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

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Tron TRX
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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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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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Altcoins

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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