Connect with us

Blogs

TRON (TRX) and the Road (map) to Success

Published

on

TRON

With the long expected TRON main net being released several days ago presented in a magnificent way by Justin Sun himself, there are already many impatient TRX holders waiting to see what TRX has next in line. The roadmap of the Tron project became available immediately upon having TRX being launched as an ICO, which was not that long ago considering the fact that Tron still is a rather young coin in the market. The technological development of this “gamers’ gem” is set to last for 20 years in total, which means that this is the estimated time for the completion of all goals in TRON’s roadmap. Here is how Tron is paving its path to success.

TRON and the Six Stages of Development

Published with the official launching of TRON as an ICO, the white paper of TRX is available for the public in the spirit of transparency and decentralization.

That is how all TRX investors, holders, enthusiasts and interested parties, can follow up with the development stages of Tron and its asset, as well as have an insight in what the future holds for Tron in accordance with its roadmap.

According to the roadmap of Tron, this digital asset has a long way to go before having the last stage completed as it is estimated that the full development of the TRON network won’t be completed until 2037, which means that it will take 20 years in total to fully develop this asset and its platform. The six stages of development are named by the recognizable “milestones” in the entertainment industry, which justifies the purpose of TRX as a gaming coin.

The first stage of development was dubbed Exodus and is set to last until December of 2018, which means that TRON is still in the first stage of development while being six months away from the second stage, called Odyssey.

In this stage, TRON is set to solve the problem of having big company giants using personal data of the internet users on their own terms. That is how Justin Sun came up with the idea of creating a safe space where data is valued.

With Exodus, all users can easily access, upload, publish, share and store their data with the help of a decentralized system that TRON makes up for.

Still, in the stage named Exodus that will last no more than six months, TRON has already launched its main net a couple of days ago, which means that the preparations for the stage Odyssey are hitting full steam.

TRON Stage 2: Odyssey

The second stage of development in TRON’s roadmap is called Odyssey and it represents a stage where the work of the team behind TRX will be focused on content empowerment.

That means that this stage should allow the creation, distribution, and dissemination of content while getting fair rewards in form of payments through TRX.

One of the main goals of this stage is to lower all fees in general, as well as to lower the royalties taken by third part giants like Google Play and Apple Store. During this stage, TRON should also develop a suitable payment system for this project as well as define and complete the listed upgrades, updates, and new features.

The focus in this stage will be set on TRON’s own main net, since the launching of the TRX network has opened the gate for the second stage of development, where TRON won’t be coexisting with ERC20 type tokens on Ethereum chain, but will use its own ecosystem for enabling fast transactions and content creation, distribution and dissemination.

The Odyssey stage is set to begin at the beginning of 2019, January, and is scheduled to last until June 2020. By the end of the second stage, all TRX payments should be processed via unichannel.

TRON Stage 3: Great Voyage

This stage should commence in June 2020 and it should be marked with a sign of Initial Coin Offering. In this stage, the TRX platform should be developed to the point where it is possible to manage dividends and income, as well as to include the management of supporters.

In order to be able to achieve this stage and make the mentioned features possible, the network should be upgraded to make a personalized ecosystem. That means that the TRON network will be able to resemble Ethereum in a greater way, considering the fact that the platform will be enabled for the launching of ICOs.

TRON Stage 4: Apollo

Apollo makes up for the fourth stage out of six in total as described in TRON’s roadmap. As such, it represents a stage similar to the one previously mentioned in the terms of having another ICO being launched in this stage as well.

During this stage of development, TRON network should be able to work like Ethereum, which means that TRON would be able to launch its own tokens that would be used by a portion of its users.

In order to make such a system hack-proof and safe for their users, the team will be working on developing a protocol that would be able to cover all SHTF scenarios and prevent attacks and bugs in the network.

The launched tokens should be used for trading, which would consequently contribute to the increased vitality of the TRX ecosystem given the fact that the trading would be decentralized.

The protocols being made for this stage should predict all glitches where it might become a case that some of the tokens used in the network miss out on being validated. That is how only a sophisticated protocol could solve the potential glitch.

TRON Stage 5: Star Trek

In the stage number five, named Star Trek in order to honor a massive fan base of this sci-fi timeless wonder, the TRON network should take over the functions of a gaming platform that way meeting its true purpose given the fact that TRX was launched as a gaming coin.

That is how TRX gamers will be able to enjoy all perks of a decentralized ecosystem for playing games and gaining rewards for their achievements. However, the platform in this stage will also have some predicting features, which should contribute to attracting more prominent investors to the TRON network and gaming platform at this point.

TRON Stage 6: Eternity

Cleverly named Eternity, the sixth and the last stage of the development of TRON project which should end in 2037, should have all the main objectives completed by far with representing a completely functional decentralized blockchain-based gaming platform.

In this stage, the team with Justin Sun on the head has predicted that the investors who were supporting TRON in previous stages of development would now be able to collect massive gains from their investment, considering that at this point, TRON would become the biggest decentralized gaming platform on the global level.

So far, the team behind TRX and Justin Sun have been doing an extraordinary job, that way sky-rocketing this rather new crypto to the list of top ten currencies where TRON is still holding on to the 10th spot on the global coin ranking list.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

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…

Continue Reading

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

on

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…

Continue Reading

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

on

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…

Continue Reading

Press Release