers are launching Beta Version Exodus.

Beta Version Exodus will be launched on 31st March 2018 and should be the next significant upgrade to the TRON network after starting their open-source ecosystem. Given that TRON platform is targeting the trillion dollar entertainment industry, if all goes well with Exodus, we can freely expect to see this coin’s price hitting the moon.

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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.

Image courtesy of coinmarketcap.com

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.

NFTs are already being actively traded in markets globally. For…

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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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