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Tron (TRX) recent developments and events: Is Justin Sun too aggressive?

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In recent months, the twelfth most relevant virtual currency in the globe, Tron (TRX), with a market capitalization of about 2.2 billion US dollars has been taking center stage in the token-show frequently in recent weeks. Tron foundation, the much aspiring project aims to build a sturdy infrastructure for a true decentralized internet.

The coin of the hour, Tron (TRX) has been gaining a lot of backing because of their partnerships and proclamations after proclamations. Various exchanges have been showing Tron a lot of support in the recent past with the latest news creating a buzz in the crypto space is Tron’s collaboration with the adult site, Pornhub.

Tron (TRX) achievements so far

The highly anticipated launch of Tron’s new mainnet, Odyssey, was successfully done on 31st May this year without any glitches and hitches. In less than a year of existence, the Tron Foundation managed to grow its team to about 200 developers, release the roadmap to its “decentralized internet,” and amass more than 3 billion US dollars.

Currently, the Tron platform has 254 nodes in different locations in the world and boasts of having attributes like high-quality support, high availability that acts as the basis of all dApps on the platform, and its scalability.

One recent milestone that Tron (TRX) has achieved, and is worth noting is Binance’s completion of TRX Main Net swaps. Users can now make TRX deposits and withdrawal now.

Other significant Tron developments

The mainnet wallet, consensus protocol, and actual structure are the three pillars the Tron outfit is based on. Over the past few months, all three pillars have undergone tremendous modifications translating into additional value boost and efficiency to the digital coin’s worth.

Responses to bugs and cyber threats have witnessed outstanding and continuous assessments being done to make sure the platform is fool-proof of any bugs or potential cyber-attacks. Several problems were reported on the Tron RPC front, but the Tron development team has been able to iron out the problems without interfering with the network’s operations.

The consensus protocol has already gone through complete optimization with the swapping of the token taking place seamlessly during and after the launch of the MainNet.

The Super Representative Election

The community took to the polls on 25th June for the 27 Super Representatives that are meant to assist in the governance of the Tron platform. At the moment, 42 candidates are vying in the polls, but only 27 will make the cut to take the responsibility of a Super Representative. It is hard to tell as of now when the Tron elections will end, though.

Tron’s Secret Project

All lot of chatter has been going around concerning Tron’s secret project that was announced recently by CEO Justin Sun. At the moment, details concerning the project are still on lockdown with no hints on what the project is, what look it takes, or what the project might do. All we know about this secret project of Tron is the launch date; it’s going to be launched by the end of this month.

With so many things going on for Tron (TRX) simultaneously, one would think Justin Sun and Tron Foundation are hitting the deck too hard. The questions like, are the Tron foundation projects more than they can handle in recent times? Will the developments impact its future?

Well, the answer to all such concerns is, to me, Justin Sun is doing all he possibly can to make sure that his virtual currency succeeds. He is making use of his time, energy and resources at full, in the best way he can, which is a thing to praise if you’re an investor and not to point out. If Sun and Tron foundation keeps going like they have been lately, it certainly will help Tron (TRX) touch the skies sooner than many might be predicting.

At the time of writing, Tron (TRX) is valued at $0.03326 per coin which is still on the lower side of what the crypto community had expected, but a price surge is expected shortly.

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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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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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