In a recent tweet dated 9th August, Justin Sun, the founder, and CEO of Tron, announced to the world that Tron Foundation was looking into ways to utilize Seedit in furthering their ongoing advancements in becoming the new mainstream virtual currency and blockchain technology.
Seedit is an exceptional platform that is designed to give individuals as well as entities the ability to send Tron (TRX) tokens around the world in near instant speeds using various social media platforms. In other words, Seedit is a virtual currency payment system that is based on the Tron platform.
According to CEO Justin Sun, the addition of Seedit to the Tron family will give the blockchain technology and digital currency the much-required push for the development of the company’s agenda.
Seedit confirmed the news by stating that they were committed to providing an easy to use and efficient payment platform that was going to make use of the application programming interfaces and functionalities of Tron (TRX).
— Seedit (@GoSeedit) August 18, 2018
According to a news release from Seedit, the main reason why the upcoming payment network runs on Tron (TRX) is that of the virtual currency’s ultralight blockchain technology.
Seedit is efficient, polished, and will soon be fully integrated on multiple platforms. At the time of writing, Seedit presence is being felt on Telegram as it was released on the social media platform recently, but the p2p payment and reward platform is keen to expand to other territories with its sights already on Twitter.
It is believed that after the integration with Twitter, Seedit will continue with their expansion program to other social media platforms like Kakao and Reddit.
And going by their outlined plan of social media presence, Seedit has maintained the importance of sustaining a user-friendly platform. Using multiple implementations, Seedit has managed to accomplish their mission of simplicity by including familiar and easy to navigate user interface and by automatically creating a wallet address for any individual either sending or receiving Tron (TRX).
It is expected that this union of a user-friendly interface and the relationship with mainstream social media companies will help Seedit profit and in turn propel Tron (TRX) to become the most popular virtual currency in the market.
On the other side, the Tron (TRX) platform utilizes existing libraries with the advantage of being less heavy than other blockchain technologies as it has been tested and proven to be fit multiple times.
Tron’s (TRX) Evolution
The first chapter of Tron’s (TRX) development phase was known as Exodus, and it entailed the summarization of all the recognized projects and designs.
Secondly, the Odyssey phase came alone as the second phase of Tron’s roadmap, under which Tron (TRX) as a company upgraded all their systems and their blockchain technology to adapt and allow firms like Seedit to function well on its upgraded network.
According to Tron, the third phase of development will be known as ‘The Great Voyage’ as it will be a grand scale project that will give back to individual content creators and developers the real power.
The Emergence of Seedit
The peer-to-peer payment and reward platform was created and developed by Tron’s Super Representative, Sesameseed. A company founded and based in Los Angeles. Sesameseed is warming up to an expansion effort after its successful primary launch on Telegram.
The vision of Seedit and Sesameseed is to give and facilitate Tron holders a convenient way to transfer TRX coins to their favorite content developers, authors, creators, bloggers, family, and friends.
From inferences made after testing, Seedit has been announced fit and ready for launching on the Twitter platform. The new partnership will allow individuals to send Tron (TRX) digital coins to Twitter users at near-instant speeds.
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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.
Image courtesy of Clément M. on Unsplash
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
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…